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8 Luzitania Ave, Gloucester, MA, 01930

1beds
2baths
2,233sqft
$575,000
$258price/sqft
$4,001/moest. monthly cost
$160,040/yrincome needed

About This Home

Owned by the same family since 1970, this well well-located Gloucester home is ready for its next chapter. Offering exceptional flexibility and outstanding potential, it's an ideal opportunity to renovate and create a layout tailored to your vision. The main level features a spacious great room with vaulted ceilings, skylights, and abundant natural light, along with a living room, kitchen, sunroom, bedroom, and a dining room that could be reconfigured to suit a variety of future layouts. Both the main level and finished lower level include their own washer and dryer, adding convenience for everyday living. The finished lower level also offers a second kitchen, half bathroom, sunroom, generous living space, and a separate entrance, creating excellent potential for an in-law suite or future conversion opportunities. Buyers to perform all due diligence regarding potential future use. Outside, enjoy a fully fenced, low-maintenance oversized patio, ideal for relaxing or entertaining, along with four off-street parking spaces. Additional space alongside the home may be well suited for boat or recreational equipment storage. Ideally situated just minutes from Gloucester's vibrant downtown, beaches, harbor, restaurants, shopping, and cultural attractions, the home is approximately 0.2 miles from the new Veterans Memorial Elementary School, close to the MBTA commuter rail with direct service to Boston, offers easy access to Rt128, and is ready to be transformed into a layout that fits its next owner's vision. All offers, if any, are due by Tuesday, August 4th at noon with 24hrs for response as it is an estate sale.

Getting Around

76
WalkingVery Walkable
39
TransitSome Transit
38
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1944

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle,Asphalt/Composition Shingles
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Dishwasher,Refrigerator,Washer,Dryer,Range Hood
  • Laundry features: Laundry Closet,Flooring - Stone/Ceramic Tile,Main Level,Electric Dryer Hookup,Walk-in Storage,Washer Hookup,Lighting - Overhead,First Floor

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access,Interior Entry

Bathroom1

  • Features: Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Lighting - Overhead, