NOT LISTED FOR SALE

3 Summit St Gloucester, MA 01930

Central Gloucester Neighborhood

Estimated Value: $661,000 - $918,000

6 Beds
3 Baths
2,900 Sq Ft
$269/Sq Ft Est. Value

Sale Details

Date Sold: January 7, 2016

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

Est. 111% increase in value since last sale

Current estimated payment $4,619 / mo

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

5,227 Sq Ft Lot

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
Bought by
Carollo John 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
$778,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,956
Avg. Annual Appreciation
7.44%
Original Mortgage
$296,000
Outstanding Balance
$230,965
Interest Rate
3.96%
Mortgage Type
Commercial
Estimated Equity
$547,991

Purchase Details

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

Purchase Details

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

Purchase Details

Closed on
Dec 15, 1988
Sold by
Cyr Paul
Bought by
Costanzo Anthony
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

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
Carollo John $370,000 --
Russo Robert $130,000 --
Russo Robert $192,000 --
Russo Robert E $192,000 --
Costanzo Anthony $186,000 --
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 Carollo John $296,000
Previous Owner Costanzo Anthony $96,800
Previous Owner Costanzo Anthony $246,400
Previous Owner Costanzo Anthony $176,250
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

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

    77 Total Sales

    Peter Lane
    Section Image
  • Mark Ventimiglia

    Buyer's Agent in 2016

    Mark Ventimiglia

    Vadala Real Estate

    (978) 281-1111

    31 in this area

    79 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

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MLS Property Information Network (MLS PIN) 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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