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5 Babson St # 2, Gloucester MA 01930

Gloucester, MA 01930
$975,000
2
Beds
2
Baths
1,710
Sq Ft
$570
Price/Sq Ft
1900
Year Built
2
Parking
15
Days on Market
Closed Listed Aug 14, 2024 • MLS# 73277776 Copied! • Updated Sep 30, 2024

Sale Statistics

Sale Overview
Original List Price: $995,000
Final Sale Price: $975,000
Difference: $20,000 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $582
Sale $/sq ft: $570
This property sold for $570 per square foot
Sale Summary

This property sold for 2.0% below the original asking price.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$570/sq ft
Area Average
$106/sq ft
Difference
+435.4%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Coastal Gloucester meets Back Bay charm in this old ship captain’s house with original mahogany entryway. Sitting atop the city of Gloucester, minutes from Main St. and the Boulevard, this 2 bed, 2 bath condo boasts a perfect blend of comfort and elegance. Enter to find a spacious living room flooded with natural light, while the adjoining study with marble fireplace provides a cozy retreat perfect for working from home. The modern kitchen is bright and airy with large windows, stainless steel appliances and a soapstone countertop breakfast bar that seamlessly flows into a formal dining space. Two generously sized bedrooms and two full baths, one en-suite. Finally,head out onto your private deck and entertain your guests while soaking in the picturesque water views and 4th of July fireworks. With hardwood floors, custom built-ins, in-unit laundry, and views of Gloucester harbor from each room, no detail has been overlooked. 2 parking spaces and extra basement storage.

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Recently Sold Nearby

Property History

Market Insights

2%
Price Range
16
Total Days on Market

Property Timeline

Sold
Sep 30, 2024
$975,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Aug 14, 2024
$995,000
Original listing
Agent: Windrift RE Group Office: Compass

Tax History

Year Taxes Assessment
2024 $5,935 $610,000

Financial Details

Annual Property Tax
$5,935
Tax Year 2024
HOA Fee
$419
Monthly
Assessed Value
$610,000

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,710 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 6

Interior

Heating Baseboard, Oil
Cooling None
Flooring Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Fireplaces 2
Basement Y
Laundry In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features Deck, Hot Tub/spa
Pool None
Spa Hot Tub/spa
Fencing None
Patio/Porch Deck
Features Off Street
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $5,935
Assessed Value $610,000

HOA & Community

HOA Fee $419 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Seller Disclosures Agent Is Owner.
Exclusions Hot Tub
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 2
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 16 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
1,710 sq ft
Total Rooms
6
Stories
1
Entry Level
2

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
Yes

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1900
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck, Hot Tub/Spa
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Special Features

Fireplaces: 2
Fireplace Type:
Spa/Hot Tub: Yes
Spa Features: Hot Tub/Spa
Community Amenities:
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

3 schools
C
East Veterans Elementary School
1.2 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
Faith Christian School
1.5 mi
Grades PK-08
M

Middle Schools

2 schools
C+
Ralph B O'Maley Middle School
1.2 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
B+
Rockport Middle High School
4.2 mi | #134 of 346 | Score: 56.9
Improved 7 spots from last year
-1.3 below state avg
367 students Less Diverse
High Graduation Rate College Ready Curriculum Strong Athletics
Grades 06-12
H

High Schools

1 school
C+
Gloucester High School
0.3 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

Location

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Neighborhood

5 Babson St # 2, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Office Compass
Office Phone 617-206-3333
Agent MLS ID TM352283
Office MLS ID AN2383
Listing Data Updated Sep 30, 2024 10:11 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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