Kevin Gettings
Keller Williams Gateway Realty/Salem
(877) 719-5307
50 Total Sales
2 in Central Gloucester
$375K - $689K Price Range
Estimated Value: $812,000
8
Beds
3
Baths
2,802
Sq Ft
$290/Sq Ft
Est. Value
Highlights
- Deck
- Sun or Florida Room
- Bathtub with Shower
- Wood Flooring
- 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
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,693
Year Built
- Built in 1900
Home Design
- Shingle Roof
- Marble or Granite Building Materials
Interior Spaces
- 2,802 Sq Ft Home
- Skylights
- Living Room
- Sun or Florida Room
- Storage
- Washer and Dryer Hookup
- Wood Flooring
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2024
Closed on
Dec 2, 2024
Sold by
7 Oak Street Rt and Michaud
Bought by
Seller's Agent
Jill Michaud
Gibson Sotheby's International Realty
Buyer's Agent
Jill Michaud
Gibson Sotheby's International Realty
List Price
$859,000
Sold Price
$730,000
Premium/Discount to List
-$129,000
-15.02%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,000
Avg. Annual Appreciation
6.13%
Original Mortgage
$744,000
Outstanding Balance
$729,674
Interest Rate
6.44%
Mortgage Type
Commercial
Estimated Equity
$82,326
Purchase Details
Closed on
Dec 6, 2022
Sold by
Michaud Kevin
Bought by
7 Oak Street Rt and Michaud
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
4.03%
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
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
Bought by
Langley Brian
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Gloucester, MA
-
Kevin Gettings
-
Margaret Belmonte
Margaret Belmonte
Leading Edge Real Estate
(351) 208-9854
41 Total Sales
1 in Central Gloucester
$500,000 Price
-
Assunta Palomba
Assunta Palomba
Mango Realty, Inc.
(857) 305-4635
58 Total Sales
1 in Central Gloucester
$415,000 Price
-
Jucelia Oliveira
Jucelia Oliveira
Delmaschio Group Realty
(781) 670-5516
59 Total Sales
1 in Central Gloucester
$325,000 Price
-
Virginia Todd
Virginia Todd
Leading Edge Real Estate
(857) 323-6892
46 Total Sales
1 in Central Gloucester
$406,000 Price
-
Deborah Evans
Deborah Evans
J. Barrett & Company
(351) 215-0813
114 Total Sales
1 in Central Gloucester
$749,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $730,000 | None Available | ||
| 7 Oak Street Rt | -- | None Available | |
| Michaud Kevin | $681,000 | None Available | |
| Nimon Andrew | $275,000 | -- | |
| Langley Brian | $12,481 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | -- | $744,000 | |
| Previous Owner | -- | $498,750 | |
| Previous Owner | Nimon Andrew | $55,000 | |
| Previous Owner | Nimon Andrew | $247,500 | |
| Previous Owner | Nimon Andrew | $10,000 | |
| Previous Owner | Nimon Andrew | $261,250 | |
| Previous Owner | Nimon Andrew | $10,000 | |
| Previous Owner | Langley Brian R | $250,000 | |
| Previous Owner | Langley Brian R | $221,000 | |
| Previous Owner | Langley Brian R | $185,000 | |
| Previous Owner | Langley Brian R | $160,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 02/28/2022 02/28/22 | Pending | -- | -- | -- | |
| 02/24/2022 02/24/22 | For Sale | $639,000 | -- | $228 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,114 | $629,000 | $123,300 | $505,700 |
| 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
Seller's Agent in 2024
Jill Michaud
Gibson Sotheby's International Realty
(978) 766-8064
3 in this area
32 Total Sales
-
Shari McStay
Seller's Agent in 2022
Shari McStay
Keller Williams Realty Evolution
(978) 590-9190
1 in this area
138 Total Sales
-
Steven McStay
SM
Seller Co-Listing Agent in 2022
Steven McStay
Keller Williams Realty Evolution
(978) 210-5402
1 in this area
62 Total Sales
-
LG
Seller's Agent in 2013
Listing Group
Lamacchia Realty, Inc.
-
Ronn Huth
Buyer's Agent in 2013
Ronn Huth
Buyers Choice Realty
5 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73282563
APN: GLOU-000029-000081
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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