NOT LISTED FOR SALE

Estimated Value: $477,000 - $520,000

4 Beds
2 Baths
1,740 Sq Ft
$286/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $380,000 $218 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,921/month

14 Days on Market

About This Home

As of November 2021

Open House Sat Sept 25 @ 12 - 2 PM. Enjoy Cash Flow from day one! Excellent Investment OR First Time Buyers OR multi-generational living opportunity. This two family residential property includes a preferred "side-by-side" townhouse layout, a lovely backyard & 1 - 2 (small car, tandem) off street parking spaces. Each unit includes 1-2 bedrooms, a full bath and kitchen and living room areas. Recently painted outside and featuring an 11 year old roof - it is located a short walk to downtown Gloucester and just steps to the commuter rail station to Boston. This property is currently fully occupied (tenants at will) and needs interior work/updates. Offered for sale in "as is" condition and it has been priced accordingly. Showings limited to OH's only - See virtual tour as attachment on MLS. Floor plans for both units & both levels are included as photos & MLS attachments. Also see "redlined" 2nd floor plan showing fully optimized 2 bed layout. See appliance exclusions as well.

Last Agent to Sell the Property

The Mitchell Team

Keller Williams Realty Evolution Listed on: 09/16/2021

Keller Williams Realty Evolution

Last Buyer's Agent

Marcia Pessanha

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 3,920

Interior Spaces

  • Property has 2 Levels

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Google maps
  • Garage Yn: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Approximate,Renovated Since
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
  • Has Basement: Full, Bulkhead, Dirt Floor, Unfinished
  • MAIN LO: C95098
  • MAIN SO: BB1175
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Wood,Vinyl,Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Mudroom, Unit 1(Ceiling Fans,Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Stories: 4
  • Window Features: Insulated Windows

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Varies per Unit, Unit 1 Balcony/Deck
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Sold "as Is". Showings Are During Open House Hours Only. Full Virtual Tour Available On Mls. Expenses Provided Upon Request.
  • Exclusions: Sold "as Is". Unit 2 Refrigerator, Washer And Dryer Not Included In Sale.
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Features: Level
  • Patio And Porch Features: Porch, Deck - Wood
  • Waterfront Features: Beach Front, Harbor, Ocean, Unknown To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street, Tandem, Unpaved
  • Open Parking: Yes
  • Total Parking Spaces: 1

Utilities

  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas)
  • HEAT UNITS: 2
  • COOLING ZONES: 0
  • Cooling Y N: No
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, T-Station, Sidewalks
  • HOA Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • LOT SIZE: 3785
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 3920.399999
  • Zoning: R-5

Multi Family

  • LEVELS 1: 2
  • LEASE 2: N
  • LEASE 1: N
  • Annual Gross Income: 30000
  • Property Net Operating Income: 30000
  • Number Of Units Total: 2
  • Total Actual Rent: 2500

Tax Info

  • Tax Annual Amount: 3293
  • Tax Block: 082
  • Tax Book Number: 22104
  • Tax Map Number: 027
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Nov 12, 2021
Sold by
Burke Dawn and Burke Wilfred F
Bought by
Moses Vevekanand
Seller's Agent
The Mitchell Team
Keller Williams Realty Evolution
Buyer's Agent
Marcia Pessanha
eXp Realty
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%
Current Estimated Value
$496,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,999
Avg. Annual Appreciation
6.73%
Original Mortgage
$285,000
Outstanding Balance
$261,226
Interest Rate
3.01%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$235,773

Purchase Details

Closed on
Nov 21, 2003
Sold by
Tebou Carol M and Tebou Robert E
Bought by
Burke Wilfred F and Naves Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,800
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
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
Moses Vevekanand $380,000 None Available
Burke Wilfred F $243,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moses Vevekanand $285,000
Previous Owner Burke Wilfred F $35,000
Previous Owner Burke Wilfred F $248,000
Previous Owner Burke Wilfred F $194,800
Previous Owner Burke Wilfred F $48,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2021 11/12/21 Sold $380,000 -5.0% $218 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $399,900 -- $230 / 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 $3,803 $391,300 $129,100 $262,200
2024 $3,748 $385,200 $123,000 $262,200
2023 $3,979 $375,700 $109,800 $265,900
2022 $3,406 $290,400 $95,500 $194,900
2021 $3,293 $264,700 $86,800 $177,900
2020 $3,138 $254,500 $86,800 $167,700
2019 $2,957 $233,000 $86,800 $146,200
2018 $3,095 $239,400 $86,800 $152,600
2017 $2,903 $220,100 $78,200 $141,900
2016 $2,830 $207,900 $78,100 $129,800
2015 $2,782 $203,800 $78,100 $125,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72896168

MLS Property Information Network (MLS PIN)

APN: GLOU-000027-000082