78 Thatcher #6
About This Property
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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 |
|---|---|---|---|
| Sep 10, 2026 | Listed by Compass | $1,575,000 | |
| Listed by Compass | |||
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|
Perched at the top of 78 Thatcher Rd in Gloucester, this exceptional 2+ bedroom, 3 bath penthouse condo offers single level living while being one block to Good Harbor Beach. Arriving by elevator to your front door, you will enjoy soaring vaulted ceilings, hardwood floors, oversized windows, and abundant natural light. The home feels open, airy, and effortlessly connected to its spectacular surroundings. The open-concept living space is designed for both relaxed living and entertaining, featuring a bright kitchen with custom cabinetry and stainless-steel appliances, a welcoming fireplace. Each of the bathrooms have beautiful en-suite baths. An office/den provides flexible space for working or unwinding, while the upper-level deck offers an extraordinary place to take in the changing light, ocean breezes, and unforgettable sunsets. Residents also enjoy a gym and guest parking along with the rare combination of privacy, convenience, and outdoor space. Downtown Gloucester is nearby, with outstanding seafood and restaurants, galleries, shops, and a vibrant culture deeply rooted in the city's maritime traditions.Gloucester is a destination for every sesaon- and this home is an ideal place to experience it. Whether you're entertaining friends, enjoying a quiet evening by the fire, or simply watching the sunset over the water, 78 Thatcher offers an opportunity to slow down, breathe deeply, and truly enjoy the view. Offering includes all furniture providing you with a turn-key home by the sea.
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| Jun 3, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Listed by Arris Realty | $1,450,000 | |
| Listed by Arris Realty | |||
| |||
|
Enjoy this spacious luxury top floor unit with 2 bedrooms and 2.5 bathrooms with gorgeous ocean and marsh views. This unit boasts an open floor plan with a spacious chef's kitchen, which include custom cabinetry, marble countertops and stainless steel appliances. In the living room, you'll find high vaulted ceilings, oversized windows providing plenty of natural light, and a cozy gas fireplace. Don't forget about the office/den and private deck to enjoy a morning coffee and breath in the fresh salt air. Amenities include an elevator right outside the unit entrance, a rooftop deck with even more expansive ocean views, a private gym and 2 large garage spaces. Just a short walk away from both Good Harbor and Long beaches and just a short drive to Gloucester’s vibrant harbor, fine dining, and boutique shopping. This residence offers the rare opportunity to enjoy luxury, convenience, and coastal charm in one of Cape Ann’s most sought-after communities.
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| Dec 27, 2019 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/18/2026
|
2 Bed
|
2 Bath
|
2009 ft²
|
$1,450,000
2 Bed
2 Bath
2009 ft²
|
$1,310,000
-9.66%
06/03/2026
|
Christopher Cormier
Arris Realty
| |
|
03/20/2023
|
2 Bed
|
3 Bath
|
2077 ft²
|
$1,500,000
2 Bed
3 Bath
2077 ft²
|
$1,225,000
-18.33%
06/30/2023
|
Sigute Snipas
Bean Group
| |
|
01/05/2020
|
2 Bed
|
2 Bath
|
2310 ft²
|
$1,195,000
2 Bed
2 Bath
2310 ft²
|
$1,175,000
-1.67%
02/04/2020
|
Syndi Zaiger
Nest Real Estate
| |
|
11/15/2019
|
2 Bed
|
2 Bath
|
2310 ft²
|
$1,295,000
2 Bed
2 Bath
2310 ft²
|
$1,200,000
-7.34%
12/27/2019
|
Syndi Zaiger
Nest Real Estate
| |
|
04/25/2019
|
2 Bed
|
3 Bath
|
2276 ft²
|
$1,389,000
2 Bed
3 Bath
2276 ft²
|
-
-
|
-
| |
|
07/24/2019
|
2 Bed
|
2 Bath
|
2077 ft²
|
$1,250,000
2 Bed
2 Bath
2077 ft²
|
$1,225,000
-2.00%
08/05/2019
|
Syndi Zaiger
Nest Real Estate
| |
|
07/08/2019
|
2 Bed
|
2 Bath
|
2014 ft²
|
$925,000
2 Bed
2 Bath
2014 ft²
|
$900,000
-2.70%
11/05/2020
|
Syndi Zaiger
Nest Real Estate
| |
|
04/24/2019
|
2 Bed
|
3 Bath
|
2310 ft²
|
$1,379,000
2 Bed
3 Bath
2310 ft²
|
-
-
|
-
| |
|
07/02/2011
| |
Loft
|
-
|
4060 ft²
|
$999,900
Loft
-
4060 ft²
|
$825,000
-17.49%
03/16/2012
|
Fatima Heath
North Shore's Gold Coast Realty
|
|
02/21/2007
| |
Loft
|
2 Bath
|
4060 ft²
|
$1,275,000
Loft
2 Bath
4060 ft²
|
-
-
|
Paul Brown
Paul P. Brown Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017