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Gloucester 01930
70 Thurston Point Rd
$359,000
● House - Off Market

70 Thurston Point Rd

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
912 Ft²
$549,249
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Quaint 2 bedroom Cape located in Wheeler Point area.  Relax on the large back deck and enjoy the river views or take advantage of the deeded river access.  Home offers kitchen, living room, office, sunroom and full bath on the first floor and two bedrooms on the second floor.  Nice yard with storage shed.  Two car parking.  Bring your ideas, as this home needs some updates but definitely will be worth the efforts.
Unit Size
912 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$411
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
2021

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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 #72540301)

Price History

Date / Event Date Event Price
Oct 8, 2019 Sold
Premium
Sold
Jul 25, 2019 Listed by RE/MAX Advantage Real Estate $375,000
Listed by RE/MAX Advantage Real Estate
Jun 15, 1998 Sold
Premium
Sold
Apr 1, 1998 Listed by RE/MAX Advantage Real Estate $169,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • 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: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 416
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,905
  • Total Building Area: 2,012
  • Gross Building Area: 3,321
  • Building Area: 2,012
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,012
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221800

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0098 B:0054 L:0000
  • Block: 54
  • Municipality: GLOUCESTER
  • Latitude: 42.6381
  • Longitude: -70.6813

    Address

  • Full Address: 70 Thurston Point Rd
  • Address - House Number: 70
  • Address - Street Name: Thurston Point
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1678
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $739,100

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 594,321
  • High Value: 696,139
  • Low Value: 492,503

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $759,600
  • Assessed Land Value: $227,800
  • Assessed Improvements Value: $531,800

    Sales

  • Current Sale Contract Date: Sep 24, 2019
  • Current Sale Recording Date: Oct 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191008003060
  • Previous Sale Recording Date: Jun 15, 1998
  • Previous Sale Amount: $165,000
  • 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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72540301

Frequently Asked Questions

When was property at 70 Thurston Point Road built and last sold?
The property at 70 Thurston Point Road was built in 2021 and last sold on Sep 24, 2019 for $359,000.
How much is this home worth?
The estimated value of the home located at 70 Thurston Point Road is $374,107.
What are some comparable homes to 70 Thurston Point Road?
There are currently no comparable homes to 70 Thurston Point Road.
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