10 Oakes Avenue, MagnoliaGloucester, MA 01930MLS Number 73009381

  • Price: $3,500,000
  • Est. Mortgage of $/month
  • 38 Days on Market
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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10 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 0193010 Oakes Avenue Gloucester MA 01930
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  • 14Bedrooms
  • 11Bathrooms
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?"
Listed by Daniel Cutler and Sam Lockard of Bay Colony Realty

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Colonial Manor Realty
Colonial Manor Realty
127 Franklin Street
Reading, MA 01867

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More Info

Basic Information

  • Gross Income $253,500
  • Listing Terms Contract
  • Lot Features Corner Lot, Gentle Sloping
  • Mls StatusActive
  • Parcel Number M:0166 B:0046 L:0000,1901806
  • Rent Includes Unit 1(Water, Hot Water)
  • Road Frontage DescriptionPaved

Building

  • BasementFull, Finished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FireplaceYes
  • Fireplaces Total 3
  • FoundationGranite
  • Garage Spaces
  • Patio And Porch Features Porch, Patio
  • Rooms39
  • Stories4
  • Utilities Varies Per Unit
  • Window Features Screens
  • Year Built1907
  • Year Built Details Approximate
  • Year Built Source Public Records

Water Body

  • Miles to Beach0.3
  • WaterfrontYes
  • Waterfront Features Waterfront, Beach Front, Ocean, Ocean, Walk to,1/10 to 3/10 To Beach, Beach Ownership(Public)

Tax Information

  • Tax Assessed Value $2,443,500
  • Tax Year 2022
  • Taxes$28,662

Rooms

  • Bathroom11
  • Bathrooms Total Decimal 11
  • Bedrooms14
  • Full Bath11

Location

  • Address10 Oakes Avenue
  • Building Number10
  • CountyEssex
  • NeighborhoodMagnolia
  • StateMA
  • StreetOakes Avenue
  • SubdivisionMagnolia
  • TownGloucester
  • Zip01930

Property Information

  • Building Area Source Public Records
  • Living Area 9,501
  • Lot Size Square Feet 18,524
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road, Private Maintained Road
  • Square Feet9,501
  • View YN Yes

Other

  • Date Listed07/08/2022
  • Farm Land Area Units Square Feet
  • View Count7

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Assigned, Paved
  • Parking Spaces18

Basic Information

  • List Price$3,500,000
  • MLS Number73009381
  • Modification Date08/06/2022
  • Property SubType5-9 Family

Property

  • Acreage0.43

Interior

  • Flooring Varies Per Unit

Exterior

  • Exterior Features Sprinkler System, Varies per Unit
  • RoofShingle, Rubber

Utilities

  • Electric Circuit Breakers,200+ Amp Service, Individually Metered
  • Heat SystemYes
  • Heating Unit 1(Electric)
  • Sewer Private Sewer
  • Water Source Public

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Laundromat
    • Public Transportation
    • Shopping
    • Walk/Jog Trails
  • Appliances IncludedTank Water Heater, Water Heater(Varies Per Unit), Water Heater, Utility Connections Varies per Unit
  • Green Energy Efficient Varies per Unit
  • Other AmenitiesBasement, Fireplace, Water View, Waterfront

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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