8 Orchard Road #A
About This Property
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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%.
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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.
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 | |||
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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.
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| 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 | |||
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|
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.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
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
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017