$390,000
●
Condo -
Off Market
8 Gerring Road #A
Gloucester, MA 01930
4 Beds
2 Baths,
1
Half Bath
1,824 Ft²
$758,350
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model
About This Property
Victorian New Englander with covered front porch.Southwest-facing
water views from all floors.Formal dining room,front to back living
room with fireplace, four bedrooms;Residential detached single
family condo, with its own lot, three stories plus basement, gross
area 2680 sq ft, living area 1824 sq ft. No condo fee. SF stand
alone condo exterior and interior owned, walk-out basement to
parking area. Wide pine board floors, back to front living room,
four bedrooms.gas heat. Good condition on desirable Gerring Road in
very desirable East Gloucester. Walk to 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
-
Price per sqft
$246
Property Type
Condo
Property Taxes
$492
HOA Dues
-
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 #71962533)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2016 | Sold | ||
| Sold | |||
| Feb 24, 2016 | Listed by J. Barrett & Company | $449,000 | |
| Listed by J. Barrett & Company | |||
Property Highlights
Interior Details
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Gas Water Heater
Laundry Features: In Unit
Rooms: 7
Has Fireplace
Fireplaces: 1
Basement: Y
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Unknown/Mixed
PropertySubType: Condominium
Structure Type: Detached
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R-10
Parcel Number: 4235250
Water Source: Public
Financial Details
Tax Assessed Value: $433,400
Tax Annual Amount: $5,899
Utilities Details
Cooling Type: None
Heating Type: Hot Water, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: N/A
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
Pets Allowed: Yes
Complex is Completed
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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