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Gloucester 01930
7 Addison St
$525,000
● House - Off Market

7 Addison St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,301 Ft²
$515,922
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Perfectly located on a side street in downtown Gloucester, this sweet three-bedroom, two-bathroom colonial offers easy access to the MBTA commuter rail line, restaurants, shopping, beaches and so much more.  Move right into this renovated home with an open floor plan featuring an eat-in kitchen, living and dining areas, large mudroom, bedroom, and full bathroom on the first floor. The second floor offers two sizable bedrooms and a second full bathroom. The finished lower level provides excellent flexible bonus space and a laundry/storage room. The grassy side yard is an unexpected treat with a vegetable garden, a patio and even a chicken coop! Off street parking for two cars. Natural gas and newer systems (7 year old Baxi tankless heating system and 7 year old roof).
Unit Size
1,301 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$384
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1900

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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 #73007700)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
Jul 6, 2022 Listed by LandVest, Inc., Ipswich $499,000
Listed by LandVest, Inc., Ipswich
Jun 5, 2015 Sold
Premium
Sold
Apr 8, 2015 Listed by LandVest, Inc., Ipswich $289,900
Listed by LandVest, Inc., Ipswich
Jun 15, 2012 Sold
Premium
Sold
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 9
  • Basement Area: 476
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,820
  • Total Building Area: 1,301
  • Gross Building Area: 1,920
  • Building Area: 1,301
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,301
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000065
  • 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: 221500

Zoning

  • Zoning: NB

Geography

  • Parcel: GLOU M:0025 B:0066 L:0000
  • Block: 66
  • Municipality: GLOUCESTER
  • Latitude: 42.6151
  • Longitude: -70.668

    Address

  • Full Address: 7 Addison St
  • Address - House Number: 7
  • Address - Street Name: Addison
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C032
  • 4-Digit Zip Code: 3508
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,400

    Appraisal Valuation

  • Standard Deviation: 0.1867
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 638,228
  • High Value: 757,442
  • Low Value: 519,013

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $500,900
  • Assessed Land Value: $116,600
  • Assessed Improvements Value: $384,300

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 253
  • Previous Sale Recording Date: Jun 05, 2015
  • Previous Sale Amount: $305,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73007700

Frequently Asked Questions

When was property at 7 Addison Street built and last sold?
The property at 7 Addison Street was built in 1900 and last sold on Aug 23, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 7 Addison Street is $502,324.
What are some comparable homes to 7 Addison Street?
There are currently no comparable homes to 7 Addison Street.
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