$190,000
●
Condo -
Off Market
4 Raymond St #4
Gloucester, MA 01930
1 Bed
1 Bath
435 Ft²
$293,104
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
Oceanview 1 BR 1 BA one level condo in Magnolia around corner from
Gray Beach! No need to fight beach traffic as you already live
there! Perfect for vacation/Summer getaway or those looking to
downsize. Sunny and bright south facing unit with private deck
offers nice views of Magnolia's harbor and Ocean. Located directly
across from lovely park and nearby several restaurants, shops,
library, and scenic Shore Road. One Car offstreet paved
parking. Basement storage locker and common laundry. Air
Conditioned! 2 Month minimum rental period. Pets allowed. Non
smoking building.
Unit Size
435 Ft²
Days on Market
-
Land Size
-
Price per sqft
$460
Property Type
Condo
Property Taxes
$168
HOA Dues
$205
Year Built
1970
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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 #72495118)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2022 | Sold | ||
| Sold | |||
| Jul 19, 2022 | Listed by North Shore's Gold Coast Realty | $225,000 | |
| Listed by North Shore's Gold Coast Realty | |||
| | |||
|
Located one block from the beach with ocean views, this one bed condo is waiting for you. This unit includes low condo fees, fresh paint, and a newly updated bathroom. An open feel, and great lighting, makes this condo feel spacious and warm. With a private balcony, you can start your morning enjoying your coffee and the beautiful sea breeze. Local amenities include a nicely maintained park, restaurants, and nearby shopping. This pet friendly condo includes one deeded parking spot and additional basement storage. Don’t miss this opportunity to enjoy seaside living! Open house scheduled for Thursday 4:30 - 6:00 and Saturday 12:00 - 2:00.
| |||
| Aug 2, 2019 | Sold | ||
| Sold | |||
| May 7, 2019 | Listed by North Shore's Gold Coast Realty | $199,900 | |
| Listed by North Shore's Gold Coast Realty | |||
| | |||
|
Oceanview 1 BR 1 BA one level condo in Magnolia around corner from Gray Beach! No need to fight beach traffic as you already live there! Perfect for vacation/Summer getaway or those looking to downsize. Sunny and bright south facing unit with private deck offers nice views of Magnolia's harbor and Ocean. Located directly across from lovely park and nearby several restaurants, shops, library, and scenic Shore Road. One Car offstreet paved parking. Basement storage locker and common laundry. Air Conditioned! 2 Month minimum rental period. Pets allowed. Non smoking building.
| |||
| May 31, 2007 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Paved
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator
Flooring Type: Tile, Carpet
Door Features: Insulated Doors
Laundry Features: Common Area, In Building
Rooms: 3
Basement: N
Exterior Details
Has Property Attached
Square Footage: 435
Year Built Source: Public Records
Year Built: 1970
Waterfront Features: Harbor, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Building Name: 4 Raymond Street Condominium
Building Area Total: 435
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick, Block
Patio and Porch Features: Deck
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $158,900
Tax Annual Amount: $2,016
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Electric Baseboard
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Laundry
HOA Fee: $205
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 |
|---|---|---|---|---|---|---|---|
|
08/22/2023
|
1 Bed
|
1 Bath
|
435 ft²
|
$249,900
1 Bed
1 Bath
435 ft²
|
$260,000
+4.04%
10/05/2023
|
Sheila Ste. Marie-Anderson
Hazel & Company
| |
|
04/26/2023
|
1 Bed
|
1 Bath
|
435 ft²
|
$279,000
1 Bed
1 Bath
435 ft²
|
$300,000
+7.53%
06/20/2023
|
Pierre Rumpf
PCR Realty
| |
|
07/19/2022
|
1 Bed
|
1 Bath
|
435 ft²
|
$225,000
1 Bed
1 Bath
435 ft²
|
$229,000
+1.78%
08/26/2022
|
The Rental Team
Hayden Rowe Properties
| |
|
05/07/2019
|
1 Bed
|
1 Bath
|
435 ft²
|
$199,900
1 Bed
1 Bath
435 ft²
|
$190,000
-4.95%
08/02/2019
|
Lane Team
North Shore's Gold Coast Realty
| |
|
06/01/2018
|
1 Bed
|
1 Bath
|
435 ft²
|
$219,900
1 Bed
1 Bath
435 ft²
|
$219,900
07/19/2018
|
Pierre Rumpf
PCR Realty
| |
|
02/01/2016
|
1 Bed
|
1 Bath
|
480 ft²
|
$125,000
1 Bed
1 Bath
480 ft²
|
$115,000
-8.00%
02/29/2016
|
Jeanne Lovely
Armstrong Field Real Estate
| |
|
10/29/2013
|
1 Bed
|
1 Bath
|
435 ft²
|
$149,000
1 Bed
1 Bath
435 ft²
|
$140,000
-6.04%
03/18/2014
|
Amanda Armstrong
Compass
| |
|
02/04/2008
|
1 Bed
|
1 Bath
|
435 ft²
|
$139,900
1 Bed
1 Bath
435 ft²
|
$127,500
-8.86%
05/05/2008
|
Donna Sullivan
Realty Connection
| |
|
05/27/2007
|
1 Bed
|
1 Bath
|
488 ft²
|
$139,900
1 Bed
1 Bath
488 ft²
|
$131,000
-6.36%
07/30/2007
|
Gerald Hannibal
J. Barrett & Company
| |
|
09/26/2005
|
1 Bed
|
1 Bath
|
440 ft²
|
$139,900
1 Bed
1 Bath
440 ft²
|
$135,000
-3.50%
06/07/2007
|
Jeanne Lovely
Armstrong Field Real Estate
| |
|
09/01/2005
|
1 Bed
|
1 Bath
|
440 ft²
|
$150,000
1 Bed
1 Bath
440 ft²
|
$147,200
-1.87%
11/30/2005
|
Jeanne Lovely
Armstrong Field Real Estate
| |
|
09/01/2005
|
1 Bed
|
1 Bath
|
440 ft²
|
$139,900
1 Bed
1 Bath
440 ft²
|
$132,000
-5.65%
05/31/2007
|
Jeanne Lovely
Armstrong Field Real Estate
| |
|
09/01/2005
|
1 Bed
|
1 Bath
|
440 ft²
|
$160,000
1 Bed
1 Bath
440 ft²
|
$159,000
-0.63%
10/28/2005
|
Jeanne Lovely
Armstrong Field Real Estate
| |
|
09/01/2005
|
1 Bed
|
1 Bath
|
440 ft²
|
$169,000
1 Bed
1 Bath
440 ft²
|
$163,500
-3.25%
11/01/2005
|
Jeanne Lovely
Tache Real Estate, Inc.
|
Building Info
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