NOT LISTED FOR SALE

Estimated Value: $699,000 - $748,000

5 Beds
3 Baths
2,835 Sq Ft
$255/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $610,000 $215 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,417/month

4 Days on Market

About This Home

As of December 2021

Investment opportunity or owner occupied 3 family with rental income!!! Close to downtown Gloucester, Boulevard, parks and waterfront. Desirable in-town location, near schools, churches, shopping and commuter rail. First floor unit offers, kitchen, living room and one bedroom. Second and third floor units offer two apartments in a duplex style, with kitchen, living room on second floor, and 2 bedrooms each on third floor. Stoves and refrigerators stay with property. All separate utilities. Electric heat and gas hot water. First floor unit is occupied. One of the second/third floor units is currently rented but tenant is moving out. The other unit is empty. Showings will be by appointment only on Saturday, October 30th and Sunday, October 31 between 12 and 2:00pm.

Last Listed By

Joanne Frontiero

Holly C & Co. Fine Homes Listed on: 10/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,685

Year Built

  • 1900

Lot Details

  • 2,614

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,685

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Directions: Washington St,. to Orchard St, to Summer St, adjacent to Hovey School Condos
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Unknown/Mixed
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater
  • Total Bathrooms: 3
  • MAIN LO: BB5769
  • LIST PRICE PER Sq Ft: 211.29
  • PRICE PER Sq Ft: 215.17
  • MAIN SO: AN6181
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Wood,Tile,Vinyl,Carpet,Varies Per Unit
  • Interior Amenities: Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Bathroom With Tub & Shower), Unit 3(Ceiling Fans,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Stories: 6

Exterior Features

  • Roof: Shingle
  • Foundation Details: Brick/Mortar
  • Construction Type: Frame
  • Exclusions: Washer And Dryers Belong To Tenants And Are Not Included.
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Features: Corner Lot
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Shared Driveway, Off Street, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating: Unit 1(Electric), Unit 2(Electric), Unit 3(Electric)
  • HEAT UNITS: 3
  • COOLING ZONES: 0
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, Sidewalks
  • HOA Rent Includes: Unit 1(Electric,Gas), Unit 2(Electric,Gas), Unit 3(Electric,Gas)

Schools

  • High School: Ghs
  • Middle Or Junior School: O'maley

Lot Info

  • LOT SIZE: 2500
  • PAGE: 0107
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 2613.6
  • Zoning: R-5

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Annual Gross Income: 33600
  • Property Net Operating Income: 33600
  • Number Of Units Total: 3
  • Total Actual Rent: 2800

Tax Info

  • Tax Annual Amount: 4228.36
  • Tax Block: 0067
  • Tax Book Number: 4430
  • Tax Lot: 0000
  • Tax Map Number: 0016
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2022
Sold by
Dangelo Alassandro A
Bought by
360 Properties Ma Llc
Total Days on Market
4
Current Estimated Value
$722,870

Purchase Details

Listed on
Oct 27, 2021
Closed on
Dec 22, 2021
Sold by
Vitale C Est
Bought by
Dangelo Alassandro A
Seller's Agent
Joanne Frontiero
Holly C & Co. Fine Homes
Buyer's Agent
Frances Frisella
Coldwell Banker Realty - Lynnfield
List Price
$599,000
Sold Price
$610,000
Premium/Discount to List
$11,000
1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,641
Interest Rate
2.98%
Mortgage Type
FHA

Range of Values:

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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
360 Properties Ma Llc -- None Available
Dangelo Alassandro A $610,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dangelo Alassandro A $589,641
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $610,000 +1.8% $215 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $599,000 -- $211 / 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 $4,685 $481,500 $115,200 $366,300
2024 $4,685 $481,500 $115,200 $366,300
2023 $4,864 $459,300 $102,800 $356,500
2022 $4,366 $372,200 $89,400 $282,800
2021 $4,228 $339,900 $81,300 $258,600
2020 $4,011 $325,300 $81,300 $244,000
2019 $3,737 $294,500 $81,300 $213,200
2018 $3,598 $278,300 $81,300 $197,000
2017 $3,415 $258,900 $73,200 $185,700
2016 $3,171 $233,000 $73,200 $159,800
2015 $3,114 $228,100 $73,200 $154,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72913259

MLS Property Information Network (MLS PIN)

APN: GLOU-000016-000067