5 Michaels Ln Gloucester, MA 01930
East Gloucester NeighborhoodEstimated Value: $939,000 - $1,014,000
4
Beds
3
Baths
2,478
Sq Ft
$395/Sq Ft
Est. Value
About This Home
As of September 2019Enjoy this charming and unique two-family home majestically located on a quiet side street in beautiful East Gloucester. Featuring original woodwork, vaulted ceilings and bay windows, this home provides sunlight with open concept living space. The larger unit has a master bedroom and bathroom on the first floor as well as two additional bedrooms and one bathroom on the second floor. The second unit features one bedroom and one bathroom, with generous living space and hardwood flooring throughout. Washer/dryer in each unit. Utilities are not separate, but easily could be - or home could easily be converted to a single family with an in-law. Come settle into this charismatic and spacious home, or enjoy the breeze from the nearby harbor on the large wrap around deck. You don't want to miss this gem!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,314
Year Built
- Built in 1974
Lot Details
- 0.59
Parking
- 1 Car Garage
Flooring
- Wood
- Wall to Wall Carpet
Outdoor Features
- Deck
Additional Features
- Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2019
Closed on
Sep 3, 2019
Sold by
Tobey Bruce H and Tobey Patricia W
Bought by
5 Michaels Lane Rt
Seller's Agent
Laura Sawulski
Coldwell Banker Realty - Beverly
Buyer's Agent
Melanie Tobey
Tobey Seaport Properties
List Price
$699,900
Sold Price
$630,000
Premium/Discount to List
-$69,900
-9.99%
Total Days on Market
53
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
$348,622
Avg. Annual Appreciation
8.02%
Original Mortgage
$488,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 22, 2019
Closed on
Aug 6, 2019
Sold by
Budrow Michael H
Bought by
Tobey Bruce H and Tobey Patricia W
Seller's Agent
Laura Sawulski
Coldwell Banker Realty - Beverly
Buyer's Agent
Melanie Tobey
Tobey Seaport Properties
List Price
$699,900
Sold Price
$630,000
Premium/Discount to List
-$69,900
-9.99%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
3.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 19, 2006
Sold by
Mitchell David H and Mitchell Suzanne J
Bought by
Budrow Michael H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
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Similar Home in Gloucester, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 5 Michaels Lane Rt | -- | -- | |
| Tobey Bruce H | $630,000 | -- | |
| Budrow Michael H | $470,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 5 Michaels Lane Rt | $90,000 | |
| Closed | 5 Michaels Lane Rt | $50,000 | |
| Open | 5 Michaels Ln Rt | $530,000 | |
| Closed | Glini Dmimic A | $35,000 | |
| Closed | Tobey Bruce H | $488,000 | |
| Previous Owner | Budrow Michael H | $50,000 | |
| Previous Owner | Budrow Michael H | $190,000 | |
| Previous Owner | Mitchell David H | $200,000 | |
| Previous Owner | Mitchell David H | $50,000 | |
| Previous Owner | Mitchell David H | $170,000 | |
| Previous Owner | Mitchell David H | $50,000 | |
| Previous Owner | Mitchell David H | $22,000 | |
| Previous Owner | Mitchell David H | $200,000 | |
| Previous Owner | Mitchell David H | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2019 09/03/19 | Sold | $630,000 | -9.9% | $254 / Sq Ft |
| 07/14/2019 07/14/19 | Pending | -- | -- | -- |
| 06/06/2019 06/06/19 | Price Changed | $699,000 | -0.1% | $282 / Sq Ft |
| 05/22/2019 05/22/19 | For Sale | $699,900 | -- | $282 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,314 | $854,500 | $279,000 | $575,500 |
| 2024 | $8,314 | $854,500 | $279,000 | $575,500 |
| 2023 | $8,892 | $839,700 | $249,100 | $590,600 |
| 2022 | $8,036 | $685,100 | $211,700 | $473,400 |
| 2021 | $7,392 | $594,200 | $192,500 | $401,700 |
| 2020 | $6,074 | $492,600 | $192,500 | $300,100 |
| 2019 | $5,768 | $454,500 | $192,500 | $262,000 |
| 2018 | $5,487 | $424,400 | $192,500 | $231,900 |
| 2017 | $5,264 | $399,100 | $183,300 | $215,800 |
| 2016 | $5,138 | $377,500 | $183,800 | $193,700 |
| 2015 | $5,072 | $371,600 | $183,800 | $187,800 |
Source: Public Records
Agents Affiliated with this Home
-
Laura Sawulski
L
Seller's Agent in 2019
Laura Sawulski
Coldwell Banker Realty - Beverly
(978) 775-3177
1 in this area
17 Total Sales
-
M
Buyer's Agent in 2019
Melanie Tobey
Tobey Seaport Properties
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72504787
APN: GLOU-000076-000090
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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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