$2,400,000
●
Condo -
Off Market
49 Riverside Ave #49
Gloucester, MA 01930
3 Beds
4 Baths,
1
Half Bath
2,683 Ft²
$13,497
Est. Monthly
$546
HOA / Fees
0.76%
Cap Rate
About This Property
Experience the pinnacle of condo living at Anchor Works, perfectly
situated along the stunning Annisquam River. Immerse yourself in
the vibrant atmosphere with plenty of boat activity, complemented
by a convenient DEEP WATER DOCK capable of hosting boats up to 30
feet, granting you direct river access. As the day unfolds, relish
in breathtaking sunsets that paint the sky in hues of warmth and
tranquility. Enjoy the best of both worlds - the serenity of life
by the river, where each day brings new scenic wonders, and the
convenience of being mere minutes from downtown Gloucester and its
bustling waterfront, plus only 20 minutes to Beverly Airport. With
easy highway access just seconds away, Anchor Works offers a
lifestyle that seamlessly blends waterfront serenity with the urban
convenience of easy commuting. Revel in the beauty of your
surroundings, from vibrant daytime activities to the magical allure
of sunset vistas.
Unit Size
2,683 Ft²
Days on Market
-
Land Size
-
Price per sqft
$895
Property Type
Condo
Property Taxes
$1,167
HOA Dues
$546
Year Built
2017
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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: 3 years ago (MLSPIN #73230673)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Jul 3, 2024 | In contract | - | |
| In contract | |||
| Apr 30, 2024 | Listed by Engel & Volkers By the Sea | $2,400,000 | |
| Listed by Engel & Volkers By the Sea | |||
| | |||
|
Experience the pinnacle of condo living at Anchor Works, perfectly situated along the stunning Annisquam River. Immerse yourself in the vibrant atmosphere with plenty of boat activity, complemented by a convenient DEEP WATER DOCK capable of hosting boats up to 30 feet, granting you direct river access. As the day unfolds, relish in breathtaking sunsets that paint the sky in hues of warmth and tranquility. Enjoy the best of both worlds - the serenity of life by the river, where each day brings new scenic wonders, and the convenience of being mere minutes from downtown Gloucester and its bustling waterfront, plus only 20 minutes to Beverly Airport. With easy highway access just seconds away, Anchor Works offers a lifestyle that seamlessly blends waterfront serenity with the urban convenience of easy commuting. Revel in the beauty of your surroundings, from vibrant daytime activities to the magical allure of sunset vistas.
| |||
| Dec 15, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 27, 2023 | Listed by Engel & Volkers By the Sea | $2,600,000 | |
| Listed by Engel & Volkers By the Sea | |||
| | |||
|
Experience the pinnacle of condo living at Anchor Works, perfectly situated along the stunning Annisquam River. Immerse yourself in the vibrant atmosphere with plenty of boat activity, complemented by a convenient DEEP WATER DOCK capable of hosting boats up to 30 feet, granting you direct river access. As the day unfolds, relish in breathtaking sunsets that paint the sky in hues of warmth and tranquility. Enjoy the best of both worlds - the serenity of life by the river, where each day brings new scenic wonders, and the convenience of being mere minutes from downtown Gloucester and its bustling waterfront, plus only 20 minutes to Beverly Airport. With seamless highway access just seconds away, Anchor Works offers a lifestyle that seamlessly blends waterfront serenity with the urban convenience of easy commuting. Revel in the beauty of your surroundings, from vibrant daytime activities to the magical allure of sunset vistas.
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: First
Features: Flooring - Wood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Pot Filler Faucet, Wine Chiller, Gas Stove
Level: Second
Features: Bathroom - 3/4, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Walk-In Closet(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Level: Second
Features: Walk-In Closet(s), Flooring - Wood
Features: Bathroom - 3/4
Level: Basement
Features: Flooring - Hardwood, Open Floorplan
Level: First
Features: Bathroom - Half, Flooring - Wood
Level: First
Features: Bathroom - Full, Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Hardwood
Level: Second
Level: First
Features: Ceiling Fan(s), Flooring - Wood, Deck - Exterior, Exterior Access, Open Floorplan
Level: Basement
Features: Exterior Access
Features: Bathroom - 3/4, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Level: Second
Level: First
Features: Flooring - Wood
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bathroom - 3/4, Bathroom - With Shower Stall, Home Office, Bathroom
Appliances: Oven, Dishwasher, Disposal, Range, Refrigerator, Wine Refrigerator, Plumbed For Ice Maker
Flooring Type: Wood, Tile, Flooring - Stone/Ceramic Tile
Laundry Features: Flooring - Wood, Second Floor, In Unit, Washer Hookup
Rooms: 8
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 2
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Garage Faces Side, Off Street, Paved
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Anchorworks
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Deck, Patio, Covered
Lead Paint: None
Lot Size Units: Acres
Zoning: R-10
Parcel Number: M:0021 B:0012 L:0049, 5092262
Water Source: Public
Financial Details
Tax Assessed Value: $1,438,800
Tax Annual Amount: $14,000
Utilities Details
Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, Washer Hookup, Icemaker Connection
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal
Association Fee Frequency: Annually
HOA Fee: $6,550
Community Features: Public Transportation, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, Marina, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
11/27/2023
|
3 Bed
|
4 Bath
|
-
|
$2,600,000
3 Bed
4 Bath
|
-
-
|
Brackett Janis Group
Engel & Volkers Gloucester
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017