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197 E Main St #1, Gloucester, MA, 01930

0beds
1baths
800sqft
$325,000
$406price/sqft
$2,384/moest. monthly cost
$95,360/yrincome needed

About This Home

Iconic and storied East Gloucester location with amazing potential! First floor condo unit is formerly Duckworth's Bistrot. This space could be a restaurant, office or business or could be converted to residential with a special permit. Consists of a large great room with beautiful floor to ceiling windows, half bath, kitchen and washroom. Outdoor space currently holds a walk-in refrigerator but could be a patio space. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner and Rocky Neck minutes away.

Getting Around

48
WalkingCar-Dependent
40
TransitSome Transit
25
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Shingle,Rubber
  • Construction materials: Frame

Notable Dates

  • Major remodel year: 2025

Type & Style

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

Interior

Appliances

  • Appliances included: Refrigerator

Basement

  • Has basement: Yes

Bathroom2

  • Features: Bathroom - Half, Flooring - Vinyl
  • Level: First
  • Area: 16

Bedrooms & Bathrooms

  • Bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Wet bar,Den,Foyer,Kitchen,Internet Available - Broadband
  • Window features: Picture
  • Flooring: Wood,Tile,Vinyl,Carpet,Flooring - Wall to Wall Carpet,Flooring - Stone/Ceramic Tile
  • Finished area below ground: 0
  • Finished area above ground: 800

Heating & Cooling

  • Heating features: Central,Baseboard,Oil,Ductless
  • Cooling features: Ductless

Interior Area

  • Total structure area: 800
  • Total interior livable area: 800 sqft

Master Bathroom

  • Features: No

Property

Accessibility

  • Accessibility features: No

Details

  • Parcel number: 1897085
  • Zoning: NB

Features

  • Entry location: Unit Placement(Street)
  • Patio & porch: Patio
  • Exterior features: Patio,Rain Gutters
  • Waterfront features: Harbor,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)

Lot

  • Lot size: 2,460 sqft

Parking

  • Parking features: None
  • Has uncovered spaces: 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
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
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 $1,643$19,716
Home Insurance *$111$1,332
Property Taxes $276$3,312
Electricity $354$4,259
Total$2,384$28,608
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$81,737/yr
40% on housing$71,520/yr
45% on housing$63,573/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

$406This listing

vs Other Active Listings

Avg $/sqft

ZIP 01930$519
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
2026-01-09Price change$325,000
2025-12-04Price change$399,000
2025-11-25Listed for sale$425,000

For Sale by Agent

AgentAndree Gillian Group
BrokerageEngel & Volkers By the Sea

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