NOT LISTED FOR SALE

55 Eastern Point Blvd Gloucester, MA 01930

East Gloucester Neighborhood

Estimated Value: $5,064,000 - $5,720,000

5 Beds
5 Baths
4,422 Sq Ft
$1,229/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $3,000,000 $678 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $32,106/month

417 Days on Market

About This Home

As of October 2016

Oceanfront estate with unsurpassable views of the Atlantic Ocean and Gloucester Harbor. Ideally situated on a peninsula on just over half an acre, the property includes 170' of frontage on the Atlantic Ocean with direct water access, the very essence of waterfront living.The turn-of-the-century Georgian Revival features seven bedrooms and four and one-half baths with water views from every room in the house. This offering overlooking the Atlantic has a detached two-car garage/boat house, use of the private Braces Cove Beach, and is within walking distance to Eastern Point Yacht Club & Beauport Museum. There is potential for a dock and mooring for the new owners.

Last Agent to Sell the Property

Lanse Robb

LandVest, Inc., Manchester -by-the-Sea Listed on: 06/09/2015

Last Buyer's Agent

Lanse Robb

LandVest, Inc., Manchester -by-the-Sea Listed on: 06/09/2015

Home Details

Home Type

  • Single Family

Year Built

  • 1920

Lot Details

  • 0.51

Utilities

  • Private Sewer

Home Details

Home Type

Single Family

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Wooded, Level
  • Property Type: Single Family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Appliances: Dishwasher, Countertop Range, Refrigerator, Freezer, Washer, Dryer
  • Fireplaces: 1
  • Has Basement: No
  • Fireplaces: 1
  • Number of Rooms: 11
  • Amenities: Public Transportation, Shopping, Tennis Court, Walk/Jog Trails, Bike Path, Highway Access, Marina
  • Flooring: Wood, Tile
  • Insulation: Full
  • Interior Amenities: Security System, Cable Available, Wetbar
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: First Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Dining Room: First Floor
  • Family Room: First Floor
  • Oth1 Room Name: Sun Room
  • Oth2 Room Name: Sitting Room

Exterior Features

  • Waterfront Property: Yes
  • Exterior: Wood
  • Exterior Features: Deck, Patio, Storage Shed, Professional Landscaping
  • Foundation: Fieldstone
  • Waterfront: Ocean, Harbor
  • Beach Ownership: Private, Association
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Detached, Garage Door Opener, Storage, Work Area
  • Garage Spaces: 2
  • Parking: Off-Street
  • Parking Spaces: 8

Utilities

  • Heating: Hot Water Baseboard, Radiant, Gas
  • Sewer: Private Sewerage
  • Water: City/Town Water

Condo/Co-op/Association

  • HOA: Yes

Lot Info

  • Assessor Parcel Number: M:0135 B:0030 L:0000
  • Zoning: R1

Multi Family

  • Foundation: 99999
  • Waterview: Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2015
Closed on
Oct 17, 2016
Sold by
Great Eastern T
Bought by
Klein Anthony R and Klein Sheryl N
Seller's Agent
Lanse Robb
LandVest, Inc., Manchester -by-the-Sea
Buyer's Agent
Lanse Robb
LandVest, Inc., Manchester -by-the-Sea
List Price
$3,850,000
Sold Price
$3,000,000
Premium/Discount to List
-$850,000
-22.08%
Current Estimated Value
$5,436,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,436,164
Avg. Annual Appreciation
6.68%
Original Mortgage
$1,500,000
Outstanding Balance
$1,202,531
Interest Rate
3.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$4,233,633

Purchase Details

Closed on
Aug 1, 2008
Sold by
Ep Grp Llc
Bought by
Great Eastern T

Purchase Details

Closed on
Aug 11, 2000
Sold by
Bell Winnie Fay
Bought by
Ep Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
8.21%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Klein Anthony R $3,000,000 --
Great Eastern T $3,025,000 --
Great Eastern T $3,025,000 --
Ep Group Llc $1,275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klein Anthony R $1,500,000
Previous Owner Ep Group Llc $800,000
Closed Ep Group Llc $1,175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2016 10/18/16 Sold $3,000,000 -9.0% $678 / Sq Ft
07/30/2016 07/30/16 Pending -- -- --
05/25/2016 05/25/16 Price Changed $3,295,000 -5.5% $745 / Sq Ft
09/15/2015 09/15/15 Price Changed $3,485,000 -9.5% $788 / Sq Ft
06/09/2015 06/09/15 For Sale $3,850,000 -- $871 / 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 $43,487 $4,474,000 $3,445,500 $1,028,500
2024 $41,926 $4,308,900 $3,280,400 $1,028,500
2023 $40,360 $3,811,100 $2,799,000 $1,012,100
2022 $40,413 $3,445,300 $2,433,200 $1,012,100
2021 $39,532 $3,177,800 $2,211,700 $966,100
2020 $39,420 $3,197,100 $2,211,700 $985,400
2019 $39,457 $3,109,300 $2,108,800 $1,000,500
2018 $36,300 $2,807,400 $1,910,700 $896,700
2017 $37,768 $2,863,400 $1,820,600 $1,042,800
2016 $37,355 $2,744,700 $1,754,400 $990,300
2015 $36,921 $2,704,800 $1,714,500 $990,300
Source: Public Records

Agents Affiliated with this Home

  • Lanse Robb

    Seller's Agent in 2016

    Lanse Robb

    LandVest, Inc., Manchester -by-the-Sea

    (978) 590-0056

    6 in this area

    62 Total Sales

    Lanse Robb
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71853583

MLS Property Information Network (MLS PIN)

APN: GLOU-000135-000030

Massachusetts Essex County Gloucester 01930 East Gloucester

55 Eastern Point Blvd, Gloucester, MA

Not Listed for Sale

Detached

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