$62,000
●
Condo -
Off Market
5B Pirates Lane #5B
Gloucester, MA 01930
Studio
1 Bath
813 Ft²
$250,288
RealtyHop Estimate
247.62%
Since May 1, 1998
National-US
Primary Model
About This Property
EAST GLOUCESTER-WATERFRONT CONDO. PRESENTLY USED AS OFFICE SPACE.
AMPLE PARKING
Unit Size
813 Ft²
Days on Market
-
Land Size
-
Price per sqft
$89
Property Type
Condo
Property Taxes
$87
HOA Dues
$78
Year Built
1890
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Cap Rate Calculator
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Monthly Rental Income
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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: 4 years ago (MLSPIN #30196745)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 6, 1998 | Sold | ||
| Sold | |||
| Dec 10, 1997 | Listed by Annisquam Village Realty | $72,000 | |
| Listed by Annisquam Village Realty | |||
Property Highlights
Parking Available
Interior Details
Level: First
Level: First
Features: No
Full Bathrooms: 1
Interior Features: Office
Appliances: Range, Refrigerator
Rooms: 3
Basement: Y
Parking Details
Parking Features: Assigned
Exterior Details
Entry Level: 1
Security Features: Other
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Pirates Lane Condo Assoc.
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R3
Parcel Number: 1897067
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: 63
Tax Assessed Value: $56,500
Tax Annual Amount: $1,042
Utilities Details
Cooling Type: None
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Hot Water, Laundry
HOA Fee: $78
Community Features: Public Transportation
Complex is Completed
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 |
|---|---|---|---|---|---|---|---|
|
07/08/2025
|
1 Bed
|
1 Bath
|
787 ft²
|
$489,900
1 Bed
1 Bath
787 ft²
|
$460,000
-6.10%
08/22/2025
|
David Billard
Holly C & Co. Fine Homes
| |
|
06/21/2024
|
2 Bed
|
2 Bath
|
1481 ft²
|
$799,000
2 Bed
2 Bath
1481 ft²
|
-
-
|
Jan - Eileen Team
Keller Williams Realty
| |
|
05/17/2023
|
2 Bed
|
2 Bath
|
-
|
$849,000
2 Bed
2 Bath
|
-
-
|
Andrea Osbon
Churchill Properties
| |
|
08/09/2021
| |
2 Bed
|
2 Bath
|
1436 ft²
|
$1,159,000
2 Bed
2 Bath
1436 ft²
|
-
-
|
Julie Smith
Engel & Volkers By The Sea
|
|
03/31/2020
|
2 Bed
|
1 Bath
|
1114 ft²
|
$529,000
2 Bed
1 Bath
1114 ft²
|
$505,000
-4.54%
10/22/2020
|
Martha Anger
Engel & Volkers By The Sea
| |
|
03/31/2020
|
1 Bed
|
1 Bath
|
572 ft²
|
$399,000
1 Bed
1 Bath
572 ft²
|
$355,000
-11.03%
09/11/2020
|
Julie Smith
Engel & Volkers By The Sea
| |
|
09/30/2019
|
2 Bed
|
2 Bath
|
1436 ft²
|
$649,900
2 Bed
2 Bath
1436 ft²
|
$625,000
-3.83%
12/24/2019
|
SeaSide Sellers Team
Holly C & Co. Fine Homes
| |
|
12/12/2018
|
1 Bed
|
1 Bath
|
473 ft²
|
$245,000
1 Bed
1 Bath
473 ft²
|
$235,000
-4.08%
02/08/2019
|
Karin O'Donnell
Holly C & Co. Fine Homes
| |
|
07/05/2018
|
2 Bed
|
1 Bath
|
1114 ft²
|
$399,500
2 Bed
1 Bath
1114 ft²
|
$375,000
-6.13%
09/14/2018
|
Rosemary Quarato
RE/MAX 360
| |
|
07/03/2018
|
1 Bed
|
1 Bath
|
590 ft²
|
$308,000
1 Bed
1 Bath
590 ft²
|
$303,000
-1.62%
10/30/2018
|
Rick Petralia
Churchill Properties
| |
|
11/07/2017
|
2 Bed
|
1 Bath
|
1027 ft²
|
$369,900
2 Bed
1 Bath
1027 ft²
|
$365,000
-1.32%
01/08/2018
|
Karin O'Donnell
Holly C & Co. Fine Homes
| |
|
05/03/2017
|
1 Bed
|
1 Bath
|
787 ft²
|
$299,900
1 Bed
1 Bath
787 ft²
|
$299,900
06/12/2017
|
William Goodwin
Vadala Real Estate
| |
|
05/01/2016
|
1 Bed
|
1 Bath
|
558 ft²
|
$297,000
1 Bed
1 Bath
558 ft²
|
$293,500
-1.18%
08/22/2016
|
Ana & Rick Team
J. Barrett & Company
| |
|
03/01/2016
|
1 Bed
|
1 Bath
|
590 ft²
|
$295,000
1 Bed
1 Bath
590 ft²
|
$283,000
-4.07%
03/24/2016
|
The Rental Team
Hayden Rowe Properties
| |
|
03/19/2012
|
1 Bed
|
1 Bath
|
813 ft²
|
$174,900
1 Bed
1 Bath
813 ft²
|
$165,000
-5.66%
06/08/2012
|
Team Harborside
Harborside Realty
| |
|
01/08/2011
|
1 Bed
|
1 Bath
|
785 ft²
|
$169,900
1 Bed
1 Bath
785 ft²
|
$165,000
-2.88%
05/27/2011
|
Lynda Walsh
Tache Real Estate, Inc.
