7 Cove Way Gloucester, MA ^$ 2,295,000

7 Cove Way

^$ 2,295,000

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7 Cove Way

Gloucester, MA, 01930

^$ 2,295,000

Bedrooms5 Baths3.0 Sq 2,680

Monthly Estimate*

^$ 16,031

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Single Family Home for sale in Gloucester, MA

for $2,295,000 with 5 bedrooms and 3 full baths. This 2,680 square foot home was built in 1920 on a lot size of 0.84.

Occupying a private waterfront site on Annisquam River, this property has been in the same family since the early 80’s. Used now as a seasonal getaway, the home could be renovated to provide a year-round family compound just up river from downtown Gloucester and moments from route 128 to Boston. The two-level home is ideally situated to enjoy its splendid natural setting, with walls of windows and expansive new decks framing waterviews. The main level has a large primary bedroom, full bath with porthole window, and large kitchen opening to fire-placed living and dining areas. On the upper level are 3 bedrooms with river views, full bath and deck. Outside, the property is bordered by terraced gardens and rock outcroppings, with a tidal dock, tidal beach, and storage shed. A separate 2-story garage has heated space for multiple cars and/or boat,with large 1-bedroom one bath apartment above with full kitchen. A rare opportunity to support multi-generational living on the water in Glou.

Single Family Active

Price

^$ 2,295,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 14,694

Style

Contemporary

Lot Size

0.84

Year Built

1920

Town/City

Gloucester

County/Region

Essex

MLS | Web ID

73227075

List By

Amanda Armstrong Group

Listing Agent

Compass

Broker

Affordability Calculator

$17,256

Per Month

Monthly Principal & Interest: $16,031
Monthly Property Taxes: $1,225
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Single family listings in Gloucester, MA

Average List Price ^$2,597,495

Percent of Sale Price 13%

About Gloucester, MA

29,325 Population

-3% Since 2002

^$65,220 Median Income

48.77 Median Age

20% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
4/23/2024	$2,295,000		Listed Price

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7 Cove Way, Gloucester, MA, 01930 is a Single Family Home for sale at $2,295,000 with 2,680 sqft and a lot size of 0.84. 7 Cove Way has 5 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 01930 which is in Gloucester, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 5/5/2024.

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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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7 Cove Way

Single Family Home for sale in Gloucester, MA

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