Beds5
Baths2
Sq.Ft.2,436
Year1920
Peabody MA - Century 21 North East Office
(800) 844-7653
Status:
Sold
Property Type:2 Family - 2 Units Up/Down
MLS #:73151327
Sq. Feet:2,436
Date Sold:10/10/2023
Lot Size:0.6 Acres
County:Essex
Welcome Home To This Large Multi-2 Family Property That's Been In Same Family For Many Decades. Perched high above Eastern Ave lies a rare opportunity to own this private and secluded property situated on a lot of over half an acre, located within mins to Gloucester's sandy beaches, shops restaurants and easy hwy access! The 1st LL, is rustic offering 2 beds, 1 bath with in-unit laundry and rental income to off set mortgage costs. The 2nd lvl townhouse style unit offers open floor plan with updated kitchen and bath, 2 generous sized bedrooms with additional bedrooms and office space on 3rd LL. In-unit laundry, high ceilings and deck to enjoy morning sunrises and evening sunsets finish this unit. Newer roof, siding, updated electric panel and 10+ prkg . Oversized garage and workshop area provide space for craftsperson and additional storage. Property's orientation creates a serene setting with a sprawling tree-lined lot, perfect outdoor space for both entertaining or a peaceful retreat.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 10/13/2023 | $679,900 | $530,000 | -22% |
Community Information
Address:118 Eastern Ave, Gloucester, MA 01930
County:Essex
City:Gloucester
Zip Code:01930
School Information
High School:Ghs
Middle School:O'maley
Elementary School:East Gloucester
Architecture
Bedrooms:
5
Bathrooms:
2
Year Built:1920
Stories:3
Construction Materials: Frame
Building Area: 2436
Roof: Shingle
Foundation: Stone, Brick/Mortar
Basement: Partial, Unfinished
Garage Yes/No: Yes
Garage Spaces: 2
Parking Features: Paved Drive, Off Street, Deeded, Paved
Covered Spaces: 2
Parking Total: 8
Features / Amenities
Interior Features: Unit 1(Storage, Bathroom With Tub), Unit 2(Ceiling Fans, Pantry, Storage, Upgraded Cabinets, Bathroom With Tub, Open Floor Plan), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Family Room, Office/Den)
Appliances: Unit 1(Range), Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Fireplace Yes/No: Yes
Flooring: Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet, Stone/Ceramic Tile Floor)
Laundry: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room
Exterior Features: Porch, Deck - Wood, Covered Patio/Deck, Garden Area
Patio And Porch: Porch, Deck - Wood, Covered
Window: Insulated Windows
Total Rooms:11
Property Features
Lot Size:
0.6 Acres
Lot Features: Cleared, Gentle Sloping
Waterfront: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Sewer: Private Sewer
Water: Public
Electric: Circuit Breakers
Road Frontage: Public
Road Responsibility: Public Maintained Road
Road Surface: Paved
Zoning:R-10
Directions:Rte 128 To Rte 127 To 118 Eastern Ave
Tax and Financial Info
Tax Year: 2023
Tax Annual Amount: $7,307
Current Financing: Conv. Fixed
Contingency: Pending P&S
Gross Income: $16,800
Net Operating Income: $16,800
Total Actual Rent: $1,400
Buyer Agency Compensation: 2
Transaction Broker Compensation: 1
Buyer Agent Compensation: 2
Disclosures: Title V Approved. Ornamental Fireplace 1st LL. Refrigerator, W/D 2nd LL and shed "remain as gifts". Basement receives dampness/minor water during heavy rain. Tenants to remain at time of sale of property.
Listing Agent/Office
Listing provided courtesy of Stacey Simpson, Century 21 North East.
Schools
Welcome Home To This Large Multi-2 Family Property That's Been In Same Family For Many Decades. Perched high above Eastern Ave lies a rare opportunity to own this private and secluded property situated on a lot of over half an acre, located within mins to Gloucester's sandy beaches, shops restaurants and easy hwy access! The 1st LL, is rustic offering 2 beds, 1 bath with in-unit laundry and rental income to off set mortgage costs. The 2nd lvl townhouse style unit offers open floor plan with updated kitchen and bath, 2 generous sized bedrooms with additional bedrooms and office space on 3rd LL. In-unit laundry, high ceilings and deck to enjoy morning sunrises and evening sunsets finish this unit. Newer roof, siding, updated electric panel and 10+ prkg . Oversized garage and workshop area provide space for craftsperson and additional storage. Property's orientation creates a serene setting with a sprawling tree-lined lot, perfect outdoor space for both entertaining or a peaceful retreat.
Make this $530,000, 5 bed, 2 bath 2 family - 2 units up/down for sale in Essex County, Gloucester, MA 01930 at 118 Eastern Ave your home today by Scheduling A Tour using the form above. 73151327
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Listing Information Last Updated 11/28/2023