$305,000
●
Condo -
Off Market
8 Summer #309
Gloucester, MA
1 Bed
1 Bath
865 Ft²
$355,643
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
This light and bright one bedroom unit with parking for one and in
unit laundry at the historic Hovey School is perfect for year round
living or weekend get aways. There is easy access to
Gloucester Harbor and many restaurants, shops, museums, galleries,
and the MBTA commuter rail to Boston. The flexible floor
plan, 12 foot ceilings and raised living room, lends itself to many
uses such as a formal dining room or home office. Lots of
closet space, beautifully landscaped grounds and six foot windows,
are just a few reasons to send you back to school! First
showings at The OPEN HOUSES. They are SATURDAY, APRIL 17th, FROM
1-3 AND SUNDAY, APRIL 18th, FROM 1-3. Offers are due on
Tuesday, April 20th, at 5:00 pm. Appointments are required at Open
Houses. Please wear masks and follow Covid rules.
Unit Size
865 Ft²
Days on Market
-
Land Size
-
Price per sqft
$346
Property Type
Condo
Property Taxes
$214
HOA Dues
$334
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: 5 years ago (MLSPIN #72815067)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2021 | Sold | ||
| Sold | |||
| Apr 15, 2021 | Listed by RE/MAX 360 | $299,000 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Parking Available
Interior Details
Level: Second
Features: Flooring - Laminate, Pantry
Features: Ceiling Fan(s), Flooring - Laminate
Level: Second
Features: Flooring - Stone/Ceramic Tile
Level: Second
Features: Closet
Level: Second
Level: Second
Features: Flooring - Laminate
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Laminate
Laundry Features: Second Floor, In Unit, Washer Hookup
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Has Property Attached
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Hovey School Condominiums
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame, Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R-5
Parcel Number: 1894306
Water Source: Public
Financial Details
Tax Assessed Value: $206,800
Tax Annual Amount: $2,573
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: None
Heating Type: Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Garden Area
Association Fee Frequency: Monthly
HOA Fee: $334
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School, T-Station
Pets Allowed: No
Complex is Completed
Management: Professional - Off Site
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017