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Gloucester 01930
8 Colonial St
$530,000
● House - Off Market

8 Colonial St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,540 Ft²
$526,037
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to this charming colonial home located on a quiet dead-end street! Boasting 3 bedrooms, 2 bathrooms, and a generous 1,540 sq ft of living space, this house offers comfort, convenience, and a rich history. Lovingly maintained by the same family for a century, it exudes character and warmth at every turn. The second floor features three bedrooms, a full bath and an office space that could be converted to an en suite off the primary bedroom. Situated in a prime location, this home is a half mile from the commuter rail, making commuting a breeze. Additionally, the beautiful beach is only a mile away, allowing for easy access to refreshing coastal walks, sunsets, and leisure activities. More pictures to come!
Unit Size
1,540 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$344
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1900

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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: 4 months ago (MLSPIN #73135821)

Price History

Date / Event Date Event Price
Aug 28, 2023 Sold
Premium
Sold
Jul 30, 2023 In contract -
In contract
Jul 19, 2023 Listed by Keller Williams Realty Evolution $529,000
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,136
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,937
  • Total Building Area: 1,540
  • Gross Building Area: 3,311
  • Building Area: 1,540
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,540
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • 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: 221600

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0039 B:0053 L:0000
  • Block: 53
  • Municipality: GLOUCESTER
  • Latitude: 42.6208
  • Longitude: -70.6707

    Address

  • Full Address: 8 Colonial St
  • Address - House Number: 8
  • Address - Street Name: Colonial
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C002
  • 4-Digit Zip Code: 2610
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $501,500

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 591,737
  • High Value: 701,286
  • Low Value: 482,188

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $515,400
  • Assessed Land Value: $142,500
  • Assessed Improvements Value: $372,900

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Aug 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230828002130
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# 73135821

Frequently Asked Questions

When was property at 8 Colonial Street built and last sold?
The property at 8 Colonial Street was built in 1900 and last sold on Aug 28, 2023 for $530,000.
How much is this home worth?
The estimated value of the home located at 8 Colonial Street is $547,795.
What are some comparable homes to 8 Colonial Street?
There are currently no comparable homes to 8 Colonial Street.
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