$1,200,000
●
Condo -
Off Market
61 Shore Road #2
Gloucester, MA 01930
4 Beds
2 Baths
1,767 Ft²
$1,209,342
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
STAND ALONE...Charming waterfront Magnolia Village home.
Magnolia is described by some as"The gem of Gloucester" One
of three separate dwellings.(condos).In addition to spectacular
waterviews and sunsets this home offers charm, character, and
has been very well cared for buy this owner for 30 years..Beautiful
wood floors throughout. The beach, shopping, restaurants,
library, and town dock are within a block for your enjoyment
and use. Nearby visit Hammond Castle, Rafe's Chasm and Ravenswood
Park..There is no condo fee There is a shared cost of Master
Insurance and septic maintenance. There is potential for a first
floor bedroom suite...Walk up attic. NO love letters. Furnace 2007,
Roof 2010, Generator 2016-17, 2 sides shingled 2019.... Min 24
hours for offer response that includes approval or proof of funds.
6' ROW at back lot line.Buyer/Buyer agent to do own due
diligence.
Unit Size
1,767 Ft²
Days on Market
-
Land Size
-
Price per sqft
$679
Property Type
Condo
Property Taxes
$784
HOA Dues
-
Year Built
-
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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: 5 years ago (MLSPIN #72956253)
Price History
Property Highlights
Parking Available
Interior Details
Level: First
Level: Second
Level: Second
Level: Second
Level: First
Level: First
Level: Second
Level: First
Level: Second
Level: First
Features: No
Full Bathrooms: 2
Interior Features: Mud Room, Foyer
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Propane Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
Flooring Type: Wood
Laundry Features: Second Floor, In Unit, Washer Hookup
Rooms: 9
Has Fireplace
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Off Street, Deeded
Exterior Details
Entry Level: 1
Year Built Source: Owner
Year Built Details: Approximate, Renovated Since
PropertySubType: Condominium
Building Name: The Shore Road Condominium
Structure Type: Detached
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck - Roof, Patio
Lead Paint: Unknown
Lot Size Units: Acres
Parcel Number: 1901898
Water Source: Public, Individual Meter
Financial Details
Tax Assessed Value: $802,000
Tax Annual Amount: $9,407
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Cooling Type: None
Heating Type: Baseboard, Propane
Sewer : Private Sewer
Location Details
Pets Allowed: Yes
Complex is Completed
Management: No Management
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 |
|---|---|---|---|---|---|---|---|
|
03/23/2022
|
4 Bed
|
2 Bath
|
1767 ft²
|
$1,200,000
4 Bed
2 Bath
1767 ft²
|
$1,200,000
06/01/2022
|
Ida Doane
J. Barrett & Company
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017