$623,555
●
Condo -
Off Market
16 Kennedy Road #B
Gloucester, MA 01930
2 Beds
2 Baths,
1
Half Bath
2,054 Ft²
$1,106,909
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model
About This Property
Single Level Home - New Construction! Live the maintain-free
lifestyle you have always dreamed of at the Village at Magnolia
Shores. You can own a spacious new 2 bedroom Energy Star home
(three homes designs to chose from) featuring master and 2nd
bedroom ensuite, library and 2.5 bath nestled on 50 beautifully
wooded acres in a charming seaside village called Magnolia located
within the city of Gloucester. Between Manchester and
Magnolia is Surf Park, a two-acre parcel of land that has scenic
views of Kettle Cove. Magnolia residents are fortunate to have
their own library, restaurants, and shops. Another feature of
Magnolia is its beach, Gray Beach which is a part of Coolidge
Reservation. It is rich with large historical homes and buildings.
Only 30 miles north of downtown Boston and Logan International
Airport and minutes to shopping, dining and beaches. GPS Directions
use 10 Carter Hill Road, Gloucester
Unit Size
2,054 Ft²
Days on Market
-
Land Size
50.00 acres
Price per sqft
$292
Property Type
Condo
Property Taxes
-
HOA Dues
$385
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 6 months ago (MLSPIN #71742457)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2015 | Sold | ||
| Sold | |||
| Sep 12, 2014 | Listed by Coldwell Banker - Premier Communities | $598,900 | |
| Listed by Coldwell Banker - Premier Communities | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar / Nook, Wainscoting, Kitchen, Library
Appliances: Range, Dishwasher, Microwave, Plumbed For Ice Maker
Flooring Type: Tile, Carpet, Hardwood, Flooring - Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 2054
Year Built Source: Builder
Year Built: 2014
Waterfront Features: Ocean, Direct Access, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Building Name: The Village At Magnolia Shores
Building Area Total: 2054
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame, See Remarks
Patio and Porch Features: Porch, Deck - Composite
Lot Size Area: 50
Lot Size Units: Acres
Lot Size Acres: 50
Lot Size Square Feet: 2178000
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Road Maintenance
HOA/Condo/Coop Amenities: Trail(s)
HOA Fee: $385
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
04/24/2019
|
2 Bed
|
2 Bath
|
2119 ft²
|
$849,900
2 Bed
2 Bath
2119 ft²
|
$849,900
06/26/2019
|
Julie Costa
Keller Williams Realty
| |
|
09/12/2014
|
2 Bed
|
2 Bath
|
2054 ft²
|
$598,900
2 Bed
2 Bath
2054 ft²
|
$623,555
+4.12%
02/06/2015
|
Christina Mackey
Coldwell Banker Realty New Homes Division
| |
|
12/03/2013
|
2 Bed
|
2 Bath
|
2054 ft²
|
$598,900
2 Bed
2 Bath
2054 ft²
|
$651,490
+8.78%
11/17/2014
|
Christina Mackey
Coldwell Banker Realty New Homes Division
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017