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Gloucester 01930
62 Adams Hill Road
$1,741,666
● House - Off Market

62 Adams Hill Road

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,304 Ft²
$3,079,134
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Annisquam! After 115 years in the same family, the Haines Barn, is being offered for sale. The rustic converted barn is perched on a knoll, overlooking Cambridge Beach and the Old Wharf Lot. The elevated position affords spectacular, panoramic views of Wingaersheek Beach, Coffin's Beach, Crane Beach, Ipswich Bay and the Annisquam River. This serene spot has distant views of NH and ME on a clear day. The center of the home is the two story barn, anchored by a brick fireplace. The large level lot has ample parking for family and guests, along with a two car garage. Currently, the home has summer water and no central heat. A special opportunity to own an incredibly unique property in one of Gloucester's most desired enclaves. This is the home where endless summer memories are made.
Unit Size
2,304 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$911
Property Type
House
Property Taxes
$1,407
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72506001)

Price History

Date / Event Date Event Price
Aug 1, 2019 Sold
Premium
Sold
May 23, 2019 Listed by Coldwell Banker Residential Brokerage - Manchester $2,100,000
Listed by Coldwell Banker Residential Brokerage - Manchester

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,500
  • Total Building Area: 1,779
  • Gross Building Area: 1,807
  • Building Area: 1,779
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 1,779
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000448
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0120 B:0022 L:0000
  • Block: 22
  • Municipality: GLOUCESTER
  • Latitude: 42.6567
  • Longitude: -70.6805

    Address

  • Full Address: 62 Adams Hill Rd
  • Address - House Number: 62
  • Address - Street Name: Adams Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C019
  • 4-Digit Zip Code: 1304
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,745,700

    Appraisal Valuation

  • Standard Deviation: 0.2185
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 2,499,375
  • High Value: 3,045,705
  • Low Value: 1,953,045

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,794,100
  • Assessed Land Value: $1,618,500
  • Assessed Improvements Value: $175,600

    Sales

  • Current Sale Contract Date: Jul 30, 2019
  • Current Sale Recording Date: Aug 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 604165
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gloucester

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1913 ft²

Average Home Age

81.9 years

Currently For Sale

88 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72506001

Frequently Asked Questions

When was property at 62 Adams Hill Road built and last sold?
The property at 62 Adams Hill Road was built in 1920 and last sold on Jul 30, 2019 for $1,741,666.
How much is this home worth?
The estimated value of the home located at 62 Adams Hill Road is $2,046,810.
What are some comparable homes to 62 Adams Hill Road?
There are currently no comparable homes to 62 Adams Hill Road.
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