Commanding a prominent presence in the heart of Gloucester’s historic Seaport, this stunning Victorian seamlessly blends timeless architectural character with exceptional modern updates. Tastefully renovated to the highest standards, this turnkey property preserves an abundance of original details while offering the efficiency, & amenities expected by today’s discerning buyer. Soaring ceilings & generously proportioned rooms create an elegant sense of scale throughout. The first-floor layout is perfectly suited to both day to day living and entertaining, with living & dining spaces flowing into a spacious kitchen featuring Café appliances, quartz counter tops, wine refrigerator & a striking marble backsplash. Upstairs, the palatial front-to-back primary suite offers a luxurious retreat, complete with a walk-in closet & spa-like bathroom featuring double vanity, shower & a soaking tub. A charming spiral staircase leads to the third floor turret room. Within the suite a bay window provides the perfect setting for an office or cozy reading nook. Thoughtful improvements include a new roof, Andersen high-efficiency windows, heat-pump water heater, heat-pump heating & cooling splits, red oak flooring, mahogany decking, and full insulation. The home also boasts a HERS rating, reflecting its enhanced energy efficiency. Exterior improvements include new landscaping with thoughtfully chosen plantings and trees, new sod, patio, cedar fencing, low voltage landscape lighting, expanded parking for two cars. New granite steps lead to the back yard and rear entrance, and repointed granite front steps lead to the original double entry doors, welcoming you into a home where historic elegance and modern sophistication come together effortlessly.
Single-familyProperty Type
1894Year Built
5,765 sq ftLot Size
$545Price/Sq.Ft.
2 spacesParking
Listed by Margaret Maher• William Raveis R.E. & Home Services
Central Gloucester, located between Gloucester Harbor and the Annisquam River, is a historic and walkable Gloucester neighborhood with a working waterfront and a compact downtown grid. The neighborhood’s character concentrates around Main Street at Duncan Street, where galleries, independent shops, and old-school seafood counters line the sidewalks. Cape Ann Museum anchors local art and maritime history, while Gloucester Stage Company adds a steady calendar of performances. Brick commercial blocks and clapboard houses sit beside wharves, fish piers, and pocket parks. The harborfront paths and bridges keep the salt-air geography close at hand.
Provided by Walk Score and Local Logic
Offer insights
118 Prospect St · $1,200,000
$1.23M and above
75% chance or better to win
Why $1.23M+ is a strong offer
DAYS ON MARKET
20 days
The average home goes pending in 22 days.
SALE-TO-LIST
101.1%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Insulated doors and windows
Open floorplan
Remodeled spaces
Recessed lighting throughout
Stone/ceramic tile and wood flooring
Six total rooms
Bedrooms
Primary bedroom on the second floor with walk-in closet and hardwood flooring
Two additional bedrooms on the second floor with closets and hardwood flooring
Bathrooms
Two full bathrooms and one half bathroom
Second-floor bathrooms with double vanities and stone/ceramic tile; one has a tiled shower stall and the other a tiled tub
Primary bathroom present
Kitchen
Hardwood flooring
Stone/granite/solid countertops
Remodeled kitchen with recessed and pendant lighting
Laundry located on the second floor with electric dryer hookup
Electric water heater
Flooring
Wood (hardwood)
Stone/ceramic tile
Heating & cooling
Heat pump for heating and cooling
Exterior features
Porch and patio
Fenced yard with professional landscaping
Rain gutters
City views
Ocean nearby; 1–2 miles to the beach with public beach access
Corner lot
Home design
Single family residence
Renovated since original construction
Blue exterior color
Public road frontage
Parking
Two off-street paved parking spaces
Construction
Shingle roof
Full unfinished basement with interior entry
Year built per public records; renovated since
Utilities
Public water and public sewer
220-volt electric service
Wired for electric range, electric oven, and electric dryer
HOA & community
Community amenities nearby include public transportation, shopping, pool, tennis courts, park, walk/jog trails, golf, medical facility, laundromat, highway access, house of worship, marina, public school, and T-station
Electricity and solar
View estimated energy costs and solar savings for this home
Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout of your dreams either as 2 fam. or large single family, while the 5660 square feet lot provides a setting for outdoor enjoyment. Constructed in 1894, this home carries with it a rich heritage, poised to blend timeless charm with modern aspirations. This Gloucester residence is a promising venture, ready for its transformation into a cherished home. 2 car paved off street parking. Newer gas heating and hot water systems. Waterview Cupola room! Close to all downtown Gloucester has to offer!
MLS PIN #71706533
Aug 28, 2014
Sold
$330,250
$150/sq ft
Jul 8, 2014
Contingent
—
Jul 2, 2014
Relisted
—
Jul 1, 2014
Listing Removed
—
Jun 28, 2014
Listed
$339,000
$154/sq ft
+4
1894 Historic Mansard Colonial with eight room, four bedrooms, two full and half baths and a siting room in the attic Widow Walk. The home has high ceilings, Bay windows and 2nd floor window caps consistent with the style of that era. It has a newer gas heating system and full walk out basement with granite foundation. There is also a two room rental on the first floor, which could stay or expand for larger single family house. Freshly painted in most rooms. On the side street there is a two car off street parking area. Granite raised wall enhances two side of the property and a large deck in the rear. No offers until after OPEN HOUSE July 6th 11:30 AM to 1:00PM
Public Records
May 30, 1990
Sold
$125,000
$57/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$5,739 (+6.8%)
$121,600 + $420,300
$541,900
2022
$5,372 (+3.4%)
$105,700 + $352,300
$458,000
2021
$5,194 (+5.6%)
$96,100 + $321,400
$417,500
2020
$4,920 (+7.8%)
$96,100 + $302,900
$399,000
2019
$4,566 (+7.4%)
$96,100 + $263,700
$359,800
2018
$4,253 (+6.5%)
$96,100 + $232,800
$328,900
2017
$3,995 (+4.1%)
$86,600 + $216,300
$302,900
2016
$3,838 (+1.9%)
$86,500 + $195,500
$282,000
2015
$3,766 (+5.8%)
$86,500 + $189,400
$275,900
2014
$3,559 (−9.1%)
$86,500 + $187,700
$274,200
2013
$3,915 (+1.7%)
$89,800 + $220,400
$310,200
2012
$3,850 (+6.1%)
$91,700 + $224,400
$316,100
2011
$3,629 (+0.2%)
$96,500 + $224,400
$320,900
2010
$3,623 (+0.4%)
$98,500 + $246,900
$345,400
2009
$3,607
$103,700 + $272,000
$375,700
Public record
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,106
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,106
Year built
1894
Style
Multi-Family (2-4 Unit)
County
Essex County
APN
1895192
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 89° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Gloucester, MA • 01930
Average low and high temperatures (°F)
33
21
35
22
47
32
55
40
65
50
76
60
80
65
76
61
71
57
62
48
52
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 118 Prospect St
$1,177,566
$22K under list price of $1.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $607K to $1.2M.