NOT LISTED FOR SALE

48 Cleveland St Gloucester, MA 01930

Central Gloucester Neighborhood

Estimated Value: $502,000 - $526,000

2 Beds
2 Baths
1,970 Sq Ft
$261/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $280,000 $142 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,060/month

8 Days on Market

About This Home

As of February 2022

Great opportunity to own a two family home in downtown Gloucester featuring two spacious one bedroom apartments with solid rental history. Showings will commence at the first open house on Saturday May 22, from 9-12 and again on Sunday from 9-12. Accompanied showings and appointments are required. Tenants are tenant at will and would like to remain. Offers due Tuesday, May 25th by 5pm.

Last Agent to Sell the Property

Amanda Armstrong

Compass Listed on: 05/20/2021

Compass

Co-Listed By

Jeff Hubbard

Engel & Volkers By the Sea License #454007799

Last Buyer's Agent

Mark Ventimiglia

Vadala Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 4,792

Additional Features

  • Property has 1 Level
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Washington Street to left onto Derby Street right onto Maplewood Avenue left onto Cleveland Street
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Gas Water Heater
  • Has Basement: Full
  • MAIN LO: AN4733
  • MAIN SO: C95600
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: Yes
  • Fireplaces: 1
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen)
  • Stories: 3

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone
  • Construction Type: Frame
  • Disclosures: Seller Has Not Lived On The Property. Property Wlll Be Sold "as Is Where Is".There Are 6 Total Parking Spaces Shared With 65 Maplewood Ave Building Mls#72835114
  • Lot Features: Level
  • Waterfront Features: Beach Front, Bay, Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street, Stone/Gravel
  • Total Parking Spaces: 2

Utilities

  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Public School, T-Station
  • HOA Rent Includes: Unit 1(Heat,Gas)

Schools

  • Middle Or Junior School: O'maley

Lot Info

  • LOT SIZE: 5000
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 4791.6
  • Zoning: R-5

Multi Family

  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: N
  • Annual Gross Income: 21600
  • Insurance Expense: 2100
  • Property Net Operating Income: 21600
  • Number Of Units Total: 2
  • Annual Operating Expense: 18050
  • Total Actual Rent: 21600

Tax Info

  • Tax Annual Amount: 4255.72
  • Tax Block: 0015
  • Tax Book Number: 13874
  • Tax Lot: 0000
  • Tax Map Number: 0027
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Figurido Bruce and Seniti-Figurido Maria
Bought by
48-48A Cleveland St
Current Estimated Value
$514,209

Purchase Details

Listed on
May 20, 2021
Closed on
Feb 28, 2022
Sold by
Joseph Scott K Est
Bought by
Pollard Brian J
Seller's Agent
Amanda Armstrong
Compass
Buyer's Agent
Mark Ventimiglia
Vadala Real Estate
List Price
$350,000
Sold Price
$280,000
Premium/Discount to List
-$70,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.50%
Original Mortgage
$280,000
Interest Rate
3.55%
Mortgage Type
Commercial
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
48-48A Cleveland St -- None Available
Pollard Brian J $1,125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pollard Brian J $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $280,000 -20.0% $142 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $350,000 -- $178 / 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 $4,258 $438,100 $124,300 $313,800
2024 $4,177 $429,300 $118,400 $310,900
2023 $4,675 $441,500 $117,500 $324,000
2022 $4,395 $374,700 $102,200 $272,500
2021 $4,256 $342,100 $92,900 $249,200
2020 $4,044 $328,000 $92,900 $235,100
2019 $3,787 $298,400 $92,900 $205,500
2018 $3,556 $275,000 $92,900 $182,100
2017 $3,216 $243,800 $83,700 $160,100
2016 $3,136 $230,400 $83,600 $146,800
2015 $3,085 $226,000 $83,600 $142,400
Source: Public Records

Agents Affiliated with this Home

  • Amanda Armstrong

    Seller's Agent in 2022

    Amanda Armstrong

    Compass

    (978) 879-6322

    9 in this area

    227 Total Sales

    Amanda Armstrong
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jeff Hubbard

    Engel & Volkers By the Sea

  • Mark Ventimiglia

    Buyer's Agent in 2022

    Mark Ventimiglia

    Vadala Real Estate

    (978) 281-1111

    30 in this area

    76 Total Sales

    Mark Ventimiglia
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72835112

MLS Property Information Network (MLS PIN)

APN: GLOU-000027-000015

Massachusetts Essex County Gloucester 01930 Central Gloucester

48 Cleveland St, Gloucester, MA

Not Listed for Sale

MultiFamily

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