NOT LISTED FOR SALE

Estimated Value: $666,000 - $895,000

6 Beds
3 Baths
2,985 Sq Ft
$272/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $797,000 $267 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,828/month

5 Days on Market

Highlights

  • Sun or Florida Room
  • 4-minute walk to Gloucester
  • Combination Dining and Living Room
  • Home Office
  • Tandem Parking
  • Heating System Uses Natural Gas

About This Home

As of March 2024

Cute three family! Welcome home to Gloucester! Located 1 block from Gloucester train station, and .05 miles to the Boulevard. Two separate buildings gives you versatile living space. Great owner occupied. Rooms are spacious and there is basement storage. Rents are below market. All tenants are at will. Unit 1, stand alone single-family brown house, has updated kitchen and cabinets. Unit 2, at street level of white house- updated kitchen, bathroom and spray foam insulation. Attic and basement storage with wraparound porch. Unit 3, has updated kitchen, private patio. Unit 3 Vacant as of March 1. All units have updated electrical and their own Laundry. All separate utilities. Off street parking for 5+ cars. Close proximity to Rt. 128 and public transportation, as well as Gloucester's famous restaurant and music scene. Could this be your someplace special?

Last Agent to Sell the Property

Nathan Seavey

Leading Edge Real Estate Listed on: 01/24/2024

Last Buyer's Agent

Jonathan Mathews

Legacy Realty Advisors LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,680

Year Built

  • Built in 1900

Lot Details

  • 5,386 Sq Ft Lot

Home Design

  • Stone Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,985 Sq Ft Home
  • Combination Dining and Living Room
  • Home Office
  • Sun or Florida Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • Tandem Parking
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Separate Meters
  • 200+ Amp Service

Listing and Financial Details

  • Total Actual Rent $3,750
  • Assessor Parcel Number M:0017 B:0078 L:0000,1894390

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Building Details

  • Net Operating Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,680

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Interior Amenities: Living Room, Dining Room, Kitchen, Laundry Room, Office/Den, Sunroom, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 2985
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AN4643
  • MAIN SO: BB5522

Exterior Features

  • Foundation Details: Concrete Perimeter, Stone
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Shared Driveway, Off Street, Tandem
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Heating: Oil, Natural Gas, Electric
  • Electric: Circuit Breakers, 200+ Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0017 B:0078 L:0000,1894390
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5386
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6680

Multi Family

  • Net Operating Income: 17400
  • Number Of Units Total: 3
  • Total Actual Rent: 3750
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2009
Sold by
Doyle Carlton L and Parisi Linn M
Bought by
5 Wells Street Rt and Parisi
Current Estimated Value
$810,511
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
5 Wells Street Rt -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 Sold $797,000 +7.8% $267 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $739,000 -- $248 / 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 $6,762 $695,700 $140,600 $555,100
2024 $6,680 $686,500 $133,900 $552,600
2023 $6,639 $626,900 $119,600 $507,300
2022 $6,320 $538,800 $104,000 $434,800
2021 $6,104 $490,700 $94,500 $396,200
2020 $5,885 $477,300 $94,500 $382,800
2019 $5,480 $431,800 $94,500 $337,300
2018 $5,137 $397,300 $94,500 $302,800
2017 $4,875 $369,600 $85,100 $284,500
2016 $4,670 $343,100 $85,100 $258,000
2015 $4,487 $328,700 $85,100 $243,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73196214

MLS Property Information Network (MLS PIN)

APN: GLOU-000017-000078