118 Eastern Ave

2,436 Sq. Ft.
$218 / Sq. Ft.
2,436
Sq. Ft.
$218
per Sq. Ft.

Description

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...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.
  1. Listed by Stacey Simpson • Century 21 North East

Property Details for 118 Eastern Avenue

Town
Gloucester
Area
MA-Gloucester
Garage Spaces
2
Open Parking Spaces
8.00
Parking Spaces Total
8
LISTING UPDATED: 10/13/2023 09:02 AM

Property Details for 118 Eastern Avenue

StatusSold
MLS #73151327
Days on Market20
Taxes$7,307 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1920
CountyEssex County

Location

Listing Courtesy of Century 21 North East, Stacey Simpson

Sold By Vadala Real Estate, Atlee Alman

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Building Information for 118 Eastern Avenue

Stories3Residences2Year Built1920Building Size-Lot Size0.60 AC / 26,010 SF

Payment Calculator

$3,278 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,669

Property Taxes

$609

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Rocket Mortgage1

Property Information for 118 Eastern Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, Sidewalks
  • Current Financing: Conv. Fixed
  • Living Area: 2436.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 2
  • Property Condition: Unit 2 Remodeled
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: East Gloucester
  • High School: Ghs
  • Middle School: O'maley
Features
Interior Features
  • Appliances: Unit 1(Range), Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Basement Features: Partial, Unfinished Basement
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet, Stone/Ceramic Tile Floor)
  • 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)
  • Laundry Features: Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Deck - Wood, Covered, Garden Area
  • Exterior Features: Porch, Deck - Wood, Covered Patio/Deck
  • Lot Description: Cleared, Gentle Sloping
  • Patio And Porch Features: Porch, Deck - Wood, Covered
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Deeded, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Deeded, Paved Driveway
  • Parking Features: Off-Street, Deeded, Paved Driveway
Utilities
  • Electric: Circuit Breakers
  • Sewer: Private Sewerage
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • 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.
Tax Information
  • Tax ID: 1906563
  • Assessments: $690,000
  • Book: 0
  • Tax Year: 2023
  • Zoning: R-10
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
Income / Expenses
  • GOI: $16,800.00
  • NOI: $16,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $1,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 118 Eastern Avenue

DateEvent & SourcePriceAppreciation
Oct 10, 2023

Sold

MLS PIN #73151327

$530,000
Aug 29, 2023

Under Agreement

MLS PIN #73151327

Aug 29, 2023

Contingent

MLS PIN #73151327

DateEvent & SourcePrice
10/10/2023

Sold

MLS PIN #73151327

$530,000
08/29/2023

Under Agreement

MLS PIN #73151327

08/29/2023

Contingent

MLS PIN #73151327

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 118 Eastern Avenue

Taxable ValueLand$202,900Additions$432,800Total$635,700
Tax Record2025$6,179 ($515 / month)
Home Facts
Baths2.5Total Finished SqFt2,436 SqFtAbove Grade Finished SqFt2,436 SqFtUnfinished Basement SqFt1,050 SqFtStories2Lot Size26,010 SqFtStyleDuplexYear Built1920ZoningR-10CountyESSEXAPNGLOU M:0264 B:0005 L:0000

Schools near 118 Eastern Avenue

This home is within Gloucester School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
East Veterans Elementary School
PublicK to 5

Ralph B O'Maley Innovation Middle School
Public6 to 8

Gloucester High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Century 21 North East, Stacey Simpson

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.