NOT LISTED FOR SALE

Estimated Value: $845,000 - $1,115,000

5 Beds
4.5 Baths
3,624 Sq Ft
$264/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $815,000 $225 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,684/month

112 Days on Market

Highlights

  • Marina
  • Scenic Views
  • Deck
  • Golf Course Community
  • Waterfront
  • 1-minute walk to Benjamin Smith Playground at Cripple Cove

About This Home

As of September 2022

Location! Location! Location!What a fantastic opportunity to buy into this multifamily home in the spectacular city of Gloucester within steps of Cripple Cove and the beautiful sunsets and water views. Located in desirable East Gloucester with off-street parking; spacious units; laundry in the basement. Walking distance to Good Harbor Beach, retail stores, and Bass Rocks Golf Club. This large 3-family home has so much to offer, including the potential for a 4th unit. Each unit includes individual outside space. The rents are below market value.

Last Agent to Sell the Property

Suzanne Hickey

Best Deal Realty, LLC Listed on: 04/20/2022

Co-Listed By

Joseph Hickey

Best Deal Realty, LLC

Last Buyer's Agent

Michelle Mineo

Coldwell Banker Realty - Beverly

Coldwell Banker Realty - Beverly

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,924

Year Built

  • Built in 1900

Lot Details

  • 3,858 Sq Ft Lot
  • Waterfront
  • Corner Lot
  • Level Lot
  • Cleared Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,624 Sq Ft Home
  • Window Screens
  • Scenic Vista Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near a marina
  • Walking Distance to Water
  • Deck
  • Covered Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit

Utilities

  • No Cooling
  • 4 Heating Zones
  • Heating Available
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $5,550
  • Rent includes unit 1(heat electric water), unit 2(heat electric water), unit 3(heat electric water), unit 4(heat electric water)
  • Assessor Parcel Number 1896729

Community Details

Overview

  • 3 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Jogging Path

Building Details

  • Electric Expense $5,600
  • Insurance Expense $3,690
  • Water Sewer Expense $1,840
  • Operating Expense $14,650
  • Net Operating Income $51,947

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,924

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: Yes
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Tile,Concrete,Hardwood,Wood Laminate, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors,Wall to Wall Carpet), Unit 3(Hardwood Floors,Stone/Ceramic Tile Floor), Unit 4(Hardwood Floors,Wall to Wall Carpet,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Open Floor Plan), Unit 2(Ceiling Fans,Bathroom With Tub & Shower,Open Floor Plan), Unit 3(Bathroom With Tub & Shower), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo,Office/Den), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Door Features: Storm Door(s)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator,Washer,Dryer), Oil Water Heater
  • Total Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Laundry Features: Laundry Room, Unit 4 Laundry Room
  • Basement: Full, Finished, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 3624
  • Stories Total: 9
  • Window Features: Storm Window(s), Screens
  • MAIN LO: AN1891
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Rain Gutters, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck, Unit 4 Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Deck - Wood, Covered
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Waterfront, Beach Front, Ocean, Harbor, Direct Access, Marina, Harbor, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 1(None), Unit 3(None), Unit 4(None)
  • Heating: Baseboard,Oil,Common, Unit 1(Hot Water Baseboard,Oil,Common), Unit 2(Hot Water Baseboard,Oil,Common), Unit 3(Hot Water Baseboard,Oil,Common), Unit 4(Hot Water Baseboard,Oil,Common)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 4
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Conservation Area, House of Worship, Marina, T-Station
  • Rent Includes: Unit 1(Heat,Electric,Water), Unit 2(Heat,Electric,Water), Unit 3(Heat,Electric,Water), Unit 4(Heat,Electric,Water)

Fee Information

  • Water Sewer Expenses: 1840

Lot Info

  • Parcel Number: 1896729
  • Zoning: 10
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Cleared, Gentle Sloping, Level
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3858
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6923.5

Multi Family

  • Electric Expense: 5600
  • Insurance Expense: 3690
  • Net Operating Income: 51947
  • Number Of Units Total: 3
  • Operating Expense: 14650
  • Total Actual Rent: 5550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2022
Closed on
Sep 30, 2022
Sold by
Pierce Ft and Pierce
Bought by
Delisle Matthew
Seller's Agent
Suzanne Hickey
Best Deal Realty, LLC
Buyer's Agent
Michelle Mineo
Coldwell Banker Realty - Beverly
List Price
$900,000
Sold Price
$815,000
Premium/Discount to List
-$85,000
-9.44%
Views
5
Current Estimated Value
$955,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,632
Avg. Annual Appreciation
5.04%
Original Mortgage
$652,000
Outstanding Balance
$621,414
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$334,218
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
Delisle Matthew $815,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delisle Matthew $652,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $815,000 -4.0% $225 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
05/03/2022 05/03/22 Price Changed $849,000 -5.7% $234 / Sq Ft
04/20/2022 04/20/22 For Sale $900,000 -- $248 / 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 $7,951 $818,000 $140,900 $677,100
2024 $7,398 $760,300 $134,200 $626,100
2023 $7,701 $727,200 $119,800 $607,400
2022 $6,923 $590,200 $104,200 $486,000
2021 $6,698 $538,400 $94,700 $443,700
2020 $6,325 $513,000 $94,700 $418,300
2019 $5,830 $459,400 $94,700 $364,700
2018 $5,575 $431,200 $94,700 $336,500
2017 $5,368 $407,000 $90,200 $316,800
2016 $4,979 $365,800 $94,200 $271,600
2015 $4,877 $357,300 $94,200 $263,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72968636

MLS Property Information Network (MLS PIN)

APN: GLOU-000055-000041