368 Essex Ave Gloucester, MA 01930
West Gloucester NeighborhoodEstimated payment $8,648/month
Highlights
- 3.7 Acre Lot
- Wooded Lot
- Jogging Path
- Property is near public transit
- No HOA
- Additional Land
About This Lot
Investors, developers, and homesteading enthusiasts — take note! Rare opportunity to acquire a 3.7-acre parcel in highly desirable West Gloucester. Includes a spacious three-family home on 2.44 acres plus an additional 1.26-acre lot, sold together. The existing property offers immediate income potential with three units — ideal for multi-generational living or rental income. Beyond investment appeal, this land invites a self-sufficient, homesteading lifestyle: think gardens, chickens, fruit trees, and room to roam — all minutes from town. Zoned R20 with potential for 5 ANR lots (subject to buyer due diligence and approvals), the property also holds significant development potential. Whether you’re creating a private homestead or exploring subdivision opportunities, the possibilities are abundant. Don’t miss this unique chance to own a rare and versatile piece of land in prime Gloucester!
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
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,714 | $999,400 | $262,100 | $737,300 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2025 11/12/25 | For Sale | $1,499,000 | -- | $391 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Foreclosure Deed | $125,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $135,000 | No Value Available | |
| Closed | $120,000 | No Value Available | |
| Closed | $107,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73454086
APN: GLOU-000229-000039
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