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Gloucester 01930
8 Mako Dr
$420,000
● House - Off Market

8 Mako Dr

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,302 Ft²
$741,127
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Hidden Gem! Unique private location on Thurston Point. 3 Bedroom, 2 bath colonial with reverse floor plan on beautiful, acre lot abutting private pond. 2nd floor with open concept living area, cathedral ceilings, wood and tile flooring, newer kitchen with cherry cabinets, granite counters, and stainless steel appliances, bedroom and full bath. 1st level with family room, 2 additional bedrooms and full bath with shower and hot tub room, French doors lead to wrap around 3 season porch, with wet bar and plenty of light. Great floor plan allows views of the surrounding garden areas and wildlife. River access,  Launch your kayak or your boat in the Annisquam River at the public launch just down the street.
Unit Size
2,302 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$191
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1975

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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 #72044267)

Price History

Date / Event Date Event Price
Nov 22, 2016 Sold
Premium
Sold
Jul 27, 2016 Listed by Vadala Real Estate $439,900
Listed by Vadala Real Estate
Dec 29, 1997 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,000
  • Gross Building Area: 4,822
  • Building Area: 3,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,000
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: 221800

Zoning

  • Zoning: R-10

Geography

  • Parcel: GLOU M:0098 B:0008 L:0000
  • Block: 8
  • Municipality: GLOUCESTER
  • Latitude: 42.6372
  • Longitude: -70.6826

    Address

  • Full Address: 8 Mako Dr
  • Address - House Number: 8
  • Address - Street Name: Mako
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C017
  • 4-Digit Zip Code: 1696
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,052,600

    Appraisal Valuation

  • Standard Deviation: 0.1593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,035,542
  • High Value: 1,200,564
  • Low Value: 870,519

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,081,800
  • Assessed Land Value: $275,700
  • Assessed Improvements Value: $806,100

    Sales

  • Current Sale Recording Date: Nov 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 596
  • Previous Sale Recording Date: Dec 29, 1997
  • Previous Sale Amount: $189,900
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72044267

Frequently Asked Questions

When was property at 8 Mako Drive built and last sold?
The property at 8 Mako Drive was built in 1975 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 8 Mako Drive is $481,173.
What are some comparable homes to 8 Mako Drive?
There are currently no comparable homes to 8 Mako Drive.
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