NOT LISTED FOR SALE

Estimated Value: $695,000 - $958,000

5 Beds
3 Baths
1,946 Sq Ft
$419/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2024

Last sale price $840,000 $432 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,785 / mo

14 Days on Market

Highlights

  • Marina
  • Property is near public transit and schools
  • 3 Fireplaces
  • Deck
  • Wood Flooring
  • 1-minute walk to Benjamin Smith Playground at Cripple Cove

About This Home

As of August 2024

CANCELLED OPEN HOUSE, offer accepted. Located at the entrance of picturesque East Gloucester is our newest listing. This quintessential New England home comes with 5BR, 3BA in this 3-unit property. A fantastic investment opportunity - Take your pick of the unit that appeals to you & rent out the others for additional income. Or a great option for multi-generational families that want relatives close by while having their own private space. This home is surrounded by beautiful perennial gardens that have been lovingly cared for & quaint backyard. Sit out on the deck under the covered patio, or beneath the maple tree in your backyard while you soak in the salty air & ocean breeze that Cape Ann is known for. This home comes with solar panels installed & owned by the current homeowner. A separate parking area is also included on the same deed as 1 Wall St.

Last Agent to Sell the Property

Jennifer Anderson

RE/MAX Beacon Listed on: 06/20/2024

RE/MAX Beacon

Last Buyer's Agent

William Brady

Keller Williams Realty Boston Northwest

Keller Williams Realty Boston Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,173

Year Built

  • Built in 1840

Lot Details

  • 6,960

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 1,946 Sq Ft Home
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Living Room

Kitchen

  • Oven
  • Range
  • Microwave
  • Solid Surface Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio

Schools

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

Additional Features

  • Energy-Efficient Thermostat
  • 6,960 Sq Ft Lot
  • Property is near public transit and schools
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 1896649

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops

Recreation

  • Marina
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,173

Year Built

Built in 1840

Lot Details

6,960 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1840
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Laminate
  • Interior Amenities: Stone/Granite/Solid Counters, Living Room, Kitchen
  • Fireplace Features: Gas, Wood Burning
  • Fireplace YN: Yes
  • Fireplaces: 3
  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer, Oven
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Living Area: 1946
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN8171
  • MAIN SO: BB3298

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, 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, Off Street, Other
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

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

Lot Info

  • Parcel Number: 1896649
  • Zoning: R-5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6960
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5173

Multi Family

  • Number Of Units Total: 3
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Aug 15, 2024
Sold by
Bought by
Seller's Agent
Jennifer Anderson
RE/MAX Beacon
Buyer's Agent
William Brady
Keller Williams Realty Boston Northwest
List Price
$850,000
Sold Price
$840,000
Premium/Discount to List
-$10,000
-1.18%
Views
67
Current Estimated Value
$815,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,479
Avg. Annual Appreciation
-1.64%
Original Mortgage
$710,000
Outstanding Balance
$698,231
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$117,290

Purchase Details

Closed on
Jul 29, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 21, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 1994
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$840,000 None Available
$335,000 --
$335,000 --
$335,000 --
$110,210 --
$110,210 --
$110,210 --
$110,210 --
$110,210 --
$110,463 --
$110,463 --
$100,000 --
$100,000 --
$100,000 --
$100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $710,000
Previous Owner $15,000
Previous Owner $37,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Sold $840,000 -1.2% $432 / Sq Ft
07/05/2024 07/05/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $850,000 -- $437 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,486 $564,400 $150,400 $414,000
2024 $5,126 $526,800 $143,300 $383,500
2023 $5,309 $501,300 $127,900 $373,400
2022 $4,832 $411,900 $111,300 $300,600
2021 $4,681 $376,300 $101,100 $275,200
2020 $4,087 $331,500 $101,100 $230,400
2019 $3,844 $302,900 $101,100 $201,800
2018 $3,624 $280,300 $101,100 $179,200
2017 $3,476 $263,500 $96,300 $167,200
2016 $3,722 $273,500 $100,500 $173,000
2015 $3,662 $268,300 $100,500 $167,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73255175

MLS Property Information Network (MLS PIN)

APN: GLOU-000054-000075

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