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Gloucester 01930
7 Hidden Way
$1,240,000
● House - Off Market

7 Hidden Way

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,600 Ft²
$1,965,040
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Life's a Beach! Sweeping, Panoramic Views of Ipswich Bay, Private Coffins/Wingaersheek Beach and Beyond. This home has it all, in a fabulous exclusive neighborhood. Perfect home for year round living and entertaining, steps to white sand, private Coffins Beach. The home offers 4 spacious bedrooms, 3 full baths, 2 living spaces, fireplace and 3 exterior composite decks for alfresco dining, sipping coffee or enjoying cocktails after a long day. Large screened gazebo in the grassy backyard and enclosed outdoor shower. There is plenty of space for everyone to spread out and enjoy all the neighborhood has to offer. Don't miss out on this opportunity to live in one of Gloucester's most desirable communities.
Unit Size
2,600 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$500
Property Type
House
Property Taxes
$1,094
HOA Dues
$75
Year Built
1994

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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 #72356168)

Price History

Date / Event Date Event Price
Aug 24, 2018 Sold
Premium
Sold
Jul 3, 2018 Listed by Stuart St James, Inc. $1,299,000
Listed by Stuart St James, Inc.
Feb 24, 2004 Sold
Premium
Sold
Jan 3, 2004 Listed by Stuart St James, Inc. $850,000
Listed by Stuart St James, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,478
  • Total Building Area: 1,704
  • Gross Building Area: 3,456
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: 221902

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0257 B:0101 L:0000
  • Block: 101
  • Municipality: GLOUCESTER
  • Latitude: 42.6544
  • Longitude: -70.6937

    Address

  • Full Address: 7 Hidden Way
  • Address - House Number: 7
  • Address - Street Name: Hidden
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1458
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,577,700

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,765,324
  • High Value: 2,046,703
  • Low Value: 1,483,944

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,621,500
  • Assessed Land Value: $955,800
  • Assessed Improvements Value: $665,700

    Sales

  • Current Sale Recording Date: Aug 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180824004180
  • Previous Sale Recording Date: Feb 24, 2004
  • Previous Sale Amount: $819,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 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# 72356168

Frequently Asked Questions

When was property at 7 Hidden Way built and last sold?
The property at 7 Hidden Way was built in 1994 and last sold on Jan 1, 1970 for $1,240,000.
How much is this home worth?
The estimated value of the home located at 7 Hidden Way is $1,302,166.
What are some comparable homes to 7 Hidden Way?
There are currently no comparable homes to 7 Hidden Way.
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