For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Gloucester 01930
691 Western Ave
$300,000
● House - Off Market

691 Western Ave

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,286 Ft²
$1,843
Est. Monthly

About This Property

Here's an opportunity to purchase an affordable home in the charming Magnolia neighborhood of Gloucester abutting Burke Park.  Rehab or tear down, there is room to build equity.  Storm damage to roof from fallen tree is partially repaired.  Four (4) bedroom Title 5 sanitation system installed in 2015 and thermo window installation 2017.    West Parish Elementary School system.  Nice level yard with storage shed.
Unit Size
1,286 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$256
Property Type
House
Property Taxes
$227
HOA Dues
-
Year Built
1870

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #73184240)

Price History

Date / Event Date Event Price
Jan 18, 2024 Sold
Premium
Sold
Dec 4, 2023 In contract -
In contract
Dec 1, 2023 Listed by Holly C & Co. Fine Homes $329,000
Listed by Holly C & Co. Fine Homes
Jan 30, 2015 Sold
Premium
Sold
Aug 28, 2014 Listed by Holly C & Co. Fine Homes $149,900
Listed by Holly C & Co. Fine Homes

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 145
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,118
  • Total Building Area: 801
  • Gross Building Area: 1,543
  • Building Area: 801
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 801
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • 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:0012 L:0000
  • Block: 12
  • Municipality: GLOUCESTER
  • Latitude: 42.5877
  • Longitude: -70.7154

    Address

  • Full Address: 691 Western Ave
  • Address - House Number: 691
  • 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: $283,500

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 341,547
  • High Value: 368,969
  • Low Value: 314,125

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $291,400
  • Assessed Land Value: $150,300
  • Assessed Improvements Value: $141,100

    Sales

  • Current Sale Contract Date: Dec 17, 2023
  • Current Sale Recording Date: Jan 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240118001890
  • Previous Sale Recording Date: Jan 30, 2015
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: O
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

1919 ft²

Average Home Age

80.1 years

Currently For Sale

90 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73184240

Frequently Asked Questions

When was property at 691 Western Avenue built and last sold?
The property at 691 Western Avenue was built in 1870 and last sold on Dec 17, 2023 for $290,000.
How much is this home worth?
The estimated value of the home located at 691 Western Avenue is $344,832.
What are some comparable homes to 691 Western Avenue?
There are currently no comparable homes to 691 Western Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Gloucester Homes for Sale
Gloucester Houses for Sale
Gloucester Condos for Sale
Gloucester Townhouses for Sale
Gloucester Multifamily for Sale
Gloucester Land for Sale
Gloucester Commercial for Sale
Gloucester Homes with Basements
Nearby Cities
Lynn Homes for Sale
Salem Homes for Sale
Beverly Homes for Sale
Newburyport Homes for Sale
Danvers Homes for Sale
Marblehead Homes for Sale
Swampscott Homes for Sale
Rockport Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Suffolk County, MA Property Records
Rockingham County, NH Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Strafford County, NH Property Records
Plymouth County, MA Property Records
Hillsborough County, NH Property Records
Neighborhoods
Peabody Town Center Real Estate
Salem Neck Real Estate
North Salem Real Estate
Downtown Salem Real Estate
Federal Street Real Estate
Nearby Counties
Lynn Homes for Sale
Salem Homes for Sale
Beverly Homes for Sale
Newburyport Homes for Sale
Danvers Homes for Sale
Marblehead Homes for Sale
Swampscott Homes for Sale
Ipswich Homes for Sale
Top Real Estate Agents
Top Agents in Gloucester
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970
Top Agents in Beverly
Top Agents in Beverly