Seller's Agent in 2020
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
1 in this area
26 Total Sales
242 Main St Gloucester, MA 01930
Central Gloucester NeighborhoodEstimated Value: $2,033,881
9
Beds
6
Baths
8,031
Sq Ft
$253/Sq Ft
Est. Value
About This Home
As of October 2020242 Main Street, is an 11-unit mixed-use property consisting of 5 street-level retail units with individual store-front entrances on Main Street and 6 residential units set back and above the commercial units. The Property contains 8,031 square feet of leasable area on a 0.26-acre parcel. The Property features an attractive street-level façade, updated units, a shared deck, and a large yard at the rear of the Property with a BBQ area and active community garden that is shared by the residential tenants. Overnight parking for residents is available in the neighboring lot. The Property is well-located on a high-traffic section of Main Street in Downtown Gloucester, just one block from Gloucester’s Inner Harbor. The vibrant retail corridor attracts both area residents and tourists visiting the many shops, restaurants and attractions in the area.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 0.26
Additional Features
- Deck
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 713
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 11, 2023
Sold by
Bouchie Scott C and Ventimiglia Mark F
Bought by
242 Main Street Llc
Current Estimated Value
Purchase Details
Listed on
Jul 20, 2020
Closed on
Oct 20, 2020
Sold by
Rcg 242 Main Llc
Bought by
Bouchie Scott C and Ventimiglia Mark F
Seller's Agent
Steve Girolamo
Horvath & Tremblay
Buyer's Agent
Mark Ventimiglia
Vadala Real Estate
List Price
$1,450,000
Sold Price
$1,452,500
Premium/Discount to List
$2,500
0.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$1,162,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 15, 2019
Sold by
Gilbert Gary and Gilbert Theresa A
Bought by
Rcg 242 Main Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 19, 2019
Sold by
Super Symmetry Llc
Bought by
Gilbert Gary and Williams Christopher
Purchase Details
Closed on
May 6, 2014
Sold by
Fontana Rt and Hallett
Bought by
Super Symmetry Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.32%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 5, 2001
Sold by
Ttjb Rt and Pastore
Bought by
Fontana Rt and Hallett
Purchase Details
Closed on
Sep 21, 1994
Sold by
Salvatore Sillari Ft
Bought by
Ttjb Rt and Pastore
Purchase Details
Closed on
Apr 1, 1988
Sold by
Granite R T 242
Bought by
Shipyard Realty Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 242 Main Street Llc | -- | None Available | |
| 242 Main Street Llc | -- | None Available | |
| 242 Main Street Llc | -- | None Available | |
| Bouchie Scott C | $1,452,500 | None Available | |
| Rcg 242 Main Llc | $1,250,000 | -- | |
| Gilbert Gary | -- | -- | |
| Gilbert Gary | -- | -- | |
| Gilbert Gary | -- | -- | |
| Gilbert Gary | -- | -- | |
| Super Symmetry Llc | $600,000 | -- | |
| Fontana Rt | $245,000 | -- | |
| Fontana Rt | $245,000 | -- | |
| Ttjb Rt | $325,000 | -- | |
| Ttjb Rt | $325,000 | -- | |
| Shipyard Realty Trust | $695,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Bouchie Scott C | $1,162,000 | |
| Previous Owner | Rcg 242 Main Llc | $815,000 | |
| Previous Owner | Super Symmetry Llc | $420,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2020 10/20/20 | Sold | $1,452,500 | +0.2% | $181 / Sq Ft |
| 07/30/2020 07/30/20 | Pending | -- | -- | -- |
| 07/20/2020 07/20/20 | For Sale | $1,450,000 | -- | $181 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $15,616 | $1,606,600 | $649,800 | $956,800 |
| 2024 | $9,931 | $1,555,200 | $618,200 | $937,000 |
| 2023 | $0 | $1,475,600 | $552,100 | $923,500 |
| 2022 | $0 | $1,270,800 | $479,100 | $791,700 |
| 2021 | $0 | $962,100 | $302,300 | $659,800 |
| 2020 | $9,931 | $779,500 | $302,300 | $477,200 |
| 2019 | $0 | $774,300 | $302,300 | $472,000 |
| 2018 | $0 | $764,000 | $302,300 | $461,700 |
| 2017 | $0 | $744,400 | $287,800 | $456,600 |
| 2016 | -- | $632,900 | $288,000 | $344,900 |
| 2015 | -- | $632,900 | $288,000 | $344,900 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Girolamo
-
Mark Ventimiglia
Buyer's Agent in 2020
Mark Ventimiglia
Vadala Real Estate
(978) 281-1111
28 in this area
74 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72694493
APN: GLOU-000013-000012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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