NOT LISTED FOR SALE
6 Beds
5 Baths
3,551 Sq Ft
0.27 Acres

Last Sold November 03, 2022

Last sale price $900,000 $253 Per Sq Ft

6 Days on Market

Highlights

  • Granite Flooring
  • Deck
  • Shops
  • 0.27 Acre Lot
  • Property is near public transit
  • 5-minute walk to Burnham's Field

About This Home

As of November 2022

INVESTORS $$$$$$ - Once-in-a-lifetime opportunity!!! A meticulously maintained multi-family owned by the same owners for over 40 years is now on the market. Located in downtown Gloucester and is currently being used as a 5-family. Four 1 BR 1 BA units and One 2 BR 1 BA unit. All with separate utilities with new decks and plenty of off-street parking. Units with tenants to start giving you an immediate return on your investment. This will go FAST. Don’t let this opportunity pass you by! Double your investment and purchase 27 Elm Street next door! Group showings are scheduled for Friday, Aug. 26th from 4 - 6 PM. Offers due Monday, August 29, at 5:00 pm

Last Agent to Sell the Property

Jennifer Anderson

RE/MAX Beacon Listed on: 08/24/2022

RE/MAX Beacon

Last Buyer's Agent

Mark Ventimiglia

Vadala Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,228

Year Built

  • Built in 1900

Lot Details

  • 0.27

Home Design

  • 3,551 Sq Ft Home
  • Brick Foundation

Flooring

  • Wood
  • Carpet
  • Granite
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Schools

  • O'maley Middle School
  • GHS High School

Utilities

  • Heating Available
  • Gas Water Heater

Additional Features

  • Deck
  • 0.27 Acre Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $3,675
  • Assessor Parcel Number 1893975

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,228

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 9

Interior Features

  • Flooring: Wood,Vinyl,Carpet
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full, Walk-Out Access
  • Living Area: 3551
  • Stories Total: 9
  • MAIN LO: AN4305
  • MAIN SO: C95600

Exterior Features

  • Foundation Details: Brick/Mortar, Granite
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 4(Gas)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 5

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Laundromat, House of Worship, T-Station

Lot Info

  • Parcel Number: 1893975
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11800
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7228

Multi Family

  • Number Of Units Total: 5
  • Total Actual Rent: 3675
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: Ghs
  • Middle Or Junior School: O'maley
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2022 11/03/22 Sold $900,000 -9.5% $253 / Sq Ft
08/31/2022 08/31/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $995,000 -- $280 / 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 $8,839 $909,400 $174,900 $734,500
2024 $8,622 $886,100 $166,600 $719,500
2023 $7,985 $754,000 $148,800 $605,200
2022 $7,228 $616,200 $129,400 $486,800
2021 $7,027 $564,900 $117,600 $447,300
2020 $6,511 $528,100 $117,600 $410,500
2019 $5,834 $459,700 $117,600 $342,100
2018 $5,604 $433,400 $117,600 $315,800
2017 $5,458 $413,800 $105,900 $307,900
2016 $5,236 $384,700 $105,800 $278,900
2015 $5,251 $384,700 $105,800 $278,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73028647

MLS Property Information Network (MLS PIN)