$498,500
SOLD OCT 17, 2016
2 Beds
3 Baths
1,874 Sq Ft
1987 Built

Recently Sold

$266 Per Sq Ft

9% Below List Price

172 Days on Market

About This Home

As of December 2021

Only steps from this sun-filled condo lies Long Beach with its beautiful sun rises. Enjoy a quiet walk along the beach before the bustle of a summer's day. Then, in the evening, a peaceful stroll late into the night. Smell and feel the ocean from one of four exterior balconies. This Longbeach Place condominium provides year-round comfort, views of Twin Lights from the penthouse floor and a flexible floor-plan. Live along the coast all year or make this your vacation home. And, if you wish, you may rent this unit out for added income. Either way, it is a great investment. Close to downtown Gloucester, restaurants, shopping and plenty of activities.

Last Agent to Sell the Property

Nancy Sclafani

J. Barrett & Company License #454002099 Listed on: 03/15/2016

Last Buyer's Agent

Diane Mahalati

Schruender Realty

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,600

Year Built

1987

Lot Details

0

Listing Details

  • Unit Level: 1
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1987

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Fireplaces: 1
  • Has Basement: No
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 7
  • Amenities: Public Transportation, Shopping, Stables, Golf Course, Medical Facility, Highway Access, Public School, T-Station
  • Energy: Insulated Windows
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Interior Amenities: Central Vacuum
  • Bedroom 2: Third Floor
  • Bedroom 3: Fourth Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Third Floor
  • Bathroom #3: Third Floor
  • Kitchen: Second Floor
  • Laundry Room: First Floor
  • Living Room: Second Floor
  • Master Bedroom: Third Floor
  • Master Bedroom Description: Bathroom - Full, Flooring - Wall to Wall Carpet, Balcony - Exterior
  • Dining Room: Second Floor
  • Family Room: First Floor
  • No Living Levels: 4

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard
  • Exterior Unit Features: Balcony, Outdoor Shower
  • Beach Ownership: Public
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Under, Assigned
  • Garage Spaces: 1
  • Parking: Assigned, Guest
  • Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas, Radiant
  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: Longbeach Place Condominium
  • Association Fee Includes: Master Insurance, Exterior Maintenance, Landscaping, Snow Removal
  • Association Security: Other (See Remarks)
  • No Units: 14
  • Unit Building: 1

Fee Information

  • Fee Interval: Monthly

Schools

  • Middle School: O'maley Middle
  • High School: Gloucester Hs

Lot Info

  • Zoning: R-10
  • Lot: 0001

Multi Family

  • Waterview: Ocean, Walk to

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Dec 22, 2021
Sold by
Degennaro Ariel and Russell Lauire
Bought by
Mcdonough Joseph and Mcdonough Veronica
Seller's Agent
Diane Mahalati
Schruender Realty
Buyer's Agent
Diane Mahalati
Schruender Realty
List Price
$849,900
Sold Price
$790,000
Premium/Discount to List
-$59,900
-7.05%
Current Estimated Value
$1,006,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,922
Avg. Annual Appreciation
5.61%

Purchase Details

Listed on
Mar 15, 2016
Closed on
Oct 18, 2016
Sold by
Freccia Theresa K and Freccia Frank J
Bought by
Russell Laurie and Degennaro Ariel
Seller's Agent
Nancy Sclafani
J. Barrett & Company
Buyer's Agent
Diane Mahalati
Schruender Realty
List Price
$549,000
Sold Price
$498,500
Premium/Discount to List
-$50,500
-9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$398,800
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 1995
Sold by
Nigro Joseph and Nigro Mary
Bought by
Freccia Frank and Freccia Thresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
9.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $790,000 None Available
Not Resolvable $498,500 --
Deed $245,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $510,401 Stand Alone Refi Refinance Of Original Loan
Previous Owner $475,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $125,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $398,800 New Conventional
Previous Owner $125,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2021 12/27/21 Sold $790,000 -7.0% $479 / Sq Ft
10/23/2021 10/23/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $849,900 +70.5% $515 / Sq Ft
10/17/2016 10/17/16 Sold $498,500 -3.9% $266 / Sq Ft
09/03/2016 09/03/16 Pending -- -- --
04/29/2016 04/29/16 Price Changed $519,000 -5.5% $277 / Sq Ft
03/15/2016 03/15/16 For Sale $549,000 -- $293 / 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 $8,600 $883,900 $0 $883,900
2024 $8,600 $883,900 $0 $883,900
2023 $7,872 $743,300 $0 $743,300
2022 $7,495 $639,000 $0 $639,000
2021 $7,162 $575,700 $0 $575,700
2020 $7,098 $575,700 $0 $575,700
2019 $7,151 $563,500 $0 $563,500
2018 $6,748 $521,900 $0 $521,900
2017 $6,851 $519,400 $0 $519,400
2016 $6,787 $498,700 $0 $498,700
2015 $6,660 $487,900 $0 $487,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71972603

MLS Property Information Network (MLS PIN)

APN: GLOU-000178-000025-000001