NOT LISTED FOR SALE

5 Eastern Point Rd Gloucester, MA 01930

East Gloucester Neighborhood

Estimated Value: $2,572,000 - $3,492,000

5 Beds
5 Baths
5,528 Sq Ft
$564/Sq Ft Est. Value

Last Sold June 06, 2017

Last sale price $1,500,000 $271 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $19,244/month

8 Days on Market

About This Home

As of June 2017

Your year-round vacation starts here. Wonderful beachfront gambrel overlooking Wonson's Cove on Rocky Neck. This home features an open floor plan oriented to the water. The spacious living room has a large fireplace, the kitchen is well-applianced and overlooks the dining room. French doors lead out to the large deck. The family room has a stone fireplace. Excellent second floor layout with four bedrooms and bonus space, for a fifth bedroom or home office. The lower level features a home gym, wine cellar and abundant storage for outdoor furnishings and beach gear. Lush gardens, stone walls, stream stone walls and a private, sandy beach. Far reaching views of Gloucester Harbor and the Boston skyline. A front row seat to spectacular sunsets. Short stroll to Rocky Neck Art Colony, restaurants, marinas and Gloucester Stage.

Last Agent to Sell the Property

Scott Smith

Coldwell Banker Realty - Manchester Listed on: 04/04/2017

Coldwell Banker Realty - Manchester

Last Buyer's Agent

Deborah Vivian

J. Barrett & Company

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,443

Year Built

1990

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Stream, Scenic View(s)
  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Gambrel /Dutch
  • Lead Paint: Unknown
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1990

Interior Features

  • Has Basement: Yes
  • Fireplaces: 4
  • Primary Bathroom: Yes
  • Number of Rooms: 11
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Conservation Area, Marina, Public School, T-Station
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Insulation: Full
  • Interior Amenities: Cable Available, French Doors
  • Basement: Full, Finished, Interior Access, Bulkhead, Concrete Floor
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Fireplace, Closet - Walk-in, Flooring - Wall to Wall Carpet
  • Dining Room: First Floor
  • Family Room: First Floor
  • No Bedrooms: 5
  • Full Bathrooms: 5
  • Oth1 Room Name: Game Room
  • Oth1 Dscrp: Flooring - Wall to Wall Carpet
  • Oth2 Room Name: Bathroom
  • Oth2 Dscrp: Bathroom - Tiled With Shower Stall
  • Oth3 Room Name: Bathroom
  • Oth3 Dscrp: Bathroom - Full, Flooring - Stone/Ceramic Tile
  • Oth4 Room Name: Exercise Room
  • Main Lo: K95001
  • Main So: C95243
  • Estimated Sq Ft: 5528.00

Exterior Features

  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Clapboard, Stone
  • Exterior Features: Deck, Patio, Gutters, Professional Landscaping, Screens, Fenced Yard, Garden Area, Stone Wall
  • Foundation: Poured Concrete
  • Waterfront: Harbor, Direct Access
  • Beach Ownership: Private
  • Waterview Flag: Yes

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 3

Utilities

  • Heat Zones: 7
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Schools

  • Elementary School: East Gloucester
  • Middle School: O'maley
  • High School: Gloucester

Lot Info

  • Zoning: R-30
  • Acre: 0.21
  • Lot Size: 9320.00

Multi Family

  • Waterview: Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2017
Closed on
Jun 6, 2017
Sold by
Ouellette Timothy J and Ouellette Anne T
Bought by
Brooke John F
Seller's Agent
Scott Smith
Coldwell Banker Realty - Manchester
Buyer's Agent
Deborah Vivian
J. Barrett & Company
List Price
$1,575,000
Sold Price
$1,500,000
Premium/Discount to List
-$75,000
-4.76%
Current Estimated Value
$3,115,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,615,673
Avg. Annual Appreciation
9.44%
Original Mortgage
$750,000
Outstanding Balance
$401,253
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,714,420

Purchase Details

Closed on
Dec 19, 2003
Sold by
Eastern Point 5 Rt
Bought by
Ouellette Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,500
Interest Rate
5.96%
Source: Public Records

Range of Values:

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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
Brooke John F $1,500,000 --
Ouellette Timothy J $1,425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooke John F $750,000
Previous Owner Ouellette Anne T $78,000
Previous Owner Ouellette Timothy J $11,861
Previous Owner Ouellette Timothy J $200,000
Previous Owner Ouellette Timothy J $997,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2017 06/06/17 Sold $1,500,000 -4.8% $271 / Sq Ft
04/12/2017 04/12/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $1,575,000 -- $285 / 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 $24,443 $2,512,100 $923,900 $1,588,200
2024 $24,443 $2,512,100 $923,900 $1,588,200
2023 $23,035 $2,175,200 $788,300 $1,386,900
2022 $22,288 $1,900,100 $685,700 $1,214,400
2021 $20,908 $1,680,700 $623,200 $1,057,500
2020 $21,109 $1,712,000 $623,200 $1,088,800
2019 $20,065 $1,581,200 $594,200 $987,000
2018 $19,689 $1,522,700 $579,700 $943,000
2017 $19,079 $1,446,500 $552,500 $894,000
2016 $17,811 $1,308,700 $528,000 $780,700
2015 $16,880 $1,236,600 $516,000 $720,600
Source: Public Records

Agents Affiliated with this Home

  • Scott Smith

    Seller's Agent in 2017

    Scott Smith

    Coldwell Banker Realty - Manchester

    (617) 750-2793

    11 in this area

    38 Total Sales

    Scott Smith
    Section Image
  • Deborah Vivian

    Buyer's Agent in 2017

    Deborah Vivian

    J. Barrett & Company

    (978) 836-7451

    1 in this area

    27 Total Sales

    Deborah Vivian
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72141494

MLS Property Information Network (MLS PIN)

APN: GLOU-000131-000019

Massachusetts Essex County Gloucester 01930 East Gloucester

5 Eastern Point Rd, Gloucester, MA

This home is located at 5 Eastern Point Rd, Gloucester, MA 01930 since 04 April 2017 and is currently estimated at $3,115,673, approximately $563 per square foot. This property was built in 1990. 5 Eastern Point Rd is a home located in Essex County with nearby schools including East Gloucester Elementary School, Ralph B O'maley Middle School, and Gloucester High School.

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