Rockport Condos
This community is located in Essex County and had a population of 6,952 in the 2010 U.S. Census. It sits on the tip of the Cape Ann peninsula, surrounded on the north, east, and south by the Atlantic Ocean. The total area of the town is 17.5 square miles with the majority being water. The town has five beaches, while the rest of the shoreline is rocky. Its neighbor directly west is Gloucester, with Boston lying 35 miles southwest of the town. Massachusetts Route 127 runs through the town. The community has commuter rail service provided by the Massachusetts Bay Transportation Authority with the Newburyport/Rockport line that ends at the town’s station. That line connects the North Shore communities to Boston’s North Station.
Click Here to Search
sales
Buying a Condo
The average price of a townhouse in the town is $381,169. Property experts forecast that property values will increase 2.7% in the next year. On the recent market, properties ranged from a one-bedroom, one-bath, 553 square-foot unit listed for $255,000 to a three-bedroom, two-bath, 1,383 square-foot unit listed for $379,000.
The following is a brief description of some complexes in the community:
Ocean Ledges
This 45 unit complex was built in 1985. Located in the northern half of the town across the street from the Atlantic Ocean, the complex is within walking distance to the beach. Units feature high ceilings, a fireplace, hardwood flooring, and a balcony/deck. The complex amenities include exterior maintenance, road maintenance, landscaping, snow removal and refuse removal.
Pleasant Street
This small 5 unit complex is located three blocks from the city wharf and the intersection of Broadway and South Streets. The homeowners’ association fees are $259 a month. In recent market activity, the price range of a unit is in the mid $200s.
Tarrs Lane
This small complex was built in 1989. It features three-bedroom townhouse units. Each property has a finished basement and a private deck. The development is within walking distance of the beach and includes parking spaces. In recent market transactions, the unit prices ranged in the low $300s.
In a smaller community such as this town, the search for a property can require the help of a market professional. With an average vacancy rate of over 21%, it might seem that the market would have an abundance of available units from which to choose. Yet, due to its location on the coast, with five beaches in the city limits, the community has several seasonal residents. Thus, the market is likely much tighter than statistics indicate. Contact us for help in finding the perfect property for your needs. Our expertise in the unique market can help you navigate the purchasing process successfully.
Listing/Selling a Condo
A co-op property is a special type of property when it comes to selling it. First, it has an advantage over a house in that it is often less expensive than a comparably sized house. This expands the number of potential buyers. Yet, selling a unit can also be more complicated than a single-family detached house. For example, conventional wisdom is that springtime is the best time to list a house. This may not be true for a co-op property. “If your place is in a vacation area, say, near a beach or ski resort, you’ll get the best price right before the tourist season hits,” advises one expert. This is the case with this community as several properties are week-end and vacation getaways for seasonal residents. This makes the selection of a property agent with experience in the local market very important. Contact us for expert help in marketing your unit at the right time for the best return on your investment.
The Neighborhoods of the Community
The town has two distinct neighborhoods: Town Center and Ocean View/Pigeon Cove. The following is a brief description of each area:
Town Center
The median price of property in this neighborhood is $680,927. The vacancy rate is 31% in this area as many property owners are only seasonal residents of the town.
Ocean View/Pigeon Cove
This is the northern section of town. The median property price is $523,216, which is over 23% lower than Town Center property prices. The vacancy rate is also lower than the Town Center neighborhood, with a 12.1% rate. Over 10% of the residences in this neighborhood are only occupied seasonally.
Though the town is smaller than most communities in the Boston metro area, it has much to offer potential residents. There is a strong commitment to education and the transportation infrastructure makes the average commute time lower than the national average. As one resident describes the town this way: “[It’s a] great place to visit; [the] best place to raise kids.”
Condo Developments
- 46 Broadway
- 72 Main Street
- Chicataubut
- Clifford House
- Pigeon Cove Inn
- The Village at Pooles Corner
- Tuna Wharf
Click Here
to Search
sales
Click Here
to Search
rentals