5 Independence Way #C
About This Property
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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%.
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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 |
|---|---|---|---|
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Jan 21, 2025 | Listed by J. Barrett & Company | $795,000 | |
| Listed by J. Barrett & Company | |||
| | |||
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Experience coastal charm at this well-maintained 2-bedroom, 1.5-bath townhouse-style condo in desirable Glover Landing. The first floor features a cozy kitchen and a spacious open dining/living area with a fireplace and oversized sliders leading to a private covered deck—perfect for entertaining or enjoying breathtaking harbor views. Upstairs, you'll find two generously sized bedrooms, including a main bedroom with double closets and stunning harbor vistas, as well as a full bath and in-unit laundry. Additional highlights include wood flooring throughout, a pull-down attic for seasonal storage, 1 assigned parking space, and a separate storage area.As a Glover Landing resident, you'll enjoy amenities such as a private beach, a clubroom for events, a dock, beautifully landscaped grounds, and on-site maintenance. Embrace the ultimate seaside lifestyle and all the charm Marblehead has to offer!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/21/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$795,000
2 Bed
2 Bath
1200 ft²
|
$775,000
-2.52%
02/27/2025
|
Niamh Callahan
J. Barrett & Company
| |
|
03/05/2020
|
3 Bed
|
2 Bath
|
1800 ft²
|
$929,900
3 Bed
2 Bath
1800 ft²
|
$910,000
-2.14%
09/17/2020
|
Catherine St. Pierre
Armstrong Field Real Estate
| |
|
06/02/2015
|
3 Bed
|
2 Bath
|
1800 ft²
|
$739,900
3 Bed
2 Bath
1800 ft²
|
$732,450
-1.01%
05/27/2016
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
05/02/2011
|
2 Bed
|
2 Bath
|
1200 ft²
|
$549,000
2 Bed
2 Bath
1200 ft²
|
$525,000
-4.37%
07/28/2011
|
Rita Havens
Coldwell Banker Realty - Marblehead
| |
|
03/25/2010
|
2 Bed
|
2 Bath
|
1200 ft²
|
$459,000
2 Bed
2 Bath
1200 ft²
|
$430,000
-6.32%
06/07/2010
|
Joanna Hochman
Gibson Sotheby's International Realty
| |
|
07/21/2008
|
1 Bed
|
1 Bath
|
600 ft²
|
$289,900
1 Bed
1 Bath
600 ft²
|
$225,000
-22.39%
11/10/2008
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
12/08/2004
|
1 Bed
|
1 Bath
|
600 ft²
|
$350,000
1 Bed
1 Bath
600 ft²
|
$350,000
01/19/2005
|
Patricia Kane
William Raveis R.E. & Home Services
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017