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Gloucester 01930
8 St. Louis Avenue
Photo of 8 St. Louis Avenue
Sold on Jul 27, 2007

1

Map

$679,000
● House - Off Market

8 St. Louis Avenue

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,949 Ft²
$1,377,270
RealtyHop Estimate
72.37%
Since Aug 1, 2007
National-US
Primary Model

About This Property

Location, location, location! Great entry into a beautiful Eastern Point neighborhood. Listen to the ocean waves crashing on the shore while enjoying spectacular views from both the house and yard with multiple large decks. Walk to Brace's Cove, Niles Beach and Greenbelt property within minutes. Three bedrooms, two full baths. House needs updating; move in and enjoy this summer while you plan your renovation!
Unit Size
1,949 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$410
Property Type
House
Property Taxes
$542
HOA Dues
-
Year Built
1949

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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: 6 months ago (MLSPIN #70568304)

Price History

Date / Event Date Event Price
Jul 27, 2007 Sold
Premium
Sold
Apr 30, 2007 Listed $799,000
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 1,887
  • Gross Building Area: 2,906
  • Building Area: 1,887
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,887
  • Heating Fuel Type: 3

    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: 221300

Zoning

  • Zoning: RC-40

Geography

  • Parcel: GLOU M:0134 B:0052 L:0000
  • Block: 52
  • Municipality: GLOUCESTER
  • Latitude: 42.5953
  • Longitude: -70.6516

    Address

  • Full Address: 8 Saint Louis Ave
  • Address - House Number: 8
  • Address - Street Name: Saint Louis
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C023
  • 4-Digit Zip Code: 4420
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,410,200

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 1,571,304
  • High Value: 1,812,114
  • Low Value: 1,330,494

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,449,300
  • Assessed Land Value: $809,600
  • Assessed Improvements Value: $639,700

    Sales

  • Current Sale Recording Date: Oct 22, 2009
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 27, 2007
  • Previous Sale Amount: $679,000
  • 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

$448

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2030 ft²

Average Home Age

81 years

Currently For Sale

88 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: 6 months ago
Data Source: MLS PIN, MLS# 70568304

Frequently Asked Questions

When was property at 8 St Louis Avenue built and last sold?
The property at 8 St Louis Avenue was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8 St Louis Avenue is $807,688.
What are some comparable homes to 8 St Louis Avenue?
There are currently no comparable homes to 8 St Louis Avenue.
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