$517,000
●
Condo -
Off Market
3 Babson Street #A
Gloucester, MA 01930
1 Bed
1 Bath
1,076 Ft²
$2,934
Est. Monthly
$170
HOA / Fees
4.08%
Cap Rate
About This Property
Authentic in Architecture, True in Beauty. Come see this sun-filled
1 bedroom condo tucked away on a dead end street with nothing to
do, only turn the key and enter. The utmost in upgrades: a new
roof, new dishwasher, new oil tank, new parking pad, new stonewall
& French drains equates worry-free living & ideal for all types of
lifestyles, be it a vacation hide-away, weekend retreat or year
round living.Curly Maple floors graces each room, including a pass
through area & closet.The bedroom has tall windows, 2 closets, one
as a walk-in. In unit washer/dryer & ceiling fans in each room.The
living room is ample with tall ceilings giving it a sense of space
& height. The alcove off the kitchen is a cozy nook for
guests to sip & sit while the host prepares a gourmand
meal.Exclusive patio space designed with pavers & greenery for
lounging & grilling.Additional storage big enough all your
extras.Fully insulated with energy efficient windows & Mass Save
cert.Close to beaches, downtown & rail.
Unit Size
1,076 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$464
Property Type
Condo
Property Taxes
$314
HOA Dues
$170
Year Built
1900
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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 #73296701)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 5, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Listed by Coldwell Banker Realty - Manchester | $499,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
| | |||
|
Authentic in Architecture, True in Beauty. Come see this sun-filled 1 bedroom condo tucked away on a dead end street with nothing to do, only turn the key and enter. The utmost in upgrades: a new roof, new dishwasher, new oil tank, new parking pad, new stonewall & French drains equates worry-free living & ideal for all types of lifestyles, be it a vacation hide-away, weekend retreat or year round living.Curly Maple floors graces each room, including a pass through area & closet.The bedroom has tall windows, 2 closets, one as a walk-in. In unit washer/dryer & ceiling fans in each room.The living room is ample with tall ceilings giving it a sense of space & height. The alcove off the kitchen is a cozy nook for guests to sip & sit while the host prepares a gourmand meal.Exclusive patio space designed with pavers & greenery for lounging & grilling.Additional storage big enough all your extras.Fully insulated with energy efficient windows & Mass Save cert.Close to beaches, downtown & rail.
| |||
Property Highlights
Garage
Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Storage, Common, Off Street, Deeded, Driveway, Stone/Gravel, Exclusive Parking
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Dryer, Range Hood
Flooring Type: Tile, Hardwood
Laundry Features: In Unit, Electric Dryer Hookup, Washer Hookup
Rooms: 3
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1076
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Beach Access, Harbor, Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Building Name: Babson Street Condominium
Building Area Total: 1076
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Patio
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Size Square Feet: 4832
Water Source: Public
Financial Details
Tax Assessed Value: $386,800
Tax Annual Amount: $3,764
Utilities Details
Cooling Type: None
Heating Type: Hot Water, Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure
HOA Fee: $170
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 |
|---|---|---|---|---|---|---|---|
|
10/01/2024
|
1 Bed
|
1 Bath
|
1076 ft²
|
$499,000
1 Bed
1 Bath
1076 ft²
|
$517,000
+3.61%
12/05/2024
|
Mary Matthews
Coldwell Banker Realty - Gloucester
| |
|
07/27/2022
|
3 Bed
|
2 Bath
|
1500 ft²
|
$595,000
3 Bed
2 Bath
1500 ft²
|
$590,000
-0.84%
10/21/2022
|
Mary Matthews
Coldwell Banker Realty - Gloucester
| |
|
05/20/2016
| |
5 Bed
|
2 Bath
|
2104 ft²
|
$420,000
5 Bed
2 Bath
2104 ft²
|
$385,000
-8.33%
10/04/2016
|
Patty Knaggs
RE/MAX Advantage Real Estate
|
|
05/08/2007
| |
5 Bed
|
2 Bath
|
2565 ft²
|
$449,500
5 Bed
2 Bath
2565 ft²
|
$448,000
-0.33%
06/13/2007
|
David Leinberry
Passini Realty
|
|
01/07/1998
| |
7 Bed
|
-
|
-
|
$169,900
7 Bed
-
|
$151,800
-10.65%
06/29/1998
|
Frances White
North Shore's Gold Coast Realty
|
Building Info
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