P
Seller's Agent in 2024
Peter and Pam Lane
North Shore's Gold Coast Realty
98 Pleasant St Gloucester, MA 01930
Central Gloucester NeighborhoodEstimated Value: $626,000 - $674,844
7
Beds
3
Baths
2,209
Sq Ft
$296/Sq Ft
Est. Value
Highlights
- Marina
- Granite Flooring
- Tennis Courts
- Medical Services
- Property is near public transit
- 2-minute walk to Burnham's Field
About This Home
As of July 20242 family investment property located in Central Gloucester consisting of a large 8 Rm 5 BR 2 BA 2nd floor apt above a 1st floor 4 Rm 2 BR 1 BA apt. Current monthly rents total $3950 or $47,400 yearly (below market rate). Expenses for 2023 were $12,021 including re taxes. Updated utilities include 2 sep fhw by gas boilers (1 new in 2023), 2 sep gas hw heaters (2022 and 2023) and two 100 amp electric services. Low maintenance vinyl siding 10 yr and roof done in 2016. Ample paved off-street parking for 6 cars. Long term tenants of 19 and 15 years. Large fenced level yard. 2 secure storage areas in basement. Both units have letters of compliance with regard to lead paint. Property is very convenient to T commuter rail station, Shaw's plaza, Rt. 128, and downtown Gloucester shops and restaurants. FIRST SHOWINGS Sat. May 18th from 10;30 -12 by appointment only. POTENTIAL FOR CONVERSION TO 3 FAMILY. Nearby Burnham's Field playground, walking track, ball fields, and community gardens.
Last Agent to Sell the Property
North Shore's Gold Coast Realty Listed on: 05/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,042
Year Built
- Built in 1900
Lot Details
- 4,495 Sq Ft Lot
- Fenced
- Level Lot
- Cleared Lot
Home Design
- Duplex
- Brick Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,209 Sq Ft Home
- Property has 1 Level
- Insulated Windows
- Insulated Doors
- Living Room
- Dining Room
- Storage
Kitchen
- Range
- Dishwasher
Flooring
- Carpet
- Laminate
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Parking
- 6 Car Parking Spaces
- Tandem Parking
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Baseboard Heating
- Separate Meters
- 220 Volts
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $3,950
- Rent includes unit 1(water), unit 2(water)
- Tax Lot 90
- Assessor Parcel Number 4434131
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Park
- Jogging Path
- Bike Trail
Building Details
- Insurance Expense $1,809
- Water Sewer Expense $3,300
- Operating Expense $12,021
- Net Operating Income $35,379
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 12, 2016
Closed on
Nov 22, 2016
Sold by
Sneirson Gerald
Bought by
Latraverse Leo M and Latraverse Grace
Seller's Agent
Peter and Pam Lane
North Shore's Gold Coast Realty
Buyer's Agent
Peter and Pam Lane
North Shore's Gold Coast Realty
List Price
$349,900
Sold Price
$342,000
Premium/Discount to List
-$7,900
-2.26%
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
$311,711
Avg. Annual Appreciation
7.74%
Original Mortgage
$256,500
Interest Rate
3.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 20, 2004
Sold by
Gravy Rt
Bought by
Sneirson Gerald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.25%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Latraverse Leo M | $342,000 | -- | |
| Sneirson Gerald | -- | -- | |
| Sneirson Gerald | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 98 Pleasant Street Rt | $487,500 | |
| Closed | 98 Pleasant Street Rt | $487,500 | |
| Closed | Latraverse Grace | $353,500 | |
| Closed | Latraverse Leo M | $256,500 | |
| Previous Owner | Sneirson Gerald | $192,500 | |
| Previous Owner | Sneirson Gerald | $215,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2024 07/29/24 | Sold | $650,000 | 0.0% | $294 / Sq Ft |
| 05/20/2024 05/20/24 | Pending | -- | -- | -- |
| 05/15/2024 05/15/24 | For Sale | $650,000 | +90.1% | $294 / Sq Ft |
| 11/22/2016 11/22/16 | Sold | $342,000 | -2.3% | $137 / Sq Ft |
| 09/05/2016 09/05/16 | Pending | -- | -- | -- |
| 07/12/2016 07/12/16 | For Sale | $349,900 | -- | $140 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,042 | $518,200 | $128,000 | $390,200 |
| 2024 | $5,042 | $518,200 | $128,000 | $390,200 |
| 2023 | $5,206 | $491,600 | $114,300 | $377,300 |
| 2022 | $4,881 | $416,100 | $99,400 | $316,700 |
| 2021 | $4,721 | $379,500 | $90,400 | $289,100 |
| 2020 | $4,476 | $363,000 | $90,400 | $272,600 |
| 2019 | $4,162 | $328,000 | $90,400 | $237,600 |
| 2018 | $3,885 | $300,500 | $90,400 | $210,100 |
| 2017 | $3,576 | $271,100 | $81,400 | $189,700 |
| 2016 | $3,221 | $236,700 | $81,300 | $155,400 |
| 2015 | $3,165 | $231,900 | $81,300 | $150,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2024
Alison Aiello
North Shore's Gold Coast Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73238105
APN: GLOU-000027-000090
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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