$244,900
●
Condo -
Off Market
8 Dock Square #2
Rockport, MA 01966
Studio
0 Bath,
2
Half Baths
661 Ft²
$418,206
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model
About This Property
Fabulous commercial condominium located right in the
middle of Dock Square. This unique space is presently being
used as a successful clothing store. The exposed beams and wide
plank pine floors along with a brick fireplace make it a charming
place to shop. Three rooms allow for many displays. The
building consists of 3 condos: 1 residential, 1 ice cream shop, and
this commercial condo for sale. Perfect opportunity to invest
in downtown Rockport. The present tenants would be happy to stay
on.
Unit Size
661 Ft²
Days on Market
-
Land Size
-
Price per sqft
$375
Property Type
Condo
Property Taxes
$159
HOA Dues
$193
Year Built
2008
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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: 4 months ago (MLSPIN #72055498)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2016 | Sold | ||
| Sold | |||
| Aug 19, 2016 | Listed by Coldwell Banker Realty - Gloucester | $248,000 | |
| Listed by Coldwell Banker Realty - Gloucester | |||
| | |||
|
Fabulous commercial condominium located right in the middle of Dock Square. This unique space is presently being used as a successful clothing store. The exposed beams and wide plank pine floors along with a brick fireplace make it a charming place to shop. Three rooms allow for many displays. The building consists of 3 condos: 1 residential, 1 ice cream shop, and this commercial condo for sale. Perfect opportunity to invest in downtown Rockport. The present tenants would be happy to stay on.
| |||
Property Highlights
Fireplace
Interior Details
Half Bathrooms: 2
Flooring Type: Pine
Rooms: 3
Has Fireplace
Fireplaces: 1
Basement: Y
Exterior Details
Square Footage: 661
Architectural Style: Shingle
Year Built Source: Owner
Year Built: 1740
Waterfront Features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Building Name: 8 Dock Square
Building Area Total: 661
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Patio
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $169,700
Tax Annual Amount: $1,909
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Hot Water, Oil, Propane
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $193
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
06/12/2017
|
1 Bed
|
1 Bath
|
530 ft²
|
$229,000
1 Bed
1 Bath
530 ft²
|
$220,000
-3.93%
09/15/2017
|
Mary Matthews
Coldwell Banker Realty - Gloucester
| |
|
08/19/2016
|
Studio
|
2 Bath
|
661 ft²
|
$248,000
Studio
2 Bath
661 ft²
|
$244,900
-1.25%
10/28/2016
|
Paula Murphy
Coldwell Banker Realty - Gloucester
| |
|
10/14/2015
|
1 Bed
|
1 Bath
|
530 ft²
|
$189,000
1 Bed
1 Bath
530 ft²
|
$189,000
11/23/2015
|
Mary Matthews
Coldwell Banker Realty - Gloucester
| |
|
01/16/1998
| |
Loft
|
1 Bath
|
2000 ft²
|
$210,000
Loft
1 Bath
2000 ft²
|
$180,000
-14.29%
07/31/1998
|
Dennis McManus
McManus Real Estate Company
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017