$1,875,000
●
Condo -
Off Market
8 Orchard Road #A
Gloucester, MA 01930
4 Beds
4 Baths,
1
Half Bath
3,100 Ft²
$8,814
Est. Monthly
About This Property
Orchard Estates by the Sea is a unique residential project
featuring single-family townhouses that boast unparalleled comfort
and luxury in an optimal location in East Gloucester. Designed and
executed by a team of architects, designers and builders. Each
residence offers chef's kitchen open concept living and dining area
with primary first & second floor bedroom suite. High ceilings,
illuminated by a 10-foot sliding glass door that leads out to a
spacious patio. Homes also includes oversized two-car garage, four
bedrooms, 3.5 bathrooms, two laundry areas, a family room and a
flex room on the second floor with access to a balcony to enjoy.
Professionally landscaped, private area, close to Niles Beach,
Rocky Neck and Back Shore. Absolutely amazing home with ability to
customize.
Unit Size
3,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$579
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
1900
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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: 3 years ago (MLSPIN #73125311)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2024 | Sold | ||
| Sold | |||
| Sep 21, 2024 | Listed by Coldwell Banker Realty - Beverly | $1,699,000 | |
| Listed by Coldwell Banker Realty - Beverly | |||
| | |||
|
New Price-only a few left. Discover luxurious coastal living with these new single-family townhomes by the sea in East Gloucester. Designed by a top architect with the finest materials, this home features exquisite finishes, including beautiful hardwood floors. The spacious layout includes primary bedroom suites on both the first and second floors, a state-of-the-art chef’s kitchen with a huge island, and custom bathrooms with stone slabs. Enjoy ample storage with custom wardrobes and two laundry rooms. The oversized two-car garage and professionally landscaped grounds provide a private, tranquil setting. Cozy up by the two fireplaces. Located close to Niles Beach, Good Harbor Beach, Rocky Neck, and Bass Rocks Golf Club, these homes offer the best of coastal living. Schedule a viewing today and make your dream of luxury living by the sea a reality. Property also offered as a Single Family under listing 73293244.
| |||
| Feb 9, 2024 | Sold | ||
| Sold | |||
| Jul 11, 2023 | In contract | - | |
| In contract | |||
| Jun 15, 2023 | Listed by Coldwell Banker Realty - Beverly | $1,795,000 | |
| Listed by Coldwell Banker Realty - Beverly | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: First
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Slider
Level: Second
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Level: First
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, High Speed Internet Hookup
Features: Closet, Flooring - Hardwood, High Speed Internet Hookup
Level: Second
Features: Flooring - Hardwood, High Speed Internet Hookup, Open Floorplan, Recessed Lighting
Level: First
Features: Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Level: First
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Flooring - Stone/Ceramic Tile, High Speed Internet Hookup, Slider
Level: First
Level: Second
Features: Closet, Flooring - Hardwood, High Speed Internet Hookup
Level: First
Features: Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Recessed Lighting
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Level: First
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bathroom - Half, Vaulted Ceiling(s), Closet, Open Floorplan, Entry Hall, Bathroom, Bonus Room, Internet Available - Broadband
Appliances: Range, Dishwasher, Microwave, Refrigerator, Range Hood
Flooring Type: Wood, Stone / Slate, Flooring - Hardwood
Laundry Features: Dryer Hookup - Electric, Washer Hookup, First Floor
Rooms: 9
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Storage, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Builder
Year Built Details: Actual, Under Construction
PropertySubType: Condominium
Building Name: Orchard Estates By The Sea
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck - Exterior, Deck - Composite, Patio
Lead Paint: None
Lot Size Units: Acres
Zoning: R-20
Parcel Number: 5222976
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Reserve Funds
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
09/21/2024
|
4 Bed
|
4 Bath
|
3100 ft²
|
$1,699,000
4 Bed
4 Bath
3100 ft²
|
$1,645,000
-3.18%
10/22/2024
|
Michelle Mineo
Coldwell Banker Realty - Beverly
| |
|
09/21/2024
|
4 Bed
|
4 Bath
|
3100 ft²
|
$1,699,000
4 Bed
4 Bath
3100 ft²
|
-
-
|
Michelle Mineo
Coldwell Banker Realty - Beverly
| |
|
06/15/2023
|
4 Bed
|
3 Bath
|
3100 ft²
|
$1,795,000
4 Bed
3 Bath
3100 ft²
|
$1,875,000
+4.46%
02/09/2024
|
Michelle Mineo
Coldwell Banker Realty - Beverly
| |
|
06/15/2023
|
4 Bed
|
4 Bath
|
3100 ft²
|
$1,795,000
4 Bed
4 Bath
3100 ft²
|
$1,875,000
+4.46%
02/09/2024
|
Michelle Mineo
Coldwell Banker Realty - Beverly
| |
|
03/08/2022
| |
5 Bed
|
5 Bath
|
3444 ft²
|
$1,995,000
5 Bed
5 Bath
3444 ft²
|
$2,200,000
+10.28%
06/29/2022
|
Holly Chiancola
Holly C & Co. Fine Homes
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017