$300,000
●
Condo -
Off Market
5 Pirates Ln #9
Gloucester, MA 01930
1 Bed
1 Bath
665 Ft²
$594,236
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model
About This Property
East Gloucester jewel located on historic Reed's Wharf, this corner
unit boasts spectacular views of the harbor and Smith Cove.
Walk to area shops and restaurants, Rocky Neck Artist Colony,
Gloucester Stage Company or just relax on your deck overlooking the
harbor. Open concept granite kitchen, high ceilings and
living room with a turret window seat with views of the harbor.
Den/Office/ Guest Bedroom with closet, stained glass windows and
french doors. Close to Niles and Good Harbor beach with fenced in
yard and garden area for entertaining, cookouts or a quiet spot to
read. Enjoy a waterfront lifestyle on historic Gloucester
harbor Please join us for our FIRST OPEN HOUSE Sunday
-September 13th from 2:00 -4:00
Unit Size
665 Ft²
Days on Market
-
Land Size
-
Price per sqft
$504
Property Type
Condo
Property Taxes
$291
HOA Dues
$260
Year Built
1890
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: 4 years ago (MLSPIN #71902498)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2015 | Sold | ||
| Sold | |||
| Sep 10, 2015 | Listed by J. Barrett & Company | $335,000 | |
| Listed by J. Barrett & Company | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Main
Features: Flooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, French Doors, Deck - Exterior, Open Floorplan, Remodeled
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower
Level: Second
Features: Flooring - Wall to Wall Carpet, French Doors
Features: Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Level: Main
Level: Second
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet, Balcony / Deck, French Doors
Features: No
Full Bathrooms: 1
Interior Features: Closet, Den
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Utility Connections for Electric Oven
Flooring Type: Wood, Carpet, Flooring - Wall to Wall Carpet
Laundry Features: First Floor, In Building
Rooms: 3
Basement: Y
Parking Details
Parking Features: Off Street, Common, Guest
Exterior Details
Entry Level: 2
Property Condition: Updated/Remodeled
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Condominium
Building Name: Pirates Lane Condominium
Structure Type: Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Window(s) - Bay/Bow/Box, Window(s) - Stained Glass
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R3
Parcel Number: M:0063 B:0044 L:0009, 1897074
Water Source: Public
Financial Details
Tax Assessed Value: $255,600
Tax Annual Amount: $3,489
Utilities Details
Utilities: for Electric Oven
Cooling Type: Central Air
Heating Type: Forced Air, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry, Storage, Garden Area
Association Fee Frequency: Monthly
HOA Fee: $260
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, House of Worship, Marina, Private School, Public School
Pets Allowed: Yes w/ Restrictions
Complex is Completed
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
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017