NOT LISTED FOR SALE

126 Coles Island Rd Gloucester, MA 01930

West Gloucester Neighborhood

Estimated Value: $1,504,000 - $9,416,000

5 Beds
6 Baths
8,300 Sq Ft
$728/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $6,750,000 $813 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $37,639/month

80 Days on Market

About This Home

As of December 2021

Located in tranquil West Gloucester and situated at the end of a private, country road, sits this spectacular 27.5+/- acre waterfront estate with stunning views over Essex Bay to Hog Island, Crane’s Beach, toward the ocean and beyond. Virtually the entire view shed is protected by conservation land, which means that the classic coastal scenery will remain unchanged. This is a unique opportunity to acquire a coastal sanctuary which embraces its peaceful and natural environment. The property includes a beautifully renovated 1926 manor house, three-bedroom guest house, swimming pool, tennis court, and granite pier for boating, fishing, or swimming. This hilltop setting features sweeping views over vast rolling lawns, striking perennial and rose gardens, to the Atlantic Ocean. The 358' shared granite pier extends into the bay, providing direct access for boating, paddle boarding, kayaking, and swimming. Come and enjoy magnificent sunsets and views to New Hampshire & Maine.

Last Agent to Sell the Property

Lanse Robb

LandVest, Inc., Manchester -by-the-Sea Listed on: 05/21/2021

Last Buyer's Agent

Lucy Loring & Laura DeLuca

Compass

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,701

Year Built

  • 1926

Lot Details

  • 27.5

Parking

  • 2

Bedrooms and Bathrooms

  • Primary bedroom located on second floor

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,701

Year Built

1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • Architectural Style: Colonial, Other (See Remarks)
  • Carport Y N: No
  • Directions: Turn right on Cole's Island Rd. Property is at the end of the road on the left.
  • Garage Yn: Yes
  • Horses: Yes
  • Property Attached Yn: No
  • Road Frontage Type: Private Road
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1926

Interior Features

  • Appliances: Oven,Dishwasher,Indoor Grill,Countertop Range,Refrigerator,Freezer,Washer,Dryer, Utility Connections for Gas Range
  • Has Basement: Full, Interior Entry, Unfinished
  • Room Bedroom2 Level: First
  • Room Bedroom3 Level: Second
  • Room Bedroom4 Level: Second
  • Room Bedroom5 Level: Second
  • Total Bathrooms: 5.5
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: Yes
  • Bathroom 1 Level: First
  • Bathroom 2 Level: Second
  • Bathroom 3 Level: Second
  • Room Dining Room Level: First
  • Room Family Room Level: First
  • Room Kitchen Level: First
  • Room Living Room Level: First
  • Room Office Level: Second
  • MAIN LO: C03800
  • LIST PRICE PER Sq Ft: 837.35
  • PRICE PER Sq Ft: 813.25
  • MAIN SO: AN2383
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace: Yes
  • Fireplaces: 8
  • Flooring: Wood, Tile
  • Interior Amenities: Play Room, Library, Entry Hall, Foyer, Home Office, Sitting Room
  • Spa Features: Private
  • Private Spa: Yes

Exterior Features

  • Roof: Slate
  • Exterior Features: Tennis Court(s), Storage, Professional Landscaping, Sprinkler System, Decorative Lighting, Garden, Horses Permitted, Stone Wall
  • Foundation Details: Other
  • View: Scenic View(s)
  • Construction Type: Stone
  • Exclusions: See Listing Broker
  • Lot Features: Easements, Cleared, Sloped
  • Other Structures: Guest House
  • Patio And Porch Features: Screened, Deck - Wood, Patio, Covered
  • Pool Features: Pool - Inground Heated
  • Pool Private: Yes
  • Waterfront Features: Waterfront, Beach Front, River, River
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Attached, Paved Drive, Off Street
  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 10

Utilities

  • Cooling: None
  • Heating: Forced Air, Steam, Oil
  • Cooling Y N: No
  • Electric: 200+ Amp Service
  • Heating Yn: Yes
  • Laundry Features: First Floor
  • Sewer: Private Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, Marina, Public School, T-Station

Lot Info

  • LOT SIZE: 1197900
  • PAGE: 515
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 1197900
  • Zoning: R-80

Tax Info

  • Tax Annual Amount: 54740
  • Tax Book Number: 11401
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Dec 3, 2021
Sold by
Covington Bonnie G and Covington Christopher H
Bought by
126 Coles Island T
Seller's Agent
Lanse Robb
LandVest, Inc., Manchester -by-the-Sea
Buyer's Agent
Lucy Loring & Laura DeLuca
Compass
List Price
$6,950,000
Sold Price
$6,750,000
Premium/Discount to List
-$200,000
-2.88%
Current Estimated Value
$6,041,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$708,567
Avg. Annual Appreciation
-1.51%
Original Mortgage
$4,000,000
Outstanding Balance
$3,288,874
Interest Rate
2.79%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$3,090,234

Purchase Details

Closed on
Aug 18, 2015
Sold by
Farm Creek Holdings Rt and Patrican Herman A
Bought by
Covington Christopher H and Covington Bonnie G
Source: Public Records

Range of Values:

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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
126 Coles Island T $6,750,000 None Available
Covington Christopher H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 126 Coles Island T $4,000,000
Previous Owner Covington Bonnie G $2,518,000
Previous Owner Covington Bonnie G $2,518,000
Previous Owner Covington Bonnie G $2,500,000
Previous Owner Covington Bonnie G $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2021 12/09/21 Sold $6,750,000 -2.9% $813 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $6,950,000 -- $837 / 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 $59,701 $6,135,800 $2,970,100 $3,165,700
2024 $59,701 $6,135,800 $2,970,100 $3,165,700
2023 $59,759 $5,643,000 $2,535,500 $3,107,500
2022 $55,232 $4,708,600 $2,202,700 $2,505,900
2021 $54,740 $4,400,300 $2,005,300 $2,395,000
2020 $54,052 $4,383,800 $2,005,300 $2,378,500
2019 $54,330 $4,281,300 $1,912,500 $2,368,800
2018 $51,264 $3,964,700 $1,866,100 $2,098,600
2017 $51,055 $3,870,700 $1,778,900 $2,091,800
2016 $48,671 $3,576,100 $1,702,900 $1,873,200
2015 $48,235 $3,533,700 $1,664,500 $1,869,200
Source: Public Records

Agents Affiliated with this Home

  • Lanse Robb

    Seller's Agent in 2021

    Lanse Robb

    LandVest, Inc., Manchester -by-the-Sea

    (978) 590-0056

    2 in this area

    66 Total Sales

    Lanse Robb
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72836333

MLS Property Information Network (MLS PIN)

APN: GLOU-000252-000019

Massachusetts Essex County Gloucester 01930 West Gloucester

126 Coles Island Rd, Gloucester, MA

This home is located at 126 Coles Island Rd, Gloucester, MA 01930 since 21 May 2021 and is currently estimated at $6,041,433, approximately $727 per square foot. This property was built in 1926. 126 Coles Island Rd is a home located in Essex County with nearby schools including West Parish, Ralph B O'maley Middle School, and Gloucester High School.

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.

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