NOT LISTED FOR SALE

Estimated Value: $5,097,000 - $6,664,000

6 Beds
8 Baths
5,736 Sq Ft
1.43 Acres

Last Sold October 28, 2020

Last sale price $3,850,000 $671 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $35,211/month

5 Days on Market

Highlights

  • Ocean View
  • Landscaped Professionally
  • Wood Flooring
  • Spa
  • Deck
  • Balcony

About This Home

As of October 2020

Exceptional oceanfront offering in Gloucester’s coveted Eastern Point. This stately residence rests on over an acre of land, with a private beach, all the way from the graceful entrance down to the tranquil Brace Cove and the spectacular Atlantic Ocean. Revel in abundant natural light, fine detail, sophisticated elegance, modern amenities and the idyllic setting of this special residence, all perfect for entertaining year-round. Features include walls of glass, French doors, cathedral ceilings, bay windows, rich hardwood floors, fireplaces, multiple decks for stunning sunsets, brick patios and lush gardens uniting with the beach. Inside, the open floor plan boasts a chef's kitchen, a formal dining room and the grand living room, a first-floor master suite, and three other suites all with ocean views, as well as a spacious walk-out lower level. We invite you to experience in person this unique home in one of the finest locations of Massachusetts.

Last Agent to Sell the Property

The Mutlu Group

eXp Realty Listed on: 09/30/2020

eXp Realty

Last Buyer's Agent

Mary Francis

Coldwell Banker Realty - Manchester

Coldwell Banker Realty - Manchester

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $47,084

Year Built

  • Built in 2004

Lot Details

  • Year Round Access
  • Stone Wall
  • Landscaped Professionally
  • Sprinkler System
  • Drought Tolerant Landscaping

Parking

  • 3 Car Garage

Property Views

  • Ocean
  • Bay

Interior Spaces

  • Decorative Lighting
  • Window Screens
  • French Doors
  • Wood Flooring
  • Basement

Kitchen

  • Indoor Grill
  • Range with Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Schools

  • Gloucester High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Propane Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Security Service

Listing and Financial Details

  • Assessor Parcel Number M:0134 B:0084 L:0000

Property Details

Home Type

Condominium

Est. Annual Taxes

$47,084

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Attached
  • Style: Craftsman
  • Other Agent: 1.00
  • Handicap Access: Yes
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 627.62
  • Comp Based On: Net Sale Price
  • Year Built: 2004
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2004

Interior Features

  • Fireplaces: 3
  • Flooring: Hardwood
  • Interior Amenities: Security System, Cable Available, French Doors, Wired for Surround Sound, Internet Available - Fiber-Optic
  • Appliances: Range, Dishwasher, Disposal, Microwave, Indoor Grill, Refrigerator, Freezer, Washer, Dryer, Vent Hood
  • No Bedrooms: 6
  • Master Bedroom: On Level: First Floor, Bathroom - Double Vanity/Sink, Fireplace, Ceiling - Cathedral, Closet - Walk-in, Flooring - Hardwood, Hot Tub / Spa, French Doors, Handicap Accessible, Deck - Exterior, Lighting - Sconce, Crown Molding, Closet - Double
  • Bedroom 2: On Level: Second Floor, Closet, Flooring - Hardwood, Handicap Accessible
  • Bedroom 3: On Level: Second Floor, Closet, Flooring - Hardwood
  • Bedroom 4: On Level: Second Floor, Closet, French Doors
  • Bedroom 5: On Level: Second Floor, Bathroom - Full, Flooring - Hardwood
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Bathroom - Tiled With Shower Stall, Lighting - Sconce
  • Bathroom 2: On Level: Second Floor, Bathroom - Full, Bathroom - Tiled With Shower Stall, Handicap Accessible
  • Bathroom 3: On Level: Basement, Bathroom - Full, Bathroom - Tiled With Tub & Shower
  • No Rooms: 20
  • Dining Room: On Level: First Floor, Flooring - Hardwood, Balcony / Deck, Lighting - Sconce, Crown Molding
  • Family Room: On Level: First Floor, Flooring - Hardwood
  • Kitchen: On Level: First Floor, Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floor Plan, Recessed Lighting, Second Dishwasher, Stainless Steel Appliances, Gas Stove
  • Laundry: On Level: First Floor, Flooring - Hardwood
  • Living Room: On Level: First Floor, Fireplace, Ceiling - Cathedral, Flooring - Hardwood, Window(s) - Picture, French Doors, Handicap Accessible, Cable Hookup, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Open Floor Plan, Recessed Lighting
  • Basement: Y
  • Basement Features: Full, Partially Finished, Walk Out, Interior Access, Concrete Floor
  • Other Room 1: Name: Second Master Bedroom, On Level: Second Floor, Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Hardwood, Balcony / Deck, Crown Molding
  • Other Room 2: Name: Bathroom, On Level: Second Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower
  • Other Room 3: Name: Bathroom, On Level: Second Floor, Bathroom - With Shower Stall
  • Other Room 4: Name: Foyer, On Level: First Floor, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
  • Other Room 5: Name: Sitting Room, On Level: First Floor, Flooring - Hardwood
  • Other Room 6: Name: Loft, On Level: Second Floor, Fireplace, Flooring - Hardwood
  • Main Lo: BB5918
  • Main So: AN6181
  • Estimated Sq Ft: 5736.00

