$1,499,000
$200K PRICE DROP

368 Essex Ave Gloucester, MA 01930

West Gloucester Neighborhood

Estimated payment $9,050/month

Total Views 12,686
3.7 Acres
$405,135 Price per Acre
161,172 Sq Ft Lot

Highlights

  • 3.7 Acre Lot
  • Wooded Lot
  • Jogging Path
  • Property is near public transit
  • No HOA
  • Additional Land

About This Lot

Investors and developers, take note! This is a rare opportunity to acquire a substantial 3.7-acre parcel in a highly desirable West Gloucester location. This offering includes a considerable three-family property situated on a sprawling 2.44-acre lot, with an additional 1.26-acre lot being sold together. The existing property offers immediate income potential with three separate units. However, the real allure lies in the significant potential for subdivision (subject to buyer due diligence and approvals). Zoning is R20 with potential for 5 ANR lots and the property may be included in a future MBTA MF 3A Overlay district (not yet established). Imagine the possibilities for future development! Don't miss out on this unique chance to own a significant piece of land in a prime Gloucester setting.

Listing Agent

Antonia Tullercash

Churchill Properties Listed on: 05/13/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,065

Lot Details

  • 3.7 Acre Lot
  • Sloped Lot
  • Wooded Lot
  • Additional Land
  • Property is zoned R-20

Location

  • Property is near public transit
  • Property is near schools

Schools

  • West Parish Elementary School
  • O'maley Middle School
  • GHS High School

Utilities

  • Electricity To Lot Line

Listing and Financial Details

  • Assessor Parcel Number M:0229 B:0039 L:0000,1904863

Community Details

Overview

  • No Home Owners Association

Recreation

  • Jogging Path

Property Details

Property Type

Land

Est. Annual Taxes

$9,065

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Compensation Based On: Compensation Offered but Not in MLS
  • Special Features: None

Interior Features

  • MAIN LO: AN4851

Exterior Features

  • Frontage Length: 450
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No

Utilities

  • Sewer: Public Sewer, At Street
  • Gas: Nearby
  • Electric: On-Site
  • Electricity On Property: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Walk/Jog Trails, Highway Access, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0229 B:0039 L:0000,1904863
  • Zoning: R-20
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped, Wooded, Additional Land Available
  • Lot Size Acres: 3.7
  • Lot Size Area: 3.7
  • Lot Size Sq Ft: 161172
  • Lot Size Units: Acres
  • PAGE: 420

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9065
  • Tax Book Number: 13338

MLS Schools

  • High School: Ghs
  • Elementary School: West Parish
  • Middle Or Junior School: O'maley

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $9,065 $931,700 $249,600 $682,100
2024 $9,065 $931,700 $249,600 $682,100
2023 $9,387 $886,400 $222,800 $663,600
2022 $8,510 $725,500 $193,700 $531,800
2021 $8,237 $662,100 $176,400 $485,700
2020 $7,823 $634,500 $176,400 $458,100
2019 $7,312 $576,200 $176,400 $399,800
2018 $7,053 $545,500 $176,400 $369,100
2017 $6,802 $515,700 $168,000 $347,700
2016 $6,450 $473,900 $175,300 $298,600
2015 $6,343 $464,700 $175,300 $289,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $1,499,000 0.0% $391 / Sq Ft
06/18/2025 06/18/25 Pending -- -- --
05/29/2025 05/29/25 Price Changed $1,499,000 -11.8% $391 / Sq Ft
05/13/2025 05/13/25 For Sale $1,699,000 -- $443 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Foreclosure Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Open $300,000 Adjustable Rate Mortgage/ARM
Closed $135,000 No Value Available
Closed $120,000 No Value Available
Closed $107,000 No Value Available
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73373947

MLS Property Information Network (MLS PIN)

APN: GLOU-000229-000039

Massachusetts Essex County Gloucester 01930 West Gloucester

368 Essex Ave, Gloucester, MA

This home is located at 368 Essex Ave, Gloucester, MA 01930 and is currently priced at $1,499,000. 368 Essex Ave is a home located in Essex County with nearby schools including West Parish, Ralph B O'maley Middle School, and Gloucester High School.

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.

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.

Nearby Homes
Listing Agent
Antonia Tullercash
Section Image
Churchill Properties
(351) 777-6474