Virginia Todd
Leading Edge Real Estate
(857) 323-6892
50 Total Sales
1 in Central Gloucester
$406,000 Price
6
Beds
5
Baths
3,551
Sq Ft
0.27
Acre Lot
Highlights
- 0.27 Acre Lot
- Property is near public transit
- Shops
- Deck
- Wood Flooring
- 5-minute walk to Burnham's Field
About This Home
As of November 2022INVESTORS $$$$$$ - 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
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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
- Marble or Granite Building Materials
Flooring
- Wood
- Carpet
- 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
- 11,800 Sq Ft 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 24, 2022
Closed on
Nov 3, 2022
Sold by
Bought by
Seller's Agent
Jennifer Anderson
RE/MAX Beacon
Buyer's Agent
Mark Ventimiglia
Vadala Real Estate
List Price
$995,000
Sold Price
$900,000
Premium/Discount to List
-$95,000
-9.55%
Views
55
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Outstanding Balance
$1,817,866
Interest Rate
6.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 1, 1976
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Gloucester, MA
-
Virginia Todd
-
Deborah Evans
Deborah Evans
J. Barrett & Company
(351) 215-0813
110 Total Sales
1 in Central Gloucester
$749,000 Price
-
Diane Cadogan Hughes
Diane Cadogan Hughes
Barrett Sotheby's International Realty
(781) 776-5452
73 Total Sales
1 in Central Gloucester
$855,000 Price
-
Kelly Blagden
Kelly Blagden
Churchill Properties
(351) 207-3384
17 Total Sales
1 in Central Gloucester
$658,900 Price
-
North Shore and More Team
North Shore and More Team
eXp Realty LLC - Corporate Office
(339) 444-2882
36 Total Sales
1 in Central Gloucester
$807,000 Price
-
Shomari Lewis
Shomari Lewis
Engel & Volkers Oceanside
(857) 971-7164
10 Total Sales
1 in Central Gloucester
$299,999 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,900,000 | None Available | ||
| $51,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,900,000 | ||
| Previous Owner | $50,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
-
Jennifer Anderson
Seller's Agent in 2022
Jennifer Anderson
RE/MAX
13 in this area
44 Total Sales
-
Mark Ventimiglia
Buyer's Agent in 2022
Mark Ventimiglia
Vadala Real Estate
(978) 281-1111
29 in this area
78 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73028647
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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