$587,500
●
Condo -
Off Market
87 Atlantic Rd. #3
Gloucester, MA 01930
2 Beds
2 Baths
1,866 Ft²
$1,308,061
RealtyHop Estimate
119.11%
Since Aug 1, 2011
National-US
Primary Model
About This Property
Two decks and sliders for indoor/outdoor ocean ambience!
Master and Guest suites, each with full bath. Sunrise
sensations. Cathedral, skylight ceiling in living room.
Natural light floods every townhouse level and room. Designed
for casual & comfortable active living or "escape" relaxation.
Convenient to Good Harbor and Niles beaches, Gloucester Stage
Company, galleries, shops, restaurants, Shin Liu Performance
Center, North Shore Music Theatre and more!
Professionally-managed association.
Unit Size
1,866 Ft²
Days on Market
-
Land Size
-
Price per sqft
$320
Property Type
Condo
Property Taxes
$552
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 #71223450)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2011 | Sold | ||
| Sold | |||
| Apr 28, 2011 | Listed by Keller Williams Realty Evolution | $597,000 | |
| Listed by Keller Williams Realty Evolution | |||
| Oct 1, 2010 | Listed by Vadala Real Estate | $635,000 | |
| Listed by Vadala Real Estate | |||
| | |||
|
Location! Location! It is all about watching the sun rise & set over Gloucester's famous Back Shore. This two bedroom/2bath multi-level townhouse has unobstructed views of the Atlantic Ocean and the Twin Lights. A short walk to Good Habor Beach or Niles Beach. Two decks, one covered, allow you to enjoy the surf and views of the beautiful endless Atlantic Ocean. The convenience of a garage enhances the package. The interior condo has been painted and floors refinished.
| |||
Property Highlights
Air Conditioning
Garage
Parking Available
Interior Details
Level: Second
Level: First
Features: Bathroom - Full, Flooring - Wall to Wall Carpet, Balcony / Deck
Width: 12
Length: 12
Area: 144
Width: 11
Features: Flooring - Hardwood
Length: 13
Level: Second
Area: 143
Length: 24
Level: Third
Area: 312
Features: Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Balcony / Deck
Width: 13
Features: Bathroom - Full, Ceiling Fan(s), Closet - Linen, Flooring - Wall to Wall Carpet
Level: Fourth Floor
Length: 14
Width: 12
Area: 168
Features: Yes
Full Bathrooms: 2
Interior Features: Central Vacuum
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Leased Heater, Utility Connections for Electric Range
Flooring Type: Wood, Tile, Carpet
Rooms: 5
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Under, Garage Door Opener, Off Street, Deeded, Guest
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Townhouse
Stories (Total): 4
Building Area Units: Square Feet
Window Features: Screens
Construction Materials: Frame
Patio and Porch Features: Deck, Covered, Deck - Wood
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R2
Parcel Number: 1897419
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: 0071
Tax Assessed Value: $586,000
Tax Annual Amount: $6,628
Utilities Details
Utilities: for Electric Range
Cooling Type: Central Air
Heating Type: Forced Air, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $334
Pets Allowed: No
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 |
|---|---|---|---|---|---|---|---|
|
01/20/2026
|
3 Bed
|
3 Bath
|
1552 ft²
|
$1,175,000
3 Bed
3 Bath
1552 ft²
|
$1,150,000
-2.13%
03/24/2026
|
Scott Smith
Coldwell Banker Realty - Manchester
| |
|
07/16/2025
|
3 Bed
|
3 Bath
|
1859 ft²
|
$1,350,000
3 Bed
3 Bath
1859 ft²
|
-
-
|
Beth Buckingham
J. Barrett & Company
| |
|
04/17/2013
|
3 Bed
|
3 Bath
|
1900 ft²
|
$699,000
3 Bed
3 Bath
1900 ft²
|
$650,000
-7.01%
10/18/2013
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
09/06/2012
|
3 Bed
|
3 Bath
|
1873 ft²
|
$650,000
3 Bed
3 Bath
1873 ft²
|
$605,000
-6.92%
09/12/2013
|
Julie Fariel
J. Barrett & Company
| |
|
04/28/2011
|
2 Bed
|
2 Bath
|
1866 ft²
|
$597,000
2 Bed
2 Bath
1866 ft²
|
$587,500
-1.59%
07/29/2011
|
Janet Breiter
Keller Williams Realty Evolution
| |
|
10/01/2010
|
2 Bed
|
2 Bath
|
1866 ft²
|
$635,000
2 Bed
2 Bath
1866 ft²
|
-
-
|
Charlene Delaney
Vadala Real Estate
| |
|
01/20/2009
|
3 Bed
|
3 Bath
|
1859 ft²
|
$665,000
3 Bed
3 Bath
1859 ft²
|
$645,000
-3.01%
08/06/2009
|
Mary Francis
Coldwell Banker Realty - Gloucester
| |
|
03/28/2006
|
3 Bed
|
3 Bath
|
1873 ft²
|
$739,000
3 Bed
3 Bath
1873 ft²
|
$734,000
-0.68%
07/13/2006
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
03/05/2002
|
3 Bed
|
3 Bath
|
1900 ft²
|
$769,000
3 Bed
3 Bath
1900 ft²
|
$750,000
-2.47%
07/31/2002
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
02/02/1999
|
3 Bed
|
3 Bath
|
2160 ft²
|
$359,000
3 Bed
3 Bath
2160 ft²
|
$355,000
-1.11%
05/28/1999
|
Joanne Repyak
Carlson GMAC Real Estate
| |
|
06/30/1995
|
3 Bed
|
3 Bath
|
1 ft²
|
$259,900
3 Bed
3 Bath
1 ft²
|
$245,000
-5.73%
03/31/1997
|
Fatima Heath
North Shore's Gold Coast Realty
|
Building Info
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