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78 Grove St, Gloucester MA 01930

Gloucester, MA 01930
$760,000
$699,000
Est. $4,195/month
5
Beds
2
Baths
2,544
Sq Ft
$275
Price/Sq Ft
0.11
Acres
1900
Year Built
6
Parking
96
Days on Market
Pending Price Drop -$61,000 Listed Sep 18, 2025 • MLS# 73432543 Copied! • Updated Dec 25, 2025

About this home

Central Gloucester owner occupied 2 family with nice floor plan in each unit! Spacious living rooms, formal dining rooms, and eat in kitchens! Unit 1 first floor has 2 BR. Unit 2 (Owner's unit) has 3 BR's and features 2 levels with a large primary BR suite on 3rd floor with huge walk-in closet. Separate utilities and separate laundry facilities for each unit! Full basement. Easy care fenced rear yard with patio and garden area. Ample paved parking with 4 car tandem for owner's unit and a separate 2 car parking area for rental unit. Low maintenance vinyl siding and replacement windows. 2 woodstoves help with heating bills. Quick access to Rt. 128, T station, downtown Gloucester and Gloucester Crossing shopping plaza!

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

1
Price Changes
8%
Price Range

Property Timeline

Pending Sale
Dec 10, 2025
Offer accepted, sale pending
Price Reduced
Dec 4, 2025
$699,000 $61,000 (-8.03%)
From $760,000 to $699,000 (-8.0%)
🏠
Listed for Sale
Sep 18, 2025
$699,000
Original listing
Agent: Lane Team Office: North Shore's Gold Coast Realty
🏠
Listed for Sale
Sep 18, 2025
$760,000
Original listing
Agent: Lane Team Office: North Shore's Gold Coast Realty

Tax History

Year Taxes Assessment
2025 $5,520 $567,900

Financial Details

Annual Property Tax
$5,520
Tax Year 2025
Assessed Value
$567,900

Facts & Features

Home Facts

Type Residential Income
Style 2 Family - 2 Units Up/Down
Year Built 1900
Living Area 2,544 sq ft
Lot Size 0.11 acres
Bedrooms 5
Full Baths 2
Total Rooms 11

Investment Metrics

Units 2
Unit 1 Rent $2,000/mo · Y
Unit 2 Rent — · N
Total Monthly Rent $2,000/mo
Gross Income $24,000
Net Operating Income $7,700
Operating Expenses $4,300
Water/Sewer Expense $2,000
Insurance Expense $2,300
Cap Rate 1.10%
Heating Baseboard, Natural Gas, Individual, Unit Control
Cooling None
Flooring Wood, Tile, Carpet, Hardwood, Stone/ceramic Tile
Appliances Range, Refrigerator, Washer, Dryer
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry None
Features Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Cathedral/vaulted Ceilings, Storage, Slider, Living Room, Dining Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features Balcony/deck, Fruit Trees, Garden
Pool None
Spa Bath
Fencing None
Patio/Porch Deck, Deck - Roof
Features Paved Drive, Off Street, Stone/gravel, Paved
Total Spaces 6
Electric 220 Volts, Circuit Breakers, 100 Amp Service, Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,520
Assessed Value $567,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Exclusions 1st Floor Washer And Dryer, 1st Floor Security System Excluded.
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Other
Documents None
County Essex
Total market time (incl. prior listings) 63 days

Property Overview

Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
5
Full Bathrooms
2
Living Area
2,544 sq ft
Total Rooms
11
Stories
3
Levels
3

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: Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile
Appliances: Range, Refrigerator, Washer, Dryer
Interior Features: Ceiling Fan(s), Pantry, Bathroom With Tub & Shower, Cathedral/Vaulted Ceilings, Storage, Slider, Living Room, Dining Room, Kitchen
Windows: Skylight(s), Insulated Windows
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone, Granite
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas, Individual, Unit Control
Cooling: None
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck, Fruit Trees, Garden
Patio & Porch: Deck, Deck - Roof
Fencing:
Other Structures:
Lot Features: Corner Lot, Cleared, Gentle Sloping, Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street, Stone/Gravel, Paved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $460
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

78 Grove St, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Agent Lane Team
Listing Office North Shore's Gold Coast Realty
Office Phone 978-283-4440
Agent MLS ID TEAM0293
Office MLS ID C95247
Listing Data Updated Dec 25, 2025 3:05 AM EST
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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Steven Novak

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BMN Boston Real Estate

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