118 Prospect St, Gloucester MA 01930
Gloucester, MA 01930
$580,000
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Sale Statistics
Sale Overview
Original List Price:
$629,000
Final Sale Price:
$580,000
Difference:
$49,000 (-7.8%)
Performance Metrics
92.2%
List to Sale Ratio
Sold below asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:
$299
Sale $/sq ft:
$275
This property sold for $275 per square foot
Sale Summary
This property sold for 7.8% below the original asking price.
With only 4 days on market, this was a quick sale compared to typical market conditions.
Nearby Sales Comparison
Based on 3 similar properties sold within 0.5 miles in the last 90 days
This Property
$275/sq ft
Area Median
$409/sq ft
Difference
32.8%
This property sold below the area median, potentially representing good value for the buyer.
About this home
Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout of your dreams either as 2 fam. or large single family, while the 5660 square feet lot provides a setting for outdoor enjoyment. Constructed in 1894, this home carries with it a rich heritage, poised to blend timeless charm with modern aspirations. This Gloucester residence is a promising venture, ready for its transformation into a cherished home. 2 car paved off street parking. Newer gas heating and hot water systems. Waterview Cupola room! Close to all downtown Gloucester has to offer!
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Public Records & Permits
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Property History
Market Insights
47.6%
Price Range
Property Timeline
Current Active Listing - MLS #73577195
Full transaction history available when tracking began
Currently Listed
Sep 15, 2026
$1,200,000
MLS #73577195 - Active
Status: Active under contract
Jan 21, 2026
Active → Active Under Contract
Pending Sale
Jan 20, 2026
Offer accepted, sale pending
Listed for Sale
Jan 15, 2026
$629,000
Original listing
Agent: Lane Team
Office: North Shore's Gold Coast Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/15/2026 | 🏡 Currently Listed | $1,200,000 | - | - | MLS #73577195 - Active |
| 01/21/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 01/20/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 01/15/2026 | 🏠 Listed for Sale | $629,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,849 | $628,200 |
Financial Details
Annual Property Tax
$5,849
Tax Year 2026
Assessed Value
$628,200
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1894
Living Area
2,106 sq ft
Lot Size
0.13 acres
Bedrooms
4
Full Baths
2
Total Rooms
8
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Interior
Heating
Forced Air, Natural Gas, Common, Unit Control
Cooling
None
Flooring
Plywood, Tile, Hardwood, Pine, Wood
Appliances
Range, Refrigerator, Washer, Dryer
Fireplace
None
Fireplaces
2
Basement
Full, Walk-out Access, Interior Entry, Concrete
Laundry
None
Features
Ceiling Fan(s), Floored Attic, Walk-up Attic, Bathroom With Tub & Shower, Living Room, Kitchen, Office/den
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Balcony/deck, Garden, Stone Wall
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Wood
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
2
Utilities
Electric
220 Volts, Circuit Breakers, 100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,849
Assessed Value
$628,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Property Being Sold In As Is Condition.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Peach
Sq Ft Source
Public Record
Sq Ft Disclosures
Additional unheated tower room not included in living area
Documents
None
County
Essex
Total market time (incl. prior listings)
9 days
Property Overview
Property Type
Multi Family
Listing Type
Sold
Year Built
1894
Bedrooms
4
Full Bathrooms
2
Living Area
2,106 sq ft
Total Rooms
8
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,106 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Plywood, Tile, Hardwood, Pine, Wood
Appliances:
Range, Refrigerator, Washer, Dryer
Interior Features:
Ceiling Fan(s), Floored Attic, Walk-Up Attic, Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
Windows:
Storm Window(s)
Basement:
Full, Walk-Out Access, Interior Entry, Concrete
Laundry:
Security:
Construction & Materials
Year Built:
1894
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Granite
Stories:
3
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas, Common, Unit Control
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Garden, Stone Wall
Patio & Porch:
Deck - Wood
Fencing:
Other Structures:
Lot Features:
Corner Lot, Gentle Sloping
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street, Paved
Special Features
Fireplaces:
2
Fireplace Type:
View:
Yes
View Type:
City View(s), Scenic View(s), City
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, Sidewalks
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
Elementary Schools
6 schools
Faith Christian School
1.5 mi
Grades PK-08
C
East Veterans Elementary School
0.5 mi
|
#650 of 825
|
Score: 38.3
Dropped 57 spots from last year
-20 below state avg
446 students
Diverse
Grades K-05
Gloucester PreSchool
0.8 mi
90 students
Moderate
Grades PK
C-
Beeman Memorial School
1.6 mi
|
#702 of 825
|
Score: 35.6
Dropped 173 spots from last year
-22.6 below state avg
296 students
Moderate
Grades K-05
C-
West Parish School
2.7 mi
|
#681 of 825
|
Score: 36.8
Dropped 243 spots from last year
-21.4 below state avg
359 students
Less Diverse
Grades K-05
B+
Plum Cove School
4.0 mi
|
#316 of 825
|
Score: 50.2
Improved 74 spots from last year
-8 below state avg
226 students
Moderate
Rising School
Grades K-05
Middle Schools
1 school
C+
Ralph B O'Maley Middle School
1.2 mi
|
#233 of 352
|
Score: 37.6
Improved 29 spots from last year
-20.6 below state avg
594 students
Moderate
Rising School
Grades 06-08
High Schools
1 school
C+
Gloucester High School
0.9 mi
|
#219 of 346
|
Score: 50.4
Improved 20 spots from last year
-7.8 below state avg
769 students
Moderate
17 sports
• 1,070 athletes
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
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Location
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Neighborhood
118 Prospect St, Gloucester MA 01930
Gloucester, MA 01930
Listing Information
Listing Agent
Lane Team
Listing Office
North Shore's Gold Coast Realty
Office Phone
978-283-4440
Agent MLS ID
TEAM0293
Office MLS ID
C95247
Listing Data Updated
Feb 11, 2026 3:45 PM EST
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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