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5 Elm Avenue, Gloucester MA 01930

Gloucester, MA 01930 • Eastern Point
$1,595,000
$1,300,000
Est. $7,637/month
0.74
Acres
81
Days on Market
Active Price Drop -$295,000 Listed Apr 21, 2026 • MLS# 73504591 Copied! • Updated Jul 8, 2026

About this home

Outstanding land opportunity on coveted Eastern Point. This prime parcel is beautifully positioned on Elm Avenue and has views of Gloucester Harbor, Dog Bar Breakwater and the distant Boston skyline. There is an appoved 5-bedroom septic system in hand, with water and electricity at the street. A short stroll will take you to multiple beaches, private clubs and conservation land with endless trails to explore. Downtown Gloucester is moments away with fine dining, galleries, boutiques and cultural attractions that make the city the hub of the North Shore.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
18.5%
Price Range

Property Timeline

Price Reduced
Jul 8, 2026
$1,300,000 $295,000 (-18.5%)
From $1,595,000 to $1,300,000 (-18.5%)
🏠
Listed for Sale
Apr 21, 2026
$1,595,000
Original listing
Agent: Scott Smith Office: Coldwell Banker Realty - Manchester

Tax History

Year Taxes Assessment
2026 $10,364 $1,113,200

Financial Details

Annual Property Tax
$10,364
Tax Year 2026
Assessed Value
$1,113,200

Facts & Features

Home Facts

Type Land
Style Residential
Lot Size 0.74 acres

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Utilities

Electric At Street
Water At Street
Sewer Other
Gas Nearby
Other None
Annual Tax $10,364
Assessed Value $1,113,200
Seller Disclosures Subject To Seller Obtaining License To Sell.
Possession None
Accepted Financing None
Structure Type []
Documents Septic Design (1)
County Essex
Total market time (incl. prior listings) 78 days

Property Overview

Property Type
Residential
Listing Type
Land

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: At Street
Sewer: Other
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Easements, Wooded
Road Surface:

Parking & Garage

Parking Features:

Special Features

View: Yes
View Type: Scenic View(s)
Community Amenities: Shopping, Tennis Court(s), Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Marina, T-Station
School District
Gloucester School District local
C-
🎓 Where Graduates Go Class of 2021
42% attend college
31% 4-Year 11% 2-Year 17% Out of State 14% Working
School Safety 2024-25
1.9% Average
1.9% Suspensions 0.5% In-School
3.6% below state avg
E

Elementary Schools

6 schools
Faith Christian School
3.2 mi
Grades PK-08
C
East Veterans Elementary School
2.3 mi | #651 of 824 | Score: 38.2
Dropped 58 spots from last year
-20 below state avg
451 students Diverse
Grades K-05
Gloucester PreSchool
2.8 mi
101 students Moderate
Grades PK
C-
West Parish School
3.4 mi | #683 of 824 | Score: 36.5
Dropped 245 spots from last year
-21.7 below state avg
382 students Less Diverse
Grades K-05
C-
Beeman Memorial School
3.4 mi | #701 of 824 | Score: 35.6
Dropped 172 spots from last year
-22.6 below state avg
292 students Diverse
Grades K-05
B+
Plum Cove School
6.0 mi | #322 of 824 | Score: 50.1
Improved 68 spots from last year
-8.1 below state avg
217 students Less Diverse
Rising School
Grades K-05
M

Middle Schools

1 school
C+
Ralph B O'Maley Middle School
3.0 mi | #238 of 352 | Score: 37.3
Improved 24 spots from last year
-20.9 below state avg
619 students Moderate
Rising School
Grades 06-08
H

High Schools

1 school
C+
Gloucester High School
1.9 mi | #212 of 346 | Score: 50.4
Improved 27 spots from last year
-7.8 below state avg
776 students Moderate
17 sports • 1,070 athletes
Rising School Career Tech Programs Strong Athletics
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $864
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Eastern Point

5 Elm Avenue, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Agent Scott Smith
Listing Office Coldwell Banker Realty - Manchester
Office Phone 978-526-7572
Agent MLS ID C8001248
Office MLS ID AN6220
Listing Data Updated Jul 8, 2026 3:25 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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