Active
3 Days on market
3 Babson Street #2 Gloucester — Photo 1 of 34

3 Babson Street #2 Gloucester — Photo 1 of 34

$698,000

Investment Analysis — 3 Babson Street #2

Gloucester, MA 01930

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01930 carries an estimated $3,080/mo in gross rent — about a 2.74% cap rate and $19,114/yr in estimated NOI at the $698,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,360

Style

Condominium

Built

1900

Looking for something that is really special? This three bedroom, 1.5 bath, two level condominium unit has views out to Gloucester Harbor and winter views from west facing windows of the Annisquam River. Everything about Gloucester's best features are nearby. The unit lives like a single family. Updated by the prior owner with windows, boiler and electric plus many updates and renovations by the current owner makes this a move in home. With Thanksgiving around the corner, you can be the owner in time to have guests and family see your new home. The attractive living room with built ins has room for your dining furniture plus the bright, efficient kitchen has an island with seating and plenty of work space, The kitchen includes quartz counters, cabinets galore, a pantry cabinet, gas cooking and a newer thermal slider door leading to a East facing deck - where it is perfect to enjoy the views over Gloucester and the harbor. Watch the sun rise with your morning coffee from the deck or use it to just hang to relax after a long day. The primary bedroom has a great view and an alcove perfect for use as an office or reading nook. The updated full bath has a stack washer & dryer, a double sink and soaking tub with a rain shower head and there's a linen closet for storage. The unit also has a convenient half bath on the bedroom level. The walk in 5'x5' closet off the living room is actually big enough to use as a comfortable office. The unit has use of a parking space in the garage plus two additional tandem parking spaces in the driveway. There is shared storage in the basement and the garage has enough room for skis, bikes and kayaks and fits most vehicles which will be a relief during snow season. If you commute by Train, the station is a half mile away. Gloucester Boulevard and Pavilion Beach are less than a half mile and some of the best restaurants on the North Shore are also a short half mile away. Walk into this freshly updated and sunny home, fall in love and call it your own.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$698,000
Annual Taxes$5,940
HOA Fee$253

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Hardwood
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas, Unit Control
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR-5

Property & Lot

Acres0.11
SqFt Lot4,832
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Park • Highway Access • Public School • T-Station

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
Main,First
Living RoomKitchenBathroom 1
Living Room
Lvl Main,First

22 x 13.75

Flooring - Hardwood, Exterior Access

Kitchen
Lvl Main,First

14 x 13

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Exterior Access, Recessed Lighting, Slider, Gas Stove

Master Bedroom
Lvl Second

22 x 13

Cathedral Ceiling(s), Closet, Flooring - Hardwood, Window(s) - Picture

Bedroom 2
Lvl Second

13 x 10.833333333

Bedroom 3
Lvl Second

13.75 x 11

Closet, Flooring - Hardwood

Bathroom 1
Lvl Main,First

10 x 8.75

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Double Vanity, Dryer Hookup - Electric, Remodeled, Washer Hookup, Soaking Tub

Bathroom 2
Lvl Second

6 x 3.5

Bathroom - Half

Listing Provided By

Listing Agent: Ruth Pino

Listing Office: RE/MAX Beacon

MLS® Number: 73574637