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5 Michaels Lane

5 Michaels Lane, Gloucester, MA 01930
Multifamily in Gloucester
Local assessors in Gloucester, MA have categorized 5 Michaels Lane as a type of property. The home was built in 1974 and is 52 years old. The property's lot size has been calculated to be 25,556 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a . Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 200 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5 Michaels Lane has a total of 2,478 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is . The building has a style roof that was made of . Lots of were used in the construction of the exterior walls of the home. The home's is the primary heating source and it is being fueled with . Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5 Michaels Lane was last sold in Aug 6, 2019 for $630,000. According to our calculations, that's $254.24 per sqft. Prior to that sales transaction, the property was sold for $470,000 in Jan 1, 1970. Current property owners are expected to pay $831,400 in taxes per year. The property on 5 Michaels Lane was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $854,500. To break that down further, the land itself was valued at $279,000. While improvements to the property were assessed at a total of $575,500. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Paved Parking
Off Street Parking
Garage Parking
Attached Garage

Location

Corner Lot

Waterfront

Beach Front
Oceanfront
Access to Beach

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20190522
05/22/2019
4 Bed
3 Bath
2478 ft²
$699,000
bedrooms
4 Bed
bathrooms
3 Bath
square feet
2478 ft²
$630,000 -9.87%
09/03/2019
Laura Sawulski
Keller Williams Realty Evolution
20060811
08/11/2006
4 Bed
2 Bath
2478 ft²
$515,000
bedrooms
4 Bed
bathrooms
2 Bath
square feet
2478 ft²
$470,000 -8.74%
12/19/2006
Robert Carver


Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,418
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,556
  • Total Building Area: 2,478
  • Gross Building Area: 5,432
  • Building Area: 2,478
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,478
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000587
  • 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: 221300

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0076 B:0090 L:0000
  • Block: 90
  • Municipality: GLOUCESTER
  • Latitude: 42.6003
  • Longitude: -70.643

    Address

  • Full Address: 5 Michaels Ln
  • Address - House Number: 5
  • Address - Street Name: Michaels
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C016
  • 4-Digit Zip Code: 4270
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $831,400

    Appraisal Valuation

  • Standard Deviation: 0.1633
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 968,336
  • High Value: 1,126,553
  • Low Value: 810,119

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $854,500
  • Assessed Land Value: $279,000
  • Assessed Improvements Value: $575,500

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Sep 03, 2019
  • Current Sale Price:
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 605142
  • Previous Sale Recording Date: Dec 19, 2006
  • Previous Sale Amount: $470,000
  • Previous Sale Document Type: 48
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Gloucester



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Frequently Asked Questions

What neighborhood is 5 Michaels Lane located in?
The 5 Michaels Lane is a multifamily located in the neighborhood of Gloucester in Gloucester, Gloucester.
What is the average sales price for listings in 5 Michaels Lane?
The average sales price for units in 5 Michaels Lane is $699,000 , or $282/sqft. currently.