NOT LISTED FOR SALE

Estimated Value: $598,854 - $663,000

5 Beds
2 Baths
2,167 Sq Ft
$291/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $520,000 $240 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,895/month

6 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • 4-minute walk to Gloucester

About This Home

As of June 2021

**Investment Cash Cow** - Great two-family in downtown Gloucester, a stone's throw to the Gloucester train stop and to the harbor. Fully renovated in 2015 this offers a turnkey opportunity. Unit one boasts two bedrooms with gleaming hardwood floors and a white kitchen with granite countertops and stainless appliances. This unit also has direct access to the fenced in backyard area. Unit 2 has 3 bedrooms on 2 floors, a beautiful kitchen with granite and stainless and an enviable walk out back deck. Both units have in unit laundry hookups and private access to the basement storage. Unit 1 is currently vacant and Unit 2 has a long term tenant on a lease until Aug 31st. Don't miss the opportunity to compete for this property!! Showings at open houses 4/15 & 4/18 with offers presented Monday 4/19 @ 5:00.

Last Agent to Sell the Property

Blake Sherwood

Compass Listed on: 04/13/2021

Compass

Last Buyer's Agent

McDermott & MacCarthy

Gibson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,927

Year Built

  • Built in 1900

Lot Details

  • Year Round Access
  • Fenced Yard

Schools

  • Gloucester High School

Additional Features

  • Deck
  • Electric Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0016 B:0028 L:0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,927

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 2000
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 216.89
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Ife Common: Storage
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Interior Access, Concrete Floor, Unfinished Basement
  • Main Lo: AN2383
  • Main So: BB5918
  • Estimated Sq Ft: 2167.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Deck, Fenced Yard
  • Foundation: Granite

Garage/Parking

  • Parking Feature: On Street Without Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Heat Zones: 2
  • Hot Water: Electric
  • Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School

Schools

  • Elementary School: Beeman Memorial
  • Middle School: O'Maley Middle
  • High School: Gloucester High

Lot Info

  • Assessments: 352700.00
  • Acre: 0.04
  • Lot Size: 1950.00
  • Page: 469
  • Parcel Number: M:0016 B:0028 L:0000
  • Zoning: NB
  • Lot Description: City View(s)

Multi Family

  • Heat Units: 2
  • Total Levels: 3
  • Total Rent: 3940
  • Total Rms: 9
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 4388.00
  • Assessor Parcel Number: 1894248
  • Tax Year: 2021

MLS Schools

  • Grade School: Beeman Memorial
  • High School: Gloucester High
  • Middle School: O'Maley Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jul 7, 2021
Sold by
Kaplan Cynthia J and Kaplan Eric P
Bought by
84 Wa Street Realty Llc
Seller's Agent
Blake Sherwood
Compass
Buyer's Agent
McDermott & MacCarthy
Gibson Sotheby's International Realty
List Price
$470,000
Sold Price
$520,000
Premium/Discount to List
$50,000
10.64%
Current Estimated Value
$629,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,714
Avg. Annual Appreciation
4.72%
Original Mortgage
$364,000
Outstanding Balance
$330,989
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$298,725

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jun 25, 2021
Sold by
Kaplan Eric
Bought by
Kaplan Cynthia J and Kaplan Eric P
Seller's Agent
Blake Sherwood
Compass
Buyer's Agent
McDermott & MacCarthy
Gibson Sotheby's International Realty
List Price
$470,000
Sold Price
$520,000
Premium/Discount to List
$50,000
10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Outstanding Balance
$330,989
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$298,725

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jun 1, 2021
Sold by
Marcovski Aryeh and Peck Sarah M
Bought by
Kaplan Eric and Tzortzis George
Seller's Agent
Blake Sherwood
Compass
Buyer's Agent
McDermott & MacCarthy
Gibson Sotheby's International Realty
List Price
$470,000
Sold Price
$520,000
Premium/Discount to List
$50,000
10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Outstanding Balance
$330,989
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$298,725

Purchase Details

Listed on
Apr 11, 2019
Closed on
Jul 17, 2019
Sold by
84 Washington Street Llc
Bought by
Peck Sarah M
Seller's Agent
Tyler Scaglione
Cameron Prestige, LLC
Buyer's Agent
Gabriela DeBenedicitis
Coldwell Banker Realty - Manchester
List Price
$379,900
Sold Price
$375,000
Premium/Discount to List
-$4,900
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.21%
Original Mortgage
$281,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2016
Sold by
Ocean City Dev Llc
Bought by
84 Washington Street L

Purchase Details

Listed on
Apr 30, 2014
Closed on
Aug 19, 2014
Sold by
Calomo Samuel P and Calomo Susan E
Bought by
Ocean City Dev Llc
Seller's Agent
Peter Foster
North Shore's Gold Coast Realty
Buyer's Agent
Peter Foster
North Shore's Gold Coast Realty
List Price
$219,000
Sold Price
$170,000
Premium/Discount to List
-$49,000
-22.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.72%
Original Mortgage
$196,000
Interest Rate
4.09%
Mortgage Type
New Conventional
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
84 Wa Street Realty Llc -- None Available
Kaplan Cynthia J -- None Available
Kaplan Eric $520,000 None Available
Peck Sarah M $375,000 --
84 Washington Street L -- --
Ocean City Dev Llc $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaplan Eric $364,000
Previous Owner Peck Sarah M $281,250
Previous Owner 84 Washington Street L $248,000
Previous Owner Ocean City Dev Llc $196,000
Previous Owner Calomo Samuel P $39,000
Previous Owner Calomo Samuel P $50,000
Previous Owner Calomo Samuel P $85,100
Previous Owner Calomo Samuel P $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2021 06/02/21 Sold $520,000 +10.6% $240 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $470,000 +25.3% $217 / Sq Ft
07/24/2019 07/24/19 Sold $375,000 -1.3% $170 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $379,900 0.0% $173 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $379,900 0.0% $173 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $379,900 +123.5% $173 / Sq Ft
08/19/2014 08/19/14 Sold $170,000 -22.4% $86 / Sq Ft
07/20/2014 07/20/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $219,000 -- $111 / 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 $4,927 $506,400 $112,800 $393,600
2024 $4,927 $506,400 $112,800 $393,600
2023 $5,096 $481,200 $100,700 $380,500
2022 $4,537 $386,800 $87,500 $299,300
2021 $4,388 $352,700 $79,600 $273,100
2020 $4,176 $338,700 $79,600 $259,100
2019 $3,876 $305,400 $79,600 $225,800
2018 $3,607 $279,000 $79,600 $199,400
2017 $3,391 $257,100 $71,700 $185,400
2016 $3,266 $240,000 $71,600 $168,400
2015 $3,056 $223,900 $71,600 $152,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72813654

MLS Property Information Network (MLS PIN)

APN: GLOU-000016-000028