$300,000
●
Condo -
Off Market
15 Flume Road #5
Gloucester, MA 01930
2 Beds
2 Baths,
1
Half Bath
1,330 Ft²
$576,005
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model
About This Property
Be part of the revitalization of Magnolia! Located at the
intersection of Lexington Ave and Flume Road, this is an end unit
townhouse with five rooms, including two bedrooms and one and one
half baths. Each level has a deck facing the ocean with
waterviews on the upper level. A one car garage is accessed
internally plus one outside assigned parking space. In-unit
storage and laundry area. Southern exposure plus end unit
windows and sky lights generate plenty of natural light.
Central Air and ample room with over 1,300 sq. ft. of living
space. Passed title 5. Walk to the beach, open ocean,
restaurants and shopping. Made to enjoy life!
Unit Size
1,330 Ft²
Days on Market
-
Land Size
-
Price per sqft
$232
Property Type
Condo
Property Taxes
$261
HOA Dues
$300
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 #71685159)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 14, 2024 | In contract | - | |
| In contract | |||
| Oct 28, 2024 | Listed by LPT Realty - Home & Key Group | $625,000 | |
| Listed by LPT Realty - Home & Key Group | |||
| | |||
|
AMAZING LOCATION ! End unit Condo: Relax and Enjoy this coastal condo in the Magnolia community of Gloucester. The famous and beautiful Magnolia Beach is nearby, and parks and nature reserves provide opportunities for hiking and birdwatching. shops, local eateries, and art galleries that reflect the town’s rich maritime history with scenic beach walks just minutes away, makes this townhouse is a perfect spot close to the sea. This home features spacious bedrooms, garage with basement area for storage and laundry,eat in kitchen with granite countertops, front to back living room where there are sliders to the deck. Distant water views from the deck. Easy commute -short drive to Route 128.
| |||
| Oct 1, 2014 | Sold | ||
| Sold | |||
| May 21, 2014 | Listed by Coldwell Banker Realty - Manchester | $309,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile, Breakfast Bar / Nook
Level: First
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: Second
Features: Flooring - Wall to Wall Carpet
Features: Flooring - Hardwood, Open Floorplan
Level: First
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: Second
Features: Flooring - Wall to Wall Carpet, Balcony / Deck, Slider
Level: Second
Level: First
Features: Flooring - Hardwood, Balcony / Deck, Open Floorplan, Slider
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Storage
Appliances: Range, Dishwasher, Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet, Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup, In Basement, In Unit
Rooms: 5
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Assigned
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Magnolia Harbor Condominium
Structure Type: Townhouse
Stories (Total): 2
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 Units: Acres
Zoning: VB
Parcel Number: 1902075
Water Source: Public
Financial Details
Tax Assessed Value: $241,300
Tax Annual Amount: $3,132
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air, Heat Pump
Heating Type: Heat Pump, Electric
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $300
Community Features: Public Transportation, Shopping, Park, House of Worship
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
10/28/2024
|
2 Bed
|
2 Bath
|
1329 ft²
|
$625,000
2 Bed
2 Bath
1329 ft²
|
$585,000
-6.40%
12/16/2024
|
Lori Lincoln
Keller Williams - Easton
| |
|
05/09/2024
|
2 Bed
|
2 Bath
|
1315 ft²
|
$628,000
2 Bed
2 Bath
1315 ft²
|
$595,000
-5.25%
08/15/2024
|
Nice to be Home Group
RE/MAX 360
| |
|
09/12/2022
|
2 Bed
|
1 Bath
|
1360 ft²
|
$579,000
2 Bed
1 Bath
1360 ft²
|
$650,000
+12.26%
11/02/2022
|
Linda Clayton
RE/MAX 360
| |
|
01/27/2021
|
2 Bed
|
2 Bath
|
1378 ft²
|
$499,000
2 Bed
2 Bath
1378 ft²
|
$505,000
+1.20%
03/16/2021
|
Lori Bassinger
Bay Colony Realty
| |
|
11/08/2018
|
2 Bed
|
2 Bath
|
1315 ft²
|
$398,000
2 Bed
2 Bath
1315 ft²
|
$398,000
04/26/2019
|
William Rochford
Sagan Harborside Sotheby's International Realty
| |
|
04/26/2018
|
2 Bed
|
2 Bath
|
1378 ft²
|
$429,900
2 Bed
2 Bath
1378 ft²
|
$420,000
-2.30%
07/16/2018
|
Nancy Winslow
Coldwell Banker Realty - Manchester
| |
|
04/10/2015
|
2 Bed
|
2 Bath
|
1639 ft²
|
$349,900
2 Bed
2 Bath
1639 ft²
|
$330,000
-5.69%
05/18/2015
|
Fred Newton
Sovereign Realty Advisors, LLC
| |
|
05/21/2014
|
2 Bed
|
2 Bath
|
1330 ft²
|
$309,000
2 Bed
2 Bath
1330 ft²
|
$300,000
-2.91%
10/01/2014
|
Hope Watt-Bucci
Coldwell Banker Realty - Manchester
| |
|
09/11/1998
|
2 Bed
|
2 Bath
|
1378 ft²
|
$179,900
2 Bed
2 Bath
1378 ft²
|
$175,000
-2.72%
01/26/1999
|
Mary Jane Sheedy
Coldwell Banker Realty - Gloucester
| |
|
01/04/1993
| |
Loft
|
2 Bath
|
-
|
$132,900
Loft
2 Bath
|
$131,900
-0.75%
05/06/1993
|
Robert Stallard
RE/MAX Advantage Real Estate
|
Building Info
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