70 Grapevine Road #B
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%.
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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 |
|---|---|---|---|
| Jul 20, 2026 | Listed by Engel & Volkers By the Sea | $2,300,000 | |
| Listed by Engel & Volkers By the Sea | |||
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Schooner Watch - Wake up to gorgeous Atlantic Ocean views from this exceptional condominium on Gloucester’s highly sought-after Back Shore. Perfectly positioned to enjoy the best of coastal living, the property is just minutes from the Good Harbor Beach footbridge, Niles Beach and the vibrant Rocky Neck Art Colony. Spend your days exploring scenic shorelines and enjoying the ever-changing ocean views. A quick drive brings you to bustling downtown Gloucester, known for its fabulous restaurants, lively music scene, charming shops and the renowned Cape Ann Museum. Whether used as a year-round residence, weekend retreat or seasonal escape, this special home offers an ideal blend of natural beauty, culture and convenience. Beverly Regional Airport is approximately 22 minutes away, making travel easy while keeping you close to everything that makes Cape Ann so extraordinary.
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| Jul 24, 2020 | Sold | ||
| Sold | |||
| Feb 1, 2020 | Listed by Engel & Volkers By the Sea | $1,279,000 | |
| Listed by Engel & Volkers By the Sea | |||
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LIGHT, BRIGHT, AND AIRY. Like a dream vacation, this Back Shore home offers unobstructed views of the open Atlantic. Period details adorn the classic design which boasts every modern amenity. A decorator’s delight, every detail was considered in the renovation. Granite Chef’s kitchen with pantry and butler's dumbwaiter, Hardwood floors throughout, Master Bedroom en suite, walk-in cedar closet, fireplaced Living Room, 2-tiered deck with stunning views and retractable awnings. Simply one of the most beautiful homes to grace the North Shore coastline.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/01/2020
|
3 Bed
|
3 Bath
|
3140 ft²
|
$1,279,000
3 Bed
3 Bath
3140 ft²
|
$1,231,250
-3.73%
07/24/2020
|
Barbara Dugan
Engel & Volkers By The Sea
| |
|
05/29/2019
| |
3 Bed
|
3 Bath
|
3140 ft²
|
$1,375,000
3 Bed
3 Bath
3140 ft²
|
-
-
|
Barbara Dugan
Engel & Volkers By The Sea
|
|
08/08/2003
|
3 Bed
|
2 Bath
|
3146 ft²
|
$949,900
3 Bed
2 Bath
3146 ft²
|
$940,000
-1.04%
11/05/2004
|
Kristin Gynda Bedell
J. Barrett & Company
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017