$1,200,000
SOLD DEC 12, 2013

1 Ocean Ave Scituate, MA 02066

5 Beds
3 Baths
3,664 Sq Ft
0.9 Acres

Recently Sold

$328 Per Sq Ft

38% Below List Price

151 Days on Market

About This Home

As of June 2014

Steps to Minot Beach, this once-grand " Cottage Near The Sea " is sited beautifully on perfectly flat land in the celebrity area of Minot that Mayors and Governors have called home for generations. The opportunity for renovation or building new is extraordinary, as the land value alone is substantial. The private swimming pool is a landscaped oasis! The visionary buyer will recognize the unique lifestyle of Ocean Avenue at the corner of Gannett Road within sight and sound of the Atlantic !!!!!

Last Agent to Sell the Property

William Good

Compass Listed on: 07/12/2013

Compass

Last Buyer's Agent

William Good

Compass Listed on: 07/12/2013

Compass

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,755

Year Built

1880

Lot Details

0

Listing Details

  • Lot Description: Corner, Level
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1880

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 8
  • Amenities: Public Transportation, Shopping, Bike Path, Marina, T-Station
  • Electric: 100 Amps
  • Energy: Storm Windows, Storm Doors
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Basement: Partial
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Bathroom - Full, Flooring - Hardwood
  • Dining Room: First Floor
  • Family Room: First Floor

Exterior Features

  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Porch, Porch - Enclosed, Patio, Pool - Inground, Barn/Stable, Fenced Yard
  • Foundation: Fieldstone

Garage/Parking

  • Garage Parking: Detached, Storage, Work Area
  • Garage Spaces: 2
  • Parking: Off-Street
  • Parking Spaces: 4

Utilities

  • Hot Water: Oil

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2014
Closed on
Jul 31, 2014
Sold by
Crone Gregory J and Crone Wendy M
Bought by
Gannett Road Nt
Seller's Agent
William Good
Compass
Buyer's Agent
Gerri Predella
William Raveis R.E. & Home Services
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%
Current Estimated Value
$2,543,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,093,585
Avg. Annual Appreciation
4.25%
Original Mortgage
$900,000
Outstanding Balance
$691,423
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,625,966

Purchase Details

Listed on
May 15, 2014
Closed on
Jun 27, 2014
Sold by
Crone Gregory J and Crone Wendy M
Bought by
Angley Ellen K and Angley Jeffrey T
Seller's Agent
William Good
Compass
Buyer's Agent
Gerri Predella
William Raveis R.E. & Home Services
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$691,423
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,625,966

Purchase Details

Listed on
Jul 12, 2013
Closed on
Dec 12, 2013
Sold by
Mary G Scott Lt
Bought by
Crone Gregory J and Crone Wendy M
Seller's Agent
William Good
Compass
Buyer's Agent
William Good
Compass
List Price
$1,950,000
Sold Price
$1,200,000
Premium/Discount to List
-$750,000
-38.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.97%
Original Mortgage
$840,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Not Resolvable $725,000 --
Not Resolvable $1,450,000 --
Not Resolvable $1,200,000 --
Not Resolvable $1,200,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 Purchase Money Mortgage
Previous Owner $840,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2014 06/27/14 Sold $1,450,000 0.0% $396 / Sq Ft
06/23/2014 06/23/14 Pending -- -- --
05/30/2014 05/30/14 Off Market $1,450,000 -- --
05/15/2014 05/15/14 For Sale $1,550,000 +29.2% $423 / Sq Ft
12/12/2013 12/12/13 Sold $1,200,000 0.0% $328 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
10/02/2013 10/02/13 Off Market $1,200,000 -- --
07/12/2013 07/12/13 For Sale $1,950,000 -- $532 / 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 $23,755 $2,377,900 $937,800 $1,440,100
2024 $24,446 $2,359,700 $947,300 $1,412,400
2023 $20,959 $2,028,900 $861,200 $1,167,700
2022 $20,959 $1,660,800 $681,200 $979,600
2021 $18,881 $1,416,400 $648,800 $767,600
2020 $18,521 $1,371,900 $623,800 $748,100
2019 $18,098 $1,317,200 $611,500 $705,700
2018 $17,078 $1,224,200 $598,300 $625,900
2017 $17,249 $1,224,200 $598,300 $625,900
2016 $16,998 $1,202,100 $598,300 $603,800
2015 $14,817 $1,131,100 $571,400 $559,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71554224

MLS Property Information Network (MLS PIN)

APN: SCIT-000008-000003-000011