Seller's Agent in 2024
Jill Michaud
Gibson Sotheby's International Realty
(978) 766-8064
3 in this area
28 Total Sales
8
Beds
3
Baths
2,802
Sq Ft
3,006
Sq Ft Lot
Highlights
- Granite Flooring
- Sun or Florida Room
- Bathtub with Shower
- Deck
- Skylights
- 5-minute walk to Burnham's Field
About This Home
As of December 2024A fantastic opportunity for both owner-occupants and investors to acquire a well located 3-family property in Gloucester. Unit 1&2 each with three bedrooms, 1 bath, a living room, kitchen, and in-unit laundry. Unit 3 featuring 2 bedrooms, a kitchen, and a living room. Recent updates include heating systems, water heaters, and rubber roof. The common basement has been updated and offers ample storage space. Additionally, the property includes a driveway with 4 parking spots and off-street parking. Current rents are below market value, providing potential for increased rental income. Located near downtown Gloucester, you'll have easy access to restaurants, shops, the waterfront and commuter routes. This property presents a great investment or owner-occupancy opportunity in a desirable area of Gloucester.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 08/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,693
Year Built
- Built in 1900
Home Design
- Shingle Roof
Interior Spaces
- 2,802 Sq Ft Home
- Skylights
- Living Room
- Sun or Florida Room
- Storage
- Washer and Dryer Hookup
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Granite
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Deck
Schools
- O'maley Middle School
- Gloucester High School
Utilities
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Total Actual Rent $4,800
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number 1895252
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Net Operating Income $57,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 6, 2022
Sold by
Michaud Kevin
Bought by
7 Oak Street Rt and Michaud
Current Estimated Value
Purchase Details
Listed on
Feb 24, 2022
Closed on
Apr 4, 2022
Sold by
Nimon Andrew and Nimon Rebekah
Bought by
Michaud Kevin
Seller's Agent
Shari McStay
Keller Williams Realty Evolution
Buyer's Agent
Jill Michaud
Gibson Sotheby's International Realty
List Price
$639,000
Sold Price
$681,000
Premium/Discount to List
$42,000
6.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.11%
Original Mortgage
$498,750
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
May 31, 2013
Closed on
Nov 15, 2013
Sold by
Langley Brian R
Bought by
Nimon Andrew and Nimon Rebekah
Seller's Agent
Listing Group
Lamacchia Realty, Inc.
Buyer's Agent
Ronn Huth
Buyers Choice Realty
List Price
$260,000
Sold Price
$275,000
Premium/Discount to List
$15,000
5.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.41%
Original Mortgage
$10,000
Interest Rate
4.25%
Purchase Details
Closed on
Feb 7, 1989
Sold by
Langley James A
Bought by
Langley Brian R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Not Resolvable | $681,000 | None Available | |
| Not Resolvable | $275,000 | -- | |
| Deed | $12,481 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $744,000 | Commercial | |
| Closed | $744,000 | Commercial | |
| Previous Owner | $498,750 | Purchase Money Mortgage | |
| Previous Owner | $55,000 | Stand Alone Second | |
| Previous Owner | $247,500 | Unknown | |
| Previous Owner | $10,000 | No Value Available | |
| Previous Owner | $261,250 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Sold | $730,000 | -7.5% | $261 / Sq Ft |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- |
| 09/28/2024 09/28/24 | Price Changed | $789,000 | -8.1% | $282 / Sq Ft |
| 09/26/2024 09/26/24 | For Sale | $859,000 | 0.0% | $307 / Sq Ft |
| 09/20/2024 09/20/24 | Pending | -- | -- | -- |
| 08/28/2024 08/28/24 | For Sale | $859,000 | +26.1% | $307 / Sq Ft |
| 04/04/2022 04/04/22 | Sold | $681,000 | +6.6% | $243 / Sq Ft |
| 02/28/2022 02/28/22 | Pending | -- | -- | -- |
| 02/24/2022 02/24/22 | For Sale | $639,000 | +132.4% | $228 / Sq Ft |
| 11/15/2013 11/15/13 | Sold | $275,000 | +5.8% | $111 / Sq Ft |
| 10/16/2013 10/16/13 | Pending | -- | -- | -- |
| 05/31/2013 05/31/13 | For Sale | $260,000 | -- | $105 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,693 | $585,100 | $117,400 | $467,700 |
| 2024 | $5,693 | $585,100 | $117,400 | $467,700 |
| 2023 | $5,607 | $529,500 | $104,800 | $424,700 |
| 2022 | $5,058 | $431,200 | $91,200 | $340,000 |
| 2021 | $4,894 | $393,400 | $82,900 | $310,500 |
| 2020 | $4,631 | $375,600 | $82,900 | $292,700 |
| 2019 | $4,289 | $338,000 | $82,900 | $255,100 |
| 2018 | $4,116 | $318,300 | $82,900 | $235,400 |
| 2017 | $3,908 | $296,300 | $74,600 | $221,700 |
| 2016 | $3,604 | $264,800 | $74,600 | $190,200 |
| 2015 | $3,534 | $258,900 | $74,600 | $184,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jill Michaud
-
Shari McStay
Seller's Agent in 2022
Shari McStay
Keller Williams Realty Evolution
(978) 590-9190
1 in this area
151 Total Sales
-
Steven McStay
S
Seller Co-Listing Agent in 2022
Steven McStay
Keller Williams Realty Evolution
(978) 210-5402
1 in this area
73 Total Sales
-
L
Seller's Agent in 2013
Listing Group
Lamacchia Realty, Inc.
-
Ronn Huth
Buyer's Agent in 2013
Ronn Huth
Buyers Choice Realty
6 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73282563
APN: GLOU-000029-000081
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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