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Gloucester 01930
979 & 979R Washington St
$725,000
● House - Off Market

979 & 979R Washington St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,134 Ft²
$754,831
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Wow, nine (9) acres of land in beautiful Lanesville steps to Plum Cove Beach. There are endless possibilities for this property.  The original Circa 1860 Farmhouse with craftsmanship, fir floors, wainscoting, moldings. New roof in 2020, needs updating and restoration, currently rented, limited access to the house.  There are two roomy bedrooms on the second floor, and one small twin bed size room. Land consists of two (2) lots, one 5 acres and one 4 acres. There is 132 feet of frontage, a side lot 10' Right of Way, depth is approximately 1,095 linear feet. Zoning is mixed R20 and R80, some wetlands on the premises. Elevated areas do have ocean views. Please see attached surveys.  Seasonal ocean views and spectacular sunsets!
Unit Size
1,134 Ft²
Days on Market
-
Land Size
8.96 acres
Price per sqft
$660
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
-

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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 #72837667)

Price History

Date / Event Date Event Price
May 12, 2022 Sold
Premium
Sold
May 25, 2021 Listed by Holly C & Co. Fine Homes $749,000
Listed by Holly C & Co. Fine Homes

Property Highlights

Parking Available

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 169,884
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000003900
  • Standard Land Use Code: 8015
  • County Land Use Code: 132

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221100

Zoning

  • Zoning: R-80

Geography

  • Parcel: GLOU M:0155 B:0017 L:0000
  • Block: 17
  • Municipality: GLOUCESTER
  • Latitude: 42.6711
  • Longitude: -70.6643

    Address

  • Full Address: 979r Washington St
  • Address - House Number: 979r
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C026
  • 4-Digit Zip Code: 1155
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $24,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $25,300
  • Assessed Land Value: $25,300

    Sales

  • Current Sale Contract Date: May 12, 2022
  • Current Sale Recording Date: May 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220512002290
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72837667

Frequently Asked Questions

When was property at 979 Washington Street built and last sold?
The property at 979 Washington Street was built in and last sold on May 12, 2022 for $720,000.
How much is this home worth?
The estimated value of the home located at 979 Washington Street is $746,384.
What are some comparable homes to 979 Washington Street?
There are currently no comparable homes to 979 Washington Street.
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