40 Middle Street # 1, Gloucester MA 01930

Gloucester, MA 01930

$475,000

Beds

Baths

820

Sq Ft

$579

Price/Sq Ft

0.17

Acres

1900

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Sep 27, 2024 • MLS# 73295732 Copied! • Updated Nov 23, 2024

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Sale Statistics

Sale Overview

Original List Price: $499,999

                            Final Sale Price:
                            $475,000
                        

Difference: $24,999 (-5.0%)

Performance Metrics

95.0%

List to Sale Ratio

Sold below asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $610

                            Sale $/sq ft:
                            $579
                        

This property sold for $579 per square foot

Sale Summary

This property sold for 5.0% below the original asking price.

With only 23 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 12 similar properties sold within 0.5 miles in the last 90 days

This Property

$579/sq ft

Area Median

$450/sq ft

Difference

+28.6%

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

About this home

Beautifully updated 1st floor, 3 bedroom condo in the heart of downtown Gloucester. New kitchen and bath. Open concept living room with great sunlight, new and refinished hardwood floors, in-unit laundry, storage, Steps from Main Street restaurants and shops, and the harbor, park and beach. Private yard. New patio. On-site parking. This unit has its own private entrance. Move right in. This gem won't last.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

Price Range

Total Days on Market

Property Timeline

✓

Sold

Nov 22, 2024

$475,000

Property sold

Days on Market: 25

🏠

Listed for Sale

Sep 27, 2024

$499,999

Original listing

Agent: Shoshanah Collins Office: Boston Metropolitan Realty

Date	Event	Price	Change	$/sqft	Details
11/22/2024	✓ Sold	$475,000	-	-	Property sold
09/27/2024	🏠 Listed for Sale	$499,999	-	-	Original listing

Tax History

Year	Taxes	Assessment
2024	$4,800	$499,000

Financial Details

Annual Property Tax

$4,800

Tax Year 2024

HOA Fee

$300

Monthly

Assessed Value

$499,000

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1900

Living Area 820 sq ft

Lot Size 0.17 acres

Bedrooms 3

Full Baths 1

Total Rooms 5

Interior

Heating Baseboard, Electric Baseboard

Cooling None

Flooring Wood, Tile, Laminate

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Energy Star Qualified Refrigerator, Energy Star Qualified Dryer, Energy Star Qualified Dishwasher, Energy Star Qualified Washer

Fireplace None

Basement Y

Laundry First Floor, In Unit, Electric Dryer Hookup, Washer Hookup

Features Finish - Sheetrock, Internet Available - Broadband

Exterior

Construction Frame

Architecture None

Roof Asphalt/composition Shingles

Features Porch, Patio, Rain Gutters

Pool None

Spa None

Fencing None

Patio/Porch Porch, Patio

Parking

Features Off Street, Assigned, Stone/gravel

Total Spaces 1

Utilities

Electric 100 Amp Service

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,800

Assessed Value $499,000

HOA & Community

HOA Fee $300 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Amenities None

Optional Fee $50

Optional Fee Includes Additional Parking Space

MA Disclosures

Seller Disclosures Re Taxes Are Estimates Since Building Was Just Converted To Condos. Owner Has Never Lived In The Building. Additional Parking Space Is Available To Lease For $50 Per Month. Sewer Easement.

Additional Details

Possession None

Accepted Financing Contract

Structure Type ["Low-Rise"]

Unit/Building 1

Sq Ft Source Unit Floor Plan

Documents Master Deed, Management Association Bylaws, Floor Plans, Association Financial Statements, Certificate Of Insurance (5)

County Essex

Total market time (incl. prior listings) 25 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1900

Bedrooms

Full Bathrooms

Living Area

820 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile, Laminate

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer

Interior Features: Finish - Sheetrock, Internet Available - Broadband

Windows: Insulated Windows

Basement: Y

Laundry: First Floor, In Unit, Electric Dryer Hookup, Washer Hookup

Security:

Construction & Materials

Year Built: 1900

Effective Year (Renovated): 2024

Structure Type: Low-Rise

Exterior Materials: Frame

Roof: Asphalt/Composition Shingles

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Electric Baseboard

Heating Zones: 2

Cooling: None

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Porch, Patio, Rain Gutters

Patio & Porch: Porch, Patio

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Assigned, Stone/Gravel

Nearby Schools

School information not available for this location.

Location

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Neighborhood

40 Middle Street # 1, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Office Boston Metropolitan Realty

Office Phone 508-969-2860

Agent MLS ID CN203525

Office MLS ID AN0194

Listing Data Updated Nov 23, 2024 10:00 AM EST

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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