NOT LISTED FOR SALE

Estimated Value: $708,802 - $744,000

4 Beds
2 Baths
2,513 Sq Ft
$288/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $540,000 $215 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,417/month

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch

About This Home

As of April 2021

Spacious Two family Colonial home located in the center of beautiful downtown Gloucester. Great investment property or perfect for owner occupied with rental unit. This property has not been on the market in over 80 years. Gorgeous 10 foot ceilings, hardwood floors, three beautiful original fireplaces and woodwork throughout. Spacious attic, newer deck, and a back yard with patio. Roof, deck and siding was redone in 2017.washer/dryer hookups in each unit. Short distance away from local shops, restaurants, banks, minutes from 128 and Train. This beautiful property just needs some updating and love. This property is being sold in as is condition. Showings start at Open House Saturday, December 12 and Sunday, December 13 from 11:00 -1:00 All offers, if any, are due Monday, December 14, by 5 PM. Please allow 24 hours to review..

Last Agent to Sell the Property

Alison Aiello

North Shore's Gold Coast Realty Listed on: 12/09/2020

Last Buyer's Agent

Peter and Pam Lane

North Shore's Gold Coast Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,694

Year Built

  • Built in 1900

Lot Details

  • Year Round Access

Flooring

  • Wood
  • Tile

Outdoor Features

  • Deck
  • Porch

Schools

  • GHS High School

Utilities

  • Natural Gas Water Heater
  • Oil Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0014 B:0061 L:0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,694

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 222.44
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Fireplaces: 3
  • Flooring: Wood, Tile, Varies Per Unit
  • Total Flrs: 3
  • Total Frplcs: 3
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 9
  • Basement: Y
  • Basement Features: Full, Walk Out
  • Main Lo: C95247
  • Main So: C95247
  • Estimated Sq Ft: 2513.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck, Deck - Wood
  • Foundation: Fieldstone, Granite

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 110 Volts, Circuit Breakers, 100 Amps, Knob & Tube Wiring
  • Heat Zones: 1
  • Hot Water: Oil, Natural Gas
  • Utility Connections: for Gas Range, for Gas Dryer

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, T-Station

Schools

  • Elementary School: Veterans
  • Middle School: O'Maley middle
  • High School: GHS

Lot Info

  • Assessments: 430500.00
  • Acre: 0.09
  • Lot Size: 3920.00
  • Page: 412
  • Parcel Number: M:0014 B:0061 L:0000
  • Zoning: R-5
  • Lot Description: Level

Multi Family

  • APOD Available: Yes
  • Heat Units: 1
  • Total Levels: 4
  • Total Rent: 1315
  • Total Rms: 9
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 5348.82
  • Assessor Parcel Number: 1894092
  • Tax Year: 2020

MLS Schools

  • Grade School: Veterans
  • High School: GHS
  • Middle School: O'Maley middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2020
Closed on
Apr 12, 2021
Sold by
Demetri Augustus and Demetri Mary L
Bought by
Demetri-Friedman Donna
Seller's Agent
Alison Aiello
North Shore's Gold Coast Realty
Buyer's Agent
Peter and Pam Lane
North Shore's Gold Coast Realty
List Price
$559,000
Sold Price
$540,000
Premium/Discount to List
-$19,000
-3.4%
Current Estimated Value
$723,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,451
Avg. Annual Appreciation
6.48%
Original Mortgage
$477,000
Outstanding Balance
$431,802
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$279,028

Purchase Details

Closed on
Oct 7, 2019
Sold by
Demetri Stephen
Bought by
Demetri Susanne
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
Demetri-Friedman Donna $540,000 None Available
Demetri Susanne -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Friedman Donna D $108,000
Open Demetri-Friedman Donna $477,000
Previous Owner Demetri Philip J $204,000
Previous Owner Demetri Augustus J $190,000
Previous Owner Demetri Augustus J $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $540,000 -3.4% $215 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $559,000 -- $222 / 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 $5,694 $585,200 $122,600 $462,600
2024 $5,694 $585,200 $122,600 $462,600
2023 $5,899 $557,000 $109,400 $447,600
2022 $5,799 $494,400 $95,200 $399,200
2021 $5,613 $451,200 $86,500 $364,700
2020 $5,308 $430,500 $86,500 $344,000
2019 $4,908 $386,800 $86,500 $300,300
2018 $4,557 $352,400 $86,500 $265,900
2017 $4,292 $325,400 $77,900 $247,500
2016 $4,078 $299,600 $77,900 $221,700
2015 $3,997 $292,800 $77,900 $214,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72765316

MLS Property Information Network (MLS PIN)

APN: GLOU-000014-000061