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Gloucester 01930
989 Washington Street
$510,000
● House - Off Market

989 Washington Street

Gloucester, MA 01930
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,914 Ft²
$930,234
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

Completely renovated 4-5 bedroom, 3.5 bath Colonial home near Annisquam Village and just a short walk to Lanesville's fabled Plum Cove Beach (phenomenal summer sunsets across Ipswich Bay!). Open plan living on main floor includes kitchen/dining room with granite counter-tops, breakfast bar, stainless steel appliances, large living room with decorative hardwood floors, powder room and an inviting 3 season porch. Unique wood wainscoting leads to the second floor offering 3 bedrooms and a large full bath with laundry. The top floor boasts a master suite with double closets, a dressing or office area, master bath & seasonal water views.  Two room In-law/au pair suite or home office with full bath and separate covered porch entrance on lower level.
Unit Size
1,914 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$287
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1920

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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 #71965352)

Price History

Date / Event Date Event Price
Jul 7, 2016 Sold
Premium
Sold
Mar 1, 2016 Listed by J. Barrett & Company $549,900
Listed by J. Barrett & Company
Sep 28, 2007 Sold
Premium
Sold
Jul 30, 2007 Listed by J. Barrett & Company $339,000
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 638
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,740
  • Total Building Area: 1,914
  • Gross Building Area: 2,932
  • Building Area: 1,914
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,914
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000315
  • 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:0156 B:0025 L:0000
  • Block: 25
  • Municipality: GLOUCESTER
  • Latitude: 42.6719
  • Longitude: -70.6642

    Address

  • Full Address: 989 Washington St
  • Address - House Number: 989
  • 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: $722,800

    Appraisal Valuation

  • Standard Deviation: 0.174
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 910,143
  • High Value: 1,068,527
  • Low Value: 751,760

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $742,900
  • Assessed Land Value: $248,800
  • Assessed Improvements Value: $494,100

    Sales

  • Current Sale Recording Date: Jul 07, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 260
  • Previous Sale Recording Date: Sep 28, 2007
  • Previous Sale Amount: $279,000
  • 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# 71965352

Frequently Asked Questions

When was property at 989 Washington Street built and last sold?
The property at 989 Washington Street was built in 1920 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 989 Washington Street is $570,267.
What are some comparable homes to 989 Washington Street?
There are currently no comparable homes to 989 Washington Street.
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