3 Ronna Road, Gloucester, MA, 01930 | $589,000

Large lot with huge potential to quickly grow value in a highly desirable neighborhood. This ranch used to consist of three bedrooms but was altered to accommodate living needs of current owner. Home has a comfortable living room with wood burning stove and a large eat-in kitchen. Two good size bedrooms, a large closet and a bathroom complete the main living areas. The dry basement offers many possibilities to add square footage with an oversized work shop which used to be a garage, full size windows, and two walk-out options leading onto a covered patio area and large backyard. Outside also includes a 15'x16' deck off the kitchen and a good sized garden shed. Solar panels were installed in 2015 and contract shall transfer to new property owner. This is a true diamond in the rough with solid bones waiting for your vision to transform it and maximize value.

Features

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Exterior Access, In Basement, Electric Dryer Hookup, Washer Hookup
  • Style: Ranch
  • Year Built: 1965
  • Basement: Full, Walk-Out Access, Interior Entry, Concrete, Unfinished
  • Approx Sq. Feet: 864
  • Acreage: 0.23
  • Est. Taxes: $4,686
  • Appliances: Electric Water Heater, Range, Refrigerator, Washer, Dryer
  • MLS#: 73303871
  • Website: https://www.raveis.com
    /prop/73303871/3ronnaroad_gloucester_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Julia Virden courtesy of J. Barrett & Company

Room Information

Type DescriptionDimensionsLevel
Bedroom 2 Closet, Flooring - Hardwood14.0 x 9.0First
Kitchen Flooring - Vinyl, Dining Area, Deck - Exterior, Exterior Access9.0 x 15.0Main,First
Living Room Wood / Coal / Pellet Stove, Closet, Flooring - Hardwood, Exterior Access18.0 x 14.0Main,First
Master Bedroom Closet, Flooring - Hardwood12.0 x 11.0First

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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3 Ronna Road, Gloucester, MA, 01930

$589,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $471,200 $471,200 $471,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.681% 6.678% 6.034%
Monthly Tax Payment $391 $391 $391
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,214 $2,975 $3,913
Total Monthly Payment $3,696 $3,457 $4,395

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.