$300,000
●
Condo -
Off Market
16 Washington Square #1
Gloucester, MA 01930
2 Beds
1 Bath
1,164 Ft²
$466,590
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Bow front windows, high ceilings and refinished pine floors are
original details that are retained and enhanced in this newly
renovated parlor level unit harkening to the historic rowhouses of
the South End of Boston. Big, bright windows in every room and wide
hallways make the space feel airy and so much larger, with
unexpected features that include a separate dining room and
original decorative mantel, an eat-in-kitchen, over-sized master
bedroom and in-unit laundry. The kitchen and bath are both
completely renovated in a contemporary Pottery Barn palette with
beautiful tiles and granite finishes. Welcome to your in-town
location that puts you just steps to the vibrant Gloucester
waterfront, some of the North Shore's favorite restaurants, the
Beauport Hotel, Pavilion Beach and the train!
Unit Size
1,164 Ft²
Days on Market
-
Land Size
-
Price per sqft
$274
Property Type
Condo
Property Taxes
-
HOA Dues
$230
Year Built
1900
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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 #72567116)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 27, 2019 | Sold | ||
| Sold | |||
| Sep 18, 2019 | Listed by North Shore's Gold Coast Realty | $319,000 | |
| Listed by North Shore's Gold Coast Realty | |||
Property Highlights
Interior Details
Level: First
Width: 14
Length: 10
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid
Area: 140
Level: First
Features: Flooring - Hardwood
Width: 8
Length: 11
Area: 88
Width: 13
Features: Flooring - Hardwood
Length: 10
Level: First
Area: 130
Features: Bathroom - Full
Level: First
Length: 13
Level: First
Features: Flooring - Hardwood
Width: 14
Area: 182
Features: Flooring - Hardwood
Level: First
Length: 14
Width: 14
Area: 196
Full Bathrooms: 1
Appliances: Range, Oven, Dishwasher, Disposal, Refrigerator
Laundry Features: First Floor, In Unit
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: Y
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick, Stone
Lead Paint: Certified Treated
Lot Size Units: Acres
Zoning: R5
Parcel Number: 1893616
Water Source: Public
Utilities Details
Cooling Type: None
Heating Type: Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Reserve Funds
HOA Fee: $230
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, House of Worship, Marina, Public School, T-Station
Pets Allowed: Yes
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 |
|---|---|---|---|---|---|---|---|
|
10/05/2021
|
4 Bed
|
2 Bath
|
1824 ft²
|
$399,000
4 Bed
2 Bath
1824 ft²
|
$375,000
-6.02%
12/14/2021
|
Tracy Gothie
J. Barrett & Company
| |
|
01/23/2020
|
4 Bed
|
2 Bath
|
1824 ft²
|
$354,900
4 Bed
2 Bath
1824 ft²
|
$352,750
-0.61%
05/22/2020
|
Tracy Gothie
J. Barrett & Company
| |
|
09/18/2019
|
1 Bed
|
1 Bath
|
730 ft²
|
$235,000
1 Bed
1 Bath
730 ft²
|
$235,000
11/08/2019
|
Michelle Theriault
Engel & Volkers By The Sea
| |
|
09/18/2019
|
2 Bed
|
1 Bath
|
1164 ft²
|
$319,000
2 Bed
1 Bath
1164 ft²
|
$300,000
-5.96%
12/27/2019
|
Michelle Theriault
Engel & Volkers By The Sea
| |
|
09/18/2019
| |
2 Bed
|
1 Bath
|
1164 ft²
|
$339,000
2 Bed
1 Bath
1164 ft²
|
$300,000
-11.50%
12/27/2019
|
Michelle Theriault
Engel & Volkers By The Sea
|
|
05/16/2018
| |
6 Bed
|
3 Bath
|
2848 ft²
|
$338,000
6 Bed
3 Bath
2848 ft²
|
$377,000
+11.54%
07/10/2018
|
Rick Petralia
Churchill Properties
|
Building Info
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