$342,000
SOLD NOV 22, 2016
7 Beds
3 Baths
2,500 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$137 Per Sq Ft

2% Below List Price

55 Days on Market

About This Home

As of July 2024

2 Family investment property located in central Gloucester. Large 8 Room, 5 BR, 2 Bath 2nd floor unit above a first floor 4 Room, 2 BR, 1 Bath unit. Current monthly rents total $3470 or $41,640 yr. for 2016. Expenses for 2015 were $9406. Brand new roof installed in 2015. Low maintenance vinyl siding installed 3 yrs. ago. All separate utilities with gas heat! Ample offstreet paved parking for 6-8 cars tandem! Long term tenants 8 and 12 yrs .! Large fenced yard! 2 Storage bins in basement. Both units have letters of full deleading compliance. Property is convenient to T station, Shaw's plaza, YMCA and downtown Gloucester stores. FIRST SHOWINGS FRIDAY JULY 15th from 4-6 PM by appointment.

Last Agent to Sell the Property

Peter and Pam Lane

North Shore's Gold Coast Realty Listed on: 07/12/2016

Last Buyer's Agent

Peter and Pam Lane

North Shore's Gold Coast Realty Listed on: 07/12/2016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,042

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Fenced/Enclosed, Level
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Insc: 1293
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, T-Station
  • Electric: Circuit Breakers, 100 Amps, Individually Metered
  • Energy: Insulated Windows
  • Flooring: Tile, Vinyl, Wall to Wall Carpet, Laminate
  • Basement: Full, Concrete Floor, Unfinished Basement
  • Total Levels: 3

Exterior Features

  • Roof: Asphalt/Composition Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Fenced Yard
  • Foundation: Brick, Granite
  • Beach: Harbor
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: R5
  • Lot: 90

Multi Family

  • APOD Available: Yes
  • Expenses Year End: 12/15
  • Foundation: 32 X 29
  • Heat Units: 2
  • Interior Features Common: Storage
  • Total Bedrooms: 7
  • Total Floors: 3
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 12
  • Total Rent_1: 3470

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
$668,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,339
Avg. Annual Appreciation
7.61%
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%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Not Resolvable $342,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $487,500 Commercial
Closed $487,500 Commercial
Closed $353,500 Stand Alone Refi Refinance Of Original Loan
Closed $256,500 New Conventional
Previous Owner $192,500 No Value Available
Previous Owner $215,000 No Value Available
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

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 $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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72036797

MLS Property Information Network (MLS PIN)

APN: GLOU-000027-000090