8 Orchard Road #B
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2026 | In contract | - | |
| In contract | |||
| Sep 2, 2026 | Listed by Compass | $2,100,000 | |
| Listed by Compass | |||
| |||
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Beyond New Construction, 8 Orchard Road represents a level of customization rarely available in Gloucester. Nearly $350K in custom enhancements above the developer’s original specification have transformed this East Gloucester residence into an exquisite coastal home designed for comfort, entertaining, and effortless time away. Thoughtful floor plan is ideal for owners seeking a long-term home w/o the obligations of a large estate. A first-flr primary suite provides single-level living w/laundry hookups, while a second-flr primary suite offers privacy for guests & family. Both en-suite baths feature radiant heated flrs. Upstairs, a spacious, vaulted gathering room opens to an extended balcony overlooking the yard & grounds. A wet bar alcove features marble countertops, refrigerator, wine storage, and dishwasher and invites morning coffee, evening cocktails, and adds ease to large gatherings. Yorktowne custom cabinetry brings unmistakable quality & elegance to the kitchen, centered around an oversized island w/seating for six. Bosch induction cooking, Kohler Professional Chef Edition faucet, tailored cabinet storage, mixer lift, and networked appliances combine refined design with everyday functionality. The dining area features a custom blown-glass chandelier and nine-foot built-in buffet, while the sitting room is grounded by a striking marble fireplace-surround quarried from Vermont. Loving attention has been given to the exterior landscape as a continuation of the home's comfort, utility and luxury. Extensive hardscape, Corten steel privacy planters, perennial & shrub plantings, a propane fire-pit, and NewAge outdoor kitchen w/grill, sink, year-round storage and seating allow outdoor entertaining to be enjoyable, even for the host. EPE wood shower and changing cabana make beach days & cycling adventures a breeze. Integrated technology adds ease & confidence for owners who travel. Lutron automation controls 63 lighting & shade devices, complemented by whole-house water filtration, Moen water monitoring, remotely accessible irrigation, smart NEST thermostats, and networked appliances. Situated near Gloucester’s beaches, harbor, Rocky Neck Artists' community, and East Gloucester’s dining & galleries, 8 Orchard Road offers a rare combination of architectural distinction, extensive customization, sophisticated technology, and generous outdoor living. This a turnkey coastal home designed for owners who want to arrive, settle in, and simply enjoy.
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| Feb 9, 2024 | Sold | ||
| Sold | |||
| Jun 15, 2023 | Listed by Coldwell Banker Realty - Beverly | $1,795,000 | |
| Listed by Coldwell Banker Realty - Beverly | |||
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