NOT LISTED FOR SALE

7 Summit St Gloucester, MA 01930

Central Gloucester Neighborhood

Estimated Value: $768,000 - $924,000

6 Beds
3 Baths
3,776 Sq Ft
$219/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $393,750 $104 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,939/month

65 Days on Market

About This Home

As of June 2015

Perched high on a hill with lovely city and water views -- This spacious, light filled intown three family home has 3 well maintained rental units. Each apartment has a Kitchen, Living Room, Dining Room and 2 Bedrooms, plus enclosed sunporch with beautiful rooftop and water views. This property offers separate electric, heat and hot water and laundry for each rental unit. Also, a full basement with high ceilings with interior and exterior access offers excellent storage and expansion potential for more living space. This is an excellent opportunity for an investment or owner occupant property with income! First showings on Sunday, March 15, 2015 from 1:00 to 2:30 p.m.

Last Agent to Sell the Property

Nancy Goodick

Advisors Living - Gloucester Listed on: 03/09/2015

Advisors Living - Gloucester

Last Buyer's Agent

rosemary Quarato

RE/MAX 360 License #454001089

RE/MAX 360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,963

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: City View(s), Gentle Slope, Scenic View(s)
  • Other Agent: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
  • Electric: Circuit Breakers
  • Energy: Storm Windows, Storm Doors
  • Flooring: Vinyl, Wall to Wall Carpet
  • Basement: Full, Walk Out, Interior Access

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Aluminum
  • Exterior Features: City View(s)
  • Foundation: Fieldstone, Granite, Other (See Remarks)

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 3

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range

Schools

  • Elementary School: Gloucester
  • Middle School: O'maley
  • High School: Gloucester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Gold Harry
Bought by
Cross St Apartments Llc
Current Estimated Value
$825,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,600
Outstanding Balance
$480,337
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$342,508

Purchase Details

Listed on
Mar 9, 2015
Closed on
Jun 12, 2015
Sold by
Sullivan Christopher
Bought by
Gold Harry
Seller's Agent
Nancy Goodick
Advisors Living - Gloucester
Buyer's Agent
rosemary Quarato
RE/MAX 360
List Price
$399,900
Sold Price
$393,750
Premium/Discount to List
-$6,150
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%
Original Mortgage
$294,750
Interest Rate
3.65%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cross St Apartments Llc $657,000 None Available
Gold Harry $393,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cross St Apartments Llc $200,000
Open Cross St Apartments Llc $525,600
Previous Owner Gold Harry $294,750
Previous Owner Martin Rt $122,000
Previous Owner Martin Rt $275,000
Previous Owner Martin Rt $17,100
Previous Owner Martin Rt $177,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2015 06/12/15 Sold $393,750 -1.5% $104 / Sq Ft
05/13/2015 05/13/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $399,900 -- $106 / 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 $6,963 $716,400 $138,100 $578,300
2024 $6,484 $666,400 $131,600 $534,800
2023 $6,753 $637,700 $117,500 $520,200
2022 $6,081 $518,400 $102,200 $416,200
2021 $5,882 $472,800 $92,900 $379,900
2020 $5,561 $451,000 $92,900 $358,100
2019 $5,141 $405,100 $92,900 $312,200
2018 $4,925 $380,900 $92,900 $288,000
2017 $4,680 $354,800 $83,700 $271,100
2016 $3,988 $293,000 $83,600 $209,400
2015 $3,909 $286,400 $83,600 $202,800
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nancy Goodick

    Advisors Living - Gloucester

    (978) 985-6080

    4 in this area

    23 Total Sales

    Nancy Goodick
    Section Image

  • r

    Buyer's Agent in 2015

    rosemary Quarato

    RE/MAX

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71800085

MLS Property Information Network (MLS PIN)

APN: GLOU-000028-000086

Massachusetts Essex County Gloucester 01930 Central Gloucester

7 Summit St, Gloucester, MA

This home is located at 7 Summit St, Gloucester, MA 01930 since 09 March 2015 and is currently estimated at $825,362, approximately $218 per square foot. This property was built in 1900. 7 Summit St is a home located in Essex County with nearby schools including East Veterans Memorial Elementary, Ralph B O'maley Middle School, and Gloucester High School.

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.

MLS Property Information Network (MLS PIN) 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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