UNIQUE OPPORTUNITY in beautiful Magnolia, MA, this lovely two-family home provides unique opportunities for its next owner. Sitting back off the road, on a spacious lot with a large back and side yard, this property also includes an additional 1+ acre wooded lot which is contiguous with the rear property line. The existing home may be maintained as an owner-occupied two-family, with additional rental unit subsidizing expenses; or, used as a two-family rental-income investment property; or could easily be converted into a spacious single-family residence. Sale includes an additional 1+ acre lot (114R Magnolia Ave, ID 194-78), zoned "General Industrial".
Sold for $932,000 on 07/26/23
$932,000
124 Magnolia Ave, Gloucester, MA 01930
5beds
3,248sqft
2 Family - 2 Units Side by Side
Built in 2007
-- sqft lot
$1,033,300 Zestimate®
$287/sqft
$5,012 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 26, 2023 at 12:32pm
Listed by:
James Brown,
Coldwell Banker Realty - Manchester
Bought with:
Katie Varney
Classified Realty Group
Source: MLS PIN,MLS#: 73076704
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Has Heating (Unspecified Type)
Features
- Kitchen
- Flooring: Wood, Tile, Vinyl, Carpet
- Basement: Full,Walk-Out Access,Concrete
- Number of fireplaces: 1
Interior area
- Total structure area: 3,248
- Total interior livable area: 3,248 sqft
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street, Guest, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck - Wood
- Has view: Yes
- View description: Scenic View(s)
- Waterfront features: Beach Front, Stream, Bay, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Private, Public)
- Frontage length: 100.00
Lot
- Size: 1.26 Acres
- Features: Level
Details
- Parcel number: 10430,1903317
- Zoning: R-30
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Side by Side
Materials
- Frame, Modular
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 2007
Utilities & green energy
- Electric: 110 Volts, Circuit Breakers, 150 Amp Service
- Sewer: Private Sewer
- Water: Public, Individual Meter
- Utilities for property: for Gas Range, for Electric Range, for Electric Oven, for Gas Dryer, for Electric Dryer, Icemaker Connection
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Conservation Area, Highway Access, House of Worship, Public School
Location
- Region: Gloucester
HOA & financial
Other financial information
- Total actual rent: 1600
Other
Other facts
- Road surface type: Paved
Services availability
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,033,300
2% more+ $20,666
With Zillow Showcase(estimated)
$1,053,966