NOT LISTED FOR SALE

8 Flume Rd Gloucester, MA 01930

Magnolia Neighborhood
12 Beds
15 Baths
7,838 Sq Ft
0.34 Acres

Last Sold January 12, 2017

Last sale price $1,802,500 $230 Per Sq Ft

23 Days on Market

About This Home

As of January 2017

OFFERS DUE TUESDAY NOVEMBER 1ST @ 5PM. Attractive investment opportunity in Magnolia Village in Gloucester. Fifteen total apartments in brick building comprised of twelve one bedroom and 3 studio apartments. Most apartments have been recently updated or renovated! Improved parking lot with more than 15 spaces and recent landscaping and common area improvements. All apartments are currently leased to happy tenants!

Last Agent to Sell the Property

William Senne

Senne Listed on: 10/13/2016

Senne

Last Buyer's Agent

Deborah Douglass

RE/MAX Partners

RE/MAX Partners

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 0.34

Utilities

  • Private Sewer

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Lot Description: Corner, Paved Drive, Level
  • Property Type: Multi-family
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1970

Interior Features

  • Has Basement: No
  • Number of Rooms: 7
  • Amenities: Shopping, Park, Walk/Jog Trails, House of Worship, Marina
  • Total Levels: 3

Exterior Features

  • Construction: Brick
  • Exterior: Brick
  • Foundation: Slab, Other (See Remarks)
  • Beach: Ocean

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 25

Utilities

  • Sewer: Private Sewerage
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 15

Lot Info

  • Zoning: Res

Multi Family

  • APOD Available: Yes
  • Total Bedrooms: 12
  • Total Floors: 4
  • Total Full Baths: 15
  • Total Levels: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2017 01/12/17 Sold $1,802,500 +0.1% $230 / Sq Ft
11/05/2016 11/05/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $1,799,900 -- $230 / 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 $21,309 $2,192,300 $695,600 $1,496,700
2024 $23,914 $2,457,800 $661,500 $1,796,300
2023 $24,694 $2,331,800 $590,600 $1,741,200
2022 $22,624 $1,928,700 $511,900 $1,416,800
2021 $22,159 $1,781,300 $464,600 $1,316,700
2020 $20,610 $1,671,500 $438,100 $1,233,400
2019 $18,604 $1,466,000 $438,100 $1,027,900
2018 $17,810 $1,377,400 $418,300 $959,100
2017 $17,723 $1,343,700 $398,500 $945,200
2016 $15,996 $1,175,300 $378,000 $797,300
2015 -- $1,155,900 $378,000 $777,900
Source: Public Records

Agents Affiliated with this Home

  • William Senne

    Seller's Agent in 2017

    William Senne

    Senne

    (617) 775-4655

    124 Total Sales

    William Senne
    Section Image
  • Deborah Douglass

    Buyer's Agent in 2017

    Deborah Douglass

    The Carroll Team

    (978) 569-6028

    11 Total Sales

    Deborah Douglass
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72080869

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Gloucester 01930 Magnolia

8 Flume Rd, Gloucester, MA

Not Listed for Sale

MultiFamily

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