$325,000
●
Condo -
Off Market
8B Gerring Road #8B
Gloucester, MA 01930
3 Beds
1 Bath
731 Ft²
$691,329
RealtyHop Estimate
103.93%
Since Jul 1, 2004
National-US
Primary Model
About This Property
CHARMING VICTORIAN COTTAGE CONDO LOCATED IN A GREAT EAST GLOUCESTER
NEIGHBORHOOD. STEPS TO ROCKY NECK SHOPS, GALLERIES AND
RESTAURANT.
Unit Size
731 Ft²
Days on Market
-
Land Size
-
Price per sqft
$464
Property Type
Condo
Property Taxes
$163
HOA Dues
$80
Year Built
-
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Cap Rate Calculator
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Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
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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 #70016862)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2004 | Sold | ||
| Sold | |||
| Apr 8, 2004 | Listed by Annisquam Realty Services | $339,000 | |
| Listed by Annisquam Realty Services | |||
Property Highlights
Parking Available
Interior Details
Level: First
Level: Second
Level: First
Level: Second
Level: Second
Level: Second
Level: First
Features: No
Full Bathrooms: 1
Appliances: Refrigerator, Washer, Dryer, Utility Connections for Electric Range
Flooring Type: Wood, Vinyl
Rooms: 6
Basement: Y
Parking Details
Parking Features: Off Street
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
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: Res
Parcel Number: 4235249
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $203,800
Tax Annual Amount: $1,959
Utilities Details
Utilities: for Electric Range
Cooling Type: None
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Snow Removal
HOA Fee: $80
Community Features: Public Transportation, Shopping
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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