368 Essex Ave Gloucester, MA 01930
West Gloucester NeighborhoodEstimated payment $9,034/month
Total Views
11,446
7
Beds
3
Baths
3,831
Sq Ft
$391
Price per Sq Ft
Highlights
- Marina
- Property is near public transit
- 1 Fireplace
- 3.7 Acre Lot
- Wooded Lot
- Jogging Path
About This Home
Investors and developers, take note! This is a rare opportunity to acquire a substantial 3.7-acre parcel in a highly desirable West Gloucester location. This offering includes a considerable three-family property situated on a sprawling 2.44-acre lot, with an additional 1.26-acre lot being sold together. The existing property offers immediate income potential with three separate units. However, the real allure lies in the significant potential for subdivision (subject to buyer due diligence and approvals). Zoning is R20 with potential for 5 ANR lots and the property may be included in a future MBTA MF 3A Overlay district (not yet established). Imagine the possibilities for future development! Don't miss out on this unique chance to own a significant piece of land in a prime Gloucester setting.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,065
Year Built
- Built in 1920
Lot Details
- 3.7 Acre Lot
- Near Conservation Area
- Sloped Lot
- Wooded Lot
- Garden
- Additional Land
Parking
- 2 Car Garage
- Shared Driveway
- Unpaved Parking
- Open Parking
- Off-Street Parking
Home Design
- Manufactured Home on a slab
- Shingle Roof
Interior Spaces
- 3,831 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
- Washer and Electric Dryer Hookup
Flooring
- Carpet
- Concrete
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Location
- Property is near public transit
- Property is near schools
Schools
- West Parish Elementary School
- O'maley Middle School
- GHS High School
Additional Features
- Porch
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number M:0229 B:0039 L:0000,1904863
Community Details
Recreation
- Marina
- Jogging Path
Additional Features
- 3 Units
- Net Operating Income $21,600
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,065 | $931,700 | $249,600 | $682,100 |
| 2024 | $9,065 | $931,700 | $249,600 | $682,100 |
| 2023 | $9,387 | $886,400 | $222,800 | $663,600 |
| 2022 | $8,510 | $725,500 | $193,700 | $531,800 |
| 2021 | $8,237 | $662,100 | $176,400 | $485,700 |
| 2020 | $7,823 | $634,500 | $176,400 | $458,100 |
| 2019 | $7,312 | $576,200 | $176,400 | $399,800 |
| 2018 | $7,053 | $545,500 | $176,400 | $369,100 |
| 2017 | $6,802 | $515,700 | $168,000 | $347,700 |
| 2016 | $6,450 | $473,900 | $175,300 | $298,600 |
| 2015 | $6,343 | $464,700 | $175,300 | $289,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $1,499,000 | 0.0% | $391 / Sq Ft |
| 06/18/2025 06/18/25 | Pending | -- | -- | -- |
| 05/29/2025 05/29/25 | Price Changed | $1,499,000 | -11.8% | $391 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $1,699,000 | -- | $443 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Foreclosure Deed | $125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Open | $300,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $135,000 | No Value Available | |
| Closed | $120,000 | No Value Available | |
| Closed | $107,000 | No Value Available |
Source: Public Records
Similar Home in Gloucester, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73373946
APN: GLOU-000229-000039
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.
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