$1,000,000
●
House -
Off Market
9 Mechanic Place
Gloucester, MA 01930
2 Beds
1 Bath
1,190 Ft²
$1,125,394
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
Sold as a package w/7 Mechanic Place MLS ID 72983167 and not
separately for $2,200,000. Blissfully perched at the edge of a
sheltered, private cove in Gloucester's coveted Bayview community,
with unbroken views across Ipswich Bay to the New Hampshire
seacoast, this delightful property offers the ultimate family
compound. The two homes-a 2-bedroom single family and a two-unit
multi-family-are each on a separate deed with independent
utilities, with both sharing a rambling charm that welcomes
gatherings of family and friends. The single family has 2 bedrooms
and 1 bath, updated kitchen with dining room facing cove, sunny
living room with deck, and inviting den. The two-family offers
fully self-contained living spaces with 1-bedroom unit with deck
above and 2-bedroom unit below. Both homes feature walls of windows
that frame water views and sunsets at every turn. Outside, a
private beach, detached garage and off-street parking offer space
for visitors.
Unit Size
1,190 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$924
Property Type
House
Property Taxes
$999
HOA Dues
-
Year Built
1920
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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: 4 months ago (MLSPIN #72983166)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2022 | Sold | ||
| Sold | |||
| May 17, 2022 | Listed by Compass | $1,100,000 | |
| Listed by Compass | |||
| Aug 11, 2021 | No longer available | - | |
| No longer available | |||
| Jul 19, 2021 | Price Decreased |
$2,300,000
↓ $200K
(8%) | |
| Price Decreased | |||
| Dec 6, 2020 | Listed by Keller Williams Realty | $2,500,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
A unique, private Gloucester paradise! Two oceanfront Homes, #7&9, each with sole access to a granite-lined, private beach. These separately deeded year-round houses – one single-family and one 2-family are being sold together. #9 is a single-family Home – 7 Rooms; 3 Bedrooms/1 Bath. View amazing open ocean, sunset scenes out to Ipswich Bay and the NH coast from your waterfront deck. Gather with family and friends to relax on the white sand beach, swim, kayak, and enjoy many other water sport activities. Share many healthy and sunny days together on your own private beach. These Homes have been in the same family for generations and are set back from the road with easy driveway access. Total parking for both 7&9 Mechanic Place is 5+. Sold with #7 Mechanic Place, please refer to MLS co-Listing #72764385. #7 is a two-family Home with a detached one-car garage. 1st Floor: 5 Rms - 2 Bedrooms/1 Bath. 2nd Floor: 3 Rms - 1 Bedroom/1 Bath. The manager has listed the unit size as 2738 square feet.
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Property Highlights
Parking Available
Air Conditioning
Building Info
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