Rare opportunity to own a waterfront mixed use multifamily right on beautiful Stacy Boulevard! A special place to enjoy the historic harbor of Gloucester. Well maintained and updated property with endless potential suitable for an owner occupied who wants to live in the residential unit and get income from the commercial space or a savvy investor/developer who would like to convert this multifamily into two condos. Condo docs are almost done. Amazing water views from almost every room! The residential unit has breathtaking views with 2,070 sq. ft., 2 bedrooms, 2 Large Bathrooms, nice size living room, dining room, laundry area, closets space and a private parking space for one car. This unit also has potential to build a garage and put a deck on top for outdoor space. The commercial space with 1,715 sq. ft. has a large conference area with amazing ocean views, 5 individual offices spaces, kitchen, handicap bathroom and a large finished basement used as an office and storage.
Sale Statistics
Sale Overview
Original List Price:$1,125,000
Final Sale Price:$1,200,000
Difference:
+$75,000 (+6.7%)
Performance Metrics
106.7%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$297
Sale $/sq ft:$317
This property sold for $317 per square foot
Sale Summary
This property sold for 6.7% above the original asking price, indicating strong buyer demand.
With only 20 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
3,785 sq ft
Total Rooms
9
Stories
4
Levels
4
Interior Features
Flooring
Carpet, Stone/Ceramic Tile
Heating
Natural Gas, Baseboard
Has Heating
Yes
Cooling
Ductless, Other
Has Cooling
Yes
Has Fireplace
No
Appliances
Microwave, Refrigerator, Range, Washer, Dryer
Interior Features
Cathedral/Vaulted Ceilings, Storage, Upgraded Cabinets, Upgraded Countertops, Open Floorplan, Kitchen
Basement Details
Full, Finished, Interior Entry
Window Features
Skylight(s), Insulated Windows, Storm Window(s)
Door Features
Insulated Doors
Exterior & Structure
Roof
Shingle
Foundation
Concrete Perimeter
Has Spa
No
View
City
Has View
Yes
Waterfront Features
Waterfront, Ocean, Bay, Harbor, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Waterfront Property
Yes
Lot & Land
Lot Size
0.04 acres
Lot Size
1,724 sq ft
Lot Size Area
0.0400
Lot Features
Corner Lot
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
220 Volts
Community & HOA
Community Features
Public Transportation, Shopping, Tennis Court(s), Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,013
Tax Year
2024
Tax Assessed Value
$823,500
Parcel Number
M:0003 B:0071 L:0000,1893513
Zoning
R-5
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Some pictures are virtually staged. Owners never live in the property. Owners are renting the office spaces month to month and they can stay or go. Residential unit is vacant. The units have separate utilities. Offices Desks, tables and TV are not included.
Listing Terms
Other (See Remarks)
Location
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Neighborhood
101 Western Ave, Gloucester MA 01930
Gloucester, MA 01930
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$668
Homeowners Insurance$200
PMI$0
Property History
Market Insights
6.3%
Price Range
22
Total Days on Market
Property Timeline
✓
Sold
May 17, 2024
$1,200,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Mar 14, 2024
$1,125,000
Original listing
Agent: Gabriela DebenedictisOffice: Coldwell Banker Realty - Manchester
