NOT LISTED FOR SALE

Estimated Value: $669,540 - $991,000

7 Beds
5 Baths
3,600 Sq Ft
$217/Sq Ft Est. Value

Last Sold June 13, 2013

Last sale price $330,000 $92 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $4,830/month

76 Days on Market

About This Home

As of June 2013

New Price! Great Investor (9% ROI) or Owner Occupied Multi family located downtown Gloucester.Current Owner has done major work. Has been deleaded in units 2 &3~SEPARATE UTILITIES!! Owner Occupant can take top two floors 8 RM/4BR/1.5 bath and collect from remaining 2 units $1,645 toward mortgage or live in a smaller unit virtually mortgage free! Walk to shops, restaurants, harbor, plenty of parking, nice yard. Current rents are below market and can be increased.

Last Listed By

Philip Dennesen

Keller Williams Realty Evolution Listed on: 02/27/2013

Keller Williams Realty Evolution

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,996

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Shopping
  • Basement: Full, Partially Finished

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck
  • Foundation: Fieldstone, Granite

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 4

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2019
Sold by
Mcelwain Bruce and Mcelwain Gayle
Bought by
Mcelwain Ft
Total Days on Market
76
Current Estimated Value
$781,135

Purchase Details

Listed on
Feb 27, 2013
Closed on
Jun 13, 2013
Sold by
Manzi Jonathan M
Bought by
Mcelwain Bruce and Mcelwain Gayle
Seller's Agent
Philip Dennesen
Keller Williams Realty Evolution
Buyer's Agent
Jeremy McElwain
Keller Williams Realty Evolution
List Price
$379,900
Sold Price
$330,000
Premium/Discount to List
-$49,900
-13.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$247,500
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2009
Sold by
Bank Of America Na
Bought by
Manzi Jonathan M

Purchase Details

Closed on
Nov 26, 2008
Sold by
Taormina Michael and Taormina Lisa
Bought by
Lasalle Bk

Purchase Details

Closed on
Jan 25, 2005
Sold by
Taormina Josephine and Taormina Michael
Bought by
Taormina Michael

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
Mcelwain Ft -- --
Mcelwain Bruce $330,000 --
Manzi Jonathan M $215,000 --
Lasalle Bk $303,000 --
Taormina Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcelwain Bruce $245,000
Previous Owner Taormina Guiseppa $247,500
Previous Owner Taormina Guiseppa $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2013 06/13/13 Sold $330,000 -13.1% $92 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
02/27/2013 02/27/13 For Sale $379,900 -- $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 $5,996 $616,200 $143,500 $472,700
2024 $5,996 $616,200 $143,500 $472,700
2023 $6,228 $588,100 $128,100 $460,000
2022 $5,635 $480,400 $111,400 $369,000
2021 $5,456 $438,600 $101,300 $337,300
2020 $5,172 $419,500 $101,300 $318,200
2019 $4,813 $379,300 $101,300 $278,000
2018 $4,632 $358,200 $101,300 $256,900
2017 $4,396 $333,300 $91,200 $242,100
2016 $4,075 $299,400 $91,200 $208,200
2015 $4,001 $293,100 $91,200 $201,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71486925

MLS Property Information Network (MLS PIN)

APN: GLOU-000013-000032