$340,000
●
House -
Off Market
8 Gerring Road #1
Gloucester, MA 01930
4 Beds
2 Baths,
1
Half Bath
1,824 Ft²
$624,219
RealtyHop Estimate
73.44%
Since Sep 1, 2007
National-US
Primary Model
About This Property
Victorian New Englander with covered front porch & yard. Four
bedrooms, front to back living room w/fireplace, formal dining
room, wood floors, newer heating system, updates throughout and
walk-out basement. Enjoy ocean breezes and walks to the
harbor and be close to many sandy beaches and "artsy" Rocky Neck.
This home is part of a Homeowner's Association which consists of
two single family homes with private yards.
Unit Size
1,824 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$197
Property Type
House
Property Taxes
$339
HOA Dues
$120
Year Built
-
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Cap Rate Calculator
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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 years ago (MLSPIN #70482092)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2007 | Sold | ||
| Sold | |||
| Oct 27, 2006 | Listed by RE/MAX On The River, Inc. | $359,900 | |
| Listed by RE/MAX On The River, Inc. | |||
Property Highlights
Fireplace
Interior Details
Level: First
Level: Second
Features: Bathroom - Full
Level: Second
Width: 13
Length: 21
Area: 273
Width: 10
Features: Flooring - Hardwood
Length: 13
Level: First
Area: 130
Features: Bathroom - Half
Level: First
Length: 21
Level: First
Area: 273
Width: 13
Level: Third
Level: Second
Length: 21
Width: 13
Area: 273
Level: Third
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Gas Water Heater, Tank Water Heater
Flooring Type: Wood, Carpet
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Full, Walk-Out Access, Interior Entry
Parking Details
Has Garage
Has Carport
Parking Features: Carport
Garage Spaces: 2
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Single Family Residence
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Other
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Zoning: Call city
Parcel Number: 4235249
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $468,800
Tax Annual Amount: $4,069
Utilities Details
Cooling Type: None
Heating Type: Central, Baseboard, Natural Gas
Location Details
HOA Fee: $120
Community Features: Shopping, Other
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 |
|---|---|---|---|---|---|---|---|
|
02/28/2022
|
3 Bed
|
1 Bath
|
731 ft²
|
$475,000
3 Bed
1 Bath
731 ft²
|
$510,000
+7.37%
05/09/2022
|
Robin Martyn
Churchill Properties
| |
|
02/26/2020
|
3 Bed
|
1 Bath
|
731 ft²
|
$399,900
3 Bed
1 Bath
731 ft²
|
$378,000
-5.48%
06/26/2020
|
Shane Small
Redfin Corp.
| |
|
02/24/2016
|
4 Bed
|
2 Bath
|
1824 ft²
|
$449,000
4 Bed
2 Bath
1824 ft²
|
$390,000
-13.14%
08/03/2016
|
Robin Hubbard
Robin J. Hubbard
| |
|
05/14/2013
|
3 Bed
|
1 Bath
|
731 ft²
|
$299,000
3 Bed
1 Bath
731 ft²
|
$295,000
-1.34%
11/18/2013
|
Ann, Rick & Chris Gloucester Group
J. Barrett & Company
| |
|
10/27/2006
|
4 Bed
|
2 Bath
|
1824 ft²
|
$359,900
4 Bed
2 Bath
1824 ft²
|
$340,000
-5.53%
08/09/2007
|
Carol St. Pierre
Tache Real Estate, Inc.
| |
|
04/08/2004
|
3 Bed
|
1 Bath
|
731 ft²
|
$339,000
3 Bed
1 Bath
731 ft²
|
$325,000
-4.13%
06/15/2004
|
Felicity Grant
Annisquam Village Realty
| |
|
07/02/2003
| |
3 Bed
|
1 Bath
|
1464 ft²
|
$449,000
3 Bed
1 Bath
1464 ft²
|
$439,000
-2.23%
10/21/2003
|
Theo Pothier
Carlson GMAC Real Estate
|
|
11/28/2000
|
3 Bed
|
1 Bath
|
920 ft²
|
$189,900
3 Bed
1 Bath
920 ft²
|
$175,000
-7.85%
02/16/2001
|
Christina Rafter
RE/MAX Advantage Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017