$3,300,000
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10 Oakes Ave Gloucester, MA 01930
14 Beds
11 Baths
9,501 SqFt
Key Details
Sold Price $3,300,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,501 sqft
Price per Sqft $347
MLS Listing ID 73009381
Sold Date 12/09/22
Bedrooms 14
Full Baths 11
Year Built 1907
Annual Tax Amount $28,662
Tax Year 2022
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type 5-9 Family
Property Description
RARE OPPORTUNITY to own an 11-unit building with stunning, unobstructed, oceanfront views. SHORE DRIVE MANOR sits at the tip of Magnolia Point. Once a hotel frequented by high-society, the property still retains features of a time gone by. Beautiful woodwork, paneling, beamed ceilings, stained glass, hardwood floors, fireplaces, and built-ins. Units are fully occupied and seller has updated Buderus Oil Boilers, water heater, and electric. The literature from the former hotel puts it best: "When you can relax at the waters edge caressed by Cape Ann's cool breezes, relax in the warm sun, take short walks to the beach, be centrally located to explore Cape Ann's wonders...who could ask for anything more?"
Location
State MA
County Essex
Area Magnolia
Zoning R-20
Direction From intersection of Raymond St, Norman Ave, and Magnolia Ave, take Fuller St to Oakes Ave
Rooms
Basement Full, Finished
Interior
Heating Unit 1(Electric)
Flooring Varies Per Unit
Fireplaces Number 3
Appliance Tankless Water Heater, Water Heater(Varies Per Unit), Water Heater, Utility Connections Varies per Unit
Exterior
Exterior Feature Sprinkler System, Varies per Unit
Community Features Public Transportation, Shopping, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area
Utilities Available Varies per Unit
Waterfront Description Waterfront, Beach Front, Ocean, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
View Y/N Yes
View Scenic View(s)
Roof Type Shingle, Rubber
Total Parking Spaces 18
Garage No
Building
Lot Description Corner Lot, Gentle Sloping
Story 4
Foundation Granite
Sewer Private Sewer
Water Public
Others
Acceptable Financing Contract
Listing Terms Contract
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Bought with David Johnson • Eastern Massachusetts Realty Group