NOT LISTED FOR SALE

22 Witham St Gloucester, MA 01930

East Gloucester Neighborhood
5 Beds
2 Baths
2,371 Sq Ft
0.28 Acres

Last Sold September 08, 2023

Last sale price $769,000 $324 Per Sq Ft

12 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Walking Distance to Water
  • Deck
  • 1 Fireplace

About This Home

As of September 2023

Welcome to an extraordinary investment opportunity that combines location, versatility, and potential. Situated a mere 0.7 miles from the pristine Good Harbor Beach, this property presents a remarkable chance for savvy investors. Currently utilized as a rental property, the true potential lies in its conforming usage as two separate condominiums. All condominium documents have been recorded. Unit 1 consist of 8 rooms/3+ bedrooms, unit 2 consist of 3 rooms/1 bedroom. Both with private decks relishing distant ocean views of Good Harbor Beach. This property holds countless opportunities for its future owner. whether you envision yourself as an owner occupant, benefiting from the additional income generated ty the 2nd unit, or an astute investor seeking to capitalize on the lucrative Airbnb market. The possibilities are boundless!

Last Agent to Sell the Property

Debra Lovelace

Churchill Properties Listed on: 07/05/2023

Last Buyer's Agent

Kristy Schiavo

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1866

Lot Details

  • 0.28 Acre Lot
  • Sloped Lot

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,371 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Insulated Windows
  • Wood Flooring
  • Ocean Views
  • Partial Basement
  • Dishwasher
  • Washer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Community Details

  • 2 Units
  • Net Operating Income $48,600

Listing and Financial Details

  • Total Actual Rent $4,050
  • Rent includes unit 1(heat water hot water), unit 2(heat water hot water)
  • Assessor Parcel Number 4235294

Property Details

Home Type

Multi-Family

Year Built

Built in 1866

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1866
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Unit 1(undefined)
  • Interior Amenities: Unit 1(Stone/Granite/Solid Counters,Bathroom with Shower Stall,Open Floor Plan), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Family Room), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator,Washer,Dryer), Unit 2(Range,Dishwasher,Refrigerator,Washer,Dryer)
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Partial
  • Living Area: 2371
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: AN4851
  • MAIN SO: AN2314

Exterior Features

  • Exterior Features: Deck - Wood,Deck - Composite
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood, Deck - Composite
  • Roof: Shingle, Rubber
  • Waterfront Features: Beach Front, Ocean, Sound, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Oil

Condo/Co-op/Association

  • Rent Includes: Unit 1(Heat,Water,Hot Water), Unit 2(Heat,Water,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 4235294
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Sloped
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12400
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Net Operating Income: 48600
  • Number Of Units Total: 2
  • Total Actual Rent: 4050
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N
  • Waterview: Ocean, Public, Walk to
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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
09/08/2023 09/08/23 Sold $769,000 -3.8% $324 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
07/05/2023 07/05/23 For Sale $799,000 -- $337 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Agents Affiliated with this Home

  • Debra Lovelace

    Seller's Agent in 2023

    Debra Lovelace

    Churchill Properties

    (978) 879-7356

    9 in this area

    46 Total Sales

    Debra Lovelace
    Section Image

  • K

    Buyer's Agent in 2023

    Kristy Schiavo

    Lamacchia Realty, Inc.

    (617) 202-8202

    1 in this area

    29 Total Sales

    Kristy Schiavo
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73132096

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Gloucester 01930 East Gloucester

22 Witham St, Gloucester, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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