$607,500
●
Condo -
Off Market
14 Atlantic Road #2
Gloucester, MA 01930
3 Beds
3 Baths,
1
Half Bath
1,602 Ft²
$1,098,562
RealtyHop Estimate
71.65%
Since Jul 1, 2007
National-US
Primary Model
About This Property
To be built 3 bedroom, 2.5 bath townhouse in East Gloucester.
Located near Good Harbor Beach. Condo conversion within the
former Gray Manor Inn.
Unit Size
1,602 Ft²
Days on Market
-
Land Size
-
Price per sqft
$400
Property Type
Condo
Property Taxes
-
HOA Dues
-
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 #70525648)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2007 | Sold | ||
| Sold | |||
| Feb 13, 2007 | Listed by Coldwell Banker Realty - Manchester | $640,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
Property Highlights
Air Conditioning
Interior Details
Level: First
Level: Second
Features: Bathroom - Full
Level: Second
Features: Bathroom - Half
Level: First
Level: First
Features: Bathroom - Full
Level: Second
Level: Second
Level: Third
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Deeded
Exterior Details
Entry Level: 1
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Gray Manor Condominium
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R-2
Parcel Number: 1897244
Water Source: Public, City/Town Water, City/Town Sewer
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
05/18/2017
|
2 Bed
|
2 Bath
|
1127 ft²
|
$529,000
2 Bed
2 Bath
1127 ft²
|
$500,000
-5.48%
06/27/2017
|
Ron Goulart and Jennifer Anderson
RE/MAX 360
| |
|
12/28/2015
|
2 Bed
|
2 Bath
|
1045 ft²
|
$514,900
2 Bed
2 Bath
1045 ft²
|
$500,000
-2.89%
06/23/2016
|
Nicolette Vanstigt
Coldwell Banker Realty - Gloucester
| |
|
04/01/2015
|
2 Bed
|
2 Bath
|
1019 ft²
|
$485,000
2 Bed
2 Bath
1019 ft²
|
$485,000
08/24/2015
|
Darryl Del Torchio Motzi
Churchill Properties
| |
|
01/31/2014
|
2 Bed
|
2 Bath
|
1127 ft²
|
$499,000
2 Bed
2 Bath
1127 ft²
|
$485,000
-2.81%
03/27/2014
|
Ron Goulart and Jennifer Anderson
RE/MAX 360
| |
|
02/13/2007
|
3 Bed
|
3 Bath
|
1602 ft²
|
$640,000
3 Bed
3 Bath
1602 ft²
|
$607,500
-5.08%
06/01/2007
|
Nancy Winslow
Coldwell Banker Realty - Manchester
| |
|
05/25/2006
|
2 Bed
|
2 Bath
|
1090 ft²
|
$449,900
2 Bed
2 Bath
1090 ft²
|
$444,000
-1.31%
09/29/2006
|
Diane King
Homebin Discount Realty
| |
|
01/11/2005
| |
11 Bed
|
4 Bath
|
5360 ft²
|
$1,099,000
11 Bed
4 Bath
5360 ft²
|
$955,000
-13.10%
03/31/2005
|
Ron Goulart and Jennifer Anderson
RE/MAX 360
|
Building Info
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