$400,000
●
Condo -
Off Market
5 Pirates Lane #6
Gloucester, MA 01930
2 Beds
1 Bath
1,027 Ft²
$440,093
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Beautiful Waterfront East Gloucester Condo with views of Smith's
Cove and Gloucester Harbor. Spacious open living room, dining room
and kitchen combination. Vaulted ceilings, stainless appliances and
breakfast bar with a slider out to a deck with a marina view. There
is ample storage and deeded parking for one car plus guest parking.
This location is FANTASTIC! There is a marina in your front yard!
Walking distance to the Rocky Neck Art Colony, shops and
restaurants. Minutes to Niles Beach!
Unit Size
1,027 Ft²
Days on Market
-
Land Size
-
Price per sqft
$360
Property Type
Condo
Property Taxes
$358
HOA Dues
$493
Year Built
1890
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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: 5 years ago (MLSPIN #72800588)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2021 | Sold | ||
| Sold | |||
| Mar 16, 2021 | Listed by Churchill Properties | $370,000 | |
| Listed by Churchill Properties | |||
| Jan 8, 2018 | Sold | ||
| Sold | |||
| Nov 7, 2017 | Listed by Churchill Properties | $369,900 | |
| Listed by Churchill Properties | |||
| | |||
|
Beautiful Waterfront East Gloucester Condo with views of Smiths Cove and Gloucester Harbor. Spacious Open Living, Dining, Master Bedroom and Kitchen Floor Plan. Extra Storage, Ample Parking, Beautiful Hardwood Floors, Stainless Steel Appliances with Building Laundry Facilities. Walk to Rocky Neck Art Colony, Nile's Beach, Shops, and Restaurants. This one is not to be missed. Showings: Day and Evening appointments
| |||
| Mar 16, 2010 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Interior Details
Level: First
Features: Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Marble, Kitchen Island, Breakfast Bar / Nook
Level: First
Features: Closet, Flooring - Hardwood
Width: 10
Length: 12
Area: 120
Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: First
Length: 19
Level: First
Area: 323
Features: Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Deck - Exterior, Exterior Access, Slider
Width: 17
Features: Closet, Flooring - Hardwood
Level: First
Length: 18
Width: 11
Area: 198
Features: No
Full Bathrooms: 1
Interior Features: Den
Appliances: Range, Dishwasher, Microwave, Refrigerator, Gas Water Heater, Tank Water Heater
Flooring Type: Wood, Flooring - Hardwood
Laundry Features: In Building
Rooms: 5
Basement: N
Parking Details
Parking Features: Off Street, Deeded, Guest, Stone/Gravel
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame, Post & Beam
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: MI
Parcel Number: 1897070
Water Source: Public
Financial Details
Tax Map Number: 63
Tax Assessed Value: $345,400
Tax Annual Amount: $4,297
Utilities Details
Cooling Type: None
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Laundry
Association Fee Frequency: Monthly
HOA Fee: $493
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
04/17/2024
|
2 Bed
|
2 Bath
|
1436 ft²
|
$849,000
2 Bed
2 Bath
1436 ft²
|
$835,000
-1.65%
06/03/2024
|
Hilary Dunlavey
Compass
| |
|
03/16/2021
|
2 Bed
|
1 Bath
|
1027 ft²
|
$370,000
2 Bed
1 Bath
1027 ft²
|
$400,000
+8.11%
05/14/2021
|
Karen Bernier
Churchill Properties
| |
|
10/22/2020
|
2 Bed
|
1 Bath
|
1001 ft²
|
$399,000
2 Bed
1 Bath
1001 ft²
|
$460,100
+15.31%
01/28/2021
|
Hannah Barker
LandVest, Inc., Ipswich
| |
|
07/23/2020
|
2 Bed
|
1 Bath
|
1012 ft²
|
$394,999
2 Bed
1 Bath
1012 ft²
|
$377,000
-4.56%
11/12/2020
|
Jonathan Mathews
Keller Williams Realty Boston-Metro | Back Bay
| |
|
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
|
|
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 Gamble 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
|
Harkins Team
Lamacchia Realty, Inc.
