NOT LISTED FOR SALE

5 Nikolane Way Gloucester, MA 01930

Estimated Value: $612,000 - $758,000

1 Bed
1 Bath
864 Sq Ft
$782/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $613,000 $709 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,909/month

7 Days on Market

Highlights

  • Marina
  • Medical Services
  • Property is near public transit and schools
  • Ocean View
  • Deck
  • Raised Ranch Architecture

About This Home

As of June 2024

A rough-cut gem in the heart of Lanesville village, just steps from the ocean with deeded private right of way to water. A raised ranch over a spacious three-car garage, this one bedroom, one bath home features a quiet fenced-in yard and decks with partial sea view. With its prime location, the property is a rare opportunity to get into the best part of one of Gloucester's most prized communities with private access for swimming, kayaking or paddleboarding. Whether you are looking to renovate and realize your dream house, or seeking an investment property with certain return, this home will shine brightly with a little shaping and polish and generate a handsome personal or financial reward.

Last Agent to Sell the Property

Amanda Armstrong

Compass Listed on: 05/28/2024

Compass

Last Buyer's Agent

Patty Knaggs

RE/MAX Beacon

RE/MAX Beacon

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,975

Year Built

  • Built in 1983

Lot Details

  • 6,000 Sq Ft Lot
  • Street terminates at a dead end
  • Fenced Yard
  • Level Lot
  • Garden
  • Property is zoned R-20

Parking

  • 3 Car Attached Garage
  • Tuck Under Parking
  • Parking Storage or Cabinetry
  • Heated Garage
  • Workshop in Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • Open Parking
  • Off-Street Parking

Property Views

  • Ocean
  • Scenic Vista

Home Design

  • Raised Ranch Architecture
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 864 Sq Ft Home
  • Central Vacuum
  • Ceiling Fan
  • Decorative Lighting
  • Light Fixtures
  • 1 Fireplace
  • Insulated Windows
  • Picture Window
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Exterior Basement Entry
  • Attic Access Panel

Kitchen

  • Range with Range Hood
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary bedroom located on second floor
  • Dual Closets
  • 1 Full Bathroom
  • Bathtub with Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Sink Near Laundry

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Deck
  • Rain Gutters

Schools

  • Plum Cove Elementary School
  • O'maley Middle School
  • GHS High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • 1 Heating Zone
  • Heating System Uses Oil
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • 200+ Amp Service
  • Water Treatment System
  • Private Sewer
  • Cable TV Available

Additional Features

  • Whole House Vacuum System
  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number M:0144 B:0061 L:0000,1900897

Community Details

Overview

  • No Home Owners Association
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,975

Year Built

Built in 1983

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Raised Ranch
  • Year Built: 1983
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Interior Amenities: Central Vacuum
  • Door Features: Insulated Doors
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Dishwasher, Washer, Dryer, Water Treatment, ENERGY STAR Qualified Refrigerator, Vacuum System, Range Hood
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Window(s) - Picture, Attic Access
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Window(s) - Picture, Lighting - Pendant
  • Bathroom 1 Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Window(s) - Picture, Lighting - Pendant
  • Laundry Features: Electric Dryer Hookup, Exterior Access, Washer Hookup, Lighting - Overhead, Sink, First Floor
  • Room Living Room Level: Second
  • Room Living Room Features: Wood / Coal / Pellet Stove, Ceiling Fan(s), Window(s) - Picture, Balcony / Deck, Cable Hookup, Exterior Access, Slider, Lighting - Overhead, Closet - Double
  • Accessibility Features: No
  • Living Area: 864
  • Spa YN: No
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN2383
  • MAIN SO: AN8171
  • Insulation: Full

Exterior Features

  • Exterior Features: Deck, Rain Gutters, Screens, Fenced Yard, Garden
  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Dead End
  • Road Surface Type: Paved
  • Roof: Shingle
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front, Beach Access, Ocean, Sound, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage Spaces: 3
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Attached, Under, Garage Door Opener, Heated Garage, Storage, Workshop in Garage, Garage Faces Side, Oversized, Paved Drive, Off Street, Driveway, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Private Sewer
  • Cooling: Wall Unit(s), Ductless
  • Heating: Baseboard, Oil
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0144 B:0061 L:0000,1900897
  • Zoning: R-20
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6000
  • Lot Size Units: Acres
  • Property Attached YN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4975

Multi Family

  • Basement Included Sq Ft: No
  • Waterview: Ocean, Public, Walk to

MLS Schools

  • High School: Ghs
  • Elementary School: Plum Cove
  • Middle Or Junior School: O'maley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Jun 25, 2024
Sold by
Patricia J Ryan Ft and Ryan
Bought by
Glidden William T and Glidden Melvin Marlee
Seller's Agent
Amanda Armstrong
Compass
Buyer's Agent
Patty Knaggs
RE/MAX Beacon
List Price
$579,000
Sold Price
$613,000
Premium/Discount to List
$34,000
5.87%
Views
43
Current Estimated Value
$669,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,746
Avg. Annual Appreciation
6.50%
Original Mortgage
$513,000
Outstanding Balance
$505,996
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$169,453

Purchase Details

Closed on
Jun 8, 2023
Sold by
Ryan Denise L
Bought by
Patricia J Ryan Ft 2023 and Ryan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Glidden William T $613,000 None Available
Patricia J Ryan Ft 2023 -- None Available
Patricia J Ryan Ft 2023 -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glidden William T $513,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $613,000 +5.9% $709 / Sq Ft
06/05/2024 06/05/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $579,000 -- $670 / 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 $4,886 $502,700 $208,800 $293,900
2024 $4,975 $511,300 $198,900 $312,400
2023 $4,705 $444,300 $177,600 $266,700
2022 $4,394 $374,600 $151,000 $223,600
2021 $4,296 $345,300 $137,200 $208,100
2020 $4,038 $327,500 $137,200 $190,300
2019 $4,044 $318,700 $137,200 $181,500
2018 $3,826 $295,900 $137,200 $158,700
2017 $3,646 $276,400 $130,700 $145,700
2016 $3,619 $265,900 $131,200 $134,700
2015 $3,482 $255,100 $131,200 $123,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73243372

MLS Property Information Network (MLS PIN)

APN: GLOU-000144-000061