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$475,000 -$25,000 (-5%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 1 Full Bath
  • 1,505 Sq. Ft.
  • 0.06 Acres
  • Updated 2 days ago
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Iconic and storied East Gloucester location with two floors of amazing potential! Second/Third floor condo unit is a two-story apartment, with high ceilings, great light and lovely views of Smith Cove and Gloucester harbor. Large roof deck overlooking the water. The apartment consists of three bedrooms, one bathroom, large living room, dining room and kitchen with views. Kitchen and bathroom are in need of renovation. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner. Rocky Neck, Niles Beach and Good Harbor minutes away.

Full Property Details for 197 E Main #2

General

  • Price: $475,000
  • HOA FEE: $250/month
  • Taxes: $2,855 (2025)
  • Status: Active
  • Type: Condo
  • MLS ID: 73455976
  • Updated: 1/13/2026
  • Added to Site: 58 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bathroom 1: 11.00 x 6.00, Second

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 12.00 x 13.00, Third
  • Bedroom 2: 11.00 x 12.00, Third
  • Bedroom 3: 11.00 x 13.00, Third

Other Rooms

  • Living Room: 14.00 x 16.00, Second
  • Kitchen: 11.00 x 16.00, Second
  • Dining Room: 11.00 x 12.00, Second

Parking

  • Parking Features: None

Location

  • County: Essex

Structural Information

  • Basement: Yes
  • Stories/Levels: 2
  • Square Feet: 1,505
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.06

Financial Considerations

  • Association Fee: $250
  • Tax Amount: $2,855
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: Washer And Dryer Are Not Included.
  • Disclosures/Rstr.: Condo docs filed before closing. Condo fee - estimate that includes master insurance. Oil/Water/Sewer - shared exp payed separately. Tax estimated based on % by square foot. Kitchen needs renovation. Dishwasher not working. UNIT 1 WILL NOT BE SOLD WITHOUT UNIT 2 ALSO BEING SOLD
  • Property ID: 1897061

Listed by Engel & Volkers By the Sea, Andree Gillian Group and Gillian Harnish Bouchie

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Listing agents

— 197 E Main #2 —

  • Andree Gillian Group

    Engel & Volkers By the Sea

  • Gillian Harnish Bouchie

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 E Main #2

School District:Gloucester School District
NameGradesDistance
East Gloucester Elementary School
8 Davis Street Extension, Gloucester, MA 01930
K-50.2 mi
Ralph B O'maley Middle School
32 Cherry Street, Gloucester, MA 01930
6-81.8 mi
Gloucester High School
32 L O Johnson Rd, Gloucester, MA 01930
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 197 E Main #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/09/2026
Price Reduced
$475,000
-5%
MLS
12/04/2025
Price Reduced
$500,000
-9.09%
MLS
11/18/2025
Listed
$550,000
358.33%
MLS
4/01/1994
Sold
$120,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 197 E Main #2

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,136
16%
$734,200
3%
2020
$6,134
—
$709,800
6%
2020
$6,134
—
$669,400
16%
2020
$6,134
—
$577,400
15%
2020
$6,134
—
$500,400
4%
2020
$6,134
100%
$481,500
1%
2019
100%
$478,800
1%
2018
100%
$473,400
3%
2017
100%
$459,800
—
2016
100%
$459,700
—
2015
100%
$459,700
—
2014
—
$461,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Engel & Volkers By the Sea, Andree Gillian Group and Gillian Harnish Bouchie

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197 E. Main #2, Gloucester, MA 01930 (MLS# 73455976) is a Condo property with 3 bedrooms and 1 full bathroom. 197 E. Main #2 is currently listed for $475,000 and was received on November 18, 2025. Want to learn more about 197 E. Main #2? Do you have questions about finding other Condo real estate for sale in Gloucester? You can browse all Gloucester real estate or contact a Coldwell Banker agent to request more information.

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