12 Smith's Point 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%.
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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 |
|---|---|---|---|
| Jul 14, 2020 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by LandVest, Inc., Manchester -by-the-Sea | $10,250,000 | |
| Listed by LandVest, Inc., Manchester -by-the-Sea | |||
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Located on 3± acres on private Smith's Point, this oceanfront property features an updated & expanded 6,000 sf residence & a WWII watchtower recently transformed into 2,000 sf of living quarters with private beach. This newly re-built home has an open floor plan with chef’s kitchen, master bed with master bath, soaking tub, walk-in closet and ocean-facing balcony. There are state-of-the art systems and expansive Mahogany decking with views of the Atlantic Ocean. The extensively landscaped grounds feature a tennis court, lap pool with built-in spa and infinity edge, waterview gazebo with fireplace, full outdoor kitchen and bar, outdoor waterfall, koi pond, outdoor shower. The towering 11 story WWII submarine tower offers sweeping views to Boston, Gloucester, the South Shore, and all of Manchester Harbor.Additional outbuildings include a separate new 2-car garage with bath and movie theatre with bathroom.
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| Feb 19, 2014 | Sold | ||
| Sold | |||
| Aug 26, 2009 | Sold | ||
| Sold | |||
| May 18, 2009 | Listed by J. Barrett & Company | $3,200,000 | |
| Listed by J. Barrett & Company | |||
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Located on Manchester's exclusive Smith's Point, Tower House features the iconic "Lighthouse", a long time landmark for North Shore boaters as well as an expansive 4 bedroom Cape. This home is relaxed, spacious and built for entertaining. Enjoy waterviews from the large private deck, a tennis court, inground pool, deeded rights to private Long Beach Association include dock and mooring rights in Manchester Harbor.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017