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Gloucester 01930
118 Prospect St
$1,200,000
● House - For Sale

118 Prospect St

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$6,380
Est. Monthly

About This Property

Commanding a prominent presence in the heart of Gloucester's historic Seaport, this stunning Victorian seamlessly blends timeless architectural character with exceptional modern updates. Tastefully renovated to the highest standards, this turnkey property preserves an abundance of original details while offering the efficiency, & amenities expected by today's discerning buyer. Soaring ceilings & generously proportioned rooms create an elegant sense of scale throughout. The first-floor layout is perfectly suited to both day to day living and entertaining, with living & dining spaces flowing into a spacious kitchen featuring Cafe appliances, quartz counter tops, wine refrigerator & a striking marble backsplash. Upstairs, the palatial front-to-back primary suite offers a luxurious retreat, complete with a walk-in closet & spa-like bathroom featuring double vanity, shower & a soaking tub. A charming spiral staircase leads to the third floor turret room. Within the suite a bay window provides the perfect setting for an office or cozy reading nook. Thoughtful improvements include a new roof, Andersen high-efficiency windows, heat-pump water heater, heat-pump heating & cooling splits, red oak flooring, mahogany decking, and full insulation. The home also boasts a HERS rating, reflecting its enhanced energy efficiency. Exterior improvements include new landscaping with thoughtfully chosen plantings and trees, new sod, patio, cedar fencing, low voltage landscape lighting, expanded parking for two cars. New granite steps lead to the back yard and rear entrance, and repointed granite front steps lead to the original double entry doors, welcoming you into a home where historic elegance and modern sophistication come together effortlessly.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$545
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1894

Listed By

Margaret Donnelly Maher
Escalate Real Estate

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Last updated: 3 days ago (MLSPIN #73577195)

Price History

Date / Event Date Event Price
Sep 15, 2026 Listed by William Raveis R.E. & Home Services $1,200,000
Listed by William Raveis R.E. & Home Services
Feb 11, 2026 Sold
Sold
Jan 22, 2026 In contract -
In contract
Jan 15, 2026 Listed by North Shore's Gold Coast Realty $629,000
Listed by North Shore's Gold Coast Realty
Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout of your dreams either as 2 fam. or large single family, while the 5660 square feet lot provides a setting for outdoor enjoyment. Constructed in 1894, this home carries with it a rich heritage, poised to blend timeless charm with modern aspirations. This Gloucester residence is a promising venture, ready for its transformation into a cherished home. 2 car paved off street parking. Newer gas heating and hot water systems. Waterview Cupola room! Close to all downtown Gloucester has to offer!
Aug 28, 2014 Sold
Sold
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Property Highlights

Parking Available
With View
Parking Details
Has Open Parking
Parking Features: Off Street, Paved
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Electric Water Heater, Range, Dishwasher, Microwave, Refrigerator, Freezer, Wine Refrigerator
Flooring Type: Wood, Tile
Door Features: Insulated Doors
Laundry Features: Electric Dryer Hookup, Second Floor
Rooms: 6
Basement: Full, Interior Entry, Unfinished
Exterior Details
Square Footage: 2200
Architectural Style: Victorian
Year Built Source: Public Records
Year Built: 1894
Waterfront Features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Building Area Total: 2200
Building Area Units: Square Feet
Window Features: Insulated Windows
Patio and Porch Features: Porch, Patio
Lot Features: Corner Lot
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Lot Size Square Feet: 5765
Water Source: Public
Financial Details
Tax Assessed Value: $628,200
Tax Annual Amount: $5,849
Utilities Details
Cooling Type: Heat Pump
Heating Type: Heat Pump
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1894
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,765
  • Total Building Area: 2,106
  • Gross Building Area: 4,470
  • Building Area: 2,106
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,106
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221500

Zoning

  • Zoning: R-5

Geography

  • Parcel: GLOU M:0029 B:0021 L:0000
  • Block: 21
  • Municipality: GLOUCESTER
  • Latitude: 42.6165
  • Longitude: -70.6592

    Address

  • Full Address: 118 Prospect St
  • Address - House Number: 118
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C011
  • 4-Digit Zip Code: 3712
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $527,400

    Appraisal Valuation

  • Standard Deviation: 0.2229
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 639,051
  • High Value: 781,538
  • Low Value: 496,563

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $542,000
  • Assessed Land Value: $136,200
  • Assessed Improvements Value: $405,800

    Sales

  • Current Sale Recording Date: Aug 28, 2014
  • Current Sale Price:
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 82800173
  • Previous Sale Recording Date: May 03, 1990
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gloucester


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Frequently Asked Questions

When was property at 118 Prospect Street built and last sold?
The property at 118 Prospect Street was built in 1894 and last sold on Jan 1, 1970 for $330,250.
How much is this home worth?
The estimated value of the home located at 118 Prospect Street is $1,182,707.
What are some comparable homes to 118 Prospect Street?
There are currently no comparable homes to 118 Prospect Street.