NOT LISTED FOR SALE

Estimated Value: $1,472,917

10 Beds
6 Baths
6,731 Sq Ft
$219/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $1,465,000 $218 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,763/month

40 Days on Market

Highlights

  • Marina
  • Medical Services
  • Corner Lot
  • Ocean View
  • Property is near public transit
  • Jogging Path

About This Home

As of February 2024

Great opportunity to own this Mixed Use Residential / Commercial property in a prime and desirable location of downtown Gloucester with Water Views!! Six total units- Five residential & One commercial that are in two separate buildings on the same lot. The Five residential units consist of 3 two bedroom apartments, 1 studio apartment and a 4 bedroom townhouse apartment. The commercial unit houses a well established breakfast restaurant and is a free standing building on the same lot. Rents are below market value. All this located on a corner lot literally down the street from Gloucester's Iconic Waterfront, Boulevard and all that downtown Gloucester has to offer! Within half a mile of the MBTA and one mile to Route 128.

Last Agent to Sell the Property

Salvatore Dimercurio

Keller Williams Realty Evolution Listed on: 11/03/2023

Keller Williams Realty Evolution

Last Buyer's Agent

Shoshanah Collins

Boston Metropolitan Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,760

Year Built

  • Built in 1900

Lot Details

  • 7,557 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Parking Spaces

Home Design

  • Stone Foundation

Interior Spaces

  • 6,731 Sq Ft Home
  • Ocean Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $8,933
  • Assessor Parcel Number M:0015 B:0104 L:0000

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park
  • Jogging Path

Building Details

  • Net Operating Income $83,196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,760

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 10

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 10
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Living Area: 6731
  • Spa YN: No
  • Stories Total: 10
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 237.69
  • PRICE PER Sq Ft: 217.65
  • MAIN SO: AN0194

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Marina, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0015 B:0104 L:0000
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7557
  • Lot Size Units: Acres
  • PAGE: 120
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10760.49
  • Tax Book Number: 38704

Multi Family

  • Gross Income: 107196
  • Net Operating Income: 83196
  • Number Of Units Total: 6
  • Total Actual Rent: 8933
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 3
  • FLRS 3: 3
  • FLRS 2: 2
  • Waterview: Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2025
Sold by
40-42 Middle Llc
Bought by
Cameron Stephanie
Current Estimated Value
$1,472,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,250
Outstanding Balance
$450,489
Interest Rate
6.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 25, 2025
Sold by
40-42 Middle Llc
Bought by
Fernandez Emilia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,250
Outstanding Balance
$450,489
Interest Rate
6.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 22, 2024
Sold by
40-42 Middle Llc
Bought by
Burke Kayla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2024
Sold by
40-42 Middle Llc
Bought by
Duhaime Monique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 2020
Sold by
Ciaramitaro Vincenza C and Ciaramitaro Vito
Bought by
Josephine & Rose Llc

Purchase Details

Closed on
Feb 11, 2008
Sold by
Rallo Giacomo and Ciaramitaro Vincenza C
Bought by
Ciaramitaro Vito

Purchase Details

Closed on
Jun 8, 2004
Sold by
Rallo Josephine and Rallo Vincenza
Bought by
Rallo Giacomo

Purchase Details

Closed on
May 1, 1971
Bought by
Ciaramitaro Vito and Ciaramitaro Vincenza C
Source: Public Records

Range of Values:

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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
Cameron Stephanie $583,500 None Available
Cameron Stephanie $583,500 None Available
Fernandez Emilia B $475,000 None Available
Fernandez Emilia B $475,000 None Available
Burke Kayla $475,000 None Available
Burke Kayla $475,000 None Available
Burke Kayla $475,000 None Available
Duhaime Monique $305,000 None Available
Duhaime Monique $305,000 None Available
Duhaime Monique $305,000 None Available
Josephine & Rose Llc -- None Available
Josephine & Rose Llc -- None Available
Josephine & Rose Llc -- None Available
Ciaramitaro Vito -- --
Ciaramitaro Vito -- --
Rallo Giacomo -- --
Rallo Giacomo -- --
Ciaramitaro Vito -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fernandez Emilia B $451,250
Closed Fernandez Emilia B $451,250
Previous Owner Burke Kayla $380,000
Previous Owner Clarke Michael P $326,250
Previous Owner 40-42 Middle Llc $2,032,000
Previous Owner Josephine & Rose Llc $100,000
Previous Owner Josephine & Rose Llc $525,000
Previous Owner Josephine & Rose Llc $50,000
Previous Owner Josephine & Rose Llc $395,000
Previous Owner Ciaramitaro Vincenza C $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2024 02/02/24 Sold $1,465,000 -8.4% $218 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
11/13/2023 11/13/23 Price Changed $1,599,900 -11.1% $238 / Sq Ft
11/03/2023 11/03/23 For Sale $1,799,999 -- $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 $8,843 $1,067,500 $146,900 $920,600
2024 $8,843 $1,067,500 $146,900 $920,600
2023 $0 $1,016,100 $131,900 $884,200
2022 $0 $825,800 $114,100 $711,700
2021 $0 $766,600 $103,800 $662,800
2020 $8,843 $717,200 $103,800 $613,400
2019 $0 $625,600 $103,800 $521,800
2018 $0 $590,200 $103,800 $486,400
2017 $0 $567,500 $93,400 $474,100
2016 -- $526,100 $93,400 $432,700
2015 -- $526,100 $93,400 $432,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73177133

MLS Property Information Network (MLS PIN)

APN: GLOU-000015-000104