NOT LISTED FOR SALE

7 New Way Ln Gloucester, MA 01930

West Gloucester Neighborhood

Estimated Value: $527,000 - $581,000

2 Beds
2 Baths
864 Sq Ft
$643/Sq Ft Est. Value

Last Sold December 20, 2013

Last sale price $305,000 $353 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,304/month

53 Days on Market

About This Home

As of December 2013

This 2BR Ranch is located on a side street in West Gloucester, convenient to Rt. 128. Built in 1972, this lovely home features a FP in the living room, a finished basement with 1/2 bath, three-season Family Room, an additional Bonus Room (perfect for guest bedroom or home office) and potential to be converted into an in-law suite. Fenced-in yard with 2 sheds and a back-up generator. New wood laminate floors in the bedrooms and living room, oversized stand-up shower in the bathroom, newer roof.

Last Agent to Sell the Property

Mark Vadala

Vadala Real Estate Listed on: 10/17/2013

Last Buyer's Agent

Amy Wallick

Lamacchia Realty, Inc.

Lamacchia Realty, Inc.

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,784

Year Built

1972

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1972

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 7
  • Electric: 220 Volts, Circuit Breakers
  • Energy: Storm Doors, Backup Generator
  • Flooring: Tile, Vinyl, Wood Laminate
  • Interior Amenities: Cable Available
  • Basement: Full, Finished, Walk Out, Interior Access, Concrete Floor
  • Bedroom 2: First Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Basement
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Closet, Flooring - Laminate

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch, Gutters, Storage Shed, Screens, Fenced Yard
  • Foundation: Poured Concrete

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Hot Water: Tank, Oil, Separate Booster
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2013
Closed on
Dec 20, 2013
Sold by
Worthley Stanley W Est
Bought by
Burbine Michael
Seller's Agent
Mark Vadala
Vadala Real Estate
Buyer's Agent
Amy Wallick
Lamacchia Realty, Inc.
List Price
$319,900
Sold Price
$305,000
Premium/Discount to List
-$14,900
-4.66%
Current Estimated Value
$555,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,141
Avg. Annual Appreciation
5.18%
Original Mortgage
$299,475
Outstanding Balance
$223,306
Interest Rate
4.15%
Mortgage Type
FHA
Estimated Equity
$331,835

Purchase Details

Closed on
May 6, 2010
Sold by
Worthley Stanley W and Worthley Janette P
Bought by
Worthley Stanley W
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
Burbine Michael $305,000 --
Worthley Stanley W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burbine Michael $299,475
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2013 12/20/13 Sold $305,000 0.0% $353 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
11/03/2013 11/03/13 Off Market $305,000 -- --
10/17/2013 10/17/13 For Sale $319,900 -- $370 / 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 $4,784 $492,200 $179,500 $312,700
2024 $4,660 $478,900 $171,000 $307,900
2023 $4,688 $442,700 $152,700 $290,000
2022 $4,441 $378,600 $132,800 $245,800
2021 $4,506 $362,200 $120,700 $241,500
2020 $4,185 $339,400 $120,700 $218,700
2019 $4,145 $326,600 $120,700 $205,900
2018 $4,082 $315,700 $120,700 $195,000
2017 $3,979 $301,700 $115,000 $186,700
2016 $3,823 $280,900 $120,000 $160,900
2015 $3,770 $276,200 $120,000 $156,200
Source: Public Records

Agents Affiliated with this Home

  • Mark Vadala

    Seller's Agent in 2013

    Mark Vadala

    Vadala Real Estate

    (978) 490-0939

    5 in this area

    51 Total Sales

    Mark Vadala
    Section Image
  • Amy Wallick

    Buyer's Agent in 2013

    Amy Wallick

    Lamacchia Realty, Inc.

    (978) 767-0889

    3 in this area

    88 Total Sales

    Amy Wallick
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71598220

MLS Property Information Network (MLS PIN)

APN: GLOU-000228-000032

Massachusetts Essex County Gloucester 01930 West Gloucester

7 New Way Ln, Gloucester, MA

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