NOT LISTED FOR SALE

Estimated Value: $693,000 - $749,000

6 Beds
2 Baths
2,408 Sq Ft
$297/Sq Ft Est. Value

Last Sold January 19, 2022

Last sale price $600,000 $249 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,425/month

21 Days on Market

About This Home

As of January 2022

Rare opportunity to acquire multi family within steps of Good Harbor Beach! East Gloucester property with ample parking, located walking distance to retail stores, restaurants, laundromat, Bass Rocks Golf Club and Gloucester's main summer attraction Good Harbor Beach. Duplex side by side style units affords opportunity for long term rental, short term summer vacation rental and potential condominium conversion.

Last Agent to Sell the Property

Rick Olson

Olson Real Estate Listed on: 11/18/2021

Last Buyer's Agent

Jack Brown

RE/MAX Beacon

RE/MAX Beacon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,565

Year Built

  • 1920

Lot Details

  • 6,970

Interior Spaces

  • Property has 2 Levels

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,565

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Side by Side
  • SUB AGENCY OFFERED: Yes
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • Directions: off Thatcher Rd.
  • Garage Yn: No
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Appliances: Gas Water Heater, Utility Connections for Gas Range
  • Has Basement: Crawl Space, Interior Entry, Sump Pump, Concrete, Unfinished
  • Total Bathrooms: 2
  • MAIN LO: C05500
  • LIST PRICE PER Sq Ft: 227.99
  • PRICE PER Sq Ft: 249.17
  • MAIN SO: AN4471
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Wood,Hardwood
  • Interior Amenities: Other (See Remarks)
  • Stories: 4
  • Window Features: Screens

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters
  • Foundation Details: Irregular
  • Construction Type: Frame
  • Disclosures: Left Side Unit Deleaded.
  • Lot Features: Level
  • Waterfront Features: Beach Front, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Lot Info

  • LOT SIZE: 6968
  • PAGE: 2
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 6969.6
  • Zoning: EB

Multi Family

  • LEVELS 1: 2
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 13800
  • Property Net Operating Income: 13800
  • Number Of Units Total: 2
  • Total Actual Rent: 1150

Tax Info

  • Tax Annual Amount: 4062.9
  • Tax Book Number: 20156
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Jan 18, 2022
Sold by
Russell Curtis J and Vanderwerken Stephen J
Bought by
Difiore Ellen and Difiore Luke
Seller's Agent
Rick Olson
Olson Real Estate
Buyer's Agent
Jack Brown
RE/MAX Beacon
Sold Price
$600,000
Current Estimated Value
$715,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,171
Avg. Annual Appreciation
4.98%
Original Mortgage
$450,000
Outstanding Balance
$419,780
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$291,493

Purchase Details

Closed on
Dec 18, 2009
Sold by
Stracher Donald G and Stracher Rochelle L
Bought by
Vanderwerken Stephen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,926
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
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
Difiore Ellen $600,000 None Available
Vanderwerken Stephen J $252,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Difiore Ellen $450,000
Previous Owner Stracher Donald G $240,000
Previous Owner Stracher Donald G $247,926
Previous Owner Stracher Donald G $8,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2022 01/19/22 Sold $600,000 +9.3% $249 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/08/2021 12/08/21 For Sale -- -- --
11/22/2021 11/22/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $549,000 -- $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 $5,565 $571,900 $207,300 $364,600
2024 $5,565 $571,900 $207,300 $364,600
2023 $5,597 $528,500 $185,100 $343,400
2022 $4,638 $395,400 $121,000 $274,400
2021 $4,063 $326,600 $110,000 $216,600
2020 $3,988 $323,400 $110,000 $213,400
2019 $4,002 $315,400 $110,000 $205,400
2018 $3,767 $291,300 $110,000 $181,300
2017 $3,605 $273,300 $104,800 $168,500
2016 $3,563 $261,800 $109,400 $152,400
2015 $3,508 $257,000 $109,400 $147,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72921341

MLS Property Information Network (MLS PIN)

APN: GLOU-000066-000018