47 Tower
About This Property
Payment Calculator (Computations Provided by RealtyHop)
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 7, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | Listed by Compass New England, LLC | $2,995,000 | |
| Listed by Compass New England, LLC | |||
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Oct 16, 2023 | No longer available | - | |
| No longer available | |||
| Sep 29, 2023 | Listed by Anne Erwin Sotheby's International Realty | $1,895,000 | |
| Listed by Anne Erwin Sotheby's International Realty | |||
| | |||
|
Get ready for a sense of calm as you cross the Gerrish Island Bridge over Chauncey Creek in Kittery Point. Allow the tranquility to wash over you as you navigate through the wooded street, leading you to your serene haven at 47 Tower Road. This is a unique opportunity to create your dream home, framed by tidal marshes and the Rachel Carson Nature Reserve, on the 8.5+/- acre lot with over 2,100 feet on the banks of Chauncey Creek. Design your home to capture the boundless views of the saltmarsh to the open ocean waters beyond. The 150' wooden dock allows you to ''put-in'' your watercraft at high tide to explore the many meandering waterways. Existing, is a Post and Beam structure and a two-car detached garage with circular driveway that provides a considerable footprint from which to establish your new home. Bring your architect, your builder, and your imagination to create the ultimate seaside escape. A three-bedroom septic design is approved and ready to be installed. An existing well along with Kittery summer water connection and underground utilities currently serve the property. Live in this peaceful location with quick access to local Kittery beaches, restaurants and shops.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017