$290,000
●
House -
Off Market
62 Eastern Point Road #4
Gloucester, MA 01930
2 Beds
2 Baths,
1
Half Bath
892 Ft²
$600,469
RealtyHop Estimate
94.33%
Since Feb 1, 2014
National-US
Primary Model
About This Property
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!
Unit Size
892 Ft²
Days on Market
-
Land Size
-
Price per sqft
$346
Property Type
House
Property Taxes
-
HOA Dues
$93
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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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: 4 years ago (MLSPIN #71608264)
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 | |||
| | |||
|
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.
| |||
| Jan 24, 2014 | Sold | ||
| Sold | |||
| Nov 14, 2013 | Listed by Churchill Properties | $309,000 | |
| Listed by Churchill Properties | |||
Property Highlights
Parking Available
Interior Details
Level: First
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid
Level: Second
Features: Bathroom - Full, Flooring - Marble
Level: Third
Features: Flooring - Hardwood
Features: Bathroom - Half
Level: First
Features: Flooring - Hardwood
Level: Second
Level: First
Features: Flooring - Hardwood
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Electric Water Heater
Flooring Type: Marble, Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup, Second Floor
Rooms: 4
Parking Details
Parking Features: Paved Drive, Assigned
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Single Family Residence
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R-10
Parcel Number: 1900352
Water Source: Public
Utilities Details
Cooling Type: Other
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA Fee: $93
Community Features: Public Transportation, Private School
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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