Exterior Features

  • Beach Ownership: Private, Association
  • Waterfront: Ocean, Dock/Mooring, Frontage, Walk to, Access, Deep Water Access, Direct Access, Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Waterfront Flag: Yes
  • Waterview Features: Bay, Ocean
  • Waterview Flag: Yes
  • Construction: Frame, Stone/Concrete
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard, Shingles
  • Exterior Features: Porch, Deck, Deck - Roof, Deck - Wood, Deck - Composite, Patio, Balcony, Hot Tub/Spa, Professional Landscaping, Sprinkler System, Decorative Lighting, Screens, Drought Tolerant/Water Conserving Landscaping, Outdoor Shower, Stone Wall
  • Foundation: Poured Concrete
  • Insulation Feature: Full, Fiberglass, Fiberglass - Batts

Garage/Parking

  • Parking Feature: Off-Street, Stone/Gravel
  • Parking Spaces: 10
  • Garage Parking: Attached, Garage Door Opener, Insulated
  • Garage Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 200 Amps
  • Cooling: Central Air
  • Cooling Zones: 4
  • Heating: Forced Air, Propane
  • Heat Zones: 4
  • Hot Water: Propane Gas
  • Utility Connections: for Gas Range, for Electric Oven, for Gas Dryer, Washer Hookup, Icemaker Connection

Condo/Co-op/Association

  • Fee Interval: Yearly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station
  • HOA Fees: 250.00
  • Home Own Association: Yes
  • Reqd Own Association: Yes

Schools

  • Elementary School: East Gloucester
  • Middle School: Ralph B O'Maley
  • High School: Gloucester High

Lot Info

  • Assessments: 3087700.00
  • Acre: 1.43
  • Lot Size: 62291.00
  • Page: 139
  • Parcel Number: M:0134 B:0084 L:0000
  • Zoning: RC-40
  • Lot Description: Gentle Slope, Level

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Prog. Thermostat

Tax Info

  • Taxes: 38071.00
  • Assessor Parcel Number: 4235289
  • Tax Year: 2020

MLS Schools

  • Grade School: East Gloucester
  • High School: Gloucester High
  • Middle School: Ralph B O'Maley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Oct 26, 2020
Sold by
284 Atlantic Road Rt
Bought by
Klaus Karrie M and Klaus Stephen J
Seller's Agent
The Mutlu Group
eXp Realty
Buyer's Agent
Mary Francis
Coldwell Banker Realty - Manchester
List Price
$3,600,000
Sold Price
$3,850,000
Premium/Discount to List
$250,000
6.94%
Total Days on Market
5
Current Estimated Value
$5,589,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,739,647
Avg. Annual Appreciation
8.46%

Purchase Details

Closed on
Apr 1, 2003
Sold by
Webb Susan Scott
Bought by
284 Atlantic Road Rt and Halchak Dale B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Klaus Karrie M $3,850,000 None Available
284 Atlantic Road Rt $930,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 284 Atlantic Road Rt $1,500,000
Previous Owner 284 Atlantic Road Rt $1,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2020 10/28/20 Sold $3,850,000 +6.9% $671 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $3,600,000 -- $628 / 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 $47,084 $4,839,100 $2,305,000 $2,534,100
2024 $47,084 $4,839,100 $2,305,000 $2,534,100
2023 $44,321 $4,185,200 $1,965,400 $2,219,800
2022 $41,809 $3,564,300 $1,710,200 $1,854,100
2021 $37,946 $3,050,300 $1,556,000 $1,494,300
2020 $38,071 $3,087,700 $1,556,000 $1,531,700
2019 $36,730 $2,894,400 $1,483,600 $1,410,800
2018 $36,304 $2,807,700 $1,447,400 $1,360,300
2017 $34,901 $2,646,000 $1,378,500 $1,267,500
2016 $32,814 $2,411,000 $1,318,500 $1,092,500
2015 $31,355 $2,297,100 $1,288,600 $1,008,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72735200

MLS Property Information Network (MLS PIN)

APN: GLOU-000134-000084