George Needham
GLN & Company, LLC
(978) 736-2304
24 Total Sales
1 in East Gloucester
$750,000 Price
75 Rocky Neck Ave Gloucester, MA 01930
East Gloucester NeighborhoodEstimated Value: $2,525,563
5
Beds
9
Baths
4,916
Sq Ft
$514/Sq Ft
Est. Value
Highlights
- Waterfront
- 1 Fireplace
- 1 Cooling Zone
- Deck
- Shops
About This Home
As of November 2023Imagine having an investment WATERFRONT property with 7 UNITS on Smith Cove on Rocky Neck, the oldest working Art Colony in the country. Take advantage of this rare opportunity to be a part of the energy of this vibrant area of Gloucester, with its art galleries, restaurants, shops and boating activities. Famous artists from all over the world have chosen to live on Rocky Neck, because of the amazing light on Smith Cove, and the bohemian energy that perpetuates a very eclectic population. Enjoy the opportunity to live in one of the beautiful residences, with magnificent water views and large decks, and still have the advantage of having a substantial income. Property has been extensively renovated in 2017 and is in "turnkey" condition. Showings will begin on Thursday, August from 10:00-11:30.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 08/02/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,927
Year Built
- Built in 1940
Lot Details
- 4,191 Sq Ft Lot
- Waterfront
Interior Spaces
- 4,916 Sq Ft Home
- 2-Story Property
- 1 Fireplace
Bedrooms and Bathrooms
- 5 Bedrooms
- 9 Full Bathrooms
Outdoor Features
- Deck
Utilities
- 1 Cooling Zone
- 6 Heating Zones
Listing and Financial Details
- Total Actual Rent $11,650
- Assessor Parcel Number 4875595
- Tax Block 49
Community Details
Building Details
- Operating Expense $37,575
- Net Operating Income $102,225
Additional Features
- 7 Units
- Shops
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 2, 2023
Closed on
Nov 1, 2023
Sold by
75 Rocky Neck Llc
Bought by
Seller's Agent
Ginger Attaya
Gibson Sotheby's International Realty
Buyer's Agent
Nest / Syndi Zaiger Group
Compass
List Price
$2,475,000
Sold Price
$2,225,000
Premium/Discount to List
-$250,000
-10.1%
Views
116
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
$300,563
Avg. Annual Appreciation
4.47%
Original Mortgage
$1,200,000
Outstanding Balance
$1,165,547
Interest Rate
7.19%
Mortgage Type
Commercial
Estimated Equity
$1,360,016
Purchase Details
Closed on
Oct 17, 2016
Sold by
Rocky Neck Rt and Ahearn
Bought by
75 Rocky Neck Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.46%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Gloucester, MA
-
George Needham
-
Margaret Belmonte
Margaret Belmonte
Leading Edge Real Estate
(351) 208-9854
41 Total Sales
1 in East Gloucester
$1,010,000 Price
-
Minka vanBeuzekom
Minka vanBeuzekom
Coldwell Banker Realty - Cambridge
(617) 657-2667
55 Total Sales
1 in East Gloucester
$2,455,000 Price
-
Robin Moore
Robin Moore
Churchill Properties
(401) 309-0652
42 Total Sales
1 in East Gloucester
$1,225,000 Price
-
Katelyn Ciaramitaro
Katelyn Ciaramitaro
Responds QuicklyEngel & Volkers By the Sea
(978) 969-9322
28 Total Sales
6 in East Gloucester
$483K - $1.7M Price Range
-
Jesseny Whitehouse
Jesseny Whitehouse
Lamacchia Realty, Inc.
(844) 399-0514
24 Total Sales
1 in East Gloucester
$700,000 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 |
|---|---|---|---|
| $2,225,000 | None Available | ||
| 75 Rocky Neck Llc | $710,000 | -- |
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 | -- | $1,200,000 | |
| Previous Owner | -- | $560,000 | |
| Previous Owner | Rocky Neck Rt | $500,000 |
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 |
|---|---|---|---|---|
| 11/02/2023 11/02/23 | Sold | $2,225,000 | -10.1% | $453 / Sq Ft |
| 10/21/2023 10/21/23 | Off Market | $2,475,000 | -- | -- |
| 08/27/2023 08/27/23 | Pending | -- | -- | -- |
| 08/02/2023 08/02/23 | For Sale | $2,475,000 | -- | $503 / 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 | $10,863 | $1,117,600 | $374,900 | $742,700 |
| 2024 | $6,848 | $773,200 | $357,000 | $416,200 |
| 2023 | $0 | $728,800 | $318,800 | $410,000 |
| 2022 | $0 | $633,400 | $277,200 | $356,200 |
| 2021 | $0 | $554,500 | $252,000 | $302,500 |
| 2020 | $6,848 | $537,500 | $252,000 | $285,500 |
| 2019 | $0 | $434,700 | $252,000 | $182,700 |
| 2018 | $0 | $430,500 | $252,000 | $178,500 |
| 2017 | $0 | $480,000 | $240,000 | $240,000 |
| 2016 | -- | $445,700 | $239,900 | $205,800 |
| 2015 | -- | $445,700 | $239,900 | $205,800 |
Source: Public Records
Agents Affiliated with this Home
-
Ginger Attaya
GA
Seller's Agent in 2023
Ginger Attaya
Gibson Sotheby's International Realty
(978) 281-1002
6 in this area
14 Total Sales
-
Nest / Syndi Zaiger Group
Buyer's Agent in 2023
Nest / Syndi Zaiger Group
Compass
(617) 206-3333
19 in this area
123 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73143496
APN: GLOU-000128-000049
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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