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Gloucester 01930
7 Leverett St
$925,000
● House - Off Market

7 Leverett St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,578 Ft²
$1,540,609
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Ever wanted to own your own quarry? The Valley Pit, once owned by the Lanesville Granite Co, then the Rockport Granite Co is exclusively owned and not shared by any abutters.  This is a magical property with a storied history of dance and musical performances and Finnish culture. 1930's House and Garden design where "beauty dwells in a small house". Central room with barrel vault ceiling, large fireplace, and two Palladian windows, honeyed oak floors throughout, kitchen with original cabinets, stainless steel counter top and butler's pantry. 3 bedrooms and 2 baths with original fixtures.  All with beautiful views of your privately owned quarry to enjoy in every season.
Unit Size
1,578 Ft²
Days on Market
-
Land Size
3.40 acres
Price per sqft
$586
Property Type
House
Property Taxes
$674
HOA Dues
-
Year Built
1933

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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 #71976075)

Price History

Date / Event Date Event Price
Feb 21, 2017 Sold
Premium
Sold
Mar 22, 2016 Listed by Coldwell Banker Residential Brokerage - Manchester $925,000
Listed by Coldwell Banker Residential Brokerage - Manchester
Jun 1, 2004 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,656
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 148,104
  • Total Building Area: 1,578
  • Gross Building Area: 3,312
  • Building Area: 1,578
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,578
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLOUCESTER PROP SYLVESTER & SA
  • Land Acres: 0000003400
  • 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-80

Geography

  • Parcel: GLOU M:0164 B:0040 L:0000
  • Block: 40
  • Municipality: GLOUCESTER
  • Latitude: 42.677
  • Longitude: -70.6527

    Address

  • Full Address: 7 Leverett St
  • Address - House Number: 7
  • Address - Street Name: Leverett
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1014
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $954,700

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,209,157
  • High Value: 1,401,888
  • Low Value: 1,016,427

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $981,200
  • Assessed Land Value: $521,500
  • Assessed Improvements Value: $459,700

    Sales

  • Current Sale Recording Date: Feb 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 401
  • Previous Sale Recording Date: Jun 01, 2004
  • Previous Sale Amount: $960,000
  • 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

1928 ft²

Average Home Age

77.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71976075

Frequently Asked Questions

When was property at 7 Leverett Street built and last sold?
The property at 7 Leverett Street was built in 1933 and last sold on Jan 1, 1970 for $925,000.
How much is this home worth?
The estimated value of the home located at 7 Leverett Street is $929,873.
What are some comparable homes to 7 Leverett Street?
There are currently no comparable homes to 7 Leverett Street.
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