22 Bass Ave #3
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2023 | Sold | ||
| Sold | |||
| Apr 26, 2023 | In contract | - | |
| In contract | |||
| Apr 19, 2023 | Listed by J. Barrett & Company | $389,000 | |
| Listed by J. Barrett & Company | |||
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East Gloucester 2nd floor condo close to Good Harbor Beach and downtown Gloucester with easy highway access. Perfect for year-round use or carefree vacation home. 2bed 1 ½ bath, bright and cheery top floor unit features open floor plan with large eat in kitchen providing plenty of storage and sunny living room with newer mini-split providing both heat and AC. Main bedroom features large walk-in closet. Large full bath with washer/dryer plus additional ½ bath! Step out to your private back deck perfect for entertaining. This unit also has exclusive use to large attic providing even more storage space with additional common basement storage. Showings begin at open house: Thurs 4/20 4:30-6, Sat 4/22 11-12:30 & Sun 4/23 11-12:30. Offers due Monday 4/24 @ 5pm. Please submit offer in one PDF with proof of funds.
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| Apr 5, 2019 | Sold | ||
| Sold | |||
| Feb 28, 2019 | Listed by Keller Williams Realty Evolution | $255,000 | |
| Listed by Keller Williams Realty Evolution | |||
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East Gloucester 2nd floor 2 BR, 1.5 Bath 1 level top floor condo in 3 unit building close to Good Harbor Beach! Perfect for year round or vacation home with no maintenance worries. Unit features open floor plan, huge modern eat in fully applianced kitchen with tons of cabinet and counter space, cozy livingroom, and large full bath with washer/dryer and extra half bath! The master BR has walk in and regular closets along with skylight. Lots of windows throughout unit provide natural light. Guest BR could also serve as office space. Main entrance to unit is at street level. Hardwood in Kitchen and LR. Tile in baths. Pull down attic offers ample storage. LOW CONDO FEE $138 also includes water & sewer! Step outside onto your own exclusive use private deck overlooking serene marshland with room for grill and deck furniture! Common basement storage ideal for storing beach chairs/bike/etc. 2 CAR PARKING! Pets by Trustee ok. No smoking. Definitely not a drive by!! Excellent commuter location
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/19/2023
|
2 Bed
|
2 Bath
|
986 ft²
|
$389,000
2 Bed
2 Bath
986 ft²
|
$395,000
+1.54%
06/15/2023
|
Theresa Scatterday
J. Barrett & Company
| |
|
02/28/2019
|
2 Bed
|
2 Bath
|
986 ft²
|
$255,000
2 Bed
2 Bath
986 ft²
|
$255,000
04/05/2019
|
Janet Breiter
Keller Williams Realty Evolution
| |
|
03/01/2016
|
2 Bed
|
2 Bath
|
910 ft²
|
$212,500
2 Bed
2 Bath
910 ft²
|
$215,000
+1.18%
05/13/2016
|
Dan DelGrosso
Coldwell Banker Realty - Lynnfield
| |
|
12/21/2011
|
1 Bed
|
1 Bath
|
723 ft²
|
$69,900
1 Bed
1 Bath
723 ft²
|
$69,900
03/01/2012
|
Mindy Reichman
Tache Real Estate, Inc.
| |
|
08/27/2009
|
1 Bed
|
1 Bath
|
723 ft²
|
$154,900
1 Bed
1 Bath
723 ft²
|
-
-
|
John Swain
Coldwell Banker Realty - Beverly
| |
|
03/12/2006
|
2 Bed
|
1 Bath
|
986 ft²
|
$269,000
2 Bed
1 Bath
986 ft²
|
$255,000
-5.20%
08/24/2006
|
Lillian LoGrasso
| |
|
05/15/2005
|
1 Bed
|
1 Bath
|
723 ft²
|
$190,000
1 Bed
1 Bath
723 ft²
|
$177,500
-6.58%
08/23/2005
|
Lillian LoGrasso
J. Barrett & Company
| |
|
03/30/2001
|
2 Bed
|
1 Bath
|
920 ft²
|
$229,500
2 Bed
1 Bath
920 ft²
|
$220,000
-4.14%
10/09/2002
|
Christina Rafter
RE/MAX Advantage Real Estate
| |
|
01/09/2001
| |
6 Bed
|
-
|
2100 ft²
|
$239,900
6 Bed
-
2100 ft²
|
$239,900
02/26/2001
|
Christina Rafter
RE/MAX Advantage Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017