Seller's Agent in 2022
Gail Luchini
Keller Williams Realty Evolution
(978) 697-8830
1 in this area
124 Total Sales
48 Englewood Rd Gloucester, MA 01930
Magnolia NeighborhoodEstimated Value: $886,000 - $961,000
4
Beds
4
Baths
2,452
Sq Ft
$379/Sq Ft
Est. Value
Highlights
- Marina
- Deck
- Wooded Lot
- Spa
- Property is near public transit
- Wood Flooring
About This Home
As of September 2022Incredible opportunity to own this multi unit home - essentially two single family homes attached by only a deck in the sweet seaside community of Magnolia! The open concept owners unit built in 2004 consists of a spacious and airy kitchen/living space with a beautiful wood cathedral ceiling with transom windows & double slider to an expansive deck. The oversized full bath has a Jacuzzi tub, separate shower and laundry. Enjoy the oversized 2 car garage under with loads of storage! So much potential in the front ranch house that boasts an updated kitchen, 3 very good sized bedrooms – including a master bedroom with a master bath and a wood burning fireplace!! Separate laundry room, large front deck, full walk out basement with additional finished sq ft, new roof (2020) and 2 car garage area that was converted to storage. NEW septic in 2019! Walk to Magnolia Beach, Kettle Cove and Magnolia Center! Showings at Open Houses Thurs, 7/14, 4-5:30pm and Sat & Sun, 7/16 & 7/17 from 10-11am
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,879
Year Built
- Built in 1962 | Remodeled
Lot Details
- 23,000 Sq Ft Lot
- Street terminates at a dead end
- Irregular Lot
- Wooded Lot
Parking
- 2 Car Garage
- Shared Driveway
- Open Parking
- Off-Street Parking
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,452 Sq Ft Home
- Property has 2 Levels
- Wood Burning Fireplace
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry Room
- Washer
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Spa
- Deck
Location
- Property is near public transit
Utilities
- No Cooling
- 4 Heating Zones
- Heating Available
- Private Sewer
Listing and Financial Details
- Total Actual Rent $3,000
- Rent includes unit 1(electric)
- Assessor Parcel Number M:0172 B:0017 L:0000,1902182
Community Details
Overview
- 2 Units
- Near Conservation Area
Recreation
- Marina
- Park
- Jogging Path
- Bike Trail
Additional Features
- Shops
- Net Operating Income $36,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2022
Closed on
Sep 9, 2022
Sold by
Dunbar John and Dunbar Rosalind J
Bought by
Stpeter Jeffrey and Stpeter Tayla G
Seller's Agent
Gail Luchini
Keller Williams Realty Evolution
Buyer's Agent
Ruth Pino
RE/MAX Beacon
List Price
$750,000
Sold Price
$805,000
Premium/Discount to List
$55,000
7.33%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,929
Avg. Annual Appreciation
3.99%
Original Mortgage
$755,000
Outstanding Balance
$714,470
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$214,459
Purchase Details
Closed on
Aug 30, 2016
Sold by
Springwater Realty Llc
Bought by
Dunbar John and Dunbar Rosalind J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,675
Interest Rate
3.42%
Mortgage Type
VA
Purchase Details
Closed on
Aug 14, 2014
Sold by
Favazza Katrina
Bought by
Springwater Realty Llc
Purchase Details
Closed on
Jul 19, 2010
Sold by
Favazza Stephen and Favazza Katrina M
Bought by
Favazza Katrina
Purchase Details
Closed on
Mar 3, 2004
Sold by
Dunbar John and Dunbar Rosalind J
Bought by
Favazza Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Stpeter Jeffrey | $805,000 | None Available | |
| Dunbar John | $450,000 | -- | |
| Springwater Realty Llc | $475,000 | -- | |
| Favazza Katrina | -- | -- | |
| Favazza Stephen | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Stpeter Jeffrey | $755,000 | |
| Previous Owner | Dunbar John | $459,675 | |
| Previous Owner | Favazza Stephen | $250,000 | |
| Previous Owner | Favazza Stephen | $61,812 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2022 09/09/22 | Sold | $805,000 | +7.3% | $328 / Sq Ft |
| 07/18/2022 07/18/22 | Pending | -- | -- | -- |
| 07/12/2022 07/12/22 | For Sale | $750,000 | -- | $306 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $7,919 | $814,700 | $291,400 | $523,300 |
| 2024 | $7,791 | $800,700 | $277,400 | $523,300 |
| 2023 | $8,720 | $823,400 | $247,700 | $575,700 |
| 2022 | $7,879 | $671,700 | $210,500 | $461,200 |
| 2021 | $7,621 | $612,600 | $191,400 | $421,200 |
| 2020 | $7,259 | $588,700 | $191,400 | $397,300 |
| 2019 | $6,828 | $538,100 | $191,400 | $346,700 |
| 2018 | $6,442 | $498,200 | $191,400 | $306,800 |
| 2017 | $6,257 | $474,400 | $182,200 | $292,200 |
| 2016 | $6,043 | $444,000 | $182,800 | $261,200 |
| 2015 | $5,951 | $436,000 | $182,800 | $253,200 |
Source: Public Records
Agents Affiliated with this Home
-
Gail Luchini
-
Ruth Pino
Buyer's Agent in 2022
Ruth Pino
RE/MAX
(978) 764-6710
6 in this area
112 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73010963
APN: GLOU-000172-000017
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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