NOT LISTED FOR SALE

Estimated Value: $1,186,490 - $1,410,000

2.5 Acres
$525,149 Price per Acre
108,900 Sq Ft Lot

Last Sold August 28, 2020

Last sale price $280,000

Est. 369% increase in value since last sale

Current estimated payment $7,985/month

90 Days on Market

About This Lot

As of August 2020

Very rare and private 2+ acre parcel nestled in the woods in the very heart of coveted East Gloucester, this site offers the perfect foundation for building your dream home in an idyllic yet highly accessible location. Minutes to Gloucester’s historic inner harbor and colorful Rocky Neck, with the country’s oldest art colony and its many galleries, shops, and restaurants, and moments from Bass Rocks Golf Club and the fabled Back Shore and glittering Atlantic. Remnants of old stone-walls still evoke a time when the property was once a farm, and with trees and woodlands on site it is now a quiet place surrounded by the bustling streets of a lively community sought after by young families, working professionals and downsizing couples alike. A rare opportunity to build new in East Gloucester and create a home and retreat for the ages. Land to be sold as is and is not currently cleared, town water connection in street; subject to connect to town sewer on Calder.

Last Agent to Sell the Property

Amanda Armstrong

Compass Listed on: 12/03/2019

Compass

Last Buyer's Agent

Mark Ventimiglia

Vadala Real Estate

Property Details

Property Type

Land

Est. Annual Taxes

$8,811

Lot Details

0

Listing Details

  • Property Type: Land
  • Comp Based On: Gross/Full Sale Price
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Main Lo: AN4733
  • Main So: C95600

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 To 2 Mile

Utilities

  • Sewer: Public, At Street
  • Water: Public, At Street
  • Electric Features: At Street

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Conservation Area, House Of Worship, Marina, Public School, T-Station

Lot Info

  • Assessments: 390300.00
  • Zoning: R-20
  • Acre: 2.50
  • Lot Size: 108900.00
  • Land Description: Level, Wetlands, Wooded, Scenic View(s)
  • Lots And Land Type: Residential
  • Page: 425
  • Zone Usage: Single Family

Tax Info

  • Assessor Parcel Number: 1897008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 1996
Sold by
Charles Mahoney Rev T and Fitzgerald Duane D
Bought by
Mccormick John M and Mccormick Mary Ann
Current Estimated Value
$1,312,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
8.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mccormick John M $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brancaleone Jack A $491,926
Closed Brancaleone Jack A $491,926
Closed 18A Calder St Rt $150,000
Closed Mccormick John M $645,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $280,000 -13.8% --
03/02/2020 03/02/20 Pending -- -- --
12/24/2019 12/24/19 For Sale $325,000 0.0% --
12/03/2019 12/03/19 Pending -- -- --
12/03/2019 12/03/19 For Sale $325,000 -- --
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 $8,811 $905,500 $276,700 $628,800
2024 $8,811 $905,500 $276,700 $628,800
2023 $8,498 $802,500 $247,000 $555,500
2022 $7,962 $678,800 $209,900 $468,900
2021 $4,855 $390,300 $345,600 $44,700
2020 $4,812 $390,300 $345,600 $44,700
2019 $4,953 $390,300 $345,600 $44,700
2018 $5,047 $390,300 $345,600 $44,700
2017 $4,933 $374,000 $329,300 $44,700
2016 $5,108 $375,300 $330,600 $44,700
2015 -- $375,300 $330,600 $44,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72597666

MLS Property Information Network (MLS PIN)

APN: GLOU-000061-000001