NOT LISTED FOR SALE

Estimated Value: $735,000 - $820,000

6 Beds
4 Baths
3,373 Sq Ft
$231/Sq Ft Est. Value

Last Sold September 15, 2022

Last sale price $693,000 $205 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,878/month

4 Days on Market

Highlights

  • Marina
  • Water Access
  • City View
  • Golf Course Community
  • Medical Services
  • 4-minute walk to Burnham's Field

About This Home

As of September 2022

Oversized, two-family with slate roof and landscaped yard located in the heart of Gloucester. This stately, Greek Revival with original, grand staircase and stained glass offers incredible city views and peaks of the nearby harbor! Each unit townhouse style, has 3 bedrooms/2 full baths, laundry, extra storage, and it’s own outdoor space. First floor unit with mudroom and patio is spacious and inviting. Second floor unit boasts bay windows and large eat-in kitchen with deck overlooking the back yard. 10 Forest Street is a charming area with newly paved public road and close proximity to downtown by the sea, and park. Please join us for Open House on…Friday 22 from 4:00PM-6:00PM. Sunday 12-1:00.

Last Listed By

Michelle Mineo

Coldwell Banker Realty - Beverly Listed on: 07/21/2022

Coldwell Banker Realty - Beverly

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,909

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Near Conservation Area
  • Fenced
  • Garden

Home Design

  • Stone Foundation
  • Frame Construction
  • Slate Roof

Interior Spaces

  • 3,373 Sq Ft Home
  • Property has 2 Levels
  • 1 Fireplace
  • City Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

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

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Bulkhead
  • Deck
  • Patio
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available

Listing and Financial Details

  • Total Actual Rent $4,304
  • Rent includes unit 1(water), unit 2(heat water hot water)
  • Assessor Parcel Number 1895111

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Insurance Expense $2,071
  • Water Sewer Expense $2,314
  • Operating Expense $10,341
  • Net Operating Income $41,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,909

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Transaction Broker: 2.0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Wood,Tile,Carpet, Unit 1(undefined), Unit 2(Tile Floor)
  • Interior Amenities: Unit 1(Bathroom with Shower Stall,Bathroom With Tub), Unit 2(Bathroom with Shower Stall,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen,Mudroom,Office/Den), Unit 2 Rooms(Living Room,Kitchen,Office/Den)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer)
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
  • Basement: Full, Finished, Bulkhead
  • Living Area: 3373
  • Stories Total: 4
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 207.23
  • PRICE PER Sq Ft: 205.46
  • MAIN SO: C95098

Exterior Features

  • Exterior Features: Rain Gutters, Storage, Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Slate
  • View: City View(s), City
  • View YN: Yes
  • Waterfront Features: Beach Front, Beach Access, Harbor, Ocean, Direct Access, Walk to, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Heat,Water,Hot Water)

Fee Information

  • Water Sewer Expenses: 2314

Lot Info

  • Parcel Number: 1895111
  • Zoning: MR2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098
  • Lot Size Units: Acres
  • PAGE: 1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5909
  • Tax Book Number: 24985

Multi Family

  • Gross Income: 51648
  • Insurance Expense: 2071
  • Net Operating Income: 41307
  • Number Of Units Total: 2
  • Operating Expense: 10341
  • Total Actual Rent: 4304
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2005
Sold by
Morais Joseph L and Morais Maria M
Bought by
Pierce Michael A
Total Days on Market
4
Current Estimated Value
$777,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pierce Michael A $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lang Erik R $554,400
Closed 10 Forest Street Rt $304,500
Closed 10 Forest Street Rt $304,500
Closed Morais Joseph L $372,000
Previous Owner Morais Joseph L $45,000
Previous Owner Morais Joseph L $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $693,000 -0.9% $205 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $699,000 -- $207 / 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 $6,563 $674,500 $137,600 $536,900
2024 $6,563 $674,500 $137,600 $536,900
2023 $6,300 $594,900 $122,800 $472,100
2022 $5,903 $503,200 $106,800 $396,400
2021 $5,711 $459,100 $97,100 $362,000
2020 $5,407 $438,500 $97,100 $341,400
2019 $5,011 $394,900 $97,100 $297,800
2018 $4,661 $360,500 $97,100 $263,400
2017 $4,387 $332,600 $87,500 $245,100
2016 $4,181 $307,200 $87,500 $219,700
2015 $4,100 $300,400 $87,500 $212,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Gloucester, MA

  • 1 Brightside Ave, Gloucester, MA 01930

    $788,800

    • 4 Beds
    • 3 Baths
    • 2,587 Sq Ft
    • 1 Brightside Ave
    • Gloucester, MA

    Discover this enchanting Two-Family home, perfectly tucked away on a picturesque side street in East Gloucester. Offering generously sized rooms, this residence sits just under half a mile from the golden sands of Good Harbor Beach. Enjoy proximity to the Cripple Cove Playground and the prestigious Bass Rocks Golf Club. Ideal for both first-time homebuyers and savvy investors, the property allows

    Fintan Madden RE/MAX Beacon

    Section Image
  • 1060 Washington St, Gloucester, MA 01930

    $799,000

    • 6 Beds
    • 4 Baths
    • 2,388 Sq Ft
    • 1060 Washington St
    • Gloucester, MA

    Hard to find fully tenanted 3 family in Lanesville village setting comprised of a large 6 Rm 3-4 BR 2 BA 1st floor apt, a 4 Rm 2 BR 1 BA 2nd floor apt., and a 2 Rm 1 BA 3rd floor studio apt. In addition, there is a detached combination 1 car garage/cottage great for workshop in rear along with 2 car off street paved parking, yard, patio for firepit area, and large 1st floor deck! Low maintenance

    Peter and Pam Lane North Shore's Gold Coast Realty

    Section Image

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73015395

MLS Property Information Network (MLS PIN)

APN: GLOU-000028-000075