Katelyn Ciaramitaro
Responds Quickly
Engel & Volkers By the Sea
(978) 969-9322
28 Total Sales
3 in Central Gloucester
$360K - $699K Price Range
7 Riggs St Gloucester, MA 01930
Central Gloucester Neighborhood
11
Beds
6.5
Baths
4,066
Sq Ft
1904
Built
Highlights
- Marina
- Waterfront
- Tennis Courts
- Medical Services
- Property is near public transit and schools
- Porch
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
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,030
Year Built
- Built in 1904
Home Design
- Shingle Roof
- Marble or Granite Building Materials
Interior Spaces
- 4,066 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 11 Bedrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Parking
- 3 Car Parking Spaces
- Off-Street Parking
Lot Details
- Waterfront
- Gentle Sloping Lot
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
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
Apr 15, 2021
Closed on
Jul 23, 2021
Sold by
Dimercurio Marianna
Bought by
Seller's Agent
Hope Watt-Bucci
Coldwell Banker Realty - Manchester
Buyer's Agent
James Kousoulos
Capitol Square Realty, Inc.
List Price
$1,575,000
Sold Price
$1,470,000
Premium/Discount to List
-$105,000
-6.67%
Purchase Details
Closed on
May 23, 2006
Sold by
Taormina Finella and Williams Finella
Bought by
Dimercurio Marianna A
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Gloucester, MA
-
Katelyn Ciaramitaro
-
Deborah Purcell
Deborah Purcell
Coldwell Banker Realty - Manchester
(978) 969-4505
5 Total Sales
1 in Central Gloucester
$420,000 Price
-
Caroline Morson
Caroline Morson
Compass
(781) 209-6953
41 Total Sales
1 in Central Gloucester
$610,000 Price
-
Wendy Willis
Wendy Willis
Keller Williams Realty Evolution
(978) 997-7748
113 Total Sales
1 in Central Gloucester
$800,000 Price
-
Kevin Gettings
Kevin Gettings
Keller Williams Gateway Realty/Salem
(877) 719-5307
50 Total Sales
2 in Central Gloucester
$375K - $689K Price Range
-
Margaret Belmonte
Margaret Belmonte
Leading Edge Real Estate
(351) 208-9854
41 Total Sales
1 in Central Gloucester
$500,000 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 |
|---|---|---|---|
| $1,470,000 | None Available | ||
| Dimercurio Marianna A | $460,000 | -- |
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 | $1,029,000 | ||
| Previous Owner | Dimercurio Marianna | $550,000 | |
| Previous Owner | Medina Duarte | $236,000 | |
| Previous Owner | Taormina Finella | $340,000 | |
| Previous Owner | Taormina Finella | $200,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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
Seller's Agent in 2021
Hope Watt-Bucci
Coldwell Banker Realty - Manchester
(978) 808-5451
1 in this area
52 Total Sales
-
James Kousoulos
Buyer's Agent in 2021
James Kousoulos
Capitol Square Realty, Inc.
(617) 393-3458
17 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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