$322,000
●
Condo -
Off Market
138-2 Main Street #2
Gloucester, MA 01930
2 Beds
2 Baths,
1
Half Bath
1,267 Ft²
$570,670
RealtyHop Estimate
68.34%
Since Jun 1, 2006
National-US
Primary Model
About This Property
LUXURY unit! Roof Top Deck & panoramic Harbor views!! Brand NEW
construction, top quality throughout: Ceramic tile & hardwood
floors, granite counters, basin sink, copper ceiling, Cherry
cabinets, stainless appliances, gas-powered marble fireplace with
Purple Heart trim, crown moldings, Central Air!! Sliders off both
bedrooms leading to exclusive-use deck. Spiral staircase leading to
observatory deck on roof! Luxury living in the heart of downtown
Gloucester by shops & restaurants!
Unit Size
1,267 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$268
Property Type
Condo
Property Taxes
-
HOA Dues
$120
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 years ago (MLSPIN #70307950)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2019 | Sold | ||
| Sold | |||
| Mar 14, 2019 | Listed by Coldwell Banker Realty - Gloucester | $399,999 | |
| Listed by Coldwell Banker Realty - Gloucester | |||
| | |||
|
Nestled in downtown Gloucester is a delightful 2-bedroom 2-bath condo that is fresh to the market. This unit has an open concept layout with a kitchen and breakfast bar that flows into a living room with a cozy fireplace. The galley kitchen has granite countertops with a unique tile ceiling and backsplash that is reminiscent of historic architecture. Open the glass French doors off of the bedrooms to let the salty ocean air waft through, or head out to your private porch retreat. Perfect for entertaining or soaking in the ambience of the city below. Head up a level from your porch to a shared roof deck with 360-degree views, including those of the historic harbor and waterfront. Also included are central office space, in-unit washer dryer, and assigned storage in the basement. Here’s your front-row pass to all that downtown Gloucester has to offer from delicious restaurants, entertaining festivals, famed Boulevard, beaches, and exciting nightlife.
| |||
| Aug 8, 2017 | Sold | ||
| Sold | |||
| Apr 26, 2017 | Listed by RE/MAX 360 | $379,000 | |
| Listed by RE/MAX 360 | |||
| | |||
|
The perfect anchorage in the heart of downtown Gloucester, this two-bedroom condominium offers the convenience of city living and a private spot to savor the beauty of Cape Ann, nestled amid the town’s burgeoning night life and only moments from famed Pavillion Beach. With peaks of the working harbor and a roof top deck offering 360 degree views of the city and sea, this spacious open concept residence is surrounded by restaurants, cafes, art galleries, museums, and shopping, and a short walk from the Boulevard, Stage Fort Park and other area attractions. A self-contained landing spot with a little something for everyone, particularly those considering downsizing, it is the ideal platform for organizing weekend adventures whether you seek a seasonal or year-round retreat. A large covered deck off both bedrooms provides an extension of the living space on warm, sunny afternoons. Assigned basement storage
| |||
| Aug 4, 2015 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Fireplace
Interior Details
Level: Second
Features: Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid
Level: Second
Features: Bathroom - Half
Level: Second
Features: Ceiling Fan(s), Flooring - Hardwood, Balcony / Deck
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: Second
Length: 16
Level: Second
Area: 320
Features: Ceiling Fan(s), Flooring - Hardwood, Dining Area
Width: 20
Features: Ceiling Fan(s), Flooring - Hardwood, Balcony / Deck
Level: Second
Level: Second
Features: Flooring - Hardwood
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Office
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Plumbed For Ice Maker, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Flooring - Hardwood
Laundry Features: Second Floor, Washer Hookup
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: 138 Main Street Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Area: 0.05
Lot Size Units: Acres
Lot Size Acres: 0.05
Zoning: CB
Parcel Number: 1893795
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: 8
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air, Whole House Fan
Heating Type: Central, Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure
HOA Fee: $120
Community Features: Public Transportation, Shopping
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 |
|---|---|---|---|---|---|---|---|
|
03/14/2019
|
2 Bed
|
1 Bath
|
1267 ft²
|
$399,999
2 Bed
1 Bath
1267 ft²
|
$399,999
04/17/2019
|
Ron Goulart & Jennifer Anderson
RE/MAX Beacon
| |
|
04/26/2017
|
2 Bed
|
2 Bath
|
1267 ft²
|
$379,000
2 Bed
2 Bath
1267 ft²
|
$379,000
08/08/2017
|
Amanda Armstrong
Engel & Volkers By The Sea
| |
|
05/06/2015
|
2 Bed
|
2 Bath
|
1267 ft²
|
$328,000
2 Bed
2 Bath
1267 ft²
|
$319,000
-2.74%
08/04/2015
|
Amanda Armstrong
Engel & Volkers By The Sea
| |
|
12/29/2005
|
2 Bed
|
2 Bath
|
1267 ft²
|
$339,000
2 Bed
2 Bath
1267 ft²
|
$322,000
-5.01%
05/03/2006
|
Mark Vadala
Vadala Real Estate
|
Building Info
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