George Needham
GLN & Company, LLC
(978) 736-2304
25 Total Sales
1 in East Gloucester
$750,000 Price
118 Eastern Ave Gloucester, MA 01930
East Gloucester NeighborhoodEstimated Value: $613,000 - $780,000
5
Beds
2
Baths
2,436
Sq Ft
$285/Sq Ft
Est. Value
Highlights
- 0.6 Acre Lot
- Property is near public transit and schools
- Covered Patio or Porch
- Deck
- 1 Fireplace
- Park
About This Home
As of October 2023Welcome Home To This Large Multi-2 Family Property That's Been In Same Family For Many Decades. Perched high above Eastern Ave lies a rare opportunity to own this private and secluded property situated on a lot of over half an acre, located within mins to Gloucester's sandy beaches, shops restaurants and easy hwy access! The 1st LL, is rustic offering 2 beds, 1 bath with in-unit laundry and rental income to off set mortgage costs. The 2nd lvl townhouse style unit offers open floor plan with updated kitchen and bath, 2 generous sized bedrooms with additional bedrooms and office space on 3rd LL. In-unit laundry, high ceilings and deck to enjoy morning sunrises and evening sunsets finish this unit. Newer roof, siding, updated electric panel and 10+ prkg . Oversized garage and workshop area provide space for craftsperson and additional storage. Property’s orientation creates a serene setting with a sprawling tree-lined lot, perfect outdoor space for both entertaining or a peaceful retreat.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,307
Year Built
- Built in 1920 | Remodeled
Lot Details
- 26,010 Sq Ft Lot
- Gentle Sloping Lot
- Cleared Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
- Deeded Parking
Home Design
- Duplex
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,436 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
- Insulated Windows
- Unfinished Basement
- Partial Basement
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- East Gloucester Elementary School
- O'maley Middle School
- GHS High School
Additional Features
- Property is near public transit and schools
- Private Sewer
Listing and Financial Details
- Total Actual Rent $1,400
- Assessor Parcel Number 1906563
Community Details
Recreation
- Park
Additional Features
- 2 Units
- Shops
- Net Operating Income $16,800
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2023
Closed on
Oct 10, 2023
Sold by
Bought by
Seller's Agent
Stacey Simpson
Century 21 North East
Buyer's Agent
Atlee Alman
Vadala Real Estate
List Price
$679,900
Sold Price
$530,000
Premium/Discount to List
-$149,900
-22.05%
Views
5
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
$165,147
Avg. Annual Appreciation
9.91%
Original Mortgage
$880,000
Outstanding Balance
$855,756
Interest Rate
7.23%
Mortgage Type
Commercial
Estimated Equity
-$160,609
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Gloucester, MA
-
George Needham
-
Margaret Belmonte
Margaret Belmonte
Leading Edge Real Estate
(351) 208-9854
40 Total Sales
1 in East Gloucester
$1,010,000 Price
-
Minka vanBeuzekom
Minka vanBeuzekom
Coldwell Banker Realty - Cambridge
(617) 657-2667
55 Total Sales
1 in East Gloucester
$2,455,000 Price
-
Robin Moore
Robin Moore
Churchill Properties
(401) 309-0652
41 Total Sales
1 in East Gloucester
$1,225,000 Price
-
Katelyn Ciaramitaro
Katelyn Ciaramitaro
Responds QuicklyEngel & Volkers By the Sea
(978) 969-9322
27 Total Sales
5 in East Gloucester
$483K - $1.7M Price Range
-
Deborah M Gordon
Deborah M Gordon
Coldwell Banker Realty - Brookline
(857) 425-1550
106 Total Sales
1 in East Gloucester
$1,669,300 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $530,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $105,000 | ||
| Open | $880,000 | ||
| Previous Owner | $356,000 | ||
| Previous Owner | $340,862 | ||
| Previous Owner | $55,000 | ||
| Previous Owner | $230,000 | ||
| Previous Owner | $165,000 | ||
| Previous Owner | $160,000 | ||
| Previous Owner | $153,000 | ||
| Previous Owner | $145,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/10/2023 10/10/23 | Sold | $530,000 | -22.0% | $218 / Sq Ft |
| 08/29/2023 08/29/23 | Pending | -- | -- | -- |
| 08/23/2023 08/23/23 | For Sale | $679,900 | -- | $279 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $7,377 | $792,400 | $197,600 | $594,800 |
| 2025 | $6,179 | $635,700 | $202,900 | $432,800 |
| 2024 | $7,081 | $727,800 | $193,200 | $534,600 |
| 2023 | $7,307 | $690,000 | $172,500 | $517,500 |
| 2022 | $6,883 | $586,800 | $150,000 | $436,800 |
| 2021 | $6,675 | $536,600 | $136,400 | $400,200 |
| 2020 | $6,345 | $514,600 | $136,400 | $378,200 |
| 2019 | $5,941 | $468,200 | $136,400 | $331,800 |
| 2018 | $5,579 | $431,500 | $136,400 | $295,100 |
| 2017 | $5,255 | $398,400 | $122,800 | $275,600 |
| 2016 | $5,064 | $372,100 | $122,700 | $249,400 |
| 2015 | $4,980 | $364,800 | $122,700 | $242,100 |
Source: Public Records
Agents Affiliated with this Home
-
Stacey Simpson
S
Seller's Agent in 2023
Stacey Simpson
Century 21 North East
(617) 899-3990
1 in this area
8 Total Sales
-
Atlee Alman
A
Buyer's Agent in 2023
Atlee Alman
Vadala Real Estate
(978) 807-8096
5 in this area
27 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73151327
APN: GLOU-000264-000005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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