$401,000
●
Condo -
Off Market
18 Atlantic Rd #41
Gloucester, MA 01930
2 Beds
1 Bath,
1
Half Bath
996 Ft²
$540,584
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Attractive well-maintained condominium located just steps from Good
Harbor Beach and Bass Rocks Golf Club in a quiet and quaint
neighborhood. Rare opportunity to own an upper level
townhouse in the desirable Thorwald Condominiums. Mostly
owner occupied, this condo features two bedrooms, 1.5 baths, galley
kitchen and eating area, and a fireplaced living room with sliding
glass doors. Enjoy ocean views of the beach and twin
lighthouses from the balcony. Improvements include new
windows and sliding glass doors. In unit laundry and extra
storage in the common area basement. One deeded parking spot
in front of the back door along with visitor parking.
Professionally landscaped. First showings Sunday July
26th from 11:00 AM to 2:00 PM by appointment only. Any and
all offers to be presented on Tuesday at 5 pm.
Unit Size
996 Ft²
Days on Market
-
Land Size
-
Price per sqft
$402
Property Type
Condo
Property Taxes
$368
HOA Dues
$395
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 months ago (MLSPIN #72697304)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2020 | Sold | ||
| Sold | |||
| Jul 23, 2020 | Listed by Danehy Realty Corp. | $399,900 | |
| Listed by Danehy Realty Corp. | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Off Street
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Carpet
Laundry Features: Electric Dryer Hookup, Washer Hookup, In Unit, First Floor
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Exterior Details
Has Property Attached
Square Footage: 996
Year Built Source: Public Records
Year Built: 1972
Waterfront Features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Name: Thorwald Condominium
Building Area Total: 996
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Units: Acres
Tax Lot: 0041
Water Source: Public
Financial Details
Tax Map Number: 0067
Tax Assessed Value: $357,800
Tax Annual Amount: $4,412
Utilities Details
Cooling Type: Window Unit(s), Wall Unit(s)
Heating Type: Electric Baseboard, Individual
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance
HOA/Condo/Coop Amenities: Storage
HOA Fee: $395
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 |
|---|---|---|---|---|---|---|---|
|
07/23/2020
|
2 Bed
|
2 Bath
|
996 ft²
|
$399,900
2 Bed
2 Bath
996 ft²
|
$401,000
+0.28%
09/18/2020
|
Jasmina Cesic
Prudential Maxfield & Company - Boston
| |
|
02/22/2018
|
2 Bed
|
2 Bath
|
996 ft²
|
$449,000
2 Bed
2 Bath
996 ft²
|
$430,000
-4.23%
05/24/2018
|
Ron Goulart & Jennifer Anderson
RE/MAX Advantage Real Estate
| |
|
10/03/2014
|
2 Bed
|
2 Bath
|
996 ft²
|
$285,000
2 Bed
2 Bath
996 ft²
|
$270,000
-5.26%
10/16/2014
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
11/01/2009
|
2 Bed
|
2 Bath
|
996 ft²
|
$325,000
2 Bed
2 Bath
996 ft²
|
$291,750
-10.23%
04/05/2010
|
Christina Rafter
RE/MAX Advantage Real Estate
| |
|
10/20/2008
|
2 Bed
|
2 Bath
|
996 ft²
|
$338,575
2 Bed
2 Bath
996 ft²
|
$332,000
-1.94%
12/09/2008
|
Kristin Gynda Bedell
Engel & Volkers Gloucester
| |
|
08/11/2005
|
2 Bed
|
1 Bath
|
996 ft²
|
$380,000
2 Bed
1 Bath
996 ft²
|
$375,000
-1.32%
09/22/2005
|
Kristin Gynda Bedell
J. Barrett & Company
| |
|
10/16/2003
|
2 Bed
|
1 Bath
|
996 ft²
|
$325,000
2 Bed
1 Bath
996 ft²
|
$325,000
11/21/2003
|
Kristin Gynda Bedell
J. Barrett & Company
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017