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Gloucester 01930
8 Cole Ave
$165,000
● House - Off Market

8 Cole Ave

Gloucester, MA 01930
bedrooms
1 Bed
bathrooms
1 Bath
square feet
2,839 Ft²
$360,439
RealtyHop Estimate
106.08%
Since Jul 1, 2009
National-US
Primary Model

About This Property

Calling all contractors, inside needs to be finished.  Bank owned property being sold as-is where is. All offers must include a Pre-Approval. Upon acceptance the P&S and Addendum must be signed and returned within 48 hrs or the asset will be returned to active status. Buyers to verify all info. Commission based on net sale price. Buyer responsible for smoke cert and Title V.  Cash or construction loan only.
Unit Size
2,839 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$62
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1931

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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: 5 years ago (MLSPIN #70899288)

Price History

Date / Event Date Event Price
Jun 12, 2009 Sold
Premium
Sold
Apr 6, 2009 Listed by North Shore's Gold Coast Realty $174,900
Listed by North Shore's Gold Coast Realty
Feb 5, 2009 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • 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: 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: 10,000
  • Total Building Area: 2,462
  • Gross Building Area: 3,568
  • Building Area: 2,462
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,462
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 221901

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0220 B:0106 L:0000
  • Block: 106
  • Municipality: GLOUCESTER
  • Latitude: 42.6101
  • Longitude: -70.7056

    Address

  • Full Address: 8 Cole Ave
  • Address - House Number: 8
  • Address - Street Name: Cole
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C024
  • 4-Digit Zip Code: 3315
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $710,000

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 675,703
  • High Value: 798,469
  • Low Value: 552,937

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $729,700
  • Assessed Land Value: $175,500
  • Assessed Improvements Value: $554,200

    Sales

  • Current Sale Recording Date: Jun 12, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 05, 2009
  • Previous Sale Amount: $178,500
  • Previous Sale Document Type: 34
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:

$699,000

Sale Price/ft²

$448

Below Asking

0.03%

Average Days on Market

57

Average Home Size

2105 ft²

Average Home Age

79.5 years

Currently For Sale

83 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# 70899288

Frequently Asked Questions

When was property at 8 Cole Avenue built and last sold?
The property at 8 Cole Avenue was built in 1931 and last sold on Jan 1, 1970 for $165,000.
How much is this home worth?
The estimated value of the home located at 8 Cole Avenue is $0.
What are some comparable homes to 8 Cole Avenue?
There are currently no comparable homes to 8 Cole Avenue.
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