197 E. Main # 2, Gloucester MA 01930

Gloucester, MA 01930 • East Gloucester

$475,000

Est. $3,090/month

3

Beds

1

Baths

1,505

Sq Ft

$316

Price/Sq Ft

0.06

Acres

1900

Year Built

Condominium

Type

89

Days on Market

Pending Price Drop -$75,000 Listed Nov 18, 2025 • MLS# 73455976 Copied!

About this home

Iconic and storied East Gloucester location with two floors of amazing potential! Second/Third floor condo unit is a two-story apartment, with high ceilings, great light and lovely views of Smith Cove and Gloucester harbor. Large roof deck overlooking the water. The apartment consists of three bedrooms, one bathroom, large living room, dining room and kitchen with views. Kitchen and bathroom are in need of renovation. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner. Rocky Neck, Niles Beach and Good Harbor minutes away.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan with phone

Get the full experience in the BMN Boston app

Property Overview

Property Type

Condominium

Listing Type

For Sale

Year Built

1900

Bedrooms

3

Full Bathrooms

1

Living Area

1,505 sq ft

Total Rooms

6

Stories

2

Entry Level

2

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1900

Living Area 1,505 sq ft

Lot Size 0.06 acres

Bedrooms 3

Full Baths 1

Total Rooms 6

Interior

Heating Baseboard, Oil

Cooling None

Flooring Wood, Tile, Vinyl, Carpet, Flooring - Wall To Wall Carpet, Flooring - Stone/ceramic Tile

Appliances Range, Refrigerator

Fireplace None

Basement Y

Laundry In Unit, Electric Dryer Hookup

Features Closet, Lighting - Pendant, Den, Foyer, Internet Available - Broadband

Exterior

Construction Frame

Architecture None

Roof Shingle, Rubber

Features Deck - Roof, Rain Gutters

Pool None

Spa None

Fencing None

Patio/Porch Deck - Roof

Parking

Features None

Utilities

Electric 220 Volts, Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range, For Electric Dryer

Financial

Annual Tax $2,855

Assessed Value $734,200

Interior Features

Flooring: Wood, Tile, Vinyl, Carpet, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile

Appliances: Range, Refrigerator

Interior Features: Closet, Lighting - Pendant, Den, Foyer, Internet Available - Broadband

Windows: Window(s) - Bay/Bow/Box

Basement: Y

Laundry: In Unit, Electric Dryer Hookup

Security:

Construction & Materials

Year Built: 1900

Effective Year (Renovated): 2025

Structure Type: Townhouse, Low-Rise

Exterior Materials: Frame

Roof: Shingle, Rubber

Foundation:

Stories: 2

Heating, Cooling & Utilities

Heating: Baseboard, Oil

Heating Zones: 1

Cooling: None

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Deck - Roof, Rain Gutters

Patio & Porch: Deck - Roof

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features: None

Location

Loading map...

Neighborhood

East Gloucester

197 E. Main # 2, Gloucester MA 01930

Gloucester, MA 01930

Walkability

Loading Walk Score...

Nearby Schools

School District

Gloucester School District local

C-

🎓 Where Graduates Go Class of 2021

42% attend college

31% 4-Year 11% 2-Year 17% Out of State 14% Working

✓ School Safety 2024-25

1.9% Average

1.9% Suspensions 0.5% In-School

↓ 3.6% below state avg

E

Elementary Schools

6 schools

Faith Christian School

2.1 mi

Grades PK-08

C

East Veterans Elementary School

0.8 mi | #651 of 824 | Score: 38.2

Dropped 58 spots from last year

-20 below state avg

451 students Diverse

Grades K-05

Gloucester PreSchool

1.3 mi

101 students Moderate

Grades PK

C-

Beeman Memorial School

2.2 mi | #701 of 824 | Score: 35.6

Dropped 172 spots from last year

-22.6 below state avg

292 students Diverse

Grades K-05

C-

West Parish School

3.2 mi | #683 of 824 | Score: 36.5

Dropped 245 spots from last year

-21.7 below state avg

382 students Less Diverse

Grades K-05

B+

Plum Cove School

4.5 mi | #322 of 824 | Score: 50.1

Improved 68 spots from last year

-8.1 below state avg

217 students Less Diverse

Rising School

Grades K-05

M

Middle Schools

1 school

C+

Ralph B O'Maley Middle School

1.8 mi | #238 of 352 | Score: 37.3

Improved 24 spots from last year

-20.9 below state avg

619 students Moderate

Rising School

Grades 06-08

H

High Schools

1 school

C+

Gloucester High School

1.3 mi | #212 of 346 | Score: 50.4

Improved 27 spots from last year

-7.8 below state avg

776 students Moderate

17 sports • 1,070 athletes

Rising School Career Tech Programs Strong Athletics

Grades 09-12

Learn about these ratings

Loading comparison...

Monthly Payment Calculator

Monthly Payment

$0

Principal, interest, taxes & insurance

Loan Amount

$0

After down payment

Total Interest

$0

Over life of loan

Total Cost

$0

Including down payment

Home Price

Down Payment

%

Down: $0

Interest Rate

%

Loan Term

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $238

Homeowners Insurance $200

HOA Fee $250/mo

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

-0.5% Rate

$0/mo

Save $0/mo

Current Rate

$0/mo

+0.5% Rate

$0/mo

Cost $0/mo

Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1

Price Changes

5%

Price Range

Property Timeline

📋

Status: Active under contract

Feb 3, 2026

Active → Active Under Contract

⏳

Pending Sale

Feb 1, 2026

Offer accepted, sale pending

↓

Price Reduced

Jan 9, 2026

$475,000 $25,000 (-5%)

From $500,000 to $475,000 (-5.0%)

🏠

Listed for Sale

Nov 18, 2025

$500,000

Original listing

Agent: Andree Gillian Group Office: Engel & Volkers By the Sea

Date	Event	Price	Change	$/sqft	Details
02/03/2026	📋 Status: Active under contract	-	-	-	Active → Active Under Contract
02/01/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
01/09/2026	↓ Price Reduced	$475,000	$25,000	-	From $500,000 to $475,000 (-5.0%)
11/18/2025	🏠 Listed for Sale	$500,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Feb 3, 2026	Status: Active under contract	$0	—
Jan 9, 2026	Price Changed	$475,000	-$25,000
Nov 18, 2025	New Listing Added	$500,000	—

Market Statistics

Days on Market

89 days

Price per Sq Ft

$316

Total Price Drop

-$75,000

Tax History

Year	Taxes	Assessment
2025	$2,855	$734,200

Financial Details

Annual Property Tax

$2,855

Tax Year 2025

HOA Fee

$250

Monthly

Assessed Value

$734,200

Elementary Schools

Middle Schools

High Schools

Monthly Payment Breakdown

Loan Summary

Status: Active under contract

Pending Sale

Price Reduced

Listed for Sale

Customize Comparable Search

Distance & Location

Property Characteristics

Price & Value

Property Features

Market Filters

Display Options

📍 Comparable Properties Map

197 E. Main # 2, Gloucester MA 01930

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Calculator

Monthly Payment Breakdown

Loan Summary

Rate Impact

Payment Over Time

Property History

Market Insights

Property Timeline

Status: Active under contract

Pending Sale

Price Reduced

Listed for Sale

Detailed History Table ▼

Price & Status History

Market Statistics

Tax History

Financial Details

Listing Information

Comparable Properties

Customize Comparable Search

Distance & Location

Property Characteristics

Price & Value

Property Features

Market Filters

Display Options

📍 Comparable Properties Map

Adjust Property Details

Market Analytics for Gloucester, MA

BMN Boston Real Estate

Schedule a Tour

Get the BMN Boston App