$325,000
●
Condo -
Off Market
26 Cherry Street #A
Gloucester, MA 01930
2 Beds
1 Bath,
1
Half Bath
1,600 Ft²
$462,116
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model
About This Property
Duplex style condo built in 2003. Wood laminate flooring
throughout. Stainless steel appliances. Entire interior of unit was
just painted. 1,600sf of living area with large rooms. The first
floor has a large open living room, as well as a spacious kitchen
and dining area, both of which lead out to the deck. The second
floor has two large bedrooms and a full bath. There is also 800sf
in the unfinished walkout basement providing great storage, or the
possibility of creating more living area. West-facing deck and
balcony provide nice sunsets and partial views of Mill Pond. Close
to O'Maley Innovation Middle School. Great highway access.
Spectacular dollar value at under $200/sf for a move-in ready
townhouse condominium in excellent condition.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$197
Property Type
Condo
Property Taxes
$331
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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 #72522120)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2019 | Sold | ||
| Sold | |||
| Jun 19, 2019 | Listed by PCR Realty | $314,900 | |
| Listed by PCR Realty | |||
| Feb 15, 2017 | Sold | ||
| Sold | |||
| Oct 10, 2014 | Sold | ||
| Sold | |||
| May 20, 2014 | Listed by Vadala Real Estate | $269,000 | |
| Listed by Vadala Real Estate | |||
| | |||
|
This duplex style condo built in 2003 offers more space than most for the price with 1,600sf of living area and large spacious rooms. The first floor has a large open living area as well as a kitchen dining area that leads out to a deck, and a half bath with laundry. The second floor has two large bedrooms and a full bath. The oversized bedrooms provide the possibility of making a third bedroom. There is also 800sf in the unfinished walkout basement providing the possibility of adding more living area and the west facing decks and balcony provide nice sunsets and views of the mill pond.
| |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Paved
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Laminate
Laundry Features: In Unit, First Floor
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1600
Year Built Source: Public Records
Year Built: 2003
Waterfront Features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Building Name: Two Millside Condo
Building Area Total: 1600
Building Area Units: Square Feet
Patio and Porch Features: Deck - Wood
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $313,300
Tax Annual Amount: $3,976
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
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 |
|---|---|---|---|---|---|---|---|
|
06/19/2019
|
2 Bed
|
1 Bath
|
1600 ft²
|
$314,900
2 Bed
1 Bath
1600 ft²
|
$325,000
+3.21%
07/31/2019
|
Pierre C. Rumpf
PCR Realty
| |
|
08/13/2018
|
2 Bed
|
2 Bath
|
1600 ft²
|
$329,900
2 Bed
2 Bath
1600 ft²
|
$317,500
-3.76%
03/25/2019
|
Mark Ventimiglia
Vadala Real Estate
| |
|
05/20/2014
|
2 Bed
|
2 Bath
|
1600 ft²
|
$269,000
2 Bed
2 Bath
1600 ft²
|
$250,000
-7.06%
10/10/2014
|
Mark Ventimiglia
Vadala Real Estate
| |
|
05/18/2004
|
2 Bed
|
2 Bath
|
1700 ft²
|
$310,900
2 Bed
2 Bath
1700 ft²
|
$305,000
-1.90%
08/27/2004
|
Gregg Cademartori
Weichert Realtors
| |
|
06/26/2003
| |
3 Bed
|
-
|
1559 ft²
|
$269,000
3 Bed
-
1559 ft²
|
$269,000
10/31/2003
|
Charlotte Dion
RE/MAX Innovations
|
|
05/31/2001
| |
Loft
|
-
|
-
|
$159,900
Loft
-
|
$140,000
-12.45%
09/27/2001
|
Denise Vadala
Vadala Real Estate
|
Building Info
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