NOT LISTED FOR SALE

1 Folly Point Rd Gloucester, MA 01930

Estimated Value: $2,576,000 - $4,608,000

5 Beds
5 Baths
4,326 Sq Ft
$804/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $2,000,000 $462 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $21,251/month

72 Days on Market

About This Home

As of March 2016

Offered below assessed value. An approval to develop is not required. See agent for 4 lot division plan and additional details if considering further development of existing 5 acre lot. Currently offered as an exclusive property commanding 5+ acres of private waterfront set high above Folly Cove, including a striking glass and stucco 4,500+ s.f. contemporary home connected by glassed-in breezeway to two-story 3,800+ s.f. working studio. At once fully modern and self-contained the property features an organic and open floor plan that maximizes natural light and offers kaleidoscopic views of sea, sky and gardens in most every room. The deft artisanal design and industrial-quality construction throughout produce a reassuring sense of solidity, quality and communion with the natural surroundings. A bold statement in a sleepy seaside community known for its history of providing a safe haven for artists to live and create inspired by the land and the sea.

Last Agent to Sell the Property

Amanda Armstrong

Compass Listed on: 11/30/2015

Compass

Last Buyer's Agent

Amanda Armstrong

Compass Listed on: 11/30/2015

Compass

Home Details

Home Type

Single Family

Year Built

1991

Lot Details

0

Listing Details

  • Lot Description: Corner, Wooded, Stream, Cleared, Gentle Slope, Scenic View(s)
  • Property Type: Single Family
  • Handicap Access: Yes
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1991

Interior Features

  • Appliances: Range, Wall Oven, Dishwasher, Disposal, Microwave, Indoor Grill, Refrigerator, Washer, Dryer, Vent Hood
  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 14
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Conservation Area, Marina, T-Station
  • Electric: 200 Amps
  • Energy: Insulated Windows, Insulated Doors, Solar Features, Backup Generator
  • Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet
  • Insulation: Full, Fiberglass
  • Interior Amenities: Security System, Cable Available, Indoor Pool
  • Basement: Full, Partially Finished, Walk Out, Interior Access, Concrete Floor
  • Bedroom 2: Second Floor, 15X17
  • Bedroom 3: First Floor, 13X17
  • Bedroom 4: Basement
  • Bathroom #1: First Floor, 8X5
  • Bathroom #2: Second Floor, 11X12
  • Bathroom #3: Basement, 11X6
  • Kitchen: First Floor, 19X14
  • Laundry Room: Basement, 11X8
  • Living Room: First Floor, 37X16
  • Master Bedroom: Second Floor, 13X23
  • Master Bedroom Description: Bathroom - Full, Closet - Walk-in, Flooring - Wall to Wall Carpet, Deck - Exterior
  • Dining Room: First Floor, 13X18
  • Family Room: First Floor, 14X14
  • Oth1 Room Name: Entry Hall
  • Oth1 Dimen: 14X16
  • Oth1 Dscrp: Flooring - Stone/Ceramic Tile
  • Oth2 Room Name: Gallery
  • Oth2 Dimen: 39X7
  • Oth2 Dscrp: Deck - Exterior, Exterior Access, Open Floor Plan, Remodeled
  • Oth3 Room Name: Study
  • Oth3 Dimen: 15X11
  • Oth3 Dscrp: Flooring - Wall to Wall Carpet
  • Oth4 Room Name: Workshop
  • Oth4 Dimen: 19X26
  • Oth5 Room Name: Bonus Room
  • Oth5 Dimen: 15X23
  • Oth5 Dscrp: Flooring - Wall to Wall Carpet
  • Oth6 Room Name: Wine Cellar
  • Oth6 Dimen: 15X11

Exterior Features

  • Roof: Rubber
  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Stucco
  • Exterior Features: Porch - Enclosed, Deck, Covered Patio/Deck, Professional Landscaping, Sprinkler System, Decorative Lighting, Screens, Garden Area, Stone Wall
  • Foundation: Poured Concrete
  • Waterfront: Ocean, Frontage, Walk to, Direct Access, Private
  • Beach Ownership: Private, Public
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Attached, Garage Door Opener, Heated, Storage, Work Area, Side Entry
  • Garage Spaces: 3
  • Parking: Off-Street
  • Parking Spaces: 10

Utilities

  • Heating: Hot Water Radiators, Humidifier, Oil
  • Heat Zones: 14
  • Hot Water: Oil
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Assessor Parcel Number: M:0146 B:0028 L:0000
  • Zoning: R3
  • Lot: 00

Multi Family

  • Waterview: Ocean, Private, Walk to

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2015
Closed on
Mar 31, 2016
Sold by
Amory 3Rd Robert
Bought by
Goldman M Barry
Seller's Agent
Amanda Armstrong
Compass
Buyer's Agent
Amanda Armstrong
Compass
List Price
$2,000,000
Sold Price
$2,000,000
Current Estimated Value
$3,480,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,480,205
Avg. Annual Appreciation
5.88%

Purchase Details

Closed on
Jan 2, 1990
Sold by
Richards Susan
Bought by
Amory Robt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Goldman M Barry $2,000,000 --
Amory Robt $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amory Robt $650,000
Previous Owner Amory Robt $1,650,000
Previous Owner Amory Robt $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2016 03/31/16 Sold $2,000,000 0.0% $462 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
02/06/2016 02/06/16 For Sale $2,000,000 0.0% $462 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
11/30/2015 11/30/15 For Sale $2,000,000 -- $462 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $35,337 $3,635,500 $3,057,100 $578,400
2024 $33,959 $3,490,100 $2,911,700 $578,400
2023 $32,336 $3,053,400 $2,484,500 $568,900
2022 $32,003 $2,728,300 $2,159,400 $568,900
2021 $31,197 $2,507,800 $1,965,500 $542,300
2020 $31,388 $2,545,700 $1,965,500 $580,200
2019 $31,405 $2,474,800 $1,874,100 $600,700
2018 $30,685 $2,373,200 $1,828,300 $544,900
2017 $30,169 $2,287,300 $1,742,400 $544,900
2016 $41,566 $3,054,100 $1,667,300 $1,386,800
2015 $41,608 $3,048,200 $1,629,500 $1,418,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71937148

MLS Property Information Network (MLS PIN)

APN: GLOU-000146-000028