NOT LISTED FOR SALE
6 Beds
4 Baths
3,588 Sq Ft
3,272 Sq Ft Lot

Last Sold June 29, 2023

Last sale price $960,000 $268 Per Sq Ft

9 Days on Market

Highlights

  • Marina
  • 5-minute walk to Gloucester
  • Medical Services
  • Golf Course Community
  • Community Stables
  • 5-minute walk to Burnham's Field

About This Home

As of June 2023

Situated majestically overshadowing a sidewalk-lined street in downtown stands this beautiful symmetrically designed four-family property with spacious sunlit rooms and accommodating floor plans. A pride of ownership, the building houses 18 total rooms and is 1/1/2/2 bedroom arrangement with one-bedroom units on the first floor and two-bedroom units in townhouse style on the second floor. Separate utilities for each with newer boilers and electric panels. Each unit is further graced with hardwood floors, sunporches, washer-dryer hookups and basement storage. The two upper units boasts walk-in closets, small kitchen bar and decks. Five-car parking and atop rests four owned solar panels suppling electrical power and additional revenue stream. De-Lead Certificate for a two-bedroom unit and common areas. Near shopping, our finest beaches and our renowned Stage Fort Park for an enjoyable respite. Easy access to highway and MBTA rail.

Last Agent to Sell the Property

Richard Petralia

Churchill Properties Listed on: 04/24/2023

Last Buyer's Agent

Ana Silveira

J. Barrett & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,540

Year Built

  • Built in 1900

Lot Details

  • 3,272 Sq Ft Lot
  • Level Lot
  • Cleared Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,588 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Storm Doors

Flooring

  • Wood
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Block Basement Construction

Parking

  • 5 Car Parking Spaces
  • Stone Driveway
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Walking Distance to Water
  • Enclosed Patio or Porch

Location

  • Property is near public transit and schools

Schools

  • Veterans Elementary School
  • O'maley Middle School
  • Gloucester High School

Utilities

  • 4 Heating Zones
  • Heating Available
  • Separate Meters
  • 220 Volts
  • 200+ Amp Service
  • 110 Volts
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $5,510
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Tax Lot 36

Community Details

Overview

  • 4 Units
  • Near Conservation Area
  • Property has 2 Levels

Amenities

  • Medical Services
  • Shops

Recreation

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

Building Details

  • Insurance Expense $4,804
  • Water Sewer Expense $2,737
  • Operating Expense $10,955
  • Net Operating Income $54,529

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,540

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Amenities: Lead Certification Available, Other, Other (See Remarks), Unit 1(Storage,High Speed Internet Hookup,Walk-In Closet,Bathroom With Tub & Shower,Internet Available - Broadband,Other (See Remarks)), Unit 2(Ceiling Fans,Lead Certification Available,Storage,High Speed Internet Hookup,Walk-In Closet,Bathroom With Tub & Shower,Internet Available - Broadband,Other (See Remarks)), Unit 3(Storage,High Speed Internet Hookup,Bathroom with Shower Stall,Internet Available - Broadband,Other (See Remarks)), Unit 4(High Speed Internet Hookup,Bathroom With Tub & Shower,Internet Available - Broadband,Other (See Remarks)), Unit 1 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen,Other (See Remarks)), Unit 4 Rooms(Living Room,Kitchen,Other (See Remarks))
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace YN: No
  • Appliances: Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room, Unit 3 Laundry Room, Unit 4 Laundry Room, Unit 1(Washer Hookup,Dryer Hookup)
  • Basement: Full, Interior Entry, Sump Pump, Concrete, Unfinished
  • Living Area: 3588
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN4851
  • MAIN SO: C95243

Exterior Features

  • Exterior Features: Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar, Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Enclosed
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Beach Access, Harbor, Walk to, Other (See Remarks), 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Assigned, Stone/Gravel
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Oven, for Electric Dryer, Washer Hookup, Varies per Unit
  • Heating: Unit 1(Hot Water Radiators,Gas,Unit Control), Unit 2(Hot Water Radiators,Gas,Unit Control), Unit 3(Hot Water Radiators,Gas,Unit Control), Unit 4(Hot Water Radiators,Gas,Unit Control)
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, 200+ Amp Service, Common, Individually Metered, Other (See Remarks)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, Other, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2737

Lot Info

  • Zoning: R5
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Cleared, Level, Other
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3272
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Other (See Remarks)

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8540
  • Tax Lot: 36

Multi Family

  • Insurance Expense: 4804
  • Net Operating Income: 54529
  • Number Of Units Total: 4
  • Operating Expense: 10955
  • Total Actual Rent: 5510
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 1

MLS Schools

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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2023 06/29/23 Sold $960,000 +3.8% $268 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $925,000 +105.6% $258 / Sq Ft
10/31/2014 10/31/14 Sold $450,000 +0.2% $146 / Sq Ft View Prior Sale
10/01/2014 10/01/14 For Sale $449,000 -- $146 / 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 $9,123 $938,600 $125,300 $813,300
2024 $8,268 $849,700 $119,300 $730,400
2023 $8,540 $806,400 $106,500 $699,900
2022 $7,691 $655,700 $92,700 $563,000
2021 $7,483 $601,500 $84,200 $517,300
2020 $6,891 $558,900 $84,200 $474,700
2019 $6,089 $479,800 $84,200 $395,600
2018 $5,811 $449,400 $84,200 $365,200
2017 $5,697 $431,900 $75,900 $356,000
2016 $5,022 $369,000 $75,800 $293,200
2015 $4,070 $298,200 $75,800 $222,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73102398

MLS Property Information Network (MLS PIN)