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Gloucester 01930
8 Myrtle Square
$315,000
● House - Off Market

8 Myrtle Square

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
780 Ft²
$474,913
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Cozy 3 bedroom centrally located Colonial. Hardwood floors; remodeled kitchen with granite countertops and stainless steel appliances. Move in condition. Roof replaced on one side in 2019. The other side is 10 years young. Quick access to T Station, highway and downtown shopping. Off street parking available across the street. Excellent starter or down-sizer home.
Unit Size
780 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$428
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1900

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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 months ago (MLSPIN #72625944)

Price History

Date / Event Date Event Price
Apr 30, 2020 Sold
Premium
Sold
Feb 29, 2020 Listed by Coldwell Banker Residential Brokerage - Gloucester $334,000
Listed by Coldwell Banker Residential Brokerage - Gloucester
Oct 30, 1997 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 7
  • Basement Area: 520
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,716
  • Total Building Area: 780
  • Gross Building Area: 1,632
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 780
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000039
  • 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:0024 B:0036 L:0000
  • Block: 36
  • Municipality: GLOUCESTER
  • Latitude: 42.618
  • Longitude: -70.6688

    Address

  • Full Address: 8 Myrtle Sq
  • Address - House Number: 8
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Sq
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C002
  • 4-Digit Zip Code: 3537
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $385,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $395,700
  • Assessed Land Value: $111,700
  • Assessed Improvements Value: $284,000

    Sales

  • Current Sale Contract Date: Apr 23, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200430002920
  • Previous Sale Recording Date: Oct 30, 1997
  • Previous Sale Amount: $102,000
  • 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:

$699,000

Sale Price/ft²

$444

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2014 ft²

Average Home Age

81.4 years

Currently For Sale

96 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72625944

Frequently Asked Questions

When was property at 8 Myrtle Square built and last sold?
The property at 8 Myrtle Square was built in 1900 and last sold on Apr 23, 2020 for $315,000.
How much is this home worth?
The estimated value of the home located at 8 Myrtle Square is $339,427.
What are some comparable homes to 8 Myrtle Square?
There are currently no comparable homes to 8 Myrtle Square.
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