NOT LISTED FOR SALE

Estimated Value: $878,000 - $937,000

2 Beds
2 Baths
2,240 Sq Ft
$402/Sq Ft Est. Value

Last Sold December 27, 2024

Last sale price $878,623 $392 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,570/month

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 Listed By

Jan Pellegrini

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

Keller Williams Realty Evolution

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
  • Property fronts an easement
  • 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
  • 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
  • LIST PRICE PER Sq Ft: 401.34
  • PRICE PER Sq Ft: 392.24
  • 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 Area: 0.79
  • Lot Size Sq Ft: 34320
  • Lot Size Units: Acres
  • PAGE: 172
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Generation: Solar

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6612
  • Tax Book Number: 29583

Multi Family

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

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
Total Days on Market
14
Current Estimated Value
$901,067

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
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lux Marilyn $340,000 --
Lux Marilyn $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Ben $795,000
Closed Reed Ben $795,000
Closed Arnold Jason J $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 $6,612 $679,500 $284,500 $395,000
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

  • Section Image
  • Section Image
See All Agents

Map

Similar Home in Gloucester, MA

  • 1 Brightside Ave, Gloucester, MA 01930

    $788,800

    • 4 Beds
    • 3 Baths
    • 2,587 Sq Ft
    • 1 Brightside Ave
    • Gloucester, MA

    Discover this enchanting Two-Family home, perfectly tucked away on a picturesque side street in East Gloucester. Offering generously sized rooms, this residence sits just under half a mile from the golden sands of Good Harbor Beach. Enjoy proximity to the Cripple Cove Playground and the prestigious Bass Rocks Golf Club. Ideal for both first-time homebuyers and savvy investors, the property allows

    Fintan Madden RE/MAX Beacon

    Section Image

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73308298

MLS Property Information Network (MLS PIN)

APN: GLOU-000077-000018