NOT LISTED FOR SALE

Estimated Value: $553,000 - $642,000

4 Beds
3 Baths
2,187 Sq Ft
$272/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $475,000 $217 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,575/month

4 Days on Market

About This Home

As of January 2022

Investment opportunity or owner occupied 3 family with rental income. Close to downtown, waterfront, East Gloucester, Good Harbor beach and shopping. Two one bedroom/one bath apartments each located on the first floor offer kitchen with stove & refrigerator, living room, in unit washer/dryer. One two bedroom/one bath apartment located on the second floor offers kitchen with stove & refrigerator, living room, walk up attic/loft, and in unit washer/dryer. Walk out basement provides access to systems and small amount of storage space. The two one bedroom apartments are currently rented and the one two bedroom apartment is currently vacant. Sloping yard with green space & tiered decks directly off the two bedroom unit and a small green space is available on side of house for one bedroom tenant. Rent includes utilities - Electric, Gas Heat, Water/Sewer. Showings by appointment.

Last Agent to Sell the Property

Laurie Dahlen

Coldwell Banker Realty - Manchester Listed on: 12/02/2021

Coldwell Banker Realty - Manchester

Last Buyer's Agent

Bonnie Lai

RE/MAX Real Estate Center

RE/MAX Real Estate Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,013

Year Built

  • 1900

Lot Details

  • 4,792

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,013

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Directions: 128N to Eastern Ave. turn right onto Eastern Ave/East Main St. located on right behind Crow's Nest
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator,Washer,Dryer), Unit 3(Range,Refrigerator,Washer,Dryer), Gas Water Heater,Electric Water Heater,Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
  • Has Basement: Partial, Walk-Out Access, Dirt Floor
  • Total Bathrooms: 3
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 228.17
  • PRICE PER Sq Ft: 217.19
  • MAIN SO: BB5153
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Fireplaces: 4
  • Flooring: Wood,Tile,Laminate
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Ceiling Fans), Unit 1 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen,Living RM/Dining RM Combo,Loft)
  • Stories: 4

Exterior Features

  • Roof: Shingle
  • Exterior Features: Garden
  • Foundation Details: Stone, Brick/Mortar
  • Construction Type: Frame, Brick, Stone
  • Disclosures: Water/Sewer Costs Combined, 2 Bedroom Currently Vacant, Tenants Are At Will With 30 Day Notice, Owner Holding Security Deposits In Escrow, Rents Include Heat, Water, Electric. Current Tenants Have Indicated To Landlord That They Would Like To Remain If Possible. Tenants Responsible For Snow/Trash.
  • Exclusions: Personal Items Belonging To Tenants Including Window A/C Units
  • Lot Features: Sloped
  • Patio And Porch Features: Deck
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Other

Utilities

  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Baseboard,Natural Gas, Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • COOLING ZONES: 0
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Unit 3 Laundry Room
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Golf, Medical Facility, Highway Access, Marina, Public School
  • HOA Rent Includes: Unit 1(Heat,Electric,Gas,Water,Hot Water), Unit 2(Heat,Electric,Gas,Water,Hot Water), Unit 3(Heat,Electric,Gas,Hot Water)
  • Senior Community: No

Fee Information

  • Annual Water Sewer Expense: 4468

Lot Info

  • LOT SIZE: 4600
  • PAGE: 290
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 4791.6
  • Zoning: NB

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 2
  • FLRS 2: 1
  • Electric Expense: 9572
  • Annual Gross Income: 28800
  • Insurance Expense: 2801
  • Property Net Operating Income: 28800
  • Number Of Units Total: 3
  • Annual Operating Expense: 16543
  • Total Actual Rent: 3700

Tax Info

  • Tax Annual Amount: 4684
  • Tax Book Number: 23678
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Jan 20, 2022
Sold by
Holt Heather J and Totty David G
Bought by
S Childrens 2019 T
Seller's Agent
Laurie Dahlen
Coldwell Banker Realty - Manchester
Buyer's Agent
Bonnie Lai
RE/MAX Real Estate Center
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Current Estimated Value
$595,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,631
Avg. Annual Appreciation
6.31%
Original Mortgage
$380,000
Outstanding Balance
$350,217
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$245,414

Purchase Details

Closed on
Nov 29, 2004
Sold by
Stone Charlotte
Bought by
Totty David G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,056
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 1994
Sold by
Cape Ann Sb
Bought by
Stone Charlotte
Source: Public Records

Range of Values:

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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
S Childrens 2019 T $475,000 None Available
Totty David G $320,000 --
Stone Charlotte $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S Childrens 2019 T $380,000
Previous Owner Stone Charlotte $305,181
Previous Owner Stone Charlotte $306,530
Previous Owner Stone Charlotte $315,056
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $475,000 -4.8% $217 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
12/02/2021 12/02/21 For Sale $499,000 -- $228 / 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 $5,013 $515,200 $128,700 $386,500
2024 $5,013 $515,200 $128,700 $386,500
2023 $5,836 $551,100 $115,000 $436,100
2022 $5,174 $441,100 $100,000 $341,100
2021 $4,684 $376,500 $64,200 $312,300
2020 $4,428 $359,100 $64,200 $294,900
2019 $4,093 $322,500 $64,200 $258,300
2018 $3,922 $303,300 $64,200 $239,100
2017 $3,783 $286,800 $61,200 $225,600
2016 $3,487 $256,200 $61,400 $194,800
2015 $3,418 $250,400 $61,400 $189,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72924702

MLS Property Information Network (MLS PIN)

APN: GLOU-000012-000024