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Gloucester 01930
671 Western Ave
$265,000
● House - Off Market

671 Western Ave

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$499,723
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

What an investment!!!! Come home to Magnolia. 3bed/1bath ranch has curb appeal! Located on a level lot with plenty of parking. Roof, aluminum siding and windows ALL NEW in 2010! Electric recently updated. Main level features a large Eat-in-Kitchen, 3 bedrooms and living room. Walk out basement, finished less than 10 years ago, adds a family room and den to the living area. Bathroom and kitchen are modern. Home needs paint and cosmetics to make it shine but the "big ticket items" have been recently replaced. A little work will go a long way in this one! Instant equity...  GREAT DEAL!!!!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$186
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #71777682)

Price History

Date / Event Date Event Price
May 1, 2015 Sold
Premium
Sold
Dec 18, 2014 Listed by Century 21 North Shore $279,000
Listed by Century 21 North Shore
Mar 30, 2001 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,000
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,686
  • Total Building Area: 1,000
  • Gross Building Area: 2,200
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA GLOUCESTER
  • Land Acres: 0000000337
  • 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: 221901

Zoning

  • Zoning: R-30

Geography

  • Parcel: GLOU M:0193 B:0040 L:0000
  • Block: 40
  • Municipality: GLOUCESTER
  • Latitude: 42.5887
  • Longitude: -70.7132

    Address

  • Full Address: 671 Western Ave
  • Address - House Number: 671
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C030
  • 4-Digit Zip Code: 5117
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $503,800

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 562,661
  • High Value: 664,814
  • Low Value: 460,508

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,800
  • Assessed Land Value: $190,000
  • Assessed Improvements Value: $327,800

    Sales

  • Current Sale Recording Date: May 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50100490
  • Previous Sale Recording Date: Mar 30, 2001
  • Previous Sale Amount: $219,000
  • Previous Sale Document Type: 27
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# 71777682

Frequently Asked Questions

When was property at 671 Western Avenue built and last sold?
The property at 671 Western Avenue was built in 1973 and last sold on Jan 1, 1970 for $265,000.
How much is this home worth?
The estimated value of the home located at 671 Western Avenue is $305,776.
What are some comparable homes to 671 Western Avenue?
There are currently no comparable homes to 671 Western Avenue.
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