$175,000
●
Condo -
Off Market
8R Gerring Road #12
Gloucester, MA 01930
3 Beds
1 Bath
920 Ft²
$534,435
RealtyHop Estimate
181.43%
Since Mar 1, 2001
National-US
Primary Model
About This Property
CHARMING YEAR ROUND COTTAGE ON CONDO'ED LAND. 2 CAR OFF STREET
PARKING. SPACIOUS FENCED YARD AND GARDENS. EXCELLENT EAST
GLOUCESTER CENTER NEIGHBORHOOD. WALK TO HARBOR , COVE OR ROCKY
NECK. NEEDS UPDATING.NO DOGS.TAXES/ ASSOC. FEES TBD
Unit Size
920 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$206
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
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Operating Profit Per Year
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 #30465756)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 16, 2001 | Sold | ||
| Sold | |||
| Nov 28, 2000 | Listed by Coldwell Banker Realty - Gloucester | $189,900 | |
| Listed by Coldwell Banker Realty - Gloucester | |||
Property Highlights
Parking Available
Interior Details
Level: First
Width: 11
Length: 10
Area: 110
Area: 35
Features: Bathroom - Full
Length: 5
Level: Second
Width: 7
Level: Second
Width: 9
Length: 9
Area: 81
Width: 12
Length: 11
Level: First
Area: 132
Length: 11
Level: First
Area: 132
Width: 12
Width: 10
Length: 9
Area: 90
Level: Second
Level: Second
Length: 8
Width: 12
Area: 96
Features: No
Full Bathrooms: 1
Appliances: Range, Refrigerator, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Vinyl
Rooms: 6
Basement: Y
Parking Details
Has Garage
Has Carport
Parking Features: Carport, Off Street, Tandem, Assigned
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Detached
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Area: 0.18
Lot Size Units: Acres
Lot Size Acres: 0.18
Zoning: R-3
Parcel Number: 4235249
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: 80
Tax Assessed Value: $113,600
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: None
Heating Type: Central, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Sewer, Insurance, Maintenance Grounds, Snow Removal
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Laundromat
Pets Allowed: No
Complex is Completed
Management: Owner Association
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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