2 family investment property located in Central Gloucester consisting of a large 8 Rm 5 BR 2 BA 2nd floor apt above a 1st floor 4 Rm 2 BR 1 BA apt. Current monthly rents total $3950 or $47,400 yearly (below market rate). Expenses for 2023 were $12,021 including re taxes. Updated utilities include 2 sep fhw by gas boilers (1 new in 2023), 2 sep gas hw heaters (2022 and 2023) and two 100 amp electric services. Low maintenance vinyl siding 10 yr and roof done in 2016. Ample paved off-street parking for 6 cars. Long term tenants of 19 and 15 years. Large fenced level yard. 2 secure storage areas in basement. Both units have letters of compliance with regard to lead paint. Property is very convenient to T commuter rail station, Shaw's plaza, Rt. 128, and downtown Gloucester shops and restaurants. FIRST SHOWINGS Sat. May 18th from 10;30 -12 by appointment only. POTENTIAL FOR CONVERSION TO 3 FAMILY. Nearby Burnham's Field playground, walking track, ball fields, and community gardens.
Sale Statistics
Sale Overview
Original List Price:$650,000
Final Sale Price:$650,000
Difference:
+$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$294
Sale $/sq ft:$294
This property sold for $294 per square foot
Sale Summary
This property sold exactly at the asking price.
With only 4 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
1900
Bedrooms
7
Full Bathrooms
3
Living Area
2,209 sq ft
Total Rooms
12
Stories
3
Levels
3
Interior Features
Flooring
Tile, Vinyl, Carpet, Laminate
Heating
Baseboard, Natural Gas, Individual, Unit Control
Has Heating
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator
Interior Features
Storage, Living Room, Kitchen, Dining Room
Basement Details
Full, Interior Entry, Bulkhead, Concrete
Window Features
Insulated Windows
Door Features
Insulated Doors
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Brick/Mortar, Granite
Foundation Area
928 sq ft
Patio/Porch Features
Porch
Fencing
Fenced/Enclosed, Fenced
Has Spa
No
Waterfront Features
Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$5,042
Tax Year
2024
Tax Assessed Value
$518,200
Tax Lot
90
Tax Map Number
27
Parcel Number
4434131
Zoning
R5
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Location
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Neighborhood
98 Pleasant St, Gloucester MA 01930
Gloucester, MA 01930
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$420
Homeowners Insurance$200
PMI$0
Property History
Market Insights
5
Total Days on Market
Property Timeline
✓
Sold
Jul 29, 2024
$650,000
Property sold
Days on Market: 5
🏠
Listed for Sale
May 15, 2024
$650,000
Original listing
Agent: Lane TeamOffice: North Shore's Gold Coast Realty
