$465,000
●
Condo -
Off Market
62 Eastern Point Road #4
Gloucester, MA 01930
2 Beds
2 Baths,
1
Half Bath
892 Ft²
$525,935
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
What used to be "Niles Beach Hotel & Cottages" - since transformed
into the lovely "Seacroft" condos - consists of 6 units of
picturesque year-round beach living. Nestled right in the
exclusive enclave of waterfront properties along Gloucester's Niles
Beach, Unit #4 is one of only two free-standing condos in the
complex, which makes it feel like a single family home.
Totally adorable and bursting with charm. Water views
from each level - including the Boston city skyline!
Completely renovated in 2013, this 2-Bedroom, 1.5-Bath offers
hardwood floors, stainless steel appliances, 2-car deeded parking
and low condo fees. Beach living all year round. A very
special place to call home.
Unit Size
892 Ft²
Days on Market
-
Land Size
-
Price per sqft
$504
Property Type
Condo
Property Taxes
$400
HOA Dues
$179
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 #72824406)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2021 | Sold | ||
| Sold | |||
| May 3, 2021 | Listed by Sagan Harborside Sotheby's International Realty | $449,500 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| Jan 24, 2014 | Sold | ||
| Sold | |||
| Nov 14, 2013 | Listed by Churchill Properties | $309,000 | |
| Listed by Churchill Properties | |||
| | |||
|
Single Family at the Seacroft Condos! Steps to Niles Beach! Stand alone single family townhouse. Ocean breezes and peeks of the harbor. Vacation getaway or year round residence. Newly and completely renovated 2 BR, 1.5 BA offers hardwood floors, stainless steel appliances, 2 car parking and low condo fees. This is your chance to live by the beach. Only 2 left!
| |||
Property Highlights
Parking Available
Interior Details
Level: First
Level: Third
Level: First
Level: Second
Level: First
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Electric Water Heater
Laundry Features: Second Floor
Rooms: 4
Basement: N
Parking Details
Parking Features: Deeded, Off Street
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: The Seacroft
Structure Type: Detached
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R-10
Parcel Number: 106366, 4912321
Water Source: Public
Financial Details
Tax Map Number: 133
Tax Assessed Value: $385,500
Tax Annual Amount: $4,796
Utilities Details
Cooling Type: Heat Pump
Heating Type: Forced Air, Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Association Fee Frequency: Monthly
HOA Fee: $179
Pets Allowed: Yes
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 |
|---|---|---|---|---|---|---|---|
|
11/05/2025
|
2 Bed
|
1 Bath
|
937 ft²
|
$550,000
2 Bed
1 Bath
937 ft²
|
$550,000
12/22/2025
|
Monahan Barker Team
LandVest, Inc., Ipswich
| |
|
05/03/2021
|
2 Bed
|
2 Bath
|
892 ft²
|
$449,500
2 Bed
2 Bath
892 ft²
|
$465,000
+3.45%
06/28/2021
|
The Murray Brown Group
Sagan Harborside Sotheby's International Realty
| |
|
05/18/2017
|
3 Bed
|
2 Bath
|
1263 ft²
|
$439,000
3 Bed
2 Bath
1263 ft²
|
$432,000
-1.59%
06/30/2017
|
Rick Petralia
Churchill Properties
| |
|
11/14/2013
|
2 Bed
|
2 Bath
|
892 ft²
|
$309,000
2 Bed
2 Bath
892 ft²
|
$290,000
-6.15%
01/24/2014
|
Robin Martyn
Churchill Properties
| |
|
07/13/2013
|
2 Bed
|
1 Bath
|
937 ft²
|
$295,000
2 Bed
1 Bath
937 ft²
|
$290,000
-1.69%
12/30/2013
|
Ron Goulart & Jennifer Anderson
RE/MAX Advantage Real Estate
| |
|
05/24/2013
|
2 Bed
|
1 Bath
|
937 ft²
|
$309,000
2 Bed
1 Bath
937 ft²
|
$290,000
-6.15%
09/27/2013
|
Lauretta Raffi
Premier Realty Group, Inc.
| |
|
06/13/2012
| |
Loft
|
-
|
9610 ft²
|
$975,000
Loft
-
9610 ft²
|
$875,000
-10.26%
11/07/2012
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017