1
Map
$225,000
●
Condo -
Off Market
31 Chestnut Street #2
Gloucester, MA 01930
3 Beds
1 Bath
1,154 Ft²
$406,169
RealtyHop Estimate
72.91%
Since Nov 1, 2005
National-US
Primary Model
About This Property
WATERVIEWS FROM THE MASTER BEDROOM. This unit features a large
kitchen with new cabinets, corian countertop, new stainless
appliances, microwave/exhaust hood, gas washer/dryer hook-up in
unit. Good size other room can be used as office, etc. New
pergo flooring. New top of the line heating system. Lovely deck for
summer relaxation. Off street parking, close to downtown, shops,
restaurants, train. Storage and laundry hook-up in basement. ALL
OFFERS TO BE ACCOMPANIED WITH PRE-APPROVAL LETTER.
Unit Size
1,154 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$204
Property Type
Condo
Property Taxes
$303
HOA Dues
$207
Year Built
-
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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: 6 months ago (MLSPIN #70202471)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 10, 2020 | Sold | ||
| Sold | |||
| Aug 12, 2010 | Sold | ||
| Sold | |||
| Oct 14, 2005 | Sold | ||
| Sold | |||
| Jun 2, 2005 | Listed by Keller Williams Realty Evolution | $234,900 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
WATERVIEWS FROM THE MASTER BEDROOM. This unit features a large kitchen with new cabinets, corian countertop, new stainless appliances, microwave/exhaust hood, gas washer/dryer hook-up in unit. Good size other room can be used as office, etc. New pergo flooring. New top of the line heating system. Lovely deck for summer relaxation. Off street parking, close to downtown, shops, restaurants, train. Storage and laundry hook-up in basement. ALL OFFERS TO BE ACCOMPANIED WITH PRE-APPROVAL LETTER.
| |||
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street, Tandem, Assigned
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator
Flooring Type: Tile, Other
Door Features: Insulated Doors
Laundry Features: Gas Dryer Hookup, Washer Hookup, Second Floor
Rooms: 6
Basement: Y
Exterior Details
Square Footage: 1154
Year Built Source: Public Records
Year Built: 1915
Waterfront Features: 1/2 to 1 Mile To Beach
Building Name: 31 Chestnut Street Condominium
Building Area Total: 1154
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5425
Tax Lot: 65
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 13
Tax Assessed Value: $404,000
Tax Annual Amount: $3,632
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Oil, Electric Baseboard, Individual, Unit Control
Location Details
HOA/Condo/Coop Fee Includes: Electricity, Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
HOA Fee: $207
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 |
|---|---|---|---|---|---|---|---|
|
07/08/2021
|
4 Bed
|
1 Bath
|
1201 ft²
|
$269,900
4 Bed
1 Bath
1201 ft²
|
$270,000
+0.04%
08/31/2021
|
Paula Viera
Keller Williams Realty Evolution
| |
|
03/07/2017
|
4 Bed
|
1 Bath
|
1201 ft²
|
$174,900
4 Bed
1 Bath
1201 ft²
|
$180,000
+2.92%
05/15/2017
|
Listing Group
Lamacchia Realty, Inc.
| |
|
01/13/2012
|
4 Bed
|
1 Bath
|
1201 ft²
|
$169,900
4 Bed
1 Bath
1201 ft²
|
$159,700
-6.00%
06/01/2012
|
Deborah Terlik
Keller Williams Realty Evolution
| |
|
01/20/2011
|
4 Bed
|
1 Bath
|
1201 ft²
|
$179,900
4 Bed
1 Bath
1201 ft²
|
-
-
|
Karin Gitto
Bancroft Realty Group
| |
|
05/24/2010
|
4 Bed
|
1 Bath
|
1201 ft²
|
$149,900
4 Bed
1 Bath
1201 ft²
|
$152,300
+1.60%
07/30/2010
|
Kristal Pooler
Churchill Properties
| |
|
07/24/2008
|
4 Bed
|
1 Bath
|
1201 ft²
|
$149,900
4 Bed
1 Bath
1201 ft²
|
$142,000
-5.27%
09/29/2008
|
Mindy Reichman
Tache Real Estate, Inc.
| |
|
06/02/2005
|
3 Bed
|
1 Bath
|
1154 ft²
|
$234,900
3 Bed
1 Bath
1154 ft²
|
$225,000
-4.21%
10/14/2005
|
Linda Boshart
RE/MAX Real Estate Specialists
| |
|
06/02/2005
|
2 Bed
|
1 Bath
|
844 ft²
|
$165,900
2 Bed
1 Bath
844 ft²
|
$167,400
+0.90%
09/01/2005
|
Linda Boshart
RE/MAX Real Estate Specialists
| |
|
06/02/2005
|
3 Bed
|
1 Bath
|
1201 ft²
|
$241,900
3 Bed
1 Bath
1201 ft²
|
$232,000
-4.09%
10/28/2005
|
Linda Boshart
RE/MAX Real Estate Specialists
| |
|
06/02/2005
|
1 Bed
|
1 Bath
|
1172 ft²
|
$235,900
1 Bed
1 Bath
1172 ft²
|
$236,000
+0.04%
09/01/2005
|
Linda Boshart
RE/MAX Real Estate Specialists
| |
|
10/07/2004
| |
12 Bed
|
4 Bath
|
4000 ft²
|
$529,000
12 Bed
4 Bath
4000 ft²
|
$480,000
-9.26%
03/01/2005
|
Linda Boshart
RE/MAX Real Estate Specialists
|
Building Info
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