| |
|
08/01/2018
|
2 Bed
|
1 Bath
|
852 ft²
|
$380,000
2 Bed
1 Bath
852 ft²
|
$359,500
-5.39%
11/08/2018
|
Mark Pitzi
Coldwell Banker Realty - Beverly
| |
|
07/05/2018
|
2 Bed
|
1 Bath
|
1114 ft²
|
$399,500
2 Bed
1 Bath
1114 ft²
|
$375,000
-6.13%
09/14/2018
|
Michelle Mineo
Coldwell Banker Realty - Beverly
| |
|
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
| |
|
04/05/2018
|
2 Bed
|
1 Bath
|
1012 ft²
|
$389,900
2 Bed
1 Bath
1012 ft²
|
$375,000
-3.82%
06/01/2018
|
Mark Pitzi
Coldwell Banker Realty - Beverly
| |
|
12/03/2017
|
2 Bed
|
2 Bath
|
1481 ft²
|
$610,000
2 Bed
2 Bath
1481 ft²
|
$610,000
12/29/2017
|
Jan - Eileen Team
Keller Williams Realty
| |
|
12/03/2017
|
2 Bed
|
1 Bath
|
1001 ft²
|
$410,000
2 Bed
1 Bath
1001 ft²
|
$410,000
12/29/2017
|
Jan - Eileen Team
Keller Williams Realty Evolution
| |
|
11/07/2017
|
2 Bed
|
1 Bath
|
1027 ft²
|
$369,900
2 Bed
1 Bath
1027 ft²
|
$365,000
-1.32%
01/08/2018
|
Karen Bernier
Churchill Properties
| |
|
05/03/2017
|
1 Bed
|
1 Bath
|
787 ft²
|
$299,900
1 Bed
1 Bath
787 ft²
|
$299,900
06/12/2017
|
Karin O'Donnell
Holly C & Co. Fine Homes
| |
|
05/04/2016
|
2 Bed
|
1 Bath
|
1001 ft²
|
$399,995
2 Bed
1 Bath
1001 ft²
|
$399,500
-0.12%
06/09/2016
|
Jan - Eileen Team
Keller Williams Realty
| |
|
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
|
Non Member
State Wide MLS of Rhode Island
| |
|
09/10/2015
|
1 Bed
|
1 Bath
|
665 ft²
|
$335,000
1 Bed
1 Bath
665 ft²
|
$300,000
-10.45%
10/19/2015
|
Patricia McCormick
J. Barrett & Company
| |
|
05/04/2014
|
1 Bed
|
1 Bath
|
590 ft²
|
$289,000
1 Bed
1 Bath
590 ft²
|
$265,000
-8.30%
07/29/2014
|
Jan Pellegrini
Keller Williams Realty Evolution
| |
|
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
Sagan Harborside Sotheby's International Realty
| |
|
09/18/2010
|
1 Bed
|
1 Bath
|
558 ft²
|
$299,000
1 Bed
1 Bath
558 ft²
|
-
-
|
Lane Team
North Shore's Gold Coast Realty
| |
|
06/16/2010
|
1 Bed
|
1 Bath
|
785 ft²
|
$175,000
1 Bed
1 Bath
785 ft²
|
-
-
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
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
| |
|
11/19/2009
|
1 Bed
|
1 Bath
|
558 ft²
|
$285,000
1 Bed
1 Bath
558 ft²
|
-
-
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
10/09/2009
|
1 Bed
|
1 Bath
|
590 ft²
|
$299,000
1 Bed
1 Bath
590 ft²
|
-
-
|
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
| |
|
09/10/2008
|
2 Bed
|
1 Bath
|
1001 ft²
|
$349,000
2 Bed
1 Bath
1001 ft²
|
$345,000
-1.15%
10/20/2008
|
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
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017