NOT LISTED FOR SALE

18 Norman Ave Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $2,205,824

8 Beds
6 Baths
12,208 Sq Ft
$181/Sq Ft Est. Value

Last Sold November 04, 2013

Last sale price $1,070,000 $88 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $13,036/month

132 Days on Market

About This Home

As of November 2013

Beautiful, stately circa 1880's Colonial located in the lovely seaside village of Magnolia. This grand home has many original period details and exhibits the elegance of it's time. Currently being used as an Inn with 8 guest bedrooms and 10 additional guests rooms and baths in the motel annex - this spectacular property boasts almost 1-3/4 acres of land with a beautiful garden that can be viewed from the veranda. Many mature plantings, ample parking, and close to beach, shops, & town.

Last Agent to Sell the Property

Nancy Goodick

Listed on: 05/15/2013

Last Buyer's Agent

Ruth Pino

RE/MAX Beacon

RE/MAX Beacon

Home Details

Home Type

Single Family

Year Built

1880

Lot Details

0

Listing Details

  • Lot Description: Cleared, Level
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Has Basement: Yes
  • Fireplaces: 7
  • Primary Bathroom: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Flooring: Wood
  • Interior Amenities: Cable Available
  • Basement: Full, Walk Out, Interior Access, Concrete Floor
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: Second Floor
  • Bathroom #1: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Fireplace, Flooring - Hardwood
  • Dining Room: First Floor
  • Family Room: First Floor

Exterior Features

  • Frontage: 100
  • Construction: Frame
  • Exterior: Clapboard, Shingles
  • Exterior Features: Porch, Garden Area
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Off-Street, Improved Driveway
  • Parking Spaces: 17

Utilities

  • Heat Zones: 1
  • Hot Water: Oil
  • Utility Connections: for Electric Range

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2013
Closed on
Nov 4, 2013
Sold by
Curry Properties Llc
Bought by
Innovation House Llc
Seller's Agent
Nancy Goodick
Buyer's Agent
Ruth Pino
RE/MAX Beacon
List Price
$1,299,000
Sold Price
$1,070,000
Premium/Discount to List
-$229,000
-17.63%
Current Estimated Value
$2,205,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,135,824
Avg. Annual Appreciation
6.12%

Purchase Details

Closed on
Jul 8, 2009
Sold by
Steele Charlene A
Bought by
Curry Prop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
4.93%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Innovation House Llc $1,070,000 --
Curry Prop Llc $881,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Curry Prop Llc $787,500
Previous Owner Curry Prop Llc $525,000
Previous Owner Curry Prop Llc $382,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2013 11/04/13 Sold $1,070,000 0.0% $88 / Sq Ft
09/24/2013 09/24/13 Pending -- -- --
08/27/2013 08/27/13 Off Market $1,070,000 -- --
05/15/2013 05/15/13 For Sale $1,299,000 -- $106 / 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 $18,025 $1,795,300 $513,800 $1,281,500
2024 $17,798 $1,770,900 $489,400 $1,281,500
2023 $18,890 $1,726,700 $436,800 $1,289,900
2022 $20,238 $1,669,800 $379,900 $1,289,900
2021 $23,280 $1,811,700 $345,800 $1,465,900
2020 $15,180 $1,191,500 $345,800 $845,700
2019 $15,390 $1,173,900 $345,800 $828,100
2018 $15,448 $1,156,300 $345,800 $810,500
2017 $15,174 $1,113,300 $329,200 $784,100
2016 $15,913 $1,095,200 $328,700 $766,500
2015 $15,039 $1,031,500 $328,700 $702,800
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Nancy Goodick

    (978) 985-6080

    19 Total Sales

    Nancy Goodick
    Section Image
  • Ruth Pino

    Buyer's Agent in 2013

    Ruth Pino

    RE/MAX

    (978) 764-6710

    6 in this area

    115 Total Sales

    Ruth Pino
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71527042

MLS Property Information Network (MLS PIN)

APN: GLOU-000170-000043

Massachusetts Essex County Gloucester 01930 Magnolia

18 Norman Ave, Gloucester, MA

Not Listed for Sale

Detached

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