NOT LISTED FOR SALE

23 Echo Ave Gloucester, MA 01930

Estimated Value: $675,000 - $717,000

5 Beds
3 Baths
2,300 Sq Ft
$303/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $425,500 $185 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,108/month

4 Days on Market

About This Home

As of May 2017

Multiple offer notification! LOOK NO FURTHER! This over-sized two family property sits on a quiet street and is located in one of Gloucester's finest neighborhoods. Perfect opportunity for an owner occupant or investor to start making money right away! INVESTMENT PROPERTIES LIKE THIS IN GOOD CONDITION & GREAT LOCATION are rare to find in this market. Property interior and exterior was recently painted as well! Get your offers in quickly because this isn't going to last. Some of the property features include: beautiful refinished hardwood floors, brand new stainless steel appliances, and several spacious bedrooms in both units. It gets even better...the property will be delivered VACANT! Don't miss out on this one!

Last Agent to Sell the Property

Kevin Baker

Impact Realty, LLC Listed on: 03/19/2017

Last Buyer's Agent

Lori Bouchie

RE/MAX Beacon

RE/MAX Beacon

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1965

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 10
  • Basement: Partially Finished, Walk Out
  • Total Levels: 3

Exterior Features

  • Exterior: Wood
  • Exterior Features: Deck - Wood
  • Foundation: Poured Concrete

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:0109 B:0036 L:0000
  • Zoning: R3

Multi Family

  • Total Bedrooms: 5
  • Total Floors: 3
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2017
Closed on
May 12, 2017
Sold by
Premium Properties Inc
Bought by
Gray Daniel and Komiensky Devon
Seller's Agent
Kevin Baker
Impact Realty, LLC
Buyer's Agent
Lori Bouchie
RE/MAX Beacon
List Price
$424,900
Sold Price
$425,500
Premium/Discount to List
$600
0.14%
Current Estimated Value
$697,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,851
Avg. Annual Appreciation
5.86%
Original Mortgage
$417,792
Outstanding Balance
$347,826
Interest Rate
4.14%
Mortgage Type
FHA
Estimated Equity
$349,525

Purchase Details

Closed on
Jan 20, 2017
Sold by
Carpenter Charles R and Carpenter Maria J
Bought by
Premium Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,500
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 1993
Sold by
Fifalt Carl S
Bought by
Carpenter Charles R and Carpenter Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,547
Interest Rate
7.21%
Mortgage Type
Purchase Money Mortgage
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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Purchase History

Date Buyer Sale Price Title Company
Gray Daniel $425,500 --
Premium Properties Inc $260,000 --
Carpenter Charles R $161,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray Daniel $417,792
Previous Owner Premium Properties Inc $239,500
Previous Owner Carpenter Charles R $159,547
Previous Owner Carpenter Charles R $159,547
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2017 05/12/17 Sold $425,500 +0.1% $185 / Sq Ft
03/23/2017 03/23/17 Pending -- -- --
03/19/2017 03/19/17 For Sale $424,900 -- $185 / 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 $5,540 $570,000 $157,700 $412,300
2024 $5,436 $558,700 $150,200 $408,500
2023 $5,604 $529,200 $134,100 $395,100
2022 $5,257 $448,200 $116,600 $331,600
2021 $5,085 $408,800 $106,000 $302,800
2020 $5,052 $409,700 $106,000 $303,700
2019 $4,707 $370,900 $106,000 $264,900
2018 $4,399 $340,200 $106,000 $234,200
2017 $4,205 $318,800 $101,000 $217,800
2016 $4,120 $302,700 $105,400 $197,300
2015 $3,907 $286,200 $105,400 $180,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72132790

MLS Property Information Network (MLS PIN)

APN: GLOU-000109-000036