NOT LISTED FOR SALE

Estimated Value: $618,000 - $717,149

6 Beds
4 Baths
2,990 Sq Ft
$220/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $735,000 $246 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,983/month

9 Days on Market

Highlights

  • Granite Flooring
  • 1 Fireplace
  • Porch
  • Property is near public transit
  • Corner Lot
  • Patio

About This Home

As of September 2022

Investment opportunity or owner occupied awaits at this 2 Family duplex style home only minutes to Cape Ann Marina, Boulevard, Stage Fort Park, Restaurants and all the wonderful amenities in the heart of Gloucester! Both units offer main floor open concept living room, dining room, and kitchen. The #1 unit features an updated Kitchen. Each unit has one and a half baths. Separated farmers porch to sit and relax to the salty air blowing in from the nearby Gloucester Harbor. Plenty of street parking along with 2 off street parking spots. Close to the Highway and the train station is right over the hill. This very spacious property needs some updating that will be well worth it in the long run. Sold "AS IS".

Last Agent to Sell the Property

Mark Sylvain

Century 21 North East Homes Listed on: 06/10/2022

Last Buyer's Agent

Kathleen McHugh

Churchill Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,236

Year Built

  • Built in 1900

Lot Details

  • 5,000 Sq Ft Lot
  • Corner Lot

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,990 Sq Ft Home
  • 1 Fireplace
  • Insulated Windows
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Granite
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Outdoor Storage
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • O' Maley Middle School
  • Gloucester High School

Utilities

  • Heating Available
  • Separate Meters
  • 220 Volts
  • 200+ Amp Service
  • 110 Volts
  • Natural Gas Connected
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $3,800
  • Assessor Parcel Number M:0017 B:0006 L:0000,1894320

Community Details

Overview

  • 2 Units
  • Property has 3 Levels

Recreation

  • Park

Building Details

  • Net Operating Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,236

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood,Tile,Carpet
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Basement: Full, Partially Finished
  • Living Area: 2990
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: A95308
  • MAIN SO: AN4851

Exterior Features

  • Exterior Features: Storage
  • Construction Materials: Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Porch, Patio
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer
  • Heating: Unit 1(Hot Water Radiators,Steam,Gas), Unit 2(Hot Water Radiators,Steam,Gas)
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, 200+ Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public, Individual Meter

Condo/Co-op/Association

  • Community Features: Park, Public School, T-Station, Sidewalks

Lot Info

  • Parcel Number: M:0017 B:0006 L:0000,1894320
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6236

Multi Family

  • Net Operating Income: 45600
  • Number Of Units Total: 2
  • Total Actual Rent: 3800
  • LEVELS 1: 3
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Gloucester High
  • Middle Or Junior School: O' Maley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Haskell James and Haskell Katrina
Bought by
Stratton Allen E and Stratton Elizabeth
Current Estimated Value
$646,054

Purchase Details

Closed on
Jan 26, 2024
Sold by
Haskell James and Haskell Katrina
Bought by
Dowd Lucy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,200
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 10, 2022
Closed on
Sep 6, 2022
Sold by
Karvelas Charles and Karvelas George
Bought by
Haskell James and Haskell Katrina
Seller's Agent
Mark Sylvain
Century 21 North East Homes
Buyer's Agent
Kathleen McHugh
Churchill Properties
List Price
$799,000
Sold Price
$735,000
Premium/Discount to List
-$64,000
-8.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.24%

Purchase Details

Closed on
Mar 31, 2022
Sold by
Karvelas Christopher
Bought by
Karvelas Charles and Karvelas Kristine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Stratton Allen E $625,000 None Available
Stratton Allen E $625,000 None Available
Dowd Lucy $569,000 None Available
Dowd Lucy $569,000 None Available
Dowd Lucy $569,000 None Available
Haskell James $735,000 None Available
Haskell James $735,000 None Available
Karvelas Charles $210,000 None Available
Karvelas Charles $210,000 None Available
Karvelas Charles $210,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dowd Lucy $455,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2022 09/08/22 Sold $735,000 -8.0% $246 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $799,000 -- $267 / 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 $7,177 $738,400 $150,200 $588,200
2024 $5,790 $595,100 $143,000 $452,100
2023 $6,906 $652,100 $127,700 $524,400
2022 $6,236 $531,600 $111,100 $420,500
2021 $5,405 $434,500 $101,000 $333,500
2020 $5,298 $429,700 $101,000 $328,700
2019 $5,299 $417,600 $101,000 $316,600
2018 $4,932 $381,400 $101,000 $280,400
2017 $4,711 $357,200 $96,200 $261,000
2016 $4,540 $333,600 $100,300 $233,300
2015 $4,457 $326,500 $100,300 $226,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72995785

MLS Property Information Network (MLS PIN)

APN: GLOU-000017-000006