NOT LISTED FOR SALE

Estimated Value: $804,137 - $974,000

7 Beds
4 Baths
3,040 Sq Ft
$285/Sq Ft Est. Value

Last Sold October 03, 2022

Last sale price $715,000 $235 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,337/month

90 Days on Market

Highlights

  • Marina
  • Above Ground Pool
  • Deck
  • Golf Course Community
  • Waterfront
  • Property is near public transit

About This Home

As of October 2022

Amazing location!! Investment Opportunity awaits at this Large 3 Family Home only minutes to Good Harbor & Wingaersheek Beach, Cape Ann Marina, Boulevard, Stage Fort Park, Restaurants and all the wonderful amenities in the heart of Gloucester! The front 2 Story Unit features a Kitchen, 2 Updated Baths, Living Room and 3 Bedrooms. The 1st Floor Rear Unit offers a Living Room, Updated Kitchen, 2 Bedrooms, Updated Bath and Private Open Porch. The Second Floor Rear Unit includes a Living Room, Kitchen, Bath and 2 Bedrooms. The Roof, Heating Systems and Electrical Panels have all been updated. Vinyl Siding and Replacement Windows. Great spacious backyard!! Plenty of parking off the street and very close to the Highway and Train Station. Needs Updating but well worth the effort!! NEW CARPETS INSTALLED in 2 Units and new retaining wall. Sold "AS IS"

Last Agent to Sell the Property

Gagnon Lindquist Team

RE/MAX Innovative Properties Listed on: 05/25/2022

RE/MAX Innovative Properties

Last Buyer's Agent

Julie Costa

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,789

Year Built

  • Built in 1930

Lot Details

  • 8,800 Sq Ft Lot
  • Waterfront
  • Level Lot

Home Design

  • Manufactured Home on a slab
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,040 Sq Ft Home
  • Property has 2 Levels
  • Insulated Windows
  • Window Screens
  • Washer Hookup

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Partial Basement
  • Dirt Floor

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Above Ground Pool
  • Deck
  • Porch

Location

  • Property is near public transit

Utilities

  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number M:0218 B:0027 L:0000,1904146

Community Details

Recreation

  • Marina
  • Golf Course Community
  • Park
  • Jogging Path

Additional Features

  • 3 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,789

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1930
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Wood,Tile,Vinyl,Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet), Unit 3(Wall to Wall Carpet)
  • Interior Amenities: Other (See Remarks), Unit 1(Ceiling Fans), Unit 1 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen,Other (See Remarks))
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Tank Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup
  • Basement: Partial, Dirt Floor, Unfinished
  • Living Area: 3040
  • Stories Total: 4
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN3560
  • LIST PRICE PER Sq Ft: 248.36
  • PRICE PER Sq Ft: 235.2
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone, Slab
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck, Deck - Composite
  • Pool Features: Above Ground
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, 0 to 1/10 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, Washer Hookup
  • Electric: Circuit Breakers
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Highway Access, Marina, T-Station, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0218 B:0027 L:0000,1904146
  • Zoning: R-20
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8800
  • Lot Size Units: Acres
  • PAGE: 274
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5789
  • Tax Book Number: 27436
  • Tax Lot: 27
  • Tax Map Number: 218

Multi Family

  • Number Of Units Total: 3
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2015
Sold by
Pallazola Joseph A and Pallazola Josephine A
Bought by
Pallazola Josephine A
Current Estimated Value
$865,284

Purchase Details

Closed on
Nov 10, 2010
Sold by
Pallazola Joseph A and Pallazola Josephine A
Bought by
Pallazola Joseph A and Pallazola Josephine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,900
Interest Rate
4.35%

Purchase Details

Closed on
Jan 3, 2008
Sold by
Pallazola Joseph A and Pallazola Josephine A
Bought by
Pallazola Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.27%

Purchase Details

Closed on
Dec 21, 2007
Sold by
Pallazola Joseph A and Pallazola Josephine A
Bought by
Pallazola Josephine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.27%

Purchase Details

Closed on
May 22, 2006
Sold by
Pallazola Josephine A
Bought by
Pallazola Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.42%
Source: Public Records

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
Pallazola Josephine A -- --
Pallazola Joseph A -- --
Pallazola Joseph A -- --
Pallazola Josephine A -- --
Pallazola Joseph A -- --
Pallazola Joseph A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sappia Luciano $720,000
Closed Sappia Luciano $70,000
Closed Sappia Luciano $572,000
Previous Owner Pallazola Joseph A $187,900
Previous Owner Pallazola Joseph A $175,000
Previous Owner Pallazola Joseph A $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2022 10/03/22 Sold $715,000 -5.3% $235 / Sq Ft
08/29/2022 08/29/22 For Sale $755,000 +5.6% $248 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/23/2022 08/23/22 Off Market $715,000 -- --
08/16/2022 08/16/22 Pending -- -- --
08/05/2022 08/05/22 Price Changed $755,000 -1.3% $248 / Sq Ft
07/26/2022 07/26/22 Price Changed $765,000 -1.3% $252 / Sq Ft
06/30/2022 06/30/22 For Sale $775,000 0.0% $255 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/10/2022 06/10/22 Price Changed $775,000 -6.1% $255 / Sq Ft
05/25/2022 05/25/22 For Sale $825,000 -- $271 / 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 $6,693 $687,900 $167,800 $520,100
2024 $6,693 $687,900 $167,800 $520,100
2023 $6,380 $602,500 $149,800 $452,700
2022 $5,789 $493,500 $130,300 $363,200
2021 $5,603 $450,400 $118,400 $332,000
2020 $5,323 $431,700 $118,400 $313,300
2019 $4,976 $392,100 $118,400 $273,700
2018 $4,801 $371,300 $118,400 $252,900
2017 $4,631 $351,100 $112,800 $238,300
2016 $4,392 $322,700 $117,700 $205,000
2015 $4,319 $316,400 $117,700 $198,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72987166

MLS Property Information Network (MLS PIN)

APN: GLOU-000218-000027