NOT LISTED FOR SALE

188 Hesperus Ave Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $622,000 - $3,975,000

2 Beds
1 Bath
1,296 Sq Ft
$2,102/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $1,750,000 $1,350 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $16,591/month

15 Days on Market

Highlights

  • Scenic Views
  • Cape Cod Architecture
  • Forced Air Heating System
  • Waterfront
  • 1 Fireplace

About This Home

As of July 2021

Framed by iconic Pine trees, from this small, charming mid-1950’s Cape-style cottage located on Cape Ann in Gloucester, MA, you experience stunning and unobstructed, direct ocean views stretching from Eastern Point to Kettle Island/Magnolia Point. This home was built for Joseph Corish (1910 – 1988) an internationally-known marine artist who often painted the spectacular views from his house site. Last sold 25 years ago, the property includes .26 well-maintained upland acres and the 1300 square foot 3-bedroom house, which will be sold in its “as is” condition. Importantly, the cottage has expansion possibilities. The property is a walking distance to Magnolia Center and is a 10-minute drive to Manchester-by the-Sea and Route 128.

Last Agent to Sell the Property

Richard Church

LandVest, Inc., Manchester -by-the-Sea Listed on: 05/25/2021

Last Buyer's Agent

Lanse Robb

LandVest, Inc., Manchester -by-the-Sea

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,744

Year Built

  • Built in 1956

Lot Details

  • 0.26 Acre Lot
  • Waterfront
  • Cleared Lot
  • Property is zoned R-20

Parking

  • 3 Car Parking Spaces

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 1,296 Sq Ft Home
  • 1 Fireplace
  • Scenic Vista Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number M:0189 B:0039 L:0000,1901864

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,744

Year Built

Built in 1956

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape
  • Year Built: 1956
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Fireplace YN: Yes
  • Fireplaces: 1
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Living Area: 1296
  • MAIN LO: C03800
  • MAIN SO: C03800

Exterior Features

  • Foundation Details: Other
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Waterfront, Beach Front
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 3

Utilities

  • Sewer: Private Sewer
  • Cooling: None
  • Heating: Forced Air, Oil
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public

Lot Info

  • Parcel Number: M:0189 B:0039 L:0000,1901864
  • Zoning: R-20
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11325.6
  • Lot Size Units: Acres
  • Property Attached YN: No
  • LOT SIZE: 11350

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 15744

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jul 8, 2021
Sold by
Cobey Herbert T and Pittman-Cobey Penny
Bought by
Life On The Rocks Llc
Seller's Agent
Richard Church
LandVest, Inc., Manchester -by-the-Sea
Buyer's Agent
Lanse Robb
LandVest, Inc., Manchester -by-the-Sea
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%
Current Estimated Value
$2,723,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$973,974
Avg. Annual Appreciation
10.07%
Original Mortgage
$1,225,000
Outstanding Balance
$1,073,418
Interest Rate
1.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,650,556

Purchase Details

Closed on
Jan 12, 1990
Sold by
Corish Cecelia
Bought by
Cobey Herbert Todd
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
Life On The Rocks Llc $1,750,000 None Available
Life On The Rocks Llc $1,750,000 None Available
Cobey Herbert Todd $453,000 --
Cobey Herbert Todd $453,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Life On The Rocks Llc $1,225,000
Closed Life On The Rocks Llc $1,225,000
Previous Owner Cobey Herbert Todd $413,500
Previous Owner Cobey Herbert Todd $100,000
Previous Owner Cobey Herbert Todd $462,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2021 07/08/21 Sold $1,750,000 -2.8% $1,350 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $1,800,000 -- $1,389 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $31,217 $3,211,600 $1,527,900 $1,683,700
2024 $19,078 $1,960,700 $1,415,000 $545,700
2023 $17,056 $1,610,600 $1,207,700 $402,900
2022 $16,065 $1,369,600 $1,050,500 $319,100
2021 $15,744 $1,265,600 $954,900 $310,700
2020 $15,404 $1,249,300 $954,900 $294,400
2019 $14,903 $1,174,400 $910,500 $263,900
2018 $14,544 $1,124,800 $888,300 $236,500
2017 $14,066 $1,066,400 $845,300 $221,100
2016 $16,392 $1,204,400 $1,039,500 $164,900
2015 $15,947 $1,168,300 $1,015,900 $152,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Richard Church

    LandVest, Inc., Manchester -by-the-Sea

    (617) 357-8956

    1 in this area

    1 Total Sale

    Richard Church
    Section Image
  • Lanse Robb

    Buyer's Agent in 2021

    Lanse Robb

    LandVest, Inc., Manchester -by-the-Sea

    (978) 590-0056

    2 in this area

    58 Total Sales

    Lanse Robb
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72837659

MLS Property Information Network (MLS PIN)

APN: GLOU-000189-000039

Massachusetts Essex County Gloucester 01930 Magnolia

188 Hesperus Ave, Gloucester, MA

Not Listed for Sale

Detached

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