NOT LISTED FOR SALE

Estimated Value: $740,000 - $775,170

7 Beds
3 Baths
2,475 Sq Ft
$305/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $675,000 $273 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,703/month

6 Days on Market

Highlights

  • Marina
  • 4-minute walk to Gloucester
  • Park
  • Property is near public transit
  • Jogging Path
  • 3-minute walk to Burnham's Field

About This Home

As of November 2022

Well-maintained 3 family in Gloucester! Unit one offers three bedrooms one bath, unit two offers two bedrooms one bath and unit three features two bedrooms one bath all with washer & dryer hookups in unit. Good size common area in basement with plenty of room for storage. Driveway with off-street parking for 6 tandem vehicles.Close to downtown Gloucester, shops, restaurants and waterfront. Easy access to Rt 128 and MBTA. Rents are below market value and plenty of room for additional income. Wonderful opportunity to purchase a cash flowing asset on Cape Ann. SHOWINGS START AT OPEN HOUSE SAT 9/17 11-1 & 9/18 11-1

Last Agent to Sell the Property

Salvatore Dimercurio

Keller Williams Realty Evolution Listed on: 09/13/2022

Keller Williams Realty Evolution

Last Buyer's Agent

Salvatore Dimercurio

Keller Williams Realty Evolution Listed on: 09/13/2022

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,350

Year Built

  • Built in 1900

Lot Details

  • 4,180 Sq Ft Lot

Home Design

  • Brick Foundation
  • Shingle Roof

Interior Spaces

  • 2,475 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Built-In Range
  • Washer

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available
  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $3,900
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0026 B:0074 L:0000,1894865

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park
  • Jogging Path

Building Details

  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,350

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Wall Oven,Countertop Range,Refrigerator), Unit 3(Range,Refrigerator,Washer,Dryer), Gas Water Heater
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2475
  • Stories Total: 6
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 232.32
  • PRICE PER Sq Ft: 272.73
  • MAIN SO: C95098

Exterior Features

  • Foundation Details: Brick/Mortar
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas)
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, Marina, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)

Lot Info

  • Parcel Number: M:0026 B:0074 L:0000,1894865
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4180
  • Lot Size Units: Acres
  • PAGE: 111
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5350
  • Tax Book Number: 7999

Multi Family

  • Gross Income: 32400
  • Net Operating Income: 32400
  • Number Of Units Total: 3
  • Total Actual Rent: 3900
  • LEVELS 1: 1
  • 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: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 1985
Bought by
Vitale Leo
Current Estimated Value
$764,977
Source: Public Records

Range of Values:

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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
Vitale Leo $21,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Michael $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Sold $675,000 +17.4% $273 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $575,000 -- $232 / 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 $5,736 $589,500 $125,800 $463,700
2024 $5,736 $589,500 $125,800 $463,700
2023 $5,929 $559,900 $112,300 $447,600
2022 $5,350 $456,100 $97,700 $358,400
2021 $5,176 $416,100 $88,800 $327,300
2020 $4,900 $397,400 $88,800 $308,600
2019 $4,542 $357,900 $88,800 $269,100
2018 $4,360 $337,200 $88,800 $248,400
2017 $4,140 $313,900 $80,000 $233,900
2016 $3,819 $280,600 $79,900 $200,700
2015 $3,744 $274,300 $79,900 $194,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73035992

MLS Property Information Network (MLS PIN)

APN: GLOU-000026-000074