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Gloucester 01930
951 Washington Street
$322,000
● House - Off Market

951 Washington Street

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
780 Ft²
$482,023
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Beautiful WATERVIEWS ...all the way to Cranes and Castle Hill ! A wonderful place to hang your hat year round or seasonal. Just stroll across the street where you can  swim, kayak, fish or picnic at Hodgkins Cove.  Main living area has windows all around taking full advantage of the view. A functional kitchen opening to rear patio and great terraced back yard with more oceanviews.  Wake up to the water and snooze to the sunsets from the master bedroom. A walk up third floor attic . Expand into more living space should you chose. Endless possibilities await. while you can still enjoy the living space that this Little Red House offers. Local History rumor has it that this was once a quarryworker home built over a hundred years ago.
Unit Size
780 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$435
Property Type
House
Property Taxes
$274
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 #72615334)

Price History

Date / Event Date Event Price
Apr 3, 2020 Sold
Premium
Sold
Feb 4, 2020 Listed by J. Barrett & Company $339,000
Listed by J. Barrett & Company
Sep 24, 2010 Sold
Premium
Sold
Mar 10, 2010 Listed by J. Barrett & Company $240,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 135
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,300
  • Total Building Area: 780
  • Gross Building Area: 1,576
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 780
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000053
  • 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:0157 B:0023 L:0000
  • Block: 23
  • Municipality: GLOUCESTER
  • Latitude: 42.6692
  • Longitude: -70.666

    Address

  • Full Address: 951 Washington St
  • Address - House Number: 951
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C026
  • 4-Digit Zip Code: 1254
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $402,200

    Appraisal Valuation

  • Standard Deviation: 0.1721
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 521,472
  • High Value: 611,239
  • Low Value: 431,706

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $413,400
  • Assessed Land Value: $190,000
  • Assessed Improvements Value: $223,400

    Sales

  • Current Sale Contract Date: Mar 29, 2020
  • Current Sale Recording Date: Apr 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200403003980
  • Previous Sale Recording Date: Sep 24, 2010
  • Previous Sale Amount: $211,000
  • 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# 72615334

Frequently Asked Questions

When was property at 951 Washington Street built and last sold?
The property at 951 Washington Street was built in 1900 and last sold on Mar 29, 2020 for $322,000.
How much is this home worth?
The estimated value of the home located at 951 Washington Street is $339,475.
What are some comparable homes to 951 Washington Street?
There are currently no comparable homes to 951 Washington Street.
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