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Gloucester 01930
9 Gerring Road
$500,000
● House - Off Market

9 Gerring Road

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,664 Ft²
$994,175
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
Primary Model

About This Property

Centered in the heart of East Gloucester, where art and nature combine to create a uniquely vibrant and welcoming community, this beautiful four bedroom home will meet all the desires of the contemplative or active homeowner alike. Natural attractions abound-beaches, sea kayaking, the spectacular vistas of the back shore-and the neighborhood is dotted by cultural icons such as Bass Rocks Country Club, Gloucester Stage Company, and Rocky Neck Art Colony, and countless restaurants, cafes, and lively night spots. The house itself is equally complete and self-contained: recent renovations include addition of a new kitchen, half-bath, and radiant heat on the first floor, as well as newly refinished floors, newly painted interior and exterior, and a new deck off the rear of the home. All you need to add is yourself...
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$306
Property Type
House
Property Taxes
$377
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 #71602982)

Price History

Date / Event Date Event Price
Dec 6, 2013 Sold
Premium
Sold
Oct 30, 2013 Listed by By The Sea Sotheby's International Realty $510,000
Listed by By The Sea Sotheby's International Realty
May 24, 2006 Sold
Premium
Sold
Sep 30, 2005 Listed by By The Sea Sotheby's International Realty $525,000
Listed by By The Sea Sotheby's International Realty
Jun 30, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 942
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,372
  • Total Building Area: 1,776
  • Gross Building Area: 3,770
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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: R-10

Geography

  • Parcel: GLOU M:0080 B:0009 L:0000
  • Block: 9
  • Municipality: GLOUCESTER
  • Latitude: 42.6052
  • Longitude: -70.6526

    Address

  • Full Address: 9 Gerring Rd
  • Address - House Number: 9
  • Address - Street Name: Gerring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C027
  • 4-Digit Zip Code: 4250
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $774,600

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 850,819
  • High Value: 998,372
  • Low Value: 703,266

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $796,100
  • Assessed Land Value: $277,400
  • Assessed Improvements Value: $518,700

    Sales

  • Current Sale Recording Date: Dec 06, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: May 24, 2006
  • Previous Sale Amount: $525,000
  • 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

1928 ft²

Average Home Age

77.9 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71602982

Frequently Asked Questions

When was property at 9 Gerring Road built and last sold?
The property at 9 Gerring Road was built in 1900 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 9 Gerring Road is $534,072.
What are some comparable homes to 9 Gerring Road?
There are currently no comparable homes to 9 Gerring Road.
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