Seller's Agent in 2026
Peter Lane
North Shore's Gold Coast Realty
(978) 689-5431
25 in this area
78 Total Sales
118 Prospect St Gloucester, MA 01930
Central Gloucester NeighborhoodEstimated Value: $575,000 - $641,964
4
Beds
2
Baths
2,106
Sq Ft
$285/Sq Ft
Est. Value
Highlights
- Beach Front
- Medical Services
- Granite Flooring
- Marina
- Harbor Views
- 4-minute walk to Burnham's Field
About This Home
As of February 2026Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout of your dreams either as 2 fam. or large single family, while the 5660 square feet lot provides a setting for outdoor enjoyment. Constructed in 1894, this home carries with it a rich heritage, poised to blend timeless charm with modern aspirations. This Gloucester residence is a promising venture, ready for its transformation into a cherished home. 2 car paved off street parking. Newer gas heating and hot water systems. Waterview Cupola room! Close to all downtown Gloucester has to offer!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,849
Year Built
- Built in 1894
Lot Details
- 5,660 Sq Ft Lot
- Beach Front
- Stone Wall
- Corner Lot
- Gentle Sloping Lot
- Garden
Property Views
- Harbor
- City
- Scenic Vista
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,106 Sq Ft Home
- Property has 2 Levels
- Ceiling Fan
- 2 Fireplaces
- Living Room
- Home Office
- Storm Windows
- Range
- Attic
Flooring
- Pine Flooring
- Plywood
- Granite
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 2 Car Parking Spaces
- Driveway
- Paved Parking
- 2 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
Location
- Property is near public transit and schools
Schools
- O'maley Middle School
- Gloucester High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Individual Controls for Heating
- 220 Volts
- 100 Amp Service
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 1895192
Community Details
Overview
- 2 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Tennis Courts
- Park
- Jogging Path
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
Jan 15, 2026
Closed on
Feb 9, 2026
Sold by
Bought by
Seller's Agent
Peter Lane
North Shore's Gold Coast Realty
Buyer's Agent
Margaret Maher
William Raveis R.E. & Home Services
List Price
$629,000
Sold Price
$580,000
Premium/Discount to List
-$49,000
-7.79%
Views
66
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
$19,491
Avg. Annual Appreciation
11.65%
Purchase Details
Listed on
Jun 26, 2014
Closed on
Aug 28, 2014
Sold by
Bought by
Seller's Agent
Peter Foster
North Shore's Gold Coast Realty
Buyer's Agent
Holly Chiancola
Holly C & Co. Fine Homes
List Price
$339,000
Sold Price
$330,250
Premium/Discount to List
-$8,750
-2.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$280,500
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 3, 1990
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
10.18%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $580,000 | -- | ||
| $330,250 | -- | ||
| $330,250 | -- | ||
| $125,000 | -- | ||
| $125,000 | -- |
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 |
|---|---|---|---|
| Previous Owner | $280,500 | ||
| Previous Owner | $95,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 02/11/2026 02/11/26 | Sold | $580,000 | -7.8% | $275 / Sq Ft | |
| 01/20/2026 01/20/26 | Pending | -- | -- | -- | |
| 01/15/2026 01/15/26 | For Sale | $629,000 | +90.5% | $299 / Sq Ft | |
| 08/28/2014 08/28/14 | Sold | $330,250 | -2.6% | $157 / Sq Ft | View Prior Sale |
| 07/08/2014 07/08/14 | Pending | -- | -- | -- | |
| 07/02/2014 07/02/14 | For Sale | $339,000 | +2.6% | $161 / Sq Ft | |
| 07/01/2014 07/01/14 | Off Market | $330,250 | -- | -- | |
| 06/26/2014 06/26/14 | For Sale | $339,000 | -- | $161 / 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 |
|---|---|---|---|---|
| 2025 | $5,371 | $552,600 | $143,000 | $409,600 |
| 2024 | $5,274 | $542,000 | $136,200 | $405,800 |
| 2023 | $5,739 | $541,900 | $121,600 | $420,300 |
| 2022 | $5,372 | $458,000 | $105,700 | $352,300 |
| 2021 | $5,194 | $417,500 | $96,100 | $321,400 |
| 2020 | $4,920 | $399,000 | $96,100 | $302,900 |
| 2019 | $4,566 | $359,800 | $96,100 | $263,700 |
| 2018 | $4,253 | $328,900 | $96,100 | $232,800 |
| 2017 | $3,995 | $302,900 | $86,600 | $216,300 |
| 2016 | $3,838 | $282,000 | $86,500 | $195,500 |
| 2015 | $3,766 | $275,900 | $86,500 | $189,400 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Lane
-
Margaret Maher
Buyer's Agent in 2026
Margaret Maher
William Raveis R.E. & Home Services
(978) 335-6846
2 in this area
24 Total Sales
-
Peter Foster
Seller's Agent in 2014
Peter Foster
North Shore's Gold Coast Realty
(617) 823-3812
-
Holly Chiancola
Buyer's Agent in 2014
Holly Chiancola
Holly C & Co. Fine Homes
(978) 281-4995
2 in this area
42 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73468938
APN: GLOU-000029-000021
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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