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Gloucester 01930
81 Prospect St
$515,000
● House - Off Market

81 Prospect St

Gloucester, MA 01930
bedrooms
7 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,384 Ft²
$832,003
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Stately 1800's sea captain's home currently used for professional offices but easily converted back to a residence. 12 large rooms (some with harbor views) on 3 floors plus full basement with exterior access, rooftop Widow's Walk overlooking downtown and Gloucester Harbor. 2 car garage and parking for 5 or 6 more. Ample room for InLaw apartment.
Unit Size
3,384 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$163
Property Type
House
Property Taxes
$461
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 #72325856)

Price History

Date / Event Date Event Price
Aug 7, 2018 Sold
Premium
Sold
May 13, 2018 Listed by RE/MAX At The Coast $550,000
Listed by RE/MAX At The Coast
Dec 15, 2003 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,366
  • Garage Type: 13
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,744
  • Total Building Area: 3,189
  • Gross Building Area: 5,603
  • Building Area: 3,189
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,189
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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: 221500

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0014 B:0008 L:0000
  • Block: 8
  • Municipality: GLOUCESTER
  • Latitude: 42.6152
  • Longitude: -70.6616

    Address

  • Full Address: 81 Prospect St
  • Address - House Number: 81
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C011
  • 4-Digit Zip Code: 3095
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $794,400

    Appraisal Valuation

  • Standard Deviation: 0.1595
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 818,638
  • High Value: 949,275
  • Low Value: 688,001

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $816,400
  • Assessed Land Value: $154,000
  • Assessed Improvements Value: $662,400

    Sales

  • Current Sale Recording Date: Aug 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180807003540
  • Previous Sale Recording Date: Dec 15, 2003
  • Previous Sale Amount: $350,000
  • 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:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1906 ft²

Average Home Age

79.6 years

Currently For Sale

89 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72325856

Frequently Asked Questions

When was property at 81 Prospect Street built and last sold?
The property at 81 Prospect Street was built in 1900 and last sold on Jan 1, 1970 for $515,000.
How much is this home worth?
The estimated value of the home located at 81 Prospect Street is $552,776.
What are some comparable homes to 81 Prospect Street?
There are currently no comparable homes to 81 Prospect Street.
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