3 Gap Head Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 9, 2024 | Sold | ||
| Sold | |||
| Jul 19, 2024 | In contract | - | |
| In contract | |||
| Jul 8, 2024 | Listed by Engel & Volkers By the Sea | $3,899,000 | |
| Listed by Engel & Volkers By the Sea | |||
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Perched on a granite cliff along the picturesque coastline of Rockport, 3 Gap Head offers a rare opportunity to own an exceptional waterfront property. The location on Straitsmouth Point is nothing short of spectacular, perfectly positioned between the renowned twin lighthouses of Thacher Island to the South and the endless horizon of the Atlantic Ocean to the North, a rare find among coastal homes. 3 Gap Head exudes the charm of a classic coastal Cape. Offered for the first time in six decades, this extensively renovated and impeccably maintained home has been a sanctuary for gatherings, celebrations, and intimate moments by the sea. Here, the rhythmic sound of crashing waves and salty air create an ambiance both serene and invigorating. Whether you envision cozy evenings by the fire, leisurely lobster bakes on the terrace, or sun-kissed days exploring tidal pools at the water's edge, 3 Gap Head promises cherished memories for generations to come.
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| Apr 5, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017