NOT LISTED FOR SALE

Estimated Value: $424,000 - $759,916

4 Beds
3 Baths
2,624 Sq Ft
$251/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $545,000 $208 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,959/month

3 Days on Market

Highlights

  • Harbor Views
  • 4-minute walk to Gloucester
  • Porch
  • Deck
  • Wood Flooring
  • Garden

About This Home

As of March 2020

Open houses have been canceled. Offer has been accepted. Welcome home to 7 Beacon Street, the former Town Grammar School House. This beautiful 1793 Federal style home is on the eastern slope of Governor's Hill, one of downtown Gloucester's special neighborhoods. The property has been lovingly maintained and is quite flexible in her layout. The home is presented as a two-family, with the main unit consisting of 3 bedrooms/2 bathrooms and the apartment consisting of 1 bed/1 bath. The home could easily be converted to a single family, if desired. Soaring ceilings allow air to flow and oversized windows bathe the home in wonderful light. The first floor contains the living room, dining room, library, oversized eat-in kitchen and bedroom w/full bath. A large private deck off the kitchen has wrap around wooded walk. Parking for two cars. Short saunter to MBTA commuter rail, Main Street shopping, restaurants, waterfront, galleries and marinas.

Last Agent to Sell the Property

Scott Smith

Coldwell Banker Realty - Manchester Listed on: 02/18/2020

Coldwell Banker Realty - Manchester

Last Buyer's Agent

Peter Lane

North Shore's Gold Coast Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1793

Lot Details

  • Year Round Access
  • Stone Wall
  • Garden

Property Views

  • Harbor
  • City

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Outdoor Features

  • Deck
  • Storage Shed
  • Porch

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1793

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Actual
  • List Price Per Sq Ft: 205.41
  • Comp Based On: Net Sale Price
  • Year Built: 1793
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1793

Interior Features

  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Total Flrs: 3
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 11
  • Basement: Y
  • Basement Features: Full, Interior Access, Bulkhead, Sump Pump, Concrete Floor
  • Main Lo: K95001
  • Main So: C95247
  • Estimated Sq Ft: 2624.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Waterview Features: Harbor
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Exterior Features: Porch, Deck - Wood, Storage Shed, City View(s), Garden Area, Stone Wall
  • Foundation: Granite

Garage/Parking

  • Parking Feature: Off-Street, Improved Driveway
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, T-Station

Lot Info

  • Assessments: 426000.00
  • Lot: 79
  • Acre: 0.10
  • Lot Size: 4356.00
  • Page: 0309
  • Zoning: R-5
  • Lot Description: City View(s), Scenic View(s)

Green Features

  • Energy Features: Storm Windows

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rms: 11
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 5232.58
  • Assessor Parcel Number: 1894391

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Mar 19, 2020
Sold by
Green Mary-Jane Est
Bought by
Gillette Dale and Gillette Jacqueline
Seller's Agent
Scott Smith
Coldwell Banker Realty - Manchester
Buyer's Agent
Peter Lane
North Shore's Gold Coast Realty
List Price
$539,000
Sold Price
$545,000
Premium/Discount to List
$6,000
1.11%
Current Estimated Value
$659,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,729
Avg. Annual Appreciation
3.38%
Original Mortgage
$370,000
Outstanding Balance
$327,063
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$332,666

Purchase Details

Closed on
Dec 29, 2017
Sold by
Green Robert M
Bought by
Green Mary-Jane

Purchase Details

Closed on
Dec 16, 2015
Sold by
Green Robert M and Green Mary-Jane
Bought by
Green Robert M and Green Mary-Jane

Purchase Details

Closed on
Apr 17, 2007
Sold by
Green Robert M
Bought by
Green Robert M

Purchase Details

Closed on
Jun 20, 2002
Sold by
Kane David B and Kane Norma W
Bought by
Green Robert M

Purchase Details

Closed on
Apr 4, 1989
Sold by
Calvary Chapel Bapt
Bought by
Kane David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
10.63%
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
Gillette Dale $545,000 None Available
Green Mary-Jane -- --
Green Robert M -- --
Green Robert M -- --
Green Robert M $335,000 --
Kane David B $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillette Dale $370,000
Previous Owner Kane David B $137,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2020 03/31/20 Sold $545,000 +1.1% $208 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $539,000 -- $205 / 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 $6,024 $619,800 $132,300 $487,500
2024 $5,926 $609,000 $126,000 $483,000
2023 $6,137 $579,500 $112,500 $467,000
2022 $5,743 $489,600 $97,900 $391,700
2021 $5,554 $446,500 $89,000 $357,500
2020 $5,253 $426,000 $89,000 $337,000
2019 $4,855 $382,600 $89,000 $293,600
2018 $4,505 $348,400 $89,000 $259,400
2017 $4,237 $321,200 $80,100 $241,100
2016 $4,235 $311,200 $80,100 $231,100
2015 $4,148 $303,900 $80,100 $223,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72620764

MLS Property Information Network (MLS PIN)

APN: GLOU-000017-000079