16 Columbia St Gloucester, MA 01930
Central Gloucester NeighborhoodEstimated Value: $741,351 - $850,000
7
Beds
3
Baths
2,892
Sq Ft
$268/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Porch
- Granite Flooring
- Corner Lot
- Shops
About This Home
As of August 2022Amazing cash flow for this fully occupied three family which offers three clean well maintained units. Unit 1 is a first floor one bedroom unit. Unit 2 is a second floor two bedroom unit, and the third and fourth floors make up a large four bedroom unit. The exterior is also well maintained and offers a couple of small porch areas as well. There are separate utilities, including natural gas boilers, and units 2 and 3 have been deleaded. This is a great investment property with long standing tenants at solid market rents and a convenient in town location set on a quiet side street close to the MBTA Commuter Rail and all the amenities of Downtown Gloucester. Showings at Open Houses Friday June 10th from 3:30-5:00pm and Saturday June 11th from 10-12pm. Offers, if any, are due Tuesday June 14th by Noon.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,196
Year Built
- Built in 1900
Lot Details
- 1,888 Sq Ft Lot
- Corner Lot
Home Design
- Manufactured Home on a slab
- Shingle Roof
Interior Spaces
- 2,892 Sq Ft Home
- Granite Flooring
- Partial Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Additional Features
- Porch
- Property is near public transit
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $5,500
- Tax Lot 47
- Assessor Parcel Number 1894148
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Building Details
- Net Operating Income $66,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 7, 2019
Sold by
Favaloro Jason M
Bought by
Joan M Haley Ret and Jmf Llc Tr
Current Estimated Value
Purchase Details
Listed on
Jun 21, 2017
Closed on
Aug 11, 2017
Sold by
Thomas Patrick
Bought by
Favaloro Jason M
Seller's Agent
Ruth Pino
RE/MAX Beacon
Buyer's Agent
Mark Ventimiglia
Vadala Real Estate
List Price
$329,000
Sold Price
$331,500
Premium/Discount to List
$2,500
0.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,035
Interest Rate
3.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 16, 1999
Sold by
1984 Columbia St
Bought by
Hail Columbia Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
7.39%
Mortgage Type
Purchase Money Mortgage
Similar Home in Gloucester, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Joan M Haley Ret | -- | -- | |
| Joan M Haley Ret | -- | -- | |
| Favaloro Jason M | $331,500 | -- | |
| Hail Columbia Corp | $107,500 | -- | |
| Hail Columbia Corp | $107,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 16 Columbia St Rt | $470,000 | |
| Closed | 16 Columbia St Rt | $470,000 | |
| Closed | Jmf Llc | $380,000 | |
| Previous Owner | Favaloro Jason | $10,000 | |
| Previous Owner | Favaloro Jason M | $295,035 | |
| Previous Owner | 1984 Columbia St Rt | $107,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2022 08/09/22 | Sold | $668,000 | +4.5% | $231 / Sq Ft |
| 06/15/2022 06/15/22 | Pending | -- | -- | -- |
| 06/09/2022 06/09/22 | For Sale | $639,000 | +92.8% | $221 / Sq Ft |
| 08/11/2017 08/11/17 | Sold | $331,500 | +0.8% | $112 / Sq Ft |
| 06/30/2017 06/30/17 | Pending | -- | -- | -- |
| 06/21/2017 06/21/17 | For Sale | $329,000 | -- | $111 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,833 | $599,500 | $112,500 | $487,000 |
| 2024 | $5,833 | $599,500 | $112,500 | $487,000 |
| 2023 | $5,767 | $544,600 | $100,400 | $444,200 |
| 2022 | $5,196 | $443,000 | $87,300 | $355,700 |
| 2021 | $4,738 | $380,900 | $56,100 | $324,800 |
| 2020 | $4,468 | $362,400 | $56,100 | $306,300 |
| 2019 | $4,101 | $323,200 | $56,100 | $267,100 |
| 2018 | $3,856 | $298,200 | $56,100 | $242,100 |
| 2017 | $3,179 | $241,000 | $53,400 | $187,600 |
| 2016 | $2,922 | $214,700 | $53,600 | $161,100 |
| 2015 | $2,864 | $209,800 | $53,600 | $156,200 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Ventimiglia
Seller's Agent in 2022
Mark Ventimiglia
Vadala Real Estate
(978) 281-1111
29 in this area
79 Total Sales
-
Alison Aiello
Buyer's Agent in 2022
Alison Aiello
North Shore's Gold Coast Realty
(978) 549-2143
8 in this area
27 Total Sales
-
Ruth Pino
Seller's Agent in 2017
Ruth Pino
RE/MAX
34 in this area
121 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72995132
APN: GLOU-000015-000047
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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