| |
|
06/04/2010
|
1 Bed
|
1 Bath
|
572 ft²
|
$314,000
1 Bed
1 Bath
572 ft²
|
$295,000
-6.05%
08/16/2010
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
04/15/2009
|
2 Bed
|
1 Bath
|
1129 ft²
|
$249,000
2 Bed
1 Bath
1129 ft²
|
$235,000
-5.62%
03/16/2010
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
04/29/2008
|
2 Bed
|
1 Bath
|
1114 ft²
|
$329,000
2 Bed
1 Bath
1114 ft²
|
$315,000
-4.26%
06/05/2009
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
10/17/2002
|
2 Bed
|
2 Bath
|
1436 ft²
|
$389,000
2 Bed
2 Bath
1436 ft²
|
$370,000
-4.88%
06/26/2003
|
J. Donald Spence
Coldwell Banker Residential Brokerage - Beverly
| |
|
08/08/2002
|
1 Bed
|
1 Bath
|
665 ft²
|
$299,000
1 Bed
1 Bath
665 ft²
|
$299,000
10/01/2002
|
Felicity Grant
Annisquam Village Realty
| |
|
06/26/2002
|
1 Bed
|
1 Bath
|
813 ft²
|
$249,500
1 Bed
1 Bath
813 ft²
|
$245,500
-1.60%
09/06/2002
|
Paul Dalzell
Coldwell Banker Residential Brokerage - Gloucester
| |
|
04/29/2002
|
1 Bed
|
1 Bath
|
473 ft²
|
$195,000
1 Bed
1 Bath
473 ft²
|
$190,000
-2.56%
08/22/2002
|
Kathryn Tully
Century 21 North East
| |
|
02/26/2002
|
2 Bed
|
1 Bath
|
1001 ft²
|
$299,000
2 Bed
1 Bath
1001 ft²
|
$295,000
-1.34%
06/13/2002
|
Mary Brancaleone
Coldwell Banker Residential Brokerage - Gloucester
| |
|
11/10/2001
|
2 Bed
|
2 Bath
|
1287 ft²
|
$279,900
2 Bed
2 Bath
1287 ft²
|
$279,900
01/04/2002
|
Laurie Lee
Carlson GMAC Real Estate
| |
|
06/26/2001
|
1 Bed
|
1 Bath
|
558 ft²
|
$189,900
1 Bed
1 Bath
558 ft²
|
$182,000
-4.16%
08/31/2001
|
Deborah Broderick
Carlson GMAC Real Estate
| |
|
05/18/2001
|
2 Bed
|
1 Bath
|
1027 ft²
|
$204,000
2 Bed
1 Bath
1027 ft²
|
$199,000
-2.45%
09/20/2001
|
Kathryn Tully
Century 21 North East
| |
|
05/08/2000
|
1 Bed
|
1 Bath
|
590 ft²
|
$177,000
1 Bed
1 Bath
590 ft²
|
$178,000
+0.56%
06/29/2000
|
Kathryn Tully
Century 21 North East
| |
|
03/02/2000
|
2 Bed
|
1 Bath
|
1001 ft²
|
$189,000
2 Bed
1 Bath
1001 ft²
|
$194,000
+2.65%
05/01/2000
|
Kathryn Tully
Century 21 North East
| |
|
04/06/1999
|
1 Bed
|
1 Bath
|
-
|
$149,500
1 Bed
1 Bath
|
$146,000
-2.34%
06/01/1999
|
Janet Johnson
Conway - Hingham
| |
|
01/14/1999
|
2 Bed
|
2 Bath
|
1436 ft²
|
$225,000
2 Bed
2 Bath
1436 ft²
|
$220,000
-2.22%
06/07/1999
|
Felicity Grant
Annisquam Village Realty
| |
|
05/11/1998
|
2 Bed
|
1 Bath
|
1017 ft²
|
$139,900
2 Bed
1 Bath
1017 ft²
|
$140,400
+0.36%
09/20/1999
|
Heidi Roberts
Keller Williams Realty Evolution
| |
|
03/03/1998
|
1 Bed
|
1 Bath
|
665 ft²
|
$129,900
1 Bed
1 Bath
665 ft²
|
$118,000
-9.16%
08/18/1998
|
Phyllis Kaplan
Carlson GMAC Real Estate
| |
|
12/10/1997
|
Studio
|
1 Bath
|
813 ft²
|
$72,000
Studio
1 Bath
813 ft²
|
$62,000
-13.89%
04/06/1998
|
Kristina Bengston
Annisquam Village Realty
| |
|
11/20/1997
|
Studio
|
1 Bath
|
473 ft²
|
$95,000
Studio
1 Bath
473 ft²
|
$95,000
06/11/1998
|
Kristina Bengston
Annisquam Village Realty
| |
|
06/23/1996
|
2 Bed
|
1 Bath
|
1400 ft²
|
$168,000
2 Bed
1 Bath
1400 ft²
|
$168,000
10/11/1996
|
Janet Johnson
Conway - Hingham
| |
|
07/24/1992
| |
Loft
|
1 Bath
|
917 ft²
|
$99,900
Loft
1 Bath
917 ft²
|
$95,000
-4.90%
07/01/1996
|
Janet Johnson
Conway - Hingham
|
|
02/20/1990
| |
Loft
|
1 Bath
|
1050 ft²
|
$148,000
Loft
1 Bath
1050 ft²
|
$147,000
-0.68%
06/28/1996
|
Janet Johnson
Conway - Hingham
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017