See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

3 Colburn St #1, Gloucester, MA, 01930

3beds
3baths
2,653sqft
$1,599,000
$603price/sqft
$10,514/moest. monthly cost
$420,560/yrincome needed

About This Home

Experience the charm of New England and modern luxury at this new oceanside home across from Hodgkins Cove. Enjoy panoramic ocean views from the sunlight open-concept layout, a gourmet kitchen with premium appliances, and a dramatic living room with a floor-to-ceiling fireplace. The elegant primary suite features a spa-like bath and private balcony for sunrise views. Two additional bedrooms and beautifully finished baths provide serene guest accommodation. Designer finishes, coffered ceilings, and gold-accented details elevate every space. Multiple private balconies are perfect for alfresco dining or sunset cocktails. Located moments from downtown Gloucester, this coastal haven offers the ideal blend of tranquility, luxury, and convenience.

Getting Around

7
WalkingCar-Dependent
26
TransitSome Transit
3
BikeSomewhat Bikeable

Schools

7/10
Plum Cove SchoolGrades K-50.5 mi
4/10
Gloucester High SchoolGrades 9-123.8 mi

Construction

Condition

  • Year built: 2025

Type & Style

  • Home type: Townhouse
  • Property subType: Condominium,Townhouse

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,ENERGY STAR Qualified Refrigerator,ENERGY STAR Qualified Dishwasher,Plumbed For Ice Maker
  • Laundry features: In Unit,Electric Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Finish - Cement Plaster,Finish - Sheetrock,Internet Available - Broadband
  • Door features: Insulated Doors
  • Window features: Insulated Windows
  • Flooring: Wood,Tile,Hardwood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 2,653

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,653
  • Total interior livable area: 2,653 sqft

Master Bathroom

  • Features: Yes

Property

Details

  • Parcel number: 4298354
  • Zoning: R-20

Features

  • Has view: Yes
  • View description: Water,Ocean,River
  • Has water view: Yes
  • Water view: Ocean,River,Water
  • Waterfront features: Harbor,Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Lot

  • Lot size: 0.58 Acres

Parking

  • Total spaces: 6
  • Parking features: Under,Carport,Storage,Deeded,Off Street,Assigned,Guest
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Uncovered spaces: 2
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Ice Storm
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,085$97,020
Home Insurance *$547$6,564
Property Taxes $1,359$16,308
Electricity $523$6,277
Total$10,514$126,168
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$360,480/yr
40% on housing$315,420/yr
45% on housing$280,373/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$603This listing

vs Other Active Listings

Avg $/sqft

ZIP 01930$512
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01930$426
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-15Listed for sale$1,699,000
2025-12-16Listing removed$1,699,000
2025-10-30Price change$1,699,000
2025-10-08Price change$1,759,000
2025-10-01Price change$1,799,000
2025-09-18Listed for sale$1,839,000
2025-09-10Listing removed$1,899,000
2025-07-30Price change$1,899,000
2025-06-27Listed for sale$1,990,000

For Sale by Agent

AgentBuilder's Edge Realty Group
BrokerageLarkin & Larkin Real Estate

Similar Homes