Seller's Agent in 2023
Patty Knaggs
RE/MAX
(978) 290-1407
17 in this area
76 Total Sales
9 Summit St Gloucester, MA 01930
Central Gloucester NeighborhoodEstimated Value: $743,005 - $845,000
6
Beds
2
Baths
2,542
Sq Ft
$311/Sq Ft
Est. Value
Highlights
- Medical Services
- Property is near public transit
- Park
- Harbor Views
- Jogging Path
- 5-minute walk to Burnham's Field
About This Home
As of September 2023Located in the heart of Central Gloucester, this property promises an attractive return on investment. Don't miss out on this coastal gem! This 2-family property offers an incredible investment opportunity with two three-bedroom units, each boasting private decks and captivating views. The simple layouts and nearby amenities ensure high rental demand. The property's prime location places you within easy reach of Gloucester's vibrant downtown, renowned for its eclectic mix of dining, shopping, and cultural attractions. Embrace the coastal lifestyle with nearby beaches, walking trails, and water activities that will enrich your days with beauty and adventure. There is a path to Gloucester Crossing, Cape Ann YMCA and Green Street playground and fields, which will be undergoing a major improvement in the coming months. Zoned for brand new East Veterans' Elementary! FIRST and ONLY showings at the Open Houses Friday, 4-6p and both Saturday and Sunday 11-1p. Offers due July 31st by NOON.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,057
Year Built
- Built in 1900
Lot Details
- 5,000 Sq Ft Lot
- Level Lot
- Irregular Lot
Property Views
- Harbor
- City
- Scenic Vista
Home Design
- Duplex
- Brick Foundation
- Stone Foundation
Interior Spaces
- 2,542 Sq Ft Home
- Property has 1 Level
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 1 Car Parking Space
- Off-Street Parking
Location
- Property is near public transit
Schools
- East Veterans Elementary School
- O'maley Middle School
- Gloucester High School
Utilities
- 1 Cooling Zone
- 2 Heating Zones
- Heating Available
- Separate Meters
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $4,600
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:0028 B:0087 L:0000,1895123
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
Building Details
- Operating Expense $35,200
- Net Operating Income $20,000
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
Jul 24, 2023
Closed on
Sep 5, 2023
Sold by
Bought by
Seller's Agent
Patty Knaggs
RE/MAX Beacon
Buyer's Agent
Kallie Moar
Citylight Homes LLC
List Price
$674,000
Sold Price
$730,000
Premium/Discount to List
$56,000
8.31%
Views
51
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
$50,458
Avg. Annual Appreciation
2.81%
Original Mortgage
$584,000
Interest Rate
0.0678%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jan 3, 2019
Closed on
Feb 15, 2019
Sold by
Bought by
Seller's Agent
Mark Ventimiglia
Vadala Real Estate
Buyer's Agent
Heather Numerosi
RE/MAX Beacon
List Price
$359,000
Sold Price
$377,000
Premium/Discount to List
$18,000
5.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.59%
Original Mortgage
$358,150
Interest Rate
0.045%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 5, 2018
Sold by
Bought by
Purchase Details
Closed on
Mar 17, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
0.0539%
Purchase Details
Closed on
Jan 29, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
0.0571%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 3, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
0.0588%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 15, 1989
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $730,000 | None Available | ||
| $377,000 | -- | ||
| $211,000 | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| $180,000 | -- |
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 |
|---|---|---|---|
| Closed | $584,000 | ||
| Closed | $358,150 | ||
| Closed | $180,000 | ||
| Closed | $180,000 | ||
| Closed | $50,000 | ||
| Closed | $35,000 | ||
| Closed | $142,000 | ||
| Closed | $140,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/05/2023 09/05/23 | Sold | $730,000 | +8.3% | $287 / Sq Ft | |
| 08/01/2023 08/01/23 | Pending | -- | -- | -- | |
| 07/24/2023 07/24/23 | For Sale | $674,000 | +78.8% | $265 / Sq Ft | |
| 02/15/2019 02/15/19 | Sold | $377,000 | +5.0% | $149 / Sq Ft | View Prior Sale |
| 01/10/2019 01/10/19 | Pending | -- | -- | -- | |
| 01/03/2019 01/03/19 | For Sale | $359,000 | -- | $142 / 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 | $5,978 | $615,000 | $138,100 | $476,900 |
| 2024 | $5,855 | $601,700 | $131,600 | $470,100 |
| 2023 | $6,057 | $572,000 | $117,500 | $454,500 |
| 2022 | $5,666 | $483,000 | $102,200 | $380,800 |
| 2021 | $5,476 | $440,200 | $92,900 | $347,300 |
| 2020 | $5,180 | $420,100 | $92,900 | $327,200 |
| 2019 | $4,754 | $374,600 | $92,900 | $281,700 |
| 2018 | $4,416 | $341,500 | $92,900 | $248,600 |
| 2017 | $4,150 | $314,600 | $83,700 | $230,900 |
| 2016 | $3,961 | $291,000 | $83,600 | $207,400 |
| 2015 | $3,882 | $284,400 | $83,600 | $200,800 |
Source: Public Records
Agents Affiliated with this Home
-
Patty Knaggs
-
Heather Numerosi
Seller Co-Listing Agent in 2023
Heather Numerosi
RE/MAX
(978) 595-8451
4 in this area
12 Total Sales
-
Kallie Moar
Buyer's Agent in 2023
Kallie Moar
Citylight Homes LLC
(978) 473-7887
1 in this area
29 Total Sales
-
Mark Ventimiglia
Seller's Agent in 2019
Mark Ventimiglia
Vadala Real Estate
(978) 281-1111
29 in this area
76 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73139875
APN: GLOU-000028-000087
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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