$878,623
SOLD DEC 27, 2024
2 Beds
2 Baths
2,240 Sq Ft
0.79 Acres

Recently Sold

$392 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • Golf Course Community
  • Solar Power System
  • Open Floorplan
  • Medical Services
  • 0.79 Acre Lot
  • Deck

About This Home

As of December 2024

This multi-family property in East Gloucester is a hidden oasis offering charm and one-level living. Originally a single-family home, it has been thoughtfully converted to accommodate multiple living spaces. The first floor provides serene views over three-quarters of an acre of beautifully landscaped land, mature perennials, and a private patio, with decorative lighting under a custom-made arbor perfect for enjoying the peaceful surroundings. Inside, an updated kitchen and dining room flow into a cozy living room, and this space has the potential to add a second bedroom. The first level also includes one bedroom, bathroom, and den off the kitchen. The second floor features a kitchen, bedroom, and living room/ dining combination leading to a deck with a second entrance. This home could easily revert to a single-family setup, or you can continue to benefit from rental income, as the current owners have.

Last Agent to Sell the Property

Jan Pellegrini

Keller Williams Realty Evolution Listed on: 10/31/2024

Keller Williams Realty Evolution

Last Buyer's Agent

The Kattman Team

ERA Key Realty Services-Bay State Group

ERA Key Realty Services-Bay State Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,612

Year Built

  • Built in 1984

Lot Details

  • 0.79 Acre Lot
  • Property fronts a private road
  • Near Conservation Area
  • Street terminates at a dead end
  • Gentle Sloping Lot
  • Wooded Lot
  • Garden

Home Design

  • Duplex
  • Manufactured Home on a slab
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,240 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Decorative Lighting
  • Insulated Windows
  • Sliding Doors
  • Insulated Doors
  • Combination Dining and Living Room
  • Home Office

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Parking Spaces
  • Stone Driveway
  • Off-Street Parking

Eco-Friendly Details

  • Solar Power System
  • Heating system powered by active solar

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Shed

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Gloucester High School

Utilities

  • Ductless Heating Or Cooling System
  • 1 Cooling Zone
  • 2 Heating Zones
  • Heating Available
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $1,200
  • Rent includes unit 2(none)
  • Assessor Parcel Number M:0077 B:0018 L:0000,1897707

Community Details

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 2 Units
  • Net Operating Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,612

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1984
  • Year Built Details: Approximate
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Carpet, Stone / Slate, Hardwood
  • Interior Amenities: Upgraded Cabinets, Bathroom with Shower Stall, Open Floorplan, Smart Thermostat, Remodeled, Slider, Ceiling Fan(s), Living Room, Dining Room, Kitchen, Laundry Room, Living RM/Dining RM Combo, Office/Den
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Living Area: 2240
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: C95098
  • MAIN SO: K95310

Exterior Features

  • Exterior Features: Decorative Lighting, Garden, Solar Powered Area Lighting
  • Construction Materials: Frame
  • Foundation Details: Slab
  • Home Warranty YN: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio
  • Road Frontage Type: Private Road, Dead End
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Stone/Gravel
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Heating: Electric, Active Solar, Ductless
  • Electric: 220 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 1
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Rent Includes: Unit 2(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0077 B:0018 L:0000,1897707
  • Zoning: R-20
  • Farm Land Area Units: Square Feet
  • Lot Features: Wooded, Easements, Gentle Sloping
  • Lot Size Acres: 0.79
  • Lot Size Sq Ft: 34320
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Generation: Solar

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6612

Multi Family

  • Net Operating Income: 14400
  • Number Of Units Total: 2
  • Total Actual Rent: 1200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 1
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: Gloucester High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2010
Sold by
Arnold Jason J and Arnold Suzanne T
Bought by
Lux Marilyn
Current Estimated Value
$896,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Outstanding Balance
$30,141
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$866,793
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $340,000 --
Deed $340,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $45,000 Purchase Money Mortgage
Closed $45,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $878,623 -2.3% $392 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
11/07/2024 11/07/24 Price Changed $899,000 -2.8% $401 / Sq Ft
10/31/2024 10/31/24 For Sale $925,000 -- $413 / 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 $6,779 $697,400 $298,700 $398,700
2024 $6,612 $679,500 $284,500 $395,000
2023 $6,779 $640,100 $253,900 $386,200
2022 $6,335 $540,100 $215,900 $324,200
2021 $6,124 $492,300 $196,400 $295,900
2020 $5,862 $475,400 $196,400 $279,000
2019 $5,553 $437,600 $196,400 $241,200
2018 $5,326 $411,900 $196,400 $215,500
2017 $5,108 $387,300 $187,000 $200,300
2016 $5,029 $369,500 $187,500 $182,000
2015 $4,966 $363,800 $187,500 $176,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73308298

MLS Property Information Network (MLS PIN)

APN: GLOU-000077-000018