NOT LISTED FOR SALE

Estimated Value: $1,265,916 - $1,472,000

3 Beds
3 Baths
2,414 Sq Ft
$555/Sq Ft Est. Value

Last Sold January 21, 2016

Last sale price $700,000 $290 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $8,123/month

85 Days on Market

About This Home

As of January 2016

A classic East Gloucester cape atop ‘Beacon Hill', the highest point on Cape Ann. Within moments to beaches, restaurants, galleries, Gloucester harbor and the Gloucester Stage. From this hilltop vantage point there are views over 90 +/- resplendent acres of conservation land with trails and a pond to enjoy year round. This eight room, three bedroom and two and one half bath home is set in a private, peaceful setting within close proximity of downtown Gloucester. The grounds are organically landscaped with gardens among granite out-croppings evoking the timeless charm and understated elegance of a traditional summer retreat while offering a residence that has been renovated. This 1950s cape is both grand and welcoming, with exquisite custom trim, attractive built-in features, one fireplace, and a fine balance of large, open rooms and intimate smaller spaces. This is an ideal setting for the outdoor enthusiast to enjoy Cape Ann. Additional 40,039 SF of land available for $150,000.

Last Agent to Sell the Property

John Farrell

Coldwell Banker Realty - Beverly Listed on: 08/10/2015

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Felicia Trupiano

J. Barrett & Company

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,335

Year Built

1950

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Easements, Shared Drive, Cleared, Gentle Slope, Level, Scenic View(s)
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 8
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Marina, Private School, Public School, T-Station
  • Electric: Circuit Breakers, 100 Amps
  • Energy: Insulated Windows, Storm Doors
  • Flooring: Wood, Tile, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Cable Available
  • Basement: Partial, Interior Access
  • Bedroom 2: Second Floor, 12X18
  • Bedroom 3: Second Floor, 20X11
  • Bathroom #1: First Floor, 4X4
  • Bathroom #2: Second Floor, 7X8
  • Bathroom #3: Second Floor, 7X7
  • Kitchen: First Floor, 16X11
  • Living Room: First Floor, 27X13
  • Master Bedroom: Second Floor, 17X11
  • Master Bedroom Description: Bathroom - Full, Closet - Walk-in, Flooring - Wall to Wall Carpet, Recessed Lighting
  • Dining Room: First Floor, 15X13

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Frontage: 239.00
  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Porch - Enclosed, Patio, Storage Shed, Screens, Garden Area
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Parking: Attached, Garage Door Opener
  • Garage Spaces: 2
  • Parking: Off-Street
  • Parking Spaces: 8

Utilities

  • Cooling: None
  • Heating: Hot Water Baseboard, Oil

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: East Gloucester
  • Middle School: O'maley Ms
  • High School: Gloucester Hs

Lot Info

  • Assessor Parcel Number: M:0075 B:0023 L:0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Jan 21, 2016
Sold by
Lynch Daniel G
Bought by
Macdonald Timothy and Macdonald Jaime
Seller's Agent
John Farrell
Coldwell Banker Realty - Beverly
Buyer's Agent
Felicia Trupiano
J. Barrett & Company
List Price
$795,000
Sold Price
$700,000
Premium/Discount to List
-$95,000
-11.95%
Current Estimated Value
$1,329,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$629,928
Avg. Annual Appreciation
7.10%
Original Mortgage
$630,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2007
Sold by
Lynch Daniel G and Lynch Sarah G
Bought by
Lynch Daniel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Macdonald Timothy $700,000 --
Lynch Daniel G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macdonald Jaime $195,200
Open Macdonald Jaime $767,602
Closed Macdonald Timothy $630,000
Previous Owner Morris Gardner H $640,000
Previous Owner Morris Gardner H $660,000
Previous Owner Morris Gardner H $103,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2016 01/21/16 Sold $700,000 +0.1% $290 / Sq Ft
11/03/2015 11/03/15 Pending -- -- --
10/06/2015 10/06/15 Price Changed $699,000 -6.8% $290 / Sq Ft
09/09/2015 09/09/15 Price Changed $750,000 -5.7% $311 / Sq Ft
08/10/2015 08/10/15 For Sale $795,000 -- $329 / 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 $9,335 $959,400 $304,500 $654,900
2024 $9,335 $959,400 $304,500 $654,900
2023 $9,068 $856,300 $271,700 $584,600
2022 $8,195 $698,600 $231,100 $467,500
2021 $8,286 $666,100 $210,300 $455,800
2020 $7,996 $648,500 $210,300 $438,200
2019 $7,997 $630,200 $210,300 $419,900
2018 $7,896 $610,700 $210,300 $400,400
2017 $7,593 $575,700 $200,200 $375,500
2016 $7,202 $529,200 $188,400 $340,800
2015 $6,869 $503,200 $188,400 $314,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71887603

MLS Property Information Network (MLS PIN)

APN: GLOU-000075-000023