$1,055,000
●
Condo -
Off Market
5 Babson Street #2
Gloucester, MA 01930
2 Beds
2 Baths
1,710 Ft²
$6,094
Est. Monthly
$419
HOA / Fees
2.22%
Cap Rate
About This Property
Property will be listed as a private exclusive for the remainder of
the season. Perched atop Gloucester, this spacious condo once home
to a ship captain boasts timeless charm. Oversized windows frame
breathtaking panoramic views of the harbor, Ten Pound Island, and a
cityscape that has inspired artists for generations. Step inside to
a formal living room or study with marble fireplace providing the
perfect work-from-home retreat, adjacent to the family room where
natural light pours through and a spacious private deck awaits. The
kitchen showcases stainless steel appliances, soapstone
countertops, and a breakfast bar that opens into a formal dining
area. The interior is complete with newly installed mini-splits,
hardwood floors, and custom closets. Located in the heart of
Gloucester's downtown area. Your search for the perfect balance of
location, lifestyle, and lasting value ends here-where Gloucester's
colorful past and bright future meet right outside your window.
Unit Size
1,710 Ft²
Days on Market
-
Land Size
-
Price per sqft
$617
Property Type
Condo
Property Taxes
$495
HOA Dues
$419
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 8 months ago (MLSPIN #73344778)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Apr 20, 2026 | Listed by Compass | $1,055,000 | |
| Listed by Compass | |||
   | |||
|
OFFER ACCEPTED. OPEN HOUSE CANCELLED. can show for back up offers. Perched atop Gloucester, this spacious condo once home to a ship captain boasts timeless charm. Oversized windows frame breathtaking panoramic views of the harbor, Ten Pound Island, and a cityscape that has inspired artists for generations. Step inside to a formal living room or study with marble fireplace providing the perfect work-from-home retreat, adjacent to the family room where natural light pours through and a spacious private deck awaits. The kitchen showcases stainless steel appliances, soapstone countertops, and a breakfast bar that opens into a formal dining area. The interior is complete with newly installed mini-splits, hardwood floors, and custom closets. Located in the heart of Gloucester's downtown area. Your search for the perfect balance of location, lifestyle, and lasting value ends here—where Gloucester's colorful past and bright future meet right outside your window.
| |||
| Mar 31, 2026 | No longer available | - | |
| No longer available | |||
| Nov 4, 2025 | Withdrawn | - | |
| Withdrawn | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Off Street
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Wired for Sound, Internet Available - Broadband
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Flooring Type: Tile, Carpet, Hardwood
Laundry Features: In Unit, Electric Dryer Hookup, Washer Hookup, First Floor
Rooms: 6
Has Fireplace
Fireplace Features: Living Room, Bedroom
Fireplaces: 2
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1710
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Building Name: Briarcliff Estates
Building Area Total: 1710
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck, Deck - Wood
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $610,000
Tax Annual Amount: $5,935
Utilities Details
Cooling Type: Ductless
Heating Type: Baseboard, Oil, Ductless
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
HOA Fee: $419
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 |
|---|---|---|---|---|---|---|---|
|
04/20/2026
|
2 Bed
|
2 Bath
|
1710 ft²
|
$1,055,000
2 Bed
2 Bath
1710 ft²
|
$1,052,000
-0.28%
07/07/2026
|
Amanda Armstrong Group
Compass
| |
|
03/12/2025
|
2 Bed
|
2 Bath
|
1710 ft²
|
$1,080,000
2 Bed
2 Bath
1710 ft²
|
-
-
|
Amanda Armstrong Group
Compass
| |
|
08/14/2024
|
2 Bed
|
2 Bath
|
1710 ft²
|
$995,000
2 Bed
2 Bath
1710 ft²
|
$975,000
-2.01%
09/30/2024
|
Scott Smith
Coldwell Banker Realty - Manchester
| |
|
08/15/1996
|
2 Bed
|
2 Bath
|
1432 ft²
|
$159,900
2 Bed
2 Bath
1432 ft²
|
$159,000
-0.56%
06/30/1997
|
Jeanette Molk
Coldwell Banker Residential Brokerage - Beverly
| |
|
04/13/1996
|
2 Bed
|
2 Bath
|
1300 ft²
|
$149,900
2 Bed
2 Bath
1300 ft²
|
$150,259
+0.24%
06/23/1996
|
Joanne Puleo
Carlson GMAC Real Estate
| |
|
10/14/1995
|
2 Bed
|
2 Bath
|
1500 ft²
|
$129,000
2 Bed
2 Bath
1500 ft²
|
$139,900
+8.45%
06/27/1996
|
Peter Lane
Century 21 N. Shore By The Sea
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017