NOT LISTED FOR SALE

Estimated Value: $618,000 - $2,347,000

5 Beds
7 Baths
4,757 Sq Ft
$244/Sq Ft Est. Value

Last Sold July 01, 2021

Last sale price $2,995,000 $630 Per Sq Ft

Current estimated payment $6,920/month

27 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Medical Services
  • Guest House
  • Community Stables
  • Cabana

About This Home

As of July 2021

This gorgeous oceanfront compound in Magnolia is prominently positioned on a bluff overlooking the Atlantic Ocean. Built in 1884, "Pine Knoll" has been a retreat for generations. The main house has a gracious flow and enjoys spectacular views from every room. There are several covered porches to spend lazy summer afternoons, an oceanfront, inground pool with bluestone patio to bask in the warm glow of the sun and lush seaside gardens to satisfy the most jaded gardener. Fully restored seawall and majestic stone walls surround the property and yew hedges shelter the rolling lawn. The home features beautiful original wood floors throughout, artist studio on the third floor. Currently configured as a multi-family residence, the home could be restored back to a grand single family or build your dream oceanfront home to join the ranks of the grand North Shore estates. There is a sweet two-bedroom cottage for extended family and guests. The property also has development potential.

Last Agent to Sell the Property

Scott Smith

Coldwell Banker Realty - Manchester Listed on: 05/14/2021

Coldwell Banker Realty - Manchester

Last Buyer's Agent

Scott Smith

Coldwell Banker Realty - Manchester Listed on: 05/14/2021

Coldwell Banker Realty - Manchester

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,235

Year Built

  • Built in 1884

Lot Details

  • 2.77 Acre Lot
  • Waterfront
  • Property fronts a private road
  • Property fronts an easement
  • Near Conservation Area
  • Stone Wall
  • Corner Lot
  • Sprinkler System
  • Wooded Lot
  • Garden
  • Property is zoned R20

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 4,757 Sq Ft Home
  • Picture Window
  • Window Screens
  • French Doors
  • Living Room with Fireplace
  • 2 Fireplaces
  • Sitting Room
  • Home Office
  • Library
  • Scenic Vista Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary bedroom located on second floor
  • Custom Closet System

Laundry

  • Laundry on upper level
  • Electric Dryer Hookup

Unfinished Basement

  • Partial Basement
  • Sump Pump

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Parking

  • Detached Garage
  • Carport
  • Parking Storage or Cabinetry
  • Driveway
  • Open Parking

Pool

  • Cabana
  • In Ground Pool

Outdoor Features

  • Bulkhead
  • Balcony
  • Deck
  • Enclosed patio or porch
  • Gazebo
  • Outdoor Storage

Additional Homes

  • Guest House

Location

  • Property is near public transit
  • Property is near schools

Schools

  • West Parish Elementary School
  • O'maley Middle School
  • Gloucester High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 40

Community Details

Overview

  • No Home Owners Association

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Park
  • Community Stables
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,235

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Victorian, Shingle
  • Year Built: 1884
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Flooring: Wood, Vinyl, Carpet, Flooring - Wood
  • Interior Amenities: Office, Sitting Room, Library
  • Door Features: Storm Door(s), French Doors
  • Fireplace Features: Living Room
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 5
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Flooring - Wood, Balcony - Exterior
  • Room Bedroom3 Features: Fireplace, Flooring - Wall to Wall Carpet, Balcony - Exterior
  • Room Bedroom3 Level: Second
  • Room Bedroom4 Level: Second
  • Room Bedroom4 Features: Flooring - Wood
  • Room Bedroom5 Level: Second
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bathrooms: 7
  • Total Bathrooms: 5.5
  • Room Master Bedroom Features: Flooring - Wall to Wall Carpet, Window(s) - Picture
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: Yes
  • Bathroom 1 Level: First
  • Bathroom 2 Level: Second
  • Bathroom 3 Level: Second
  • Room Dining Room Features: Closet/Cabinets - Custom Built, Flooring - Wood
  • Room Dining Room Level: First
  • Room Family Room Level: First
  • Room Family Room Features: Flooring - Wood
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Laminate, Window(s) - Picture
  • Laundry Features: Second Floor
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Wood, Window(s) - Picture, Balcony / Deck, French Doors
  • Room Office Level: First
  • Room Office Features: Flooring - Wood
  • Basement: Partial, Bulkhead, Sump Pump, Unfinished
  • Living Area: 4757
  • Window Features: Storm Window(s), Screens
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 629.6
  • PRICE PER Sq Ft: 629.6
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Storage, Sprinkler System, Garden, Stone Wall
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Other Structures: Cabana, Gazebo, Guest House
  • Patio And Porch Features: Porch, Porch - Enclosed, Deck, Patio
  • Pool Features: In Ground
  • Pool Private YN: Yes
  • Road Frontage Type: Private Road
  • Roof: Shingle
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Waterfront, Beach Front, Ocean, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Private,Public,Association)
  • Waterfront YN: Yes

Garage/Parking

  • Attached Garage YN: No
  • Carport Y N: Yes
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Detached, Carport, Storage, Driveway
  • Total Parking Spaces: 12

Utilities

  • Sewer: Private Sewer
  • Utilities: for Electric Range, for Electric Dryer
  • Cooling: None
  • Heating: Hot Water, Oil
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Security System
  • Water Source: Public, Private

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station

Lot Info

  • Zoning: R20
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Wooded, Easements
  • Lot Size Acres: 2.77
  • Lot Size Area: 2.77
  • Lot Size Sq Ft: 120661.2
  • Lot Size Units: Acres
  • Property Attached YN: No
  • LOT SIZE: 120692
  • PAGE: 533

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 30235.42
  • Tax Book Number: 38937
  • Tax Lot: 40
  • Tax Map Number: 189

MLS Schools

  • High School: Gloucester
  • Elementary School: West Parish
  • Middle Or Junior School: O'maley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 30, 2021
Sold by
Gordon Beth and Gordon Robert H
Bought by
Herlihy Walter and Legendre Nancy
Seller's Agent
Scott Smith
Coldwell Banker Realty - Manchester
Buyer's Agent
Scott Smith
Coldwell Banker Realty - Manchester
List Price
$3,600,000
Sold Price
$2,995,000
Premium/Discount to List
-$605,000
-16.81%
Current Estimated Value
$1,158,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,836,121
Avg. Annual Appreciation
-19.18%

Purchase Details

Listed on
Jun 10, 2020
Closed on
Sep 8, 2020
Sold by
Mulkern Diane and Mulkern Thomas A
Bought by
Gordon Beth and Gordon Robert H
Seller's Agent
Gretchen Berg
J. Barrett & Company
Buyer's Agent
Karen Bernier
Churchill Properties
List Price
$3,000,000
Sold Price
$2,750,000
Premium/Discount to List
-$250,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.41%

Purchase Details

Closed on
Dec 18, 1989
Sold by
Hokanson M Corinne
Bought by
Milkern Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
9.73%
Mortgage Type
Purchase Money Mortgage
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
Herlihy Walter $2,995,000 None Available
Gordon Beth $2,750,000 None Available
Milkern Thomas $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Milkern Thomas $90,000
Previous Owner Milkern Thomas $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2021 07/01/21 Sold $2,995,000 0.0% $630 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/02/2021 06/02/21 Price Changed $2,995,000 -16.8% $630 / Sq Ft
05/14/2021 05/14/21 For Sale $3,600,000 +30.9% $757 / Sq Ft
09/15/2020 09/15/20 Sold $2,750,000 -8.3% $578 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $3,000,000 -- $631 / 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 $6,084 $625,300 $314,200 $311,100
2024 $6,084 $625,300 $314,200 $311,100
2023 $4,735 $447,100 $280,500 $166,600
2022 $5,286 $450,600 $244,000 $206,600
2021 $5,102 $410,100 $221,700 $188,400
2020 $4,822 $391,100 $209,100 $182,000
2019 $4,684 $369,100 $209,100 $160,000
2018 $4,557 $352,400 $209,100 $143,300
2017 $4,423 $335,300 $199,200 $136,100
2016 $4,195 $308,200 $189,000 $119,200
2015 $4,087 $299,400 $189,000 $110,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72831652

MLS Property Information Network (MLS PIN)

APN: GLOU-000189-000041