7 Bass Rocks Rd
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 2, 2024 | In contract | - | |
| In contract | |||
| Jun 3, 2024 | Price Decreased |
$3,750,000
↓ $245K
(6.1%) | |
| Price Decreased | |||
| Apr 22, 2024 | Price Decreased |
$3,995,000
↓ $255K
(6%) | |
| Price Decreased | |||
| Nov 28, 2023 | Listed by Compass | $4,250,000 | |
| Listed by Compass | |||
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Nestled in the heart of one of Gloucester's most sought-after neighborhoods, 7 Bass Rocks Rd is an iconic Cape Ann home offering panoramic views of the gorgeous rocky coast and endless ocean. This stately waterfront property exudes classic New England charm with its shingle-style exterior, enviable wrap-around porch, and warm interior that speaks to its continued heritage as one of Bass Rock’s premier beach homes and many wonderful days set upon the backdrop of the beautiful Atlantic Ocean.With unobstructed ocean views and with renowned Good Harbor Beach a very short distance, this home presents an idyllic coastal lifestyle. Stepping through the front door, you are greeted by a sense of comfortable luxury with rich hardwood floors and many original details including intricate moldings, and large windows that frame panoramic views of the sea. Each room tells a story of days well spent by the sea. This is a once-in-a-lifetime home that offers the best of life by the sea in Cape Ann.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017