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Gloucester 01930
7 Long Beach Road
$655,000
● House - Off Market

7 Long Beach Road

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,107 Ft²
$1,027,751
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

This could be your perfect beach house.  Light filled ranch is located in a great neighborhood that sits between Good Harbor Beach and Long Beach.  The Living room opens onto large deck with peeks of the ocean & beach.  Hardwood floors throughout the main level, bright white kitchen with  island, open concept  dining room /living room with wood burning fireplace. The master bedroom opens through sliders to a light filled sunroom. There are two additional bedrooms and full bath on the main level. The lower level is partially finished and offers kitchenette, den, craft room and second bath.  Quarter acre lot with established perennial gardens, attached garage, bocce court and parking for 6 cars.
Unit Size
1,107 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$610
Property Type
House
Property Taxes
$560
HOA Dues
-
Year Built
1966

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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 #72285667)

Price History

Date / Event Date Event Price
May 7, 2018 Sold
Premium
Sold
Feb 26, 2018 Listed by J. Barrett & Company $675,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • 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: 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: 1,025
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,951
  • Total Building Area: 1,107
  • Gross Building Area: 3,042
  • Building Area: 1,107
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,107
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • 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: 221300

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0180 B:0046 L:0000
  • Block: 46
  • Municipality: GLOUCESTER
  • Latitude: 42.625
  • Longitude: -70.6207

    Address

  • Full Address: 7 Long Beach Rd
  • Address - House Number: 7
  • Address - Street Name: Long Beach
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C008
  • 4-Digit Zip Code: 1936
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $777,500

    Appraisal Valuation

  • Standard Deviation: 0.1586
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 950,873
  • High Value: 1,101,692
  • Low Value: 800,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $799,100
  • Assessed Land Value: $452,700
  • Assessed Improvements Value: $346,400

    Sales

  • Current Sale Recording Date: May 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 592391
  • Previous Sale Recording Date: Sep 09, 2004
  • Previous Sale Document Type: 48

    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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72285667

Frequently Asked Questions

When was property at 7 Long Beach Road built and last sold?
The property at 7 Long Beach Road was built in 1966 and last sold on Jan 1, 1970 for $655,000.
How much is this home worth?
The estimated value of the home located at 7 Long Beach Road is $675,188.
What are some comparable homes to 7 Long Beach Road?
There are currently no comparable homes to 7 Long Beach Road.
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