Seller's Agent in 2021
Hope Watt-Bucci
Coldwell Banker Realty - Manchester
(978) 808-5451
2 in this area
58 Total Sales
7 Riggs St Gloucester, MA 01930
Central Gloucester Neighborhood
11
Beds
6.5
Baths
4,066
Sq Ft
1904
Built
Highlights
- Marina
- Granite Flooring
- Property is near public transit and schools
- Medical Services
- Waterfront
- Tennis Courts
About This Home
As of August 2021If you think you missed your opportunity to purchase this income producing property, well now is your chance. If you are looking for an investment or 1031 exchange then look no further than this multi-family property close to the ocean. One block from Stacey Boulevard and Gloucester's outer harbor and the famous Greasy pole, this property is located in close proximity to downtown and all the excitement this seacoast city has to offer. Per city of Gloucester records, this is a 4 to 8 unit building, but it is currently being utilized as a 5 unit building. Come explore the potential of this ideally located, income-producing property.
Last Agent to Sell the Property
Coldwell Banker Realty - Manchester Listed on: 04/15/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,030
Year Built
- Built in 1904
Lot Details
- Waterfront
- Gentle Sloping Lot
Home Design
- Shingle Roof
Interior Spaces
- 4,066 Sq Ft Home
- Granite Flooring
Bedrooms and Bathrooms
- 11 Bedrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 3 Car Parking Spaces
- Off-Street Parking
Utilities
- Heating Available
- Oil Water Heater
Additional Features
- Porch
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $11,395
- Rent includes unit 1(hot water), unit 2(hot water), unit 3(hot water), unit 4(hot water)
- Assessor Parcel Number 1893578
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Park
Building Details
- Insurance Expense $2,200
- Water Sewer Expense $800
- Operating Expense $5,000
- Net Operating Income $121,730
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $1,470,000 | -3.6% | $362 / Sq Ft |
| 06/16/2021 06/16/21 | Pending | -- | -- | -- |
| 06/13/2021 06/13/21 | Price Changed | $1,525,000 | -3.2% | $375 / Sq Ft |
| 06/02/2021 06/02/21 | For Sale | $1,575,000 | 0.0% | $387 / Sq Ft |
| 05/20/2021 05/20/21 | Pending | -- | -- | -- |
| 04/15/2021 04/15/21 | For Sale | $1,575,000 | -- | $387 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $12,100 | $1,244,900 | $132,000 | $1,112,900 |
| 2024 | $11,831 | $1,215,900 | $125,700 | $1,090,200 |
| 2023 | $12,254 | $1,157,100 | $112,300 | $1,044,800 |
| 2022 | $8,182 | $697,500 | $97,600 | $599,900 |
| 2021 | $7,963 | $640,100 | $88,800 | $551,300 |
| 2020 | $7,333 | $594,700 | $88,800 | $505,900 |
| 2019 | $6,477 | $510,400 | $88,800 | $421,600 |
| 2018 | $6,179 | $477,900 | $88,800 | $389,100 |
| 2017 | $6,058 | $459,300 | $79,900 | $379,400 |
| 2016 | $5,376 | $395,000 | $79,900 | $315,100 |
| 2015 | $5,392 | $395,000 | $79,900 | $315,100 |
Source: Public Records
Agents Affiliated with this Home
-
Hope Watt-Bucci
-
James Kousoulos
Buyer's Agent in 2021
James Kousoulos
Capitol Square Realty, Inc.
(617) 393-3458
1 in this area
15 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72815719
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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