$135,000
●
Condo -
Off Market
4-3 Raymond St #7
Gloucester, MA 01930
1 Bed
1 Bath
440 Ft²
$240,139
RealtyHop Estimate
71.65%
Since Jul 1, 2007
National-US
Primary Model
About This Property
Great Magnolia location. Walk to beach. Recently renovated. New
septic. All new appliances, wall to wall and ceramic tile. $500
bonus to selling agent if sold before May 1, 2007
Unit Size
440 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$318
Property Type
Condo
Property Taxes
$108
HOA Dues
$170
Year Built
1970
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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 years ago (MLSPIN #70267387)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2023 | Sold | ||
| Sold | |||
| May 2, 2023 | In contract | - | |
| In contract | |||
| Apr 26, 2023 | Listed by PCR Realty | $279,000 | |
| Listed by PCR Realty | |||
| | |||
|
SPECTACULAR OCEAN-VIEW, south-facing, sun-filled, open floor plan, updated, one-bedroom condo in beautiful Magnolia. Make it your home, or your weekend/summer retreat. Updates include: Quartz counters, stainless steel appliances, tiled walk-in shower, vanity, chair-height/split-flush toilet, ceramic wood plank tile throughout, entire unit painted, hot water heater, and more. Building recently had efficient glass fronts and doors installed. Gaze upon Gray Beach, the ocean, and Magnolia Pier from your bedroom, or while sipping margaritas or coffee on your private deck. Gray Beach and Magnolia's famous Shore Road are around the corner. Lexington Avenue is a block away with restaurants, hair dressers, a pub, a post office, and more. Magnolia Park is across the street. Deeded parking and storage locker. OPEN HOUSE: Saturday, April 29th, 12:00 - 2:00pm. Sunday, April 30th, 1:00 - 3:00pm. Offers Due Monday, May 1st by 5:00pm.
| |||
| Jul 19, 2018 | Sold | ||
| Sold | |||
| Jun 1, 2018 | Listed by PCR Realty | $219,900 | |
| Listed by PCR Realty | |||
| | |||
|
RENOVATED, OCEAN-VIEW, south-facing, sun-filled, open floor plan, one-bedroom condo in Magnolia. Make it your home, or your weekend/summer retreat. Recent renovations include: Gutting the bathroom to the studs w/new, walk-in, tiled shower, vanity; New granite counters, stainless steel appliances, and sink in kitchen; New (ceramic) wood plank flooring throughout entire unit; New trim throughout; New plastered ceilings throughout; New paint throughout; and, New light fixtures. Gaze upon the ocean from your bedroom, or while sipping margaritas on your private deck. Walk to the beach, Lexington Avenue, the park, or stroll Magnolia’s famous Shore Road. Deeded parking and additional storage.
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Property Highlights
Air Conditioning
Parking Available
Interior Details
Features: Flooring - Stone/Ceramic Tile
Features: Flooring - Wall to Wall Carpet
Features: Flooring - Stone/Ceramic Tile
Features: Flooring - Wall to Wall Carpet, Balcony / Deck
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Electric Water Heater, Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Flooring Type: Tile, Carpet
Rooms: 3
Basement: Y
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: 4 Raymond Street Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Area: 0.17
Lot Size Units: Acres
Lot Size Acres: 0.17
Zoning: R3
Parcel Number: M:0168 B:0022 L:0000, 1901887
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $150,300
Tax Annual Amount: $1,294
Utilities Details
Utilities: for Electric Range, for Electric Oven
Cooling Type: Wall Unit(s)
Heating Type: Electric Baseboard
Sewer : Private Sewer, Private Sewerage
Location Details
HOA/Condo/Coop Fee Includes: Water, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $170
Complex is Completed
Management: Developer Control
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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