NOT LISTED FOR SALE

7 Sumac Ln Gloucester, MA 01930

East Gloucester Neighborhood

Estimated Value: $1,287,000 - $2,966,000

5 Beds
4 Baths
2,225 Sq Ft
$1,008/Sq Ft Est. Value

Last Sold November 18, 2019

Last sale price $1,664,000 $748 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $14,046/month

208 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Porch
  • Deck
  • Balcony
  • Central Heating

About This Home

As of November 2019

SITED ON ONE OF THE MOST INSPIRING, ENTICING, AND INTERESTING LOCATIONS IN ALL CAPE ANN, THIS WONDERFUL YEAR ROUND OR SUMMMER WATERFRONT HOME CAPTIVATES THE ESSENCE OF BEING IN GLOUCESTER. Few ever get to watch the activity of the inner harbor so intimately. From fishing boats to majestic schooners, this viewing experience is priceless. And the home: features include long breezy porch, 5 bedrooms, attic space with 2 more rooms for play- study-storage, working fireplace, and hardwood floors throughout. The master BR has its own porch to view incredible sunsets before retiring. "THE COTTAGE", adjoining the main house has its own entrance, large bedroom with cathedral ceiling, 3/4 bath and its own little covered porch! Recent improvements include newer windows and roof. A timeless home that will surely serve to make lasting memories.

Last Agent to Sell the Property

Barbara Dugan

Engel & Volkers By the Sea Listed on: 03/21/2019

Engel & Volkers By the Sea

Last Buyer's Agent

Debra Lovelace

Churchill Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,971

Year Built

  • Built in 1926

Lot Details

  • Year Round Access
  • Property is zoned R-10

Property Views

  • Ocean
  • Harbor

Kitchen

  • Range<<rangeHoodToken>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Radiator
  • Natural Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,971

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Colonial
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 896.63
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1926
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1926

Interior Features

  • Fireplaces: 1
  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • No Bedrooms: 5
  • Master Bedroom: On Level: Second Floor, Bathroom - Full, Flooring - Wall to Wall Carpet, Balcony - Exterior
  • Bedroom 2: On Level: First Floor, Flooring - Hardwood, Balcony / Deck
  • Bedroom 3: On Level: Second Floor, Flooring - Hardwood
  • Bedroom 4: On Level: Second Floor, Flooring - Hardwood
  • Bedroom 5: On Level: Second Floor, Flooring - Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor, Bathroom - Full
  • Bathroom 2: On Level: First Floor, Bathroom - Half
  • Bathroom 3: On Level: Second Floor, Bathroom - Full
  • No Rooms: 9
  • Dining Room: On Level: First Floor, Flooring - Hardwood
  • Kitchen: On Level: First Floor, Flooring - Wood, Pantry
  • Living Room: On Level: First Floor, Fireplace, Ceiling - Beamed, Flooring - Hardwood, Deck - Exterior
  • Other Room 1: Name: Bathroom, On Level: Second Floor, Bathroom - Full
  • Other Room 2: Name: Play Room, On Level: Third Floor
  • Other Room 3: Name: Bonus Room, On Level: Third Floor
  • Main Lo: AN4733
  • Main So: AN4851
  • Estimated Sq Ft: 2225.00

Exterior Features

  • Beach Ownership: Public
  • Waterfront: Ocean, Harbor, Dock/Mooring
  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Waterfront Flag: Yes
  • Waterview Features: Harbor, Ocean
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior Features: Porch, Deck, Balcony
  • Foundation: Concrete Block, Fieldstone
  • Foundation Size: 30 x 59
  • Insulation Feature: Unknown

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Cooling: Window AC
  • Heating: Central Heat, Hot Water Radiators
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Electric Dryer

Lot Info

  • Assessments: 1142600.00
  • Acre: 0.24
  • Lot Size: 10400.00
  • Page: 503
  • Zoning: R-10
  • Lot Description: Scenic View(s)

Green Features

  • Energy Features: Insulated Windows

Tax Info

  • Taxes: 14500.00
  • Assessor Parcel Number: 1900129

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Nov 13, 2019
Sold by
Mooring Rt
Bought by
Dirks Ret
Seller's Agent
Barbara Dugan
Engel & Volkers By the Sea
Buyer's Agent
Debra Lovelace
Churchill Properties
List Price
$1,995,000
Sold Price
$1,664,000
Premium/Discount to List
-$331,000
-16.59%
Current Estimated Value
$2,241,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$577,825
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,250,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Dirks Ret $1,664,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dirks Ret $1,250,000
Closed Dirks Ret $1,250,000
Previous Owner Mooring Rt $222,000
Previous Owner Mooring Rt $185,000
Previous Owner Mooring Rt $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2019 11/18/19 Sold $1,664,000 -16.6% $748 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $1,995,000 +19.9% $897 / Sq Ft
10/01/2019 10/01/19 Off Market $1,664,000 -- --
03/21/2019 03/21/19 For Sale $1,995,000 -- $897 / 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 $19,971 $2,052,500 $1,391,600 $660,900
2024 $19,971 $2,052,500 $1,391,600 $660,900
2023 $18,693 $1,765,200 $1,187,300 $577,900
2022 $18,061 $1,539,700 $1,033,000 $506,700
2021 $17,426 $1,400,800 $939,100 $461,700
2020 $17,226 $1,397,100 $939,100 $458,000
2019 $14,500 $1,142,600 $729,100 $413,500
2018 $14,153 $1,094,600 $711,400 $383,200
2017 $13,735 $1,041,300 $677,700 $363,600
2016 $13,258 $974,100 $647,500 $326,600
2015 $12,759 $934,700 $632,800 $301,900
Source: Public Records

Agents Affiliated with this Home

  • Barbara Dugan

    Seller's Agent in 2019

    Barbara Dugan

    Engel & Volkers By the Sea

    (978) 317-9240

    18 in this area

    28 Total Sales

    Barbara Dugan
    Section Image
  • Debra Lovelace

    Buyer's Agent in 2019

    Debra Lovelace

    Churchill Properties

    (978) 879-7356

    10 in this area

    50 Total Sales

    Debra Lovelace
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72468962

MLS Property Information Network (MLS PIN)

APN: GLOU-000128-000034

Massachusetts Essex County Gloucester 01930 East Gloucester

7 Sumac Ln, Gloucester, MA

This home is located at 7 Sumac Ln, Gloucester, MA 01930 since 21 March 2019 and is currently estimated at $2,241,825, approximately $1,007 per square foot. This property was built in 1926. 7 Sumac Ln is a home located in Essex County with nearby schools including East Gloucester Elementary School, Ralph B O'maley Middle School, and Gloucester High School.

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