NOT LISTED FOR SALE

Estimated Value: $444,000 - $600,000

4 Beds
2 Baths
1,538 Sq Ft
$350/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $555,000 $361 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,163/month

6 Days on Market

Highlights

  • Property is near public transit
  • Living Room
  • Carpet
  • Home Office
  • Shops
  • Heating System Uses Natural Gas

About This Home

As of July 2024

A Two-Family home on the cusp of East and Central Gloucester is new to the market! Close to downtown with easy access to Route 128. Each unit has a private entrance with 2 beds and 1 bath, a kitchen, and in-unit laundry. This 2-unit property is a fabulous option for someone looking to live in one and rent the other. Or it’s a fantastic rental investment opportunity. A fabulous location within walking distance to downtown and right around the corner from East Veterans Elementary School. Unit 1 is vacant, Unit 2 tenant would like to stay. Showings start at Open House Friday, May 17, 4:00-6:00

Last Agent to Sell the Property

Jennifer Anderson

RE/MAX Beacon Listed on: 05/15/2024

RE/MAX Beacon

Last Buyer's Agent

Heather Dagle

RE/MAX Beacon

RE/MAX Beacon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,075

Year Built

  • Built in 1900

Lot Details

  • 2,252

Home Design

  • Brick Foundation
  • Shingle Roof

Interior Spaces

  • 1,538 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Home Office
  • Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Schools

  • East Veterans Elementary School
  • O'maley Middle School
  • GHS High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Additional Features

  • Bulkhead
  • 2,252 Sq Ft Lot

Community Details

  • 2 Units
  • Shops
  • Net Operating Income $21,600

Listing and Financial Details

  • Total Actual Rent $1,800
  • Assessor Parcel Number 1896397

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,075

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet, Laminate
  • Interior Amenities: Living Room, Kitchen, Office/Den
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Washer, Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full, Interior Entry, Bulkhead
  • Living Area: 1538
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN8171
  • MAIN SO: C95243

Exterior Features

  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Natural Gas
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1896397
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2252
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4075

Multi Family

  • Net Operating Income: 21600
  • Number Of Units Total: 2
  • Total Actual Rent: 1800
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Ghs
  • Elementary School: East Veterans
  • Middle Or Junior School: O'maley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jul 26, 2024
Sold by
Parisi 2Nd Salvatore C Es and Wood
Bought by
Hammet Caleb D
Seller's Agent
Jennifer Anderson
RE/MAX Beacon
Buyer's Agent
Heather Dagle
RE/MAX Beacon
List Price
$550,000
Sold Price
$555,000
Premium/Discount to List
$5,000
0.91%
Views
61
Current Estimated Value
$537,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,226
Avg. Annual Appreciation
-2.21%
Original Mortgage
$444,000
Outstanding Balance
$438,258
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$99,516

Purchase Details

Closed on
Apr 11, 2007
Sold by
Parisi Salvatore C
Bought by
Parisi Salvatore C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2003
Sold by
Guerin Elizabeth P and Guerin Gilbert B
Bought by
Parisi Salvatore

Purchase Details

Closed on
Sep 21, 1988
Sold by
Ricci Louis
Bought by
Guerin Gilbert

Purchase Details

Closed on
May 29, 1987
Sold by
Tucker Theresa I
Bought by
Ricci Louis
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hammet Caleb D $555,000 None Available
Hammet Caleb D $555,000 None Available
Parisi Salvatore C -- --
Parisi Salvatore C -- --
Parisi Salvatore $246,000 --
Parisi Salvatore $246,000 --
Guerin Gilbert $132,000 --
Ricci Louis $129,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammet Caleb D $444,000
Closed Hammet Caleb D $444,000
Previous Owner Ricci Louis $243,000
Previous Owner Ricci Louis $262,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2024 07/29/24 Sold $555,000 +0.9% $361 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $550,000 -- $358 / 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 $4,153 $427,300 $119,800 $307,500
2024 $4,075 $418,800 $114,100 $304,700
2023 $4,258 $402,100 $101,900 $300,200
2022 $4,005 $341,400 $88,600 $252,800
2021 $3,879 $311,800 $80,500 $231,300
2020 $3,685 $298,900 $80,500 $218,400
2019 $3,447 $271,600 $80,500 $191,100
2018 $3,234 $250,100 $80,500 $169,600
2017 $3,042 $230,600 $72,500 $158,100
2016 $2,975 $218,600 $72,500 $146,100
2015 $2,925 $214,300 $72,500 $141,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73238591

MLS Property Information Network (MLS PIN)

APN: GLOU-000051-000005