$408,000 - $502,000
RENTED JAN 7, 2025

54 Summer St Unit 4 Gloucester, MA 01930

Central Gloucester Neighborhood
2 Beds
1 Bath
937 Sq Ft
$480 Price per Sq Ft

Last Sold October 16, 2020

Last sale price $320,000 $342 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,786/month

About This Home

As of October 2020

SHORT TERM RENTAL OFFERED FROM NOW UNTIL 5/31/2025.Beautiful, top floor 2 bed 1 bath apartment just off of Main Street and Gloucester Harbor! Enter the unit from a back deck with great views of Gloucester/the ocean and be greeted by a spacious bedroom which leads into the main room. Mian room is open floor and includes living area with gas fireplace, kitchen with dishwasher, in unit laundry, fridge, and stove with oven. Just off the main room is another spacious bedroom and an updated bathroom. Pets are allowed on a case by case basis. Tenants pay for all utilities. First months rent, one months rent security deposit, and one months rent broker fee due at lease signing. Available for move in now!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Oct 15, 2020
Sold by
Burke Darren and Burke Megan
Bought by
Murphy Jason
Seller's Agent
Karin Gitto
Bancroft Realty Group
Buyer's Agent
Paul Cervone
Lamacchia Realty, Inc.
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%
Current Estimated Value
$449,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,498
Avg. Annual Appreciation
7.70%
Original Mortgage
$288,000
Outstanding Balance
$259,038
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$190,460

Purchase Details

Listed on
Jun 20, 2013
Closed on
May 30, 2014
Sold by
Saginario David A
Bought by
Nyland Megan and Burke Darren
Seller's Agent
Ann Olivo
J. Barrett & Company
Buyer's Agent
Mimi Smith
J. Barrett & Company
List Price
$185,000
Sold Price
$155,000
Premium/Discount to List
-$30,000
-16.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.01%
Original Mortgage
$147,250
Interest Rate
4.26%
Mortgage Type
New Conventional

Range of Values:

Collateral Analytics

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ICE

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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 Buyer Sale Price Title Company
Murphy Jason $320,000 None Available
Nyland Megan $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murphy Jason $288,000
Previous Owner Burke Darren $145,000
Previous Owner Nyland Megan $147,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2025 01/07/25 Rented $2,100 0.0% --
01/03/2025 01/03/25 Under Contract -- -- --
11/05/2024 11/05/24 For Rent $2,100 0.0% --
11/30/2023 11/30/23 Rented $2,100 0.0% --
11/29/2023 11/29/23 Under Contract -- -- --
11/08/2023 11/08/23 For Rent $2,100 -4.5% --
03/12/2023 03/12/23 Rented $2,200 0.0% --
12/15/2022 12/15/22 For Rent $2,200 +11.4% --
01/10/2022 01/10/22 Rented -- -- --
12/14/2021 12/14/21 For Rent $1,975 +6.8% --
03/04/2021 03/04/21 Rented $1,850 0.0% --
03/03/2021 03/03/21 Under Contract -- -- --
02/19/2021 02/19/21 For Rent $1,850 0.0% --
10/16/2020 10/16/20 Sold $320,000 -1.5% $247 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $325,000 +109.7% $250 / Sq Ft
05/30/2014 05/30/14 Sold $155,000 0.0% $165 / Sq Ft
04/14/2014 04/14/14 Pending -- -- --
03/31/2014 03/31/14 Off Market $155,000 -- --
12/23/2013 12/23/13 For Sale $185,000 +19.4% $197 / Sq Ft
12/20/2013 12/20/13 Off Market $155,000 -- --
11/21/2013 11/21/13 Price Changed $185,000 -5.1% $197 / Sq Ft
09/06/2013 09/06/13 Price Changed $195,000 -11.0% $208 / Sq Ft
06/20/2013 06/20/13 For Sale $219,000 -- $234 / Sq Ft

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 $3,381 $347,500 $0 $347,500
2024 $3,381 $347,500 $0 $347,500
2023 $3,238 $305,800 $0 $305,800
2022 $3,246 $276,700 $0 $276,700
2021 $2,661 $213,900 $0 $213,900
2020 $2,637 $213,900 $0 $213,900
2019 $2,511 $197,900 $0 $197,900
2018 $2,367 $183,100 $0 $183,100
2017 $2,234 $169,400 $0 $169,400
2016 $2,119 $155,700 $0 $155,700
2015 $2,491 $182,500 $0 $182,500
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Edward Palo

    Lamacchia Realty, Inc.

    (781) 786-8080

    3 Total Sales

    Edward Palo
    Section Image
  • Paul Cervone

    Seller's Agent in 2023

    Paul Cervone

    Lamacchia Realty, Inc.

    (781) 272-5665

    1 in this area

    209 Total Sales

    Paul Cervone
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member Office

  • Colleen Robitaille

    Buyer's Agent in 2022

    Colleen Robitaille

    Lamacchia Realty, Inc.

    (781) 727-4755

    Section Image
  • Karin Gitto

    Seller's Agent in 2020

    Karin Gitto

    Bancroft Realty Group

    (978) 979-7181

    3 in this area

    25 Total Sales

    Karin Gitto
    Section Image
  • Ann Olivo

    Seller's Agent in 2014

    Ann Olivo

    J. Barrett & Company

    (508) 942-4323

    15 in this area

    85 Total Sales

    Ann Olivo
    Section Image
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Map

Massachusetts Essex County Gloucester 01930 Central Gloucester

54 Summer St Unit 4, Gloucester, MA

Homes for Sale in Gloucester, MA

This home is located at 54 Summer St Unit 4, Gloucester, MA 01930 and is currently estimated at $449,498, approximately $479 per square foot. 54 Summer St Unit 4 is a home located in Essex County with nearby schools including Beeman Memorial, 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.

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