NOT LISTED FOR SALE

38 Madison Ave Gloucester, MA 01930

Central Gloucester Neighborhood

Estimated Value: $483,000 - $765,000

3 Beds
2 Baths
2,430 Sq Ft
$243/Sq Ft Est. Value

Last Sold June 21, 2013

Last sale price $350,000 $144 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $3,478/month

42 Days on Market

About This Home

As of June 2013

Spacious 8 Room, 2 BR, 2 Bath Ranch includes 3 rm. large legal walkout basement studio apt. could also be used as familyroom. Large LR w/HW floors and fireplace, and oversized sunny K/DR combo with built in china cabinet. Updated utilities. Laundryroom was originally 3rd BR and could be converted back. 2 Car garage under and ample paved parking for 10 cars! 15,795 SF LOT HAS SUBDIVISION POTENTIAL TO CREATE AN EXTRA BUILDING LOT!! Handy intown side st. location near T and easy access to Rt 128!

Last Agent to Sell the Property

Peter Lane

North Shore's Gold Coast Realty Listed on: 04/10/2013

Last Buyer's Agent

Peter Lane

North Shore's Gold Coast Realty Listed on: 04/10/2013

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive, Cleared
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1962

Interior Features

  • Fireplaces: 2
  • Has Basement: Yes
  • Fireplaces: 2
  • Number of Rooms: 9
  • Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, Other (See Remarks)
  • Electric: Circuit Breakers, 100 Amps
  • Energy: Storm Windows, Storm Doors
  • Flooring: Tile, Vinyl, Hardwood
  • Basement: Full, Partially Finished, Walk Out, Interior Access, Garage Access, Concrete Floor

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Porch, Storage Shed
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Oil, Tank

Lot Info

  • Assessor Parcel Number: M:0039 B:0035 L:0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2013
Closed on
Jun 21, 2013
Sold by
Justice Margaret and Oconnell Dennis
Bought by
Mondello Paul and Mondello Jeffrey
Seller's Agent
Peter Lane
North Shore's Gold Coast Realty
Buyer's Agent
Peter Lane
North Shore's Gold Coast Realty
List Price
$339,900
Sold Price
$350,000
Premium/Discount to List
$10,100
2.97%
Current Estimated Value
$591,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,059
Avg. Annual Appreciation
4.26%
Original Mortgage
$260,000
Outstanding Balance
$121,204
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$469,855
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
Mondello Paul $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mondello Paul $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2013 06/21/13 Sold $350,000 +3.0% $144 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $339,900 -- $140 / 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 $4,676 $481,100 $203,300 $277,800
2024 $4,561 $468,800 $193,500 $275,300
2023 $4,652 $439,300 $172,800 $266,500
2022 $4,399 $375,000 $150,300 $224,700
2021 $4,259 $342,400 $136,700 $205,700
2020 $4,081 $331,000 $136,700 $194,300
2019 $3,895 $306,900 $136,700 $170,200
2018 $3,724 $288,000 $136,700 $151,300
2017 $3,721 $282,100 $130,100 $152,000
2016 $3,759 $276,200 $135,700 $140,500
2015 $3,714 $272,100 $135,700 $136,400
Source: Public Records

Agents Affiliated with this Home

  • Peter Lane

    Seller's Agent in 2013

    Peter Lane

    North Shore's Gold Coast Realty

    (978) 689-5431

    25 in this area

    74 Total Sales

    Peter Lane
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71506536

MLS Property Information Network (MLS PIN)

APN: GLOU-000039-000035

Massachusetts Essex County Gloucester 01930 Central Gloucester

38 Madison Ave, Gloucester, MA

Not Listed for Sale

MultiFamily

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