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Gloucester 01930
7 Ocean View Dr
$777,000
● House - Off Market

7 Ocean View Dr

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,324 Ft²
$825,178
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

East Gloucester location abutting the Essex County Greenbelt area known as Seine Field. Sited on a cul-de-sac minutes from the Back Shore this home awaits the many possibilities to transform it into the home you have always been dreaming of.  Large, flat 1/2 acre+ lot, attached 2-car garage, fireplaced living room and family room with a very large walk-out basement suitable for expansion offering multiple windows and a slider to the backyard.  Property has a control unit on the electrical grid that allows for a generator hookup.  Showings can begin immediately but there will also be an Open House on Sunday, October 31, from noon to 1:30.
Unit Size
2,324 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$322
Property Type
House
Property Taxes
$680
HOA Dues
-
Year Built
1973

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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: 5 years ago (MLSPIN #72912810)

Price History

Date / Event Date Event Price
Dec 8, 2021 Sold
Premium
Sold
Oct 26, 2021 Listed by Vadala Real Estate $749,000
Listed by Vadala Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 7
  • Basement Area: 1,008
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,410
  • Total Building Area: 2,324
  • Gross Building Area: 4,252
  • Building Area: 2,324
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,324
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000583
  • 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-20

Geography

  • Parcel: GLOU M:0076 B:0109 L:0000
  • Block: 109
  • Municipality: GLOUCESTER
  • Latitude: 42.5975
  • Longitude: -70.6467

    Address

  • Full Address: 7 Ocean View Dr
  • Address - House Number: 7
  • Address - Street Name: Ocean View
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4227
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $900,800

    Appraisal Valuation

  • Standard Deviation: 0.1597
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 922,329
  • High Value: 1,069,650
  • Low Value: 775,008

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $925,800
  • Assessed Land Value: $367,000
  • Assessed Improvements Value: $558,800

    Sales

  • Current Sale Contract Date: Dec 08, 2021
  • Current Sale Recording Date: Dec 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 631928
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: 5 years ago
Data Source: MLS PIN, MLS# 72912810

Frequently Asked Questions

When was property at 7 Ocean View Drive built and last sold?
The property at 7 Ocean View Drive was built in 1973 and last sold on Dec 8, 2021 for $777,000.
How much is this home worth?
The estimated value of the home located at 7 Ocean View Drive is $0.
What are some comparable homes to 7 Ocean View Drive?
There are currently no comparable homes to 7 Ocean View Drive.
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