NOT LISTED FOR SALE

55 Farrington Ave Gloucester, MA 01930

East Gloucester Neighborhood

Estimated Value: $3,092,000 - $4,408,000

4 Beds
6 Baths
5,092 Sq Ft
$716/Sq Ft Est. Value

Last Sold March 13, 2015

Last sale price $2,500,000 $491 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $21,976/month

276 Days on Market

About This Home

As of March 2015

Eastern Point! This brand new luxurious home is complete with inspiring sweeping views and deeded beach rights to the beautiful Brace's Cove. Put your feet on the sand right from the house via path. Built with the highest standards, materials, and operating systems and a dramatic design by Poore & Co. of Gloucester. A modern rendition of the classic shingle style, this 4+ bedroom/5.5 bath residence is brimming with sunny and generously proportioned rooms that seamlessly integrate with the outdoors. The open kitchen is appointed with custom hand-crafted cabinetry, elegant granite counter tops, and oversized island with dining for six. Featuring appliances by Wolf, Sub-Zero and Miele, two sinks, and a very generous pantry, preparing meals along with the sea air will surely spark culinary creativity! An expansive, separate guest suite or stunning office with its own entrance, parking, bath, and kitchenette offers plenty of room, while maintaining privacy from the main living residence

Last Agent to Sell the Property

Betsy Bullock

Coldwell Banker Realty - Manchester Listed on: 05/19/2014

Coldwell Banker Realty - Manchester

Last Buyer's Agent

Lori Bouchie

RE/MAX Beacon

RE/MAX Beacon

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,688

Year Built

2013

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Easements, Cleared, Scenic View(s)
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2013

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 10
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School
  • Energy: Insulated Windows, Insulated Doors, Prog. Thermostat, Backup Generator
  • Flooring: Tile, Marble, Hardwood, Stone / Slate
  • Insulation: Full, Mixed
  • Interior Amenities: Security System, Cable Available, Wetbar, French Doors
  • Basement: Full, Interior Access, Bulkhead, Concrete Floor
  • Bedroom 2: Second Floor, 19X17
  • Bedroom 3: Second Floor, 13X16
  • Bathroom #1: First Floor
  • Bathroom #2: First Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor, 29X14
  • Laundry Room: First Floor, 6X9
  • Living Room: First Floor, 19X24
  • Master Bedroom: Second Floor, 27X17
  • Master Bedroom Description: Bathroom - Full, Skylight, Ceiling - Coffered, Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup, Dressing Room, High Speed Internet Hookup, Recessed Lighting
  • Family Room: First Floor, 22X15

Exterior Features

  • Construction: Frame, Stone/Concrete
  • Exterior: Shingles, Stone
  • Exterior Features: Deck - Wood, Patio, Covered Patio/Deck, Gutters, Professional Landscaping, Sprinkler System, Screens, Garden Area, Stone Wall
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Parking: Attached, Garage Door Opener, Heated, Storage, Work Area, Insulated
  • Garage Spaces: 3
  • Parking: Paved Driveway
  • Parking Spaces: 12

Utilities

  • Cooling Zones: 4
  • Heat Zones: 8
  • Hot Water: Natural Gas, Tankless
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection

Condo/Co-op/Association

  • HOA: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2014
Closed on
Mar 13, 2015
Sold by
Butman Paul M and Lake Sharon M
Bought by
Kenneth E Albetazzi Ft
Seller's Agent
Betsy Bullock
Coldwell Banker Realty - Manchester
Buyer's Agent
Lori Bouchie
RE/MAX Beacon
List Price
$2,800,000
Sold Price
$2,500,000
Premium/Discount to List
-$300,000
-10.71%
Total Days on Market
276
Current Estimated Value
$3,647,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,147,240
Avg. Annual Appreciation
3.93%
Original Mortgage
$1,875,000
Interest Rate
3.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2012
Sold by
Faherty J M
Bought by
Butman Paul M and Lake Sharon M

Purchase Details

Closed on
Dec 1, 2003
Sold by
Sheppard Gayle M
Bought by
Daneshmehr Mohammad
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 Buyer Sale Price Title Company
Kenneth E Albetazzi Ft $2,500,000 --
Butman Paul M -- --
Faherty J M $650,000 --
Daneshmehr Mohammad $885,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kenneth E Albertazzi Ft $2,279,250
Closed Kenneth E Albertazzi Ft $841,205
Closed Kenneth E Albertazzi F E $1,700,000
Closed Kenneth E Albertazzi F E $410,000
Closed Kenneth E Albetazzi Ft $1,875,000
Previous Owner Sheppard Gayle M $650,000
Previous Owner Sheppard Gayle M $1,147,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2015 03/13/15 Sold $2,500,000 0.0% $491 / Sq Ft
02/19/2015 02/19/15 Pending -- -- --
01/22/2015 01/22/15 Off Market $2,500,000 -- --
09/11/2014 09/11/14 Price Changed $2,690,000 -3.9% $528 / Sq Ft
05/19/2014 05/19/14 For Sale $2,800,000 -- $550 / 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 $25,688 $2,640,100 $998,200 $1,641,900
2024 $25,688 $2,640,100 $998,200 $1,641,900
2023 $26,123 $2,466,800 $851,500 $1,615,300
2022 $27,635 $2,355,900 $740,600 $1,615,300
2021 $27,546 $2,214,300 $673,500 $1,540,800
2020 $28,463 $2,308,400 $673,500 $1,634,900
2019 $29,827 $2,350,400 $642,100 $1,708,300
2018 $28,601 $2,212,000 $626,500 $1,585,500
2017 $29,003 $2,198,900 $596,900 $1,602,000
2016 $29,399 $2,160,100 $572,100 $1,588,000
2015 $21,088 $1,544,900 $559,100 $985,800
Source: Public Records

Agents Affiliated with this Home

  • Betsy Bullock

    Seller's Agent in 2015

    Betsy Bullock

    Coldwell Banker Realty - Manchester

    (978) 985-6575

    7 Total Sales

    Betsy Bullock
    Section Image
  • Lori Bouchie

    Buyer's Agent in 2015

    Lori Bouchie

    RE/MAX

    (978) 865-1227

    16 Total Sales

    Lori Bouchie
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71683940

MLS Property Information Network (MLS PIN)

APN: GLOU-000134-000039

Massachusetts Essex County Gloucester 01930 East Gloucester

55 Farrington Ave, Gloucester, MA

This home is located at 55 Farrington Ave, Gloucester, MA 01930 since 19 May 2014 and is currently estimated at $3,647,240, approximately $716 per square foot. This property was built in 2013. 55 Farrington Ave 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.

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