Waterfront - Eco Friendly
Address
10 Oakes Ave Gloucester, MA
Price
$ 3,500,000
Property Attributes
  • MLS#72873603
  • TypeMulti-Family
  • CountyESSEX
  • CityGloucester
  • AreaMagnolia
  • Zip01930
  • Style5-9 Family
  • Year Built1907
  • Taxes$ 27765
  • Price$ 3,500,000
  • Bedrooms14
  • Full Bathrooms11
  • Half Bathrooms0
  • Sqr Footage9501
  • Lot Size0.43 Acres
Listing Provided Courtesy Of:
Daniel Cutler with Bay Colony Realty.
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description

RARE OPPORTUNITY to own an 11-unit building with stunning, unobstructed, oceanfront views. SHORE DRIVE MANOR sits at the tip of Magnolia Point. Once a hotel frequented by high-society, the property still retains features of a time gone by. Beautiful woodwork, paneling, beamed ceilings, stained glass, hardwood floors, fireplaces, and built-ins. Units are fully occupied and seller has updated Buderus Oil Boilers, water heater, and electric. The literature from the former hotel puts it best: "When you can relax at the waters edge caressed by Cape Ann's cool breezes, relax in the warm sun, take short walks to the beach, be centrally located to explore Cape Ann's wonders...who could ask for anything more?"

Price History
7/29/2021 Listed $3,500,000

General Features

Construction Material Frame
Distance to Beach in Miles 1/10 to 3/10
Electrical Equipment/Features Circuit Breakers, 200 Amps, Individually Metered
Energy Features Varies per Unit
Exterior Features Porch, Patio, Sprinkler System, Screens, Varies per Unit
Fireplaces 3
Flooring Varies Per Unit
Full Baths 11
Heated Units 3
Lead Paint Unknown
Levels 2
Parking Features Off-Street, Assigned, Paved Driveway
Parking Spaces 18
Roof Asphalt/Fiberglass Shingles, Rubber
Sewer Private Sewerage
Square Feet 9501.00
State Massachusetts
Total Fireplaces 3
Unit 1 Rent 1750
Unit 2 Rent 1750
Waterfront Ocean
Year End Expenses 12/20

Interior Features

Basement Features Full, Finished
Bedrooms (1) 2
Bedrooms (2) 2
Hot Water Tank, Varies Per Unit, Other (See Remarks)
Total Bedrooms 14
Total Number of Units 11

Exterior Features

Exterior Shingles, Asbestos
Foundation Granite
House Color Gray
Lot Description Corner, Paved Drive, Gentle Slope, Scenic View(s)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 01930

Price
AVG $3.5M
$3.5M
Taxes
AVG $27,765
$27,765
Visits
AVG 108
107
Year Built
AVG 1907
1907
Walkscore
AVG 36
36
Data Provided by Walkscore ® not using MLS data

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