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
$1,008,700 Zestimate®
$287/sqft
$3,785 Estimated rent
Home value
$1,008,700
$948,000 - $1.07M
$3,785/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 26, 2023 at 12:32pm
Listed by:
James Brown 978-810-1332,
Coldwell Banker Realty - Manchester 978-526-7572
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
- Baseboard, Oil
Appliances
- Laundry: Gas Dryer Hookup, Electric Dryer Hookup
Features
- Storage, Bathroom With Tub & Shower, Dining Room, Kitchen, Family Room, Laundry Room
- Flooring: Wood, Tile, Vinyl, Carpet, Stone/Ceramic Tile, Hardwood
- Basement: Full,Walk-Out Access,Concrete
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Electric, Gas, Propane
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
- Uncovered spaces: 6
Features
- Patio & porch: Deck - Wood
- Exterior features: Balcony/Deck
- Has view: Yes
- View description: Scenic View(s)
- Waterfront features: 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
Price history
| Date | Event | Price |
|---|---|---|
| 7/26/2023 | Sold | $932,000+4.8%$287/sqft |
Source: MLS PIN #73076704 | ||
| 2/6/2023 | Listed for sale | $889,000$274/sqft |
Source: MLS PIN #73076704 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,631 | $887,000 |
| 2024 | $8,631 -6.6% | $887,000 +1.7% |
| 2023 | $9,237 | $872,200 |
Find assessor info on the county website
Neighborhood: 01930
Nearby schools
GreatSchools rating
- 6/10West Parish Elementary SchoolGrades: K-5Distance: 2.2 mi
- 3/10Ralph B O'Maley Innovation Middle SchoolGrades: 6-8Distance: 3.7 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: West Parish
- Middle: Ralph B O'maley
- High: Gloucester H.S.
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,008,700
2% more+ $20,174
With Zillow Showcase(estimated)
$1,028,874