$265,000
SOLD JUL 29, 2014

5 Pirates Ln Unit 12 Gloucester, MA 01930

East Gloucester Neighborhood
1 Bed
1 Bath
590 Sq Ft
1890 Built

Recently Sold

$449 Per Sq Ft

8% Below List Price

65 Days on Market

About This Home

As of October 2018

This is a stunning location on historic Reeds Warf. Spectacular views of harbor and Smith Cove. Spend the day at Niles Beach or Good Harbor. Stroll to Rocky Neck Artist Colony, Gloucester Stage Company and stop into one of the many first class restaurants on the North Shore. This is a spacious Studio with an extra loft area for sleeping or guests. It boasts lots of storage and everything you need to enjoy simple Glousta living at its best. Enjoy the glorious sun sets on your deck. The bonus is an ample fenced in yard and garden area for entertaining and BBQ's. Enjoy the "other" Cape -- with little traffic and easy get-a-way from the hustle and bustle of city life. You can enjoy this as a simple oasis to escape to no matter where you live. This is living!

Last Agent to Sell the Property

Jan Pellegrini

Keller Williams Realty Evolution Listed on: 05/04/2014

Keller Williams Realty Evolution

Last Buyer's Agent

Christine Grammas

J. Barrett & Company

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,966

Year Built

1890

Lot Details

0

Listing Details

  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1890

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 3
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Flooring: Wall to Wall Carpet, Hardwood, Stone / Slate
  • Interior Amenities: Cable Available
  • Bathroom #1: First Floor
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Dining Room: First Floor

Exterior Features

  • Waterfront Property: Yes
  • Construction: Frame
  • Exterior: Wood
  • Exterior Unit Features: Deck, Fenced Yard, Garden Area, Screens, Gutters

Garage/Parking

  • Parking: Off-Street, Common, Guest
  • Parking Spaces: 2

Utilities

  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Tank
  • Utility Connections: for Electric Range, for Electric Oven

Condo/Co-op/Association

  • Condominium Name: Pirates Lane Condominium Association
  • Association Fee Includes: Master Insurance, Laundry Facilities, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage, Refuse Removal, Garden Area
  • Management: Professional - Off Site
  • No Units: 15
  • Unit Building: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2018
Closed on
Oct 30, 2018
Sold by
Abel Harvey J and Abel Robin C
Bought by
Alvarado Fayemarie
Seller's Agent
Richard Petralia
Churchill Properties
Buyer's Agent
Kelli Gilbride
List Price
$318,000
Sold Price
$303,000
Premium/Discount to List
-$15,000
-4.72%
Current Estimated Value
$496,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,916
Avg. Annual Appreciation
7.41%
Original Mortgage
$103,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 1, 2016
Closed on
Mar 24, 2016
Sold by
Harding Elisabeth
Bought by
Abel Robin C
Seller's Agent
The Mitchell Team
Keller Williams Realty Evolution
Buyer's Agent
Non Member
Non Member Office
List Price
$295,000
Sold Price
$283,000
Premium/Discount to List
-$12,000
-4.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.66%

Purchase Details

Listed on
May 4, 2014
Closed on
Jul 29, 2014
Sold by
Helen Burke Lynch Ret
Bought by
Harding Elisabeth
Seller's Agent
Jan Pellegrini
Keller Williams Realty Evolution
Buyer's Agent
Christine Grammas
J. Barrett & Company
List Price
$289,000
Sold Price
$265,000
Premium/Discount to List
-$24,000
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.06%
Original Mortgage
$212,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2000
Sold by
Coffee Elaine G
Bought by
Lynch Leo A and Burke-Lynch Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
8.59%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $303,000 --
Not Resolvable $283,000 --
Not Resolvable $265,000 --
Deed $178,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $105,500 Stand Alone Refi Refinance Of Original Loan
Closed $103,000 New Conventional
Previous Owner $212,000 New Conventional
Previous Owner $142,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2018 10/30/18 Sold $303,000 -1.6% $514 / Sq Ft
09/19/2018 09/19/18 Pending -- -- --
08/08/2018 08/08/18 Price Changed $308,000 -3.1% $522 / Sq Ft
07/03/2018 07/03/18 For Sale $318,000 +12.4% $539 / Sq Ft
03/24/2016 03/24/16 Sold $283,000 -4.1% $480 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $295,000 +11.3% $500 / Sq Ft
07/29/2014 07/29/14 Sold $265,000 0.0% $449 / Sq Ft
07/08/2014 07/08/14 Pending -- -- --
06/19/2014 06/19/14 Off Market $265,000 -- --
05/04/2014 05/04/14 For Sale $289,000 -- $490 / 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 $3,966 $407,600 $0 $407,600
2024 $3,966 $407,600 $0 $407,600
2023 $3,800 $358,800 $0 $358,800
2022 $3,808 $324,600 $0 $324,600
2021 $3,794 $305,000 $0 $305,000
2020 $3,761 $305,000 $0 $305,000
2019 $3,924 $309,200 $0 $309,200
2018 $3,698 $286,000 $0 $286,000
2017 $3,458 $262,200 $0 $262,200
2016 $3,241 $238,100 $0 $238,100
2015 $3,122 $228,700 $0 $228,700
Source: Public Records

Agents Affiliated with this Home

  • Richard Petralia

    Seller's Agent in 2018

    Richard Petralia

    Churchill Properties

    (978) 239-6207

    12 Total Sales

    Richard Petralia
    Section Image
  • Kelli Gilbride

    Buyer's Agent in 2018

    Kelli Gilbride

    (978) 866-2174

    153 Total Sales

    Kelli Gilbride
    Section Image
  • The Mitchell Team

    Seller's Agent in 2016

    The Mitchell Team

    Keller Williams Realty Evolution

    (978) 314-2955

    73 Total Sales

    The Mitchell Team
    Section Image

  • N

    Buyer's Agent in 2016

    Non Member

    Non Member Office

  • Jan Pellegrini

    Seller's Agent in 2014

    Jan Pellegrini

    Keller Williams Realty Evolution

    (978) 810-0916

    3 in this area

    66 Total Sales

    Jan Pellegrini
    Section Image
  • Christine Grammas

    Buyer's Agent in 2014

    Christine Grammas

    J. Barrett & Company

    (978) 375-9934

    33 Total Sales

    Christine Grammas
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71674770

MLS Property Information Network (MLS PIN)

APN: GLOU-000063-000044-000012

Massachusetts Essex County Gloucester 01930 East Gloucester

5 Pirates Ln Unit 12, Gloucester, MA

This home is located at 5 Pirates Ln Unit 12, Gloucester, MA 01930 and is currently priced at $265,000, approximately $449 per square foot. This property was built in 1890. 5 Pirates Ln Unit 12 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) 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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