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Gloucester 01930
7 Palfrey Road
$696,000
● House - Off Market

7 Palfrey Road

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
996 Ft²
$1,181,777
RealtyHop Estimate
57.78%
Since Feb 1, 2018
National-US
Primary Model

About This Property

Nestled between Good Harbor and Long Beaches on Brier Neck, you'll find the "1/2 Way Cafe," a charming year-round Cottage with ocean views. This sunny home features high ceilings and pickled oak floors on the main level that consists of 2 bedrooms and a full bath, an eat-in kitchen with dining area and pantry, and a fireplaced living room with picture window to take in the views. Offering a fantastic roof top deck and an outdoor shower on the upper level, this home has a lower level with high ceilings, washer/dryer hookup, and a ¾ bath that can be transformed into additional living space. Set on a good-sized lot, this property has a substantial footprint allowing for great expansion potential. No hassle city water/sewer. Your choice to renovate or keep cute as is!
Unit Size
996 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$752
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1950

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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 #72227880)

Price History

Date / Event Date Event Price
Jan 5, 2018 Sold
Premium
Sold
Sep 12, 2017 Listed by Lux Realty North Shore $749,000
Listed by Lux Realty North Shore

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,280
  • Total Building Area: 996
  • Gross Building Area: 2,160
  • Building Area: 996
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 996
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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:0177 B:0032 L:0000
  • Block: 32
  • Municipality: GLOUCESTER
  • Latitude: 42.6243
  • Longitude: -70.6228

    Address

  • Full Address: 7 Palfrey Rd
  • Address - House Number: 7
  • Address - Street Name: Palfrey
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C008
  • 4-Digit Zip Code: 1920
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $869,800

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,027,673
  • High Value: 1,191,476
  • Low Value: 863,870

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $893,900
  • Assessed Land Value: $543,200
  • Assessed Improvements Value: $350,700

    Sales

  • Current Sale Contract Date: Jan 02, 2018
  • Current Sale Recording Date: Jan 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 589339
  • Previous Sale Recording Date: Aug 25, 2016
  • Previous Sale Contract Date: Aug 25, 2016
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72227880

Frequently Asked Questions

When was property at 7 Palfrey Road built and last sold?
The property at 7 Palfrey Road was built in 1950 and last sold on Jan 2, 2018 for $696,000.
How much is this home worth?
The estimated value of the home located at 7 Palfrey Road is $740,928.
What are some comparable homes to 7 Palfrey Road?
There are currently no comparable homes to 7 Palfrey Road.
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