Seller's Agent in 2025
Peter Lane
North Shore's Gold Coast Realty
(978) 689-5431
76 Total Sales
1060 Washington St Gloucester, MA 01930
Estimated Value: $729,000 - $799,000
6
Beds
4
Baths
2,388
Sq Ft
$317/Sq Ft
Est. Value
Highlights
- Marina
- Granite Flooring
- Property is near public transit
- Medical Services
- Deck
- Cathedral Ceiling
About This Home
As of May 2025Hard 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 vinyl siding. Full basement offers ample storage. Former Artist residence and gallery offers good investment or owner occupant opportunity in a desirable location very close to Plum Cove Beach for swimming and incredible sunsets, Folly Cove for scuba diving, and Lane's Cove for boating and fishing! Units are very functional but could use some updates over time. Zoned VB village business offers many possibilities! Large handicap 1st floor bath and laundry. $5900 monthly gross rental income!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,864
Year Built
- Built in 1900
Lot Details
- 6,530 Sq Ft Lot
- Level Lot
- Cleared Lot
Parking
- 1 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Triplex
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 2,388 Sq Ft Home
- Cathedral Ceiling
- Skylights
- Insulated Windows
- Sliding Doors
- Family Room
- Combination Dining and Living Room
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Pine Flooring
- Laminate
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Outdoor Features
- Walking Distance to Water
- Bulkhead
- Balcony
- Deck
- Shed
Location
- Property is near public transit
- Property is near schools
Schools
- O'maley Middle School
- Gloucester High School
Utilities
- No Cooling
- Heating System Uses Oil
- Individual Controls for Heating
- Baseboard Heating
- Separate Meters
- 220 Volts
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $5,900
- Rent includes unit 1(water), unit 2(water hot water), unit 3(water hot water)
- Tax Lot 24
Community Details
Overview
- 3 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
Recreation
- Marina
- Park
- Jogging Path
Building Details
- Electric Expense $2,700
- Insurance Expense $3,800
- Water Sewer Expense $4,087
- Operating Expense $4,087
- Net Operating Income $60,213
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 27, 2025
Closed on
May 8, 2025
Sold by
Mcisaac Jason L
Bought by
Mcwethy James and Mcwethy Stephanie
Seller's Agent
Peter Lane
North Shore's Gold Coast Realty
Buyer's Agent
Linda Clayton
RE/MAX Beacon
List Price
$799,000
Sold Price
$790,000
Premium/Discount to List
-$9,000
-1.13%
Views
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,000
Avg. Annual Appreciation
-6.77%
Original Mortgage
$592,500
Outstanding Balance
$589,335
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$168,665
Purchase Details
Closed on
Jul 31, 2019
Sold by
Mcisaac Jason L
Bought by
Proctor Property Mgmt Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 20, 2013
Closed on
Feb 28, 2014
Sold by
Black John W and Black Christine
Bought by
Mcisaac Jason L
Seller's Agent
Peter Lane
North Shore's Gold Coast Realty
Buyer's Agent
Margaret Belmonte and Associates
RE/MAX Advantage Real Estate
List Price
$345,000
Sold Price
$285,000
Premium/Discount to List
-$60,000
-17.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%
Original Mortgage
$213,750
Interest Rate
4.39%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcwethy James | $790,000 | None Available | |
| Mcwethy James | $790,000 | None Available | |
| Mcwethy James | $790,000 | None Available | |
| Proctor Property Mgmt Llc | -- | -- | |
| Mcisaac Jason L | $285,000 | -- | |
| Mcisaac Jason L | $285,000 | -- | |
| Mcisaac Jason L | $285,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcwethy James | $592,500 | |
| Closed | Mcwethy James | $592,500 | |
| Previous Owner | Proctor Property Mgmt Llc | $405,000 | |
| Previous Owner | Mcisaac Jason L | $213,750 | |
| Previous Owner | Mcisaac Jason L | $24,075 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2025 05/08/25 | Sold | $790,000 | -1.1% | $331 / Sq Ft | |
| 04/02/2025 04/02/25 | Pending | -- | -- | -- | |
| 03/27/2025 03/27/25 | For Sale | $799,000 | +180.4% | $335 / Sq Ft | |
| 02/28/2014 02/28/14 | Sold | $285,000 | -17.4% | $116 / Sq Ft | View Prior Sale |
| 01/29/2014 01/29/14 | Pending | -- | -- | -- | |
| 11/20/2013 11/20/13 | For Sale | $345,000 | -- | $140 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,864 | $603,300 | $213,700 | $389,600 |
| 2024 | $5,491 | $564,300 | $203,500 | $360,800 |
| 2023 | $5,644 | $533,000 | $181,700 | $351,300 |
| 2022 | $5,127 | $437,100 | $154,500 | $282,600 |
| 2021 | $4,964 | $399,000 | $140,400 | $258,600 |
| 2020 | $4,742 | $384,600 | $140,400 | $244,200 |
| 2019 | $4,495 | $354,200 | $140,400 | $213,800 |
| 2018 | $4,374 | $338,300 | $140,400 | $197,900 |
| 2017 | $4,227 | $320,500 | $133,800 | $186,700 |
| 2016 | $4,019 | $295,300 | $134,200 | $161,100 |
| 2015 | $4,656 | $341,100 | $134,200 | $206,900 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Lane
-
Linda Clayton
Buyer's Agent in 2025
Linda Clayton
RE/MAX
(978) 652-8240
28 Total Sales
-
M
Buyer's Agent in 2014
Margaret Belmonte and Associates
RE/MAX
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73350857
APN: GLOU-000142-000024
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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