NOT LISTED FOR SALE

Estimated Value: $437,000 - $731,000

6 Beds
2 Baths
2,226 Sq Ft
$280/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $680,000 $305 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,700/month

10 Days on Market

Highlights

  • Marina
  • Granite Flooring
  • Property is near public transit and schools
  • Medical Services
  • Deck
  • 5-minute walk to Burnham's Field

About This Home

As of October 2022

Great for an owner occupied or investment property located near beautiful downtown Gloucester! Well maintained with many new upgrades including roof and 2 electric hot water heaters. Unit 1 features 2 bedrooms and one bath with an eat-in kitchen with lovely hardwood floors, ample cabinet storage and access to a back deck. Unit 2 features 4 bedrooms and one bath - also with an eat-in kitchen with tiled floors and access to the rear deck. Lovely, light filled rooms with ample storage space. Both units have been de-leaded with certificates. All separate utilities except Water/Sewer -- Full basement with laundry hook ups and ample off street parking. Great location within a short distance to Gloucester Harbor, downtown, restaurants, and commuter rail!

Last Agent to Sell the Property

Nancy Goodick

Listed on: 08/19/2022

Last Buyer's Agent

Elizabeth Schultz

Century 21 North East

Century 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,152

Year Built

  • Built in 1900

Lot Details

  • 4,150 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Stone Foundation

Interior Spaces

  • 2,226 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Granite
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

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

Parking

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

Schools

  • Gloucester Elementary School
  • O'maley Middle School
  • Gloucester High School

Utilities

  • No Cooling
  • Heating Available
  • Water Heater

Additional Features

  • Deck
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $3,400
  • Rent includes unit 1(water), unit 2(water)
  • Tax Lot 78
  • Assessor Parcel Number M:0013 B:0078 L:0000,1894016

Community Details

Overview

  • 2 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Tennis Courts
  • Park
  • Jogging Path

Building Details

  • Net Operating Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,152

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile,Laminate,Hardwood
  • Interior Amenities: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Microwave,Refrigerator), Unit 2(Range,Dishwasher,Microwave,Refrigerator), Tank Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete
  • Living Area: 2226
  • Stories Total: 3
  • MAIN LO: AN6181
  • MAIN SO: AN4339

Exterior Features

  • Foundation Details: Stone, Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront Features: Beach Front, Creek, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0013 B:0078 L:0000,1894016
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4150
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5152
  • Tax Lot: 78

Multi Family

  • Net Operating Income: 40800
  • Number Of Units Total: 2
  • Total Actual Rent: 3400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Gloucester
  • Elementary School: Gloucester
  • Middle Or Junior School: O'maley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2015
Closed on
Jun 26, 2015
Sold by
Margiotta Debbie and Margiotta Ignazio
Bought by
Oliver Michael D and Oliver Alicia R
Seller's Agent
Listing Group
Lamacchia Realty, Inc.
Buyer's Agent
Nancy Goodick
List Price
$319,000
Sold Price
$320,000
Premium/Discount to List
$1,000
0.31%
Current Estimated Value
$624,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,196
Avg. Annual Appreciation
6.56%

Purchase Details

Closed on
Feb 2, 2007
Sold by
Dorothy E Stanley T
Bought by
Margiotta Debbie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,200
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
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
Oliver Michael D $320,000 --
Margiotta Debbie A $264,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Margiotta Debbie A $201,550
Previous Owner Margiotta Debbie A $211,200
Previous Owner Margiotta Debbie A $24,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2022 10/27/22 Sold $680,000 -2.8% $305 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/19/2022 08/19/22 For Sale $699,900 +118.7% $314 / Sq Ft
06/26/2015 06/26/15 Sold $320,000 +0.3% $160 / Sq Ft View Prior Sale
05/28/2015 05/28/15 For Sale $319,000 -- $159 / 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 $5,159 $530,800 $131,800 $399,000
2024 $5,066 $520,700 $125,500 $395,200
2023 $5,504 $519,700 $112,100 $407,600
2022 $5,152 $439,200 $97,500 $341,700
2021 $4,980 $400,300 $88,600 $311,700
2020 $4,714 $382,300 $88,600 $293,700
2019 $4,369 $344,300 $88,600 $255,700
2018 $4,065 $314,400 $88,600 $225,800
2017 $3,820 $289,600 $79,800 $209,800
2016 $3,506 $257,600 $79,800 $177,800
2015 $2,869 $210,200 $79,800 $130,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73027580

MLS Property Information Network (MLS PIN)

APN: GLOU-000013-000078