NOT LISTED FOR SALE

281 E Main St Gloucester, MA 01930

East Gloucester Neighborhood

Estimated Value: $1,294,000 - $1,473,000

6 Beds
3 Baths
2,190 Sq Ft
$624/Sq Ft Est. Value

Last Sold November 14, 2024

Last sale price $1,300,000 $594 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,917/month

56 Days on Market

Highlights

  • Harbor Views
  • Deck
  • Wood Flooring
  • Open Floorplan
  • Cathedral Ceiling
  • Solid Surface Countertops

About This Home

As of November 2024

Rocky Neck area! Rare opportunity to buy 2 water view year-round single-family homes on 1 lot! Main house is a 4 BR, 2 BA Col. with 1 car gar. under which was completely gut renovated right down to the studs! Like brand new condition! Situated closer to Smith Cove is a separate detached 4 RM, 2 BR, 1 BA year-round completely renovated Cottage currently being used for a home occupation business but could also easily be overflow guest quarters or vacation rental home! Several decks offer views of Gloucester Harbor and Smith Cove to enjoy the boating activity, sunsets, and fireworks! Main house has beautiful maple cabinet kitchen w/granite counters, ss appliances, breakfast bar, and cathedral ceilings. Excellent location at the entrance to America's oldest art colony. Rocky Neck offers many restaurants, art galleries, shops, marina, and cultural center. Nearby Niles Beach is a nice neighborhood beach just a short stroll around the corner and just a few doors away is Gloucester Stage Co.

Last Agent to Sell the Property

Peter Lane

North Shore's Gold Coast Realty Listed on: 07/16/2024

Last Buyer's Agent

Alli Allmendinger

Churchill Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,447

Year Built

  • Built in 1900

Lot Details

  • 9,027 Sq Ft Lot
  • Stone Wall
  • Gentle Sloping Lot
  • Garden

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,190 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Living Room
  • Dining Room
  • Storage
  • Harbor Views
  • Home Security System

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Garage Access
  • Block Basement Construction

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Deck

Schools

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

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Baseboard Heating
  • Separate Meters
  • 220 Volts
  • 200+ Amp Service

Community Details

  • 2 Units
  • Net Operating Income $24,000

Listing and Financial Details

  • Tax Lot 38
  • Assessor Parcel Number 1897832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,447

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Tile, Carpet, Varies, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Cathedral/Vaulted Ceilings, Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet(s), Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floorplan, Remodeled, Living Room, Dining Room, Kitchen
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Range Hood
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access, Interior Entry, Garage Access, Concrete
  • Living Area: 2190
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Picture Window, Insulated Windows
  • MAIN LO: C95247
  • MAIN SO: AN4851

Exterior Features

  • Exterior Features: Balcony/Deck, Garden, Stone Wall
  • Construction Materials: Frame
  • Foundation Details: Stone, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood, Deck - Composite
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air, Individual, Unit Control, Ductless
  • Heating: Baseboard, Natural Gas, Individual, Unit Control, Forced Air
  • Cooling Y N: Yes
  • Electric: 220 Volts, Circuit Breakers, 200+ Amp Service, Individually Metered
  • Heating YN: Yes
  • Security Features: Security System
  • Water Source: Public
  • Hot Water: Natural Gas, Electric, Tank, Varies Per Unit

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1897832
  • Zoning: R10
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9027
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9447
  • Tax Lot: 38

Multi Family

  • Net Operating Income: 24000
  • Number Of Units Total: 2
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N
  • Waterview: Harbor

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 1996
Sold by
Foster Elizabeth
Bought by
Sheehan Jeannette
Current Estimated Value
$1,358,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sheehan Jeannette $163,000 --
Sheehan Jeannette $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheehan Jeannette $250,000
Closed Sheehan Jeannette $130,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2024 11/14/24 Sold $1,300,000 -1.9% $594 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
09/05/2024 09/05/24 Price Changed $1,325,000 -7.0% $605 / Sq Ft
07/16/2024 07/16/24 For Sale $1,425,000 -- $651 / 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 $9,627 $990,400 $357,500 $632,900
2024 $9,447 $970,900 $340,600 $630,300
2023 $9,167 $865,600 $304,100 $561,500
2022 $8,806 $750,700 $264,400 $486,300
2021 $8,594 $690,800 $240,300 $450,500
2020 $8,164 $662,100 $226,500 $435,600
2019 $7,973 $628,300 $226,500 $401,800
2018 $7,718 $596,900 $226,500 $370,400
2017 $7,488 $567,700 $216,000 $351,700
2016 $7,055 $518,400 $204,700 $313,700
2015 $6,800 $498,200 $204,700 $293,500
Source: Public Records

Agents Affiliated with this Home

  • Peter Lane

    Seller's Agent in 2024

    Peter Lane

    North Shore's Gold Coast Realty

    (978) 689-5431

    6 in this area

    74 Total Sales

    Peter Lane
    Section Image
  • Alli Allmendinger

    Buyer's Agent in 2024

    Alli Allmendinger

    Churchill Properties

    (978) 325-2702

    2 in this area

    21 Total Sales

    Alli Allmendinger
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73265231

MLS Property Information Network (MLS PIN)

APN: GLOU-000080-000038

Massachusetts Essex County Gloucester 01930 East Gloucester

281 E Main St, Gloucester, MA

Not Listed for Sale

MultiFamily

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