CCertihomes
281-R Magnolia Ave, Gloucester, MA 01930

$100,000

0 beds 0 baths 123 days on marketActive

About this home

4 acre land opportunity in Magnolia! This secluded wood lot is zoned residential (R-30). Conveniently located a short drive to downtown Gloucester, Magnolia, beaches, parks, conservation areas, and 5 minutes to RT-128. Please note property is landlocked with no street frontage. There is a private, shared drive that provides potential access point but may require easements from abutters. Multiple new construction homes are complete or in progress on abutting lots (not affiliated). Lot includes some wetlands. Buyer responsible for all due diligence on viability to build and any approvals, easements, etc. **Do NOT attempt to access without an appointment**.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$1,203/mo

Real estate (PITI + HOA + PMI)
$825
Principal + interest$645
Property tax + insurance$142
PMI / 2nd mortgage$38
Utilities
$401
Heating + cooling$39
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$157
$1,203/mo TLC
Budget$5,000/mo
Remaining after TLC$3,797/mo
Purchase price
$100,000
Down payment
$5,000 (5%)
Loan amount
$95,000
APR
7.2%

Quick facts

Type
Residential
Style
Year built
Lot size
4 ac
Stories
0
Heating
Cooling
Water
Other
HOA
Annual tax
$241
MLS #
73172660
County
Essex

Home features

Parking
Shared Driveway
Sewer
Other

Lot features

Wetlands, Sloped, Wooded, Lot Staked

Neighborhood — 01930

MetricThis ZIPCountyUSA
Population31,7296,444,931299,088,112
Population Change Since19907.00%7.00%20.00%
Population Density1,130786
Male15,3313,127,134147,432,321
Female16,3983,317,797151,655,844
Never Married7,4541,612,88563,775,926
Married13,1942,586,314123,120,365
Separated899247,85712,639,686
Widowed2,121363,59415,467,586
Divorced2,571436,88823,075,029
Number Of House Hold13,1842,431,591111,826,380
Average House Hold Size2.382.562.60
Medial Age41.0737.2535.46
Median House Hold Income$54,695$57,698$48,276
Average House Hold Income$67,088$75,023$63,629
P C I$28,192$29,196$24,529
M D I$45,934$48,105$41,133
A T H E$53,185$57,083$50,898
S T R5.00%5.00%
W C J81.48%81.38%77.74%
(Zip) Code
1930

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
MLSPIN

Listing information last refreshed 10/20/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.