12 Edgemoor Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| May 16, 2024 | Listed by LandVest, Inc., Manchester -by-the-Sea | $2,695,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
| Nov 21, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 12, 2023 | Listed by Engel & Volkers By the Sea | $3,250,000 | |
| Listed by Engel & Volkers By the Sea | |||
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Nestled on prestigious Eastern Point in Gloucester, this stunning brick mansion offers a rare opportunity to own a piece of history. Built in 1916, no expense was spared in creating a masterpiece of architecture and design. Perfect for entertaining, this exquisite property boasts spacious rooms, including nine bedrooms, seven bathrooms, and four fireplaces. The home features elegant details such as hardwood floors, crown moldings, stained glass windows, and a grand staircase. The sunroom opens to a secluded terrace, where you can enjoy views of the pool, granite outcroppings and gardens. The property also includes a carriage house with a one-bedroom apartment, perfect for guests or staff. With Eastern Point Yacht Club, Bass Rocks Golf and Tennis Club and Beverly Regional Airport minutes away, the location is ideal for those looking for a vibrant lifestyle by the sea. 12 Edgemoor Road is a rare gem in one of the most sought after locations in Gloucester.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017