CCertihomes
7 Cove Way, Gloucester, MA 01930

$2,295,000

5 beds 3 baths 2,680 sqft Built 19208 days on marketActive

About this home

Occupying a private waterfront site on Annisquam River, this property has been in the same family since the early 80’s. Used now as a seasonal getaway, the home could be renovated to provide a year-round family compound just up river from downtown Gloucester and moments from route 128 to Boston. The two-level home is ideally situated to enjoy its splendid natural setting, with walls of windows and expansive new decks framing waterviews. The main level has a large primary bedroom, full bath with porthole window, and large kitchen opening to fire-placed living and dining areas. On the upper level are 3 bedrooms with river views, full bath and deck. Outside, the property is bordered by terraced gardens and rock outcroppings, with a tidal dock, tidal beach, and storage shed. A separate 2-story garage has heated space for multiple cars and/or boat, with large 1-bedroom one bath apartment above with full kitchen. A rare opportunity to support multi-generational living on the water in Glou.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$14,260/mo

Real estate (PITI + HOA + PMI)
$14,650
Principal + interest$10,409
Property tax + insurance$3,380
PMI / 2nd mortgage$861
Utilities
$511
Heating + cooling$94
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$157
$14,260/mo TLC
Budget$14,760/mo
Remaining after TLC$500/mo
Purchase price
$2,295,000
Down payment
$114,750 (5%)
Loan amount
$2,180,250
APR
4%

Quick facts

Type
Single Family Residence
Style
Contemporary
Year built
1920
Lot size
0.84 ac
Stories
0
Heating
Forced Air, Natural Gas
Cooling
Central Air
Water
Public, Private
HOA
Annual tax
$14,694
MLS #
73227075
County
Essex

At a glance

Air conditioning
Fireplace
Garage (2)
Balcony
Waterfront

Home features

Appliances
Electric Water HeaterRangeRefrigeratorWasherDryer
Interior
Bathroom - FullClosetDining AreaCountertops - Stone/Granite/SolidCountertops - UpgradedKitchen IslandBreakfast Bar / NookCabinets - UpgradedCable HookupCountry KitchenOpen FloorplanAccessory Apt.Internet Available - Unknown
Exterior
Deck - CompositeBalconyRain GuttersStorageScreensGardenGuest House
Community
Public TransportationParkWalk/Jog TrailsGolfMedical FacilityConservation AreaHighway AccessHouse of WorshipMarinaPublic SchoolT-Station
Parking
DetachedGarage Door OpenerStorageWorkshop in GarageGarage Faces SideInsulatedOversizedOff StreetDrivewayStone/Gravel
Fireplace
Living Room
Kitchen
Flooring - HardwoodWindow(s) - PictureCabinets - UpgradedExterior AccessOpen Floorplan
Flooring
Wood, Tile, Carpet, Laminate, Flooring - Wall to Wall Carpet
Roof
Shingle
Sewer
Private Sewer

Lot features

Corner Lot, Cleared, Gentle Sloping, Marsh

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.

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MLSPIN

Listing information last refreshed 4/23/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.