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Gloucester 01930
880 Washington St
$340,000
● House - Off Market

880 Washington St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,059 Ft²
$556,170
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

A great opportunity to snap up a beautiful, detached Victorian  in the lovely Bay View area of Gloucester. Whilst this property needs some work, the layout is a delight and the potential is enormous. Short distances from Hodgkins Cove and Plum Cove Beach, this property is set in a prime location.
Unit Size
2,059 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$170
Property Type
House
Property Taxes
$360
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 #72209846)

Price History

Date / Event Date Event Price
Oct 23, 2017 Sold
Premium
Sold
Aug 7, 2017 Listed by Coldwell Banker Residential Brokerage - Gloucester $349,900
Listed by Coldwell Banker Residential Brokerage - Gloucester
Mar 20, 2000 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,068
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,240
  • Total Building Area: 2,059
  • Gross Building Area: 3,903
  • Building Area: 2,059
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,059
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000097
  • 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:0026 L:0000
  • Block: 26
  • Municipality: GLOUCESTER
  • Latitude: 42.6646
  • Longitude: -70.6686

    Address

  • Full Address: 880 Washington St
  • Address - House Number: 880
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C019
  • 4-Digit Zip Code: 1243
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $571,400

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 602,109
  • High Value: 705,261
  • Low Value: 498,956

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $587,300
  • Assessed Land Value: $182,400
  • Assessed Improvements Value: $404,900

    Sales

  • Current Sale Recording Date: Oct 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 171023002140
  • Previous Sale Recording Date: Mar 20, 2000
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72209846

Frequently Asked Questions

When was property at 880 Washington Street built and last sold?
The property at 880 Washington Street was built in 1900 and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 880 Washington Street is $388,908.
What are some comparable homes to 880 Washington Street?
There are currently no comparable homes to 880 Washington Street.
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