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Gloucester 01930
9 Salt Marsh Lane
$550,000
● House - Off Market

9 Salt Marsh Lane

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,322 Ft²
$1,004,940
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

DEEDED RIGHTS TO SPECTACULAR COFFIN / WINGAERSHEEK BEACH! This Charming Colonial features eight rooms with a Bright Foyer which opens up to the Formal Living Room and Dining Room. The Spacious Kitchen offers Granite Counter Tops, Breakfast Bar and Stainless Steel Appliances. The Family Room has a Cathedral Ceiling and a Fireplace with a Fan Heatalator. The Master Suite has a Walk-in Closet, Marble throughout the Master Bath with a Jacuzzi Tub.  Beautifully lighted Landscaped Grounds with Perennial Gardens, Central Lawn Sprinkler System with State of the Art control, Tiered Decks, Koi pond and a Gazebo.  Many extras including: Central Air and Vac., Automatic Interior Lighting, brand new Anderson Windows, Partially Finished Full Basement, Two Car Garage, Outdoor Shower & Sheds.
Unit Size
2,322 Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$256
Property Type
House
Property Taxes
$707
HOA Dues
-
Year Built
1994

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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 #71924640)

Price History

Date / Event Date Event Price
Aug 26, 2016 Sold
Premium
Sold
Oct 26, 2015 Listed by Coldwell Banker Residential Brokerage - Newburyport $595,000
Listed by Coldwell Banker Residential Brokerage - Newburyport
Jul 18, 1997 Sold
Premium
Sold
Apr 9, 1996 Listed $329,000
Listed
NEW CHARMING 8 ROOM COLONIAL WITH NUMEROUS CUSTOM FEATURES INCLUDING MARBLE FIREPLACE IN LIVING ROOM, H.W. FLOORS, 2.5 BATHROOMS, 2 CAR GARAGE, DEEDED WATER RIGHTS TO PRIVATE SECTION OF WINGAERSHEEK BEACH.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • 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: 1,036
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,874
  • Total Building Area: 2,322
  • Gross Building Area: 4,388
  • Building Area: 2,322
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,322
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000732
  • 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: 221902

Zoning

  • Zoning: R-80

Geography

  • Parcel: GLOU M:0254 B:0067 L:0000
  • Block: 67
  • Municipality: GLOUCESTER
  • Latitude: 42.6452
  • Longitude: -70.705

    Address

  • Full Address: 9 Salt Marsh Ln
  • Address - House Number: 9
  • Address - Street Name: Salt Marsh
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C021
  • 4-Digit Zip Code: 1573
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $887,100

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 967,542
  • High Value: 1,135,338
  • Low Value: 799,747

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $911,700
  • Assessed Land Value: $283,000
  • Assessed Improvements Value: $628,700

    Sales

  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 684
  • Previous Sale Recording Date: Jul 18, 1997
  • Previous Sale Amount: $314,000
  • 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

1913 ft²

Average Home Age

81.9 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71924640

Frequently Asked Questions

When was property at 9 Salt Marsh Lane built and last sold?
The property at 9 Salt Marsh Lane was built in 1994 and last sold on Jan 1, 1970 for $550,000.
How much is this home worth?
The estimated value of the home located at 9 Salt Marsh Lane is $627,736.
What are some comparable homes to 9 Salt Marsh Lane?
There are currently no comparable homes to 9 Salt Marsh Lane.
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