$122,000
●
Condo -
Off Market
53-2 Summer St. #2
Gloucester, MA 01930
2 Beds
1 Bath
1,020 Ft²
$449,933
RealtyHop Estimate
266.10%
Since May 1, 1997
National-US
Primary Model
About This Property
HANDSOME VICTORIAN WITH SPECTACULAR OCEAN VIEWS ,2BEDROOMS
FIREPLACED LIVING ROOM ,LARGEDECK,AMPLE PARKING,AND STORAGE.
Unit Size
1,020 Ft²
Days on Market
-
Land Size
-
Price per sqft
$120
Property Type
Condo
Property Taxes
$1,282
HOA Dues
$135
Year Built
-
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Cap Rate Calculator
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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 #30150439)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Listed | $579,000 | |
| Listed | |||
   | |||
|
Bright and sunny condo with expansive harbor views including Ten Pound Island and Dog Bar Breakwater. Whether morning mist or orange sunsets, the everchanging seascape offers a daily masterpiece right from your window. Hear the waves crashing into the sea wall from your breezy, 30-foot wrap around deck. This updated, well-kept condo features two generous bedrooms, hardwood flooring, updated bath and kitchen, great storage, and a seaside vibe. With downtown and the boulevard right outside your door, 53 Summer St is perfect for year-round living or a second home getaway.
| |||
| Dec 30, 2019 | Sold | ||
| Sold | |||
| Jul 17, 2019 | Listed by Prism Real Estate Group | $298,000 | |
| Listed by Prism Real Estate Group | |||
| | |||
|
First level, one level two bedroom unit in Island View Condominium with fabulous views of Gloucester Harbor out to Ten Pound Island. Enjoy the views from your own deck while waiting for morning coffee to brew and reap the reward of living so close to the water that you can feel the breeze on hot summer nights. Enjoy all of the summertime activities on Gloucester Boulevard and Main Street restaurants without living in the middle of it - leave the car at home - that's how close it is. Train station is less than a half mile away so if you are a commuter, this home offers a location with many amenities.
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Show More
Property Highlights
Garage
Parking Available
Interior Details
Level: First
Width: 14
Length: 11
Area: 154
Level: First
Width: 12
Length: 15
Area: 180
Length: 14
Level: First
Area: 252
Width: 18
Level: First
Length: 12
Width: 12
Area: 144
Length: 6
Level: First
Area: 66
Width: 11
Features: No
Full Bathrooms: 1
Interior Features: Office
Appliances: Electric Water Heater
Flooring Type: Vinyl, Carpet
Laundry Features: First Floor
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Off Street
Exterior Details
Entry Level: 1
Security Features: Other
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Island View Condominium
Structure Type: Townhouse
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Pool Features: Indoor
Lot Size Units: Acres
Zoning: R-4
Parcel Number: 1893449
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $945,000
Tax Annual Amount: $15,384
Utilities Details
Cooling Type: None
Heating Type: Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Storage
HOA Fee: $135
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Laundromat
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 |
|---|---|---|---|---|---|---|---|
|
02/26/2025
|
2 Bed
|
1 Bath
|
1020 ft²
|
$579,000
2 Bed
1 Bath
1020 ft²
|
$625,000
+7.94%
03/31/2025
|
Brian Carey
J. Barrett & Company
| |
|
03/29/2023
|
2 Bed
|
1 Bath
|
758 ft²
|
$399,900
2 Bed
1 Bath
758 ft²
|
$489,500
+22.41%
05/04/2023
|
Brian Carey
J. Barrett & Company
| |
|
07/17/2019
|
2 Bed
|
1 Bath
|
1020 ft²
|
$298,000
2 Bed
1 Bath
1020 ft²
|
$290,000
-2.68%
12/30/2019
|
Ruth Pino
RE/MAX 360
| |
|
08/13/2018
|
2 Bed
|
1 Bath
|
1010 ft²
|
$409,500
2 Bed
1 Bath
1010 ft²
|
$402,500
-1.71%
12/13/2018
|
Mark Vadala
Vadala Real Estate
| |
|
09/15/2016
|
2 Bed
|
1 Bath
|
698 ft²
|
$239,000
2 Bed
1 Bath
698 ft²
|
$232,500
-2.72%
11/17/2016
|
Patricia Cohen
Coldwell Banker Realty - Manchester
| |
|
09/07/2016
|
1 Bed
|
1 Bath
|
909 ft²
|
$299,000
1 Bed
1 Bath
909 ft²
|
$290,000
-3.01%
12/15/2016
|
Karen Bernier
Churchill Properties
| |
|
05/14/2015
|
2 Bed
|
1 Bath
|
1010 ft²
|
$324,900
2 Bed
1 Bath
1010 ft²
|
$314,500
-3.20%
08/10/2015
|
Beth Buckingham
J. Barrett & Company
| |
|
09/03/2011
|
2 Bed
|
1 Bath
|
1020 ft²
|
$284,999
2 Bed
1 Bath
1020 ft²
|
$272,000
-4.56%
10/12/2012
|
Carole Sharoff
AVH Realty
| |
|
02/10/2011
|
2 Bed
|
1 Bath
|
698 ft²
|
$139,000
2 Bed
1 Bath
698 ft²
|
$139,000
03/25/2011
|
Christine Marino Gordon
Sagan Harborside Sotheby's International Realty
| |
|
08/09/2010
|
2 Bed
|
1 Bath
|
1020 ft²
|
$320,000
2 Bed
1 Bath
1020 ft²
|
-
-
|
Carole Sharoff
AVH Realty
| |
|
04/16/2007
|
2 Bed
|
1 Bath
|
1010 ft²
|
$349,000
2 Bed
1 Bath
1010 ft²
|
$325,000
-6.88%
09/06/2007
|
Chris Viegaard
Churchill Properties
| |
|
03/31/2005
|
2 Bed
|
1 Bath
|
1010 ft²
|
$329,000
2 Bed
1 Bath
1010 ft²
|
$322,500
-1.98%
07/08/2005
|
Ron Goulart & Jennifer Anderson
RE/MAX Beacon
| |
|
08/24/2000
|
2 Bed
|
1 Bath
|
700 ft²
|
$125,000
2 Bed
1 Bath
700 ft²
|
$125,000
10/30/2000
|
Shelley Vincent
Holly C & Co. Fine Homes
| |
|
04/03/1998
|
2 Bed
|
1 Bath
|
700 ft²
|
$95,000
2 Bed
1 Bath
700 ft²
|
$93,000
-2.11%
07/13/1998
|
Darren Sidell
Coldwell Banker Residential Brokerage - Gloucester
| |
|
03/03/1997
|
2 Bed
|
1 Bath
|
1020 ft²
|
$122,900
2 Bed
1 Bath
1020 ft²
|
$122,000
-0.73%
04/25/1997
|
Shelley Vincent
Holly C & Co. Fine Homes
|
Building Info
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