$1,700,000
●
Condo -
Off Market
12 Shore Rd #1
Gloucester, MA 01930
4 Beds
4 Baths,
1
Half Bath
3,579 Ft²
$3,016,372
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model
About This Property
This spectacular oceanfront home comes to market for the first time
in over 60 years. Built in 1920, and owned by only a few families
since, this condominium lives like a single family and delivers a
noble presentation inside and out. Your welcome home will take your
breath away, as you enter to behold a wall of windows directly
facing the sea. This residence is handsome in its old world
details, yet refreshed to a contemporary, coastal aesthetic, and
enjoys many recent upgrades and renovations. Almost every
room has a sweeping, awe-inspiring view of the ocean crashing on
the rocky coastline below. 4 large bedrooms accommodate
comfortably, including the master bedroom with walk-in closet and
brand new master bath. Take in the view in several
private spaces - on your enclosed stone porch, spacious open
deck off the kitchen, or private yard. Shore Road is widely
regarded amongst locals as one of the most beautiful roads to walk
on the North Shore. Truly an extraordinary offering
Unit Size
3,579 Ft²
Days on Market
-
Land Size
-
Price per sqft
$517
Property Type
Condo
Property Taxes
$1,058
HOA Dues
$500
Year Built
-
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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: 5 years ago (MLSPIN #72072532)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2017 | Sold | ||
| Sold | |||
| Sep 24, 2016 | Listed by Compass | $1,850,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Parking Available
Fireplace
Interior Details
Level: Main
Features: Cathedral Ceiling(s), Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove
Level: Second
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid, Recessed Lighting, Remodeled
Level: Second
Features: Cathedral Ceiling(s), Closet, Flooring - Wall to Wall Carpet
Features: Cathedral Ceiling(s), Flooring - Wall to Wall Carpet, Window(s) - Picture
Level: Third
Features: Bathroom - Half, Closet, Flooring - Hardwood, Window(s) - Picture, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled
Level: Main
Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Countertops - Stone/Granite/Solid
Level: Second
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled
Level: Second
Level: Fourth Floor
Features: Cathedral Ceiling(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Level: Main
Features: Flooring - Hardwood, Window(s) - Picture, French Doors, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled
Level: Main
Features: Closet, Flooring - Hardwood, Cable Hookup, Exterior Access, Recessed Lighting, Remodeled
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Third
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bathroom - Half, Bathroom
Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Oil Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
Laundry Features: Pantry, Main Level, Exterior Access, Walk-in Storage, First Floor, In Unit
Rooms: 9
Has Fireplace
Fireplace Features: Living Room, Master Bedroom
Fireplaces: 3
Basement: N
Parking Details
Has Garage
Parking Features: Detached, Storage, Off Street
Garage Spaces: 2
Exterior Details
Has Property Attached
Entry Level: 1
Security Features: Security System
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Condominium
Structure Type: 2/3 Family, Attached
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame, Stone
Patio and Porch Features: Porch, Screened, Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R-20
Parcel Number: 1901834
Water Source: Public
Financial Details
Tax Annual Amount: $12,700
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer
Cooling Type: None
Heating Type: Baseboard, Oil
Sewer : Holding Tank
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Snow Removal
HOA Fee: $500
Community Features: Shopping, Tennis Court(s), Walk/Jog Trails, Highway Access
Pets Allowed: Yes
Complex is Completed
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/24/2016
|
4 Bed
|
4 Bath
|
3579 ft²
|
$1,850,000
4 Bed
4 Bath
3579 ft²
|
$1,700,000
-8.11%
04/11/2017
|
Karen Hanson
Engel & Volkers By The Sea
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017