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Gloucester 01930
873 Washington Street
$350,000
● House - Off Market

873 Washington Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,455 Ft²
$546,390
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Character abounds in this 3 bed, 3 bath Bayview Colonial! The 1st level features an open and spacious living room, fully applianced kitchen, and adjacent dining area with slider that leads to a private brick patio and carefree yard.  A separate home office, music room and full bath complete the main level. On the 2nd level there are two quaint bedrooms, a quiet study with skylight and balcony, and a large bath with shower, claw foot tub and laundry area. A skylit master bedroom occupies the 3rd level with private bath, hardwood floors and walk-in closet. Many classic details include a front covered porch, original wide pine floors and custom built-ins throughout. Priced well below assessed value. This happy, eclectic home just needs a little polish to make it shine!
Unit Size
1,455 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$258
Property Type
House
Property Taxes
$434
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: 4 months ago (MLSPIN #72579320)

Price History

Date / Event Date Event Price
Jan 29, 2020 Sold
Premium
Sold
Oct 13, 2019 Listed by Keller Williams Realty Evolution $375,000
Listed by Keller Williams Realty Evolution
Oct 25, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,585
  • Total Building Area: 1,455
  • Gross Building Area: 2,324
  • Building Area: 1,455
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,455
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000312
  • 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: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0126 B:0011 L:0000
  • Block: 11
  • Municipality: GLOUCESTER
  • Latitude: 42.6638
  • Longitude: -70.6691

    Address

  • Full Address: 873 Washington St
  • Address - House Number: 873
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C026
  • 4-Digit Zip Code: 1241
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $557,800

    Appraisal Valuation

  • Standard Deviation: 0.1851
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 638,774
  • High Value: 757,030
  • Low Value: 520,517

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $573,300
  • Assessed Land Value: $248,100
  • Assessed Improvements Value: $325,200

    Sales

  • Current Sale Contract Date: Jan 24, 2020
  • Current Sale Recording Date: Jan 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200129001890
  • Previous Sale Recording Date: Oct 25, 2002
  • Previous Sale Amount: $295,000
  • 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

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# 72579320

Frequently Asked Questions

When was property at 873 Washington Street built and last sold?
The property at 873 Washington Street was built in 1900 and last sold on Jan 24, 2020 for $350,000.
How much is this home worth?
The estimated value of the home located at 873 Washington Street is $396,185.
What are some comparable homes to 873 Washington Street?
There are currently no comparable homes to 873 Washington Street.
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