$338,000
●
Condo -
Off Market
4 Prospect Sq #1
Gloucester, MA 01930
3 Beds
3 Baths,
1
Half Bath
1,453 Ft²
$499,074
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
What's better than dropping your bags at the door & starting to
enjoy your new home the MOMENT you own it? Steps to the commuter
rail (1/2 mile), steps to downtown restaurants, coffee shops, the
library, churches, and shopping. One way street offers proximity to
all the conveniences and charm of central Gloucester, in this newly
renovated federal style building. Wondering what's new at 4
Prospect Square, Unit 1? Start with the roof, the insulation, the
walls, kitchen, 2.5 tiled baths, floors (hickory and tile),
double-paned windows, on-demand hot water unit, & a gas-fired
heating system with central air conditioning! You will have such
easy access to all your favorite Gloucester events, celebrations,
Fiesta, beaches and commuting (train & highway) from this lovely,
hidden neighborhood. Interior pictures are representative of
Unit 1, not actual. Please note: no off-street parking with Unit 1.
Condo docs in progress. Taxes, assessed value & association fee be
determined.
Unit Size
1,453 Ft²
Days on Market
-
Land Size
-
Price per sqft
$240
Property Type
Condo
Property Taxes
-
HOA Dues
$100
Year Built
1900
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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: 4 years ago (MLSPIN #72604804)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 16, 2020 | Sold | ||
| Sold | |||
| Jan 6, 2020 | Listed by Venice Real Estate, LLC | $349,000 | |
| Listed by Venice Real Estate, LLC | |||
Property Highlights
Air Conditioning
Interior Details
Level: Main
Features: Flooring - Wood, Balcony / Deck, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Level: Second
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Level: Second
Features: Walk-In Closet(s), Flooring - Wood, Lighting - Overhead
Features: Closet, Flooring - Wood
Level: Second
Features: Flooring - Hardwood, Flooring - Wood, Open Floorplan
Level: Main
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First
Features: Bathroom - 3/4, Closet - Linen, Closet, Flooring - Wood
Level: Third
Level: Main
Features: Closet, Flooring - Wood, Open Floorplan
Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall
Level: Third
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Microwave, Refrigerator, Tank Water Heaterless, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Wood, Tile
Laundry Features: Second Floor, In Unit
Rooms: 6
Basement: Y
Parking Details
Parking Features: None
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Townhouse, Attached
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R-5
Parcel Number: 1894014
Water Source: Public
Financial Details
Tax Assessed Value: $329,700
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: Central Air
Heating Type: Central, Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure
HOA Fee: $100
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
Complex is Completed
Management: Owner Association
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 |
|---|---|---|---|---|---|---|---|
|
01/06/2020
|
3 Bed
|
3 Bath
|
1453 ft²
|
$349,000
3 Bed
3 Bath
1453 ft²
|
$338,000
-3.15%
03/16/2020
|
Debra Clemenzi
Suffolk Real Estate, LLC
| |
|
12/27/2019
|
3 Bed
|
3 Bath
|
1480 ft²
|
$399,000
3 Bed
3 Bath
1480 ft²
|
$383,000
-4.01%
02/14/2020
|
Lane Team
North Shore's Gold Coast Realty
| |
|
11/06/2018
| |
5 Bed
|
2 Bath
|
2472 ft²
|
$175,000
5 Bed
2 Bath
2472 ft²
|
$175,000
12/14/2018
|
Patty Knaggs
Carlson GMAC Real Estate
|
Building Info
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