118 Eastern Ave, Gloucester MA 01930

Gloucester, MA 01930
$530,000
Est. $2,821/month
5
Beds
2
Baths
2,436
Sq Ft
$218
Price/Sq Ft
0.60
Acres
1920
Year Built
2 Family - 2 Units Up/Down
Type
18
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73151327

About this home

Welcome Home To This Large Multi-2 Family Property That's Been In Same Family For Many Decades. Perched high above Eastern Ave lies a rare opportunity to own this private and secluded property situated on a lot of over half an acre, located within mins to Gloucester's sandy beaches, shops restaurants and easy hwy access! The 1st LL, is rustic offering 2 beds, 1 bath with in-unit laundry and rental income to off set mortgage costs. The 2nd lvl townhouse style unit offers open floor plan with updated kitchen and bath, 2 generous sized bedrooms with additional bedrooms and office space on 3rd LL. In-unit laundry, high ceilings and deck to enjoy morning sunrises and evening sunsets finish this unit. Newer roof, siding, updated electric panel and 10+ prkg . Oversized garage and workshop area provide space for craftsperson and additional storage. Property’s orientation creates a serene setting with a sprawling tree-lined lot, perfect outdoor space for both entertaining or a peaceful retreat.

Sale Statistics

Sale Overview
Original List Price: $679,900
Final Sale Price: $530,000
Difference: $149,900 (-22.0%)
Performance Metrics
78.0%
List to Sale Ratio
Sold below asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $279
Sale $/sq ft: $218
This property sold for $218 per square foot
Sale Summary

This property sold for 22.0% below the original asking price.

With only 18 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
1920
Bedrooms
5
Full Bathrooms
2
Living Area
2,436 sq ft
Total Rooms
11
Stories
3
Levels
3

Interior Features

Flooring
Tile, Vinyl, Carpet, Stone/Ceramic Tile
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Microwave, Refrigerator
Interior Features
Storage, Bathroom With Tub, Ceiling Fan(s), Pantry, Upgraded Cabinets, Open Floorplan, Remodeled, Living Room, Kitchen, Laundry Room, Family Room, Office/Den
Laundry Features
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Basement Details
Partial, Unfinished
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone, Brick/Mortar
Exterior Features
Garden
Patio/Porch Features
Porch, Deck - Wood, Covered
Has Spa
No
Waterfront Features
Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.60 acres
Lot Size
26,010 sq ft
Lot Size Area
0.6000
Lot Features
Cleared, Gentle Sloping
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
8
Parking Features
Paved Drive, Off Street, Deeded, Paved
Covered Parking Spaces
2

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Private Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Highway Access, Public School, Sidewalks
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,307
Tax Year
2023
Tax Assessed Value
$690,000
Parcel Number
1906563
Zoning
R-10

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Title V Approved. Ornamental Fireplace 1st LL. Refrigerator, W/D 2nd LL and shed "remain as gifts". Basement receives dampness/minor water during heavy rain. Tenants to remain at time of sale of property.
Exclusions
Refrigerator. W/D 1st Ll Remain With Tenants And Excluded From Sale Of Property.

Location

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Neighborhood

118 Eastern Ave, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Schools

Elementary School
East Gloucester
Rating information coming soon
Middle School
O'maley
Rating information coming soon
High School
Ghs
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $609
Homeowners Insurance $200
PMI $0

Property History

Market Insights

22%
Price Range
20
Total Days on Market

Property Timeline

Sold
Oct 10, 2023
$530,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Aug 23, 2023
$679,900
Original listing
Office: Century 21 North East

Price & Status History

Date Event Price Change
Aug 23, 2023 New Listing Added $679,900

Market Statistics

Days on Market
18 days
Price per Sq Ft
$218

Tax History

Year Taxes Assessment
2023 $7,307 $690,000

Financial Details

Annual Property Tax
$7,307
Tax Year 2023
Assessed Value
$690,000

Listing Information

Listing Agent Stacey Simpson
Listing Office Century 21 North East
Agent MLS ID C0003454
Office MLS ID AN4346

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