NOT LISTED FOR SALE

3 Summit St Gloucester, MA 01930

Central Gloucester Neighborhood

Estimated Value: $513,000 - $714,000

6 Beds
3 Baths
2,900 Sq Ft
$224/Sq Ft Est. Value

Last Sold January 07, 2016

Last sale price $370,000 $128 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,875/month

5 Days on Market

About This Home

As of January 2016

Enjoy ocean, harbor and city views from this centrally located 3 family (3 BR, 2 BR, 1 BR Apartments). All separate utilities! Large fenced yard with garden areas and patio. 4 Car paved offstreet parking. Top floor 1 BR apartment with views recently renovated and ready for immediate occupancy by a potential owner occupant! All units have washer/dryer/gas stove/refrigerator and are included with sale. 2 long term tenants. Projected gross yearly rental income $43,200! Low maintenance vinyl and aluminum exterior siding. First showing Sat.Nov. 7th 10am-12 noon.

Last Agent to Sell the Property

Peter Lane

North Shore's Gold Coast Realty Listed on: 11/05/2015

Last Buyer's Agent

Mark Ventimiglia

Vadala Real Estate

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, City View(s), Fenced/Enclosed, Scenic View(s)
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 13
  • Amenities: Public Transportation, House of Worship, T-Station
  • Electric: Circuit Breakers, 100 Amps, Individually Metered
  • Energy: Insulated Windows
  • Flooring: Tile, Wall to Wall Carpet, Laminate, Hardwood
  • Basement: Full, Partially Finished, Walk Out, Concrete Floor

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Aluminum, Vinyl
  • Exterior Features: Porch, Patio, Gutters, Screens, Fenced Yard, City View(s)
  • Foundation: Fieldstone, Granite

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Gas Oven
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Assessor Parcel Number: M:0028 B:0084 L:0000
  • Zoning: R4

Multi Family

  • Expenses Year End: 12/14
  • Foundation: 45 X 23
  • Heat Units: 3
  • Sq Ft Incl Bsmt: Yes
  • Total Bedrooms: 6
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 13
  • Total Rent_1: 2650
  • Waterview: Harbor, Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2015
Closed on
Jan 7, 2016
Sold by
Duffy Shila N
Bought by
Carollo John C and Carollo Mary J
Seller's Agent
Peter Lane
North Shore's Gold Coast Realty
Buyer's Agent
Mark Ventimiglia
Vadala Real Estate
List Price
$379,000
Sold Price
$370,000
Premium/Discount to List
-$9,000
-2.37%
Current Estimated Value
$650,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,932
Avg. Annual Appreciation
5.83%
Original Mortgage
$296,000
Outstanding Balance
$235,415
Interest Rate
3.96%
Mortgage Type
Commercial
Estimated Equity
$415,517

Purchase Details

Closed on
Jul 26, 1996
Sold by
Russo Rohert B and Russo Lynda
Bought by
Russo Robert B and Armell Shila N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
8.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 1989
Sold by
Costanzo Anthony J
Bought by
Russo Robert E

Purchase Details

Closed on
Dec 15, 1988
Sold by
Cyr Paul
Bought by
Costanzo Anthony J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Carollo John C $370,000 --
Russo Robert B $130,000 --
Russo Robert E $192,000 --
Costanzo Anthony J $186,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carollo John C $296,000
Previous Owner Costanzo Anthony J $96,800
Previous Owner Costanzo Anthony J $246,400
Previous Owner Costanzo Anthony J $176,250
Previous Owner Costanzo Anthony J $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2016 01/07/16 Sold $370,000 -2.4% $128 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
11/05/2015 11/05/15 For Sale $379,000 -- $131 / 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 $5,573 $573,400 $138,500 $434,900
2024 $5,199 $534,300 $131,900 $402,400
2023 $5,393 $509,300 $117,800 $391,500
2022 $4,884 $416,400 $102,500 $313,900
2021 $4,726 $379,900 $93,100 $286,800
2020 $4,483 $363,600 $93,100 $270,500
2019 $4,179 $329,300 $93,100 $236,200
2018 $4,024 $311,200 $93,100 $218,100
2017 $3,817 $289,400 $83,900 $205,500
2016 $3,409 $250,500 $83,800 $166,700
2015 $3,350 $245,400 $83,800 $161,600
Source: Public Records

Agents Affiliated with this Home

  • Peter Lane

    Seller's Agent in 2016

    Peter Lane

    North Shore's Gold Coast Realty

    (978) 689-5431

    25 in this area

    74 Total Sales

    Peter Lane
    Section Image
  • Mark Ventimiglia

    Buyer's Agent in 2016

    Mark Ventimiglia

    Vadala Real Estate

    (978) 281-1111

    30 in this area

    75 Total Sales

    Mark Ventimiglia
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71928392

MLS Property Information Network (MLS PIN)

APN: GLOU-000028-000084

Massachusetts Essex County Gloucester 01930 Central Gloucester

3 Summit St, Gloucester, MA

Not Listed for Sale

MultiFamily

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