$1,525,000
●
Condo -
Off Market
25 Way Rd #A
Gloucester, MA 01930
3 Beds
3 Baths
2,780 Ft²
$1,680,101
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Why spend 3 hours in traffic heading to Cape Cod from Boston every
summer when you can be in gorgeous Cape Ann and all its beautiful
beaches and picturesque towns in an hour?This property is currently
in construction in a gorgeous location in highly-coveted East
Gloucester. The property will be approximately 2780 sq ft with 3
bedrooms and 2.5 baths and is slated to have private balcony and
private deck, private entrance, and its own attached 2-car garage.
An elevator can also be added. The grounds provide a tranquil
ambiance while close to Bass Rocks Golf Club and renowned Good
Harbor Beach, and a 5 minute drive to all of downtown Gloucester.
Unit Size
2,780 Ft²
Days on Market
-
Land Size
-
Price per sqft
$549
Property Type
Condo
Property Taxes
$474
HOA Dues
$450
Year Built
2020
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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 #72871383)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2021 | Sold | ||
| Sold | |||
| Jul 25, 2021 | Listed by Coldwell Banker Realty - Manchester | $1,525,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Interior Details
Features: Yes
Full Bathrooms: 3
Interior Features: Wet Bar, Wired for Sound, Internet Available - Unknown
Appliances: Tank Water Heaterless, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Hardwood
Laundry Features: In Unit, Washer Hookup
Rooms: 7
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 3
Year Built Source: Builder
Year Built Details: Actual, Under Construction
PropertySubType: Condominium
Structure Type: Low-Rise
Stories (Total): 3
Building Area Units: Square Feet
Patio and Porch Features: Deck - Composite
Lead Paint: None
Lot Size Units: Acres
Zoning: R-20
Parcel Number: M:0074 B:0055 L:0000, 4967625
Water Source: Public
Financial Details
Tax Assessed Value: $457,600
Tax Annual Amount: $5,693
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal, Reserve Funds
Association Fee Frequency: Unknown
HOA Fee: $450
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
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 |
|---|---|---|---|---|---|---|---|
|
07/25/2021
|
3 Bed
|
3 Bath
|
2780 ft²
|
$1,525,000
3 Bed
3 Bath
2780 ft²
|
$1,525,000
12/20/2021
|
Scott Smith
Coldwell Banker Realty - Manchester
| |
|
09/01/2019
| |
Loft
|
-
|
-
|
$490,000
Loft
-
|
$465,000
-5.10%
05/04/2020
|
Patricia McCormick
J. Barrett & Company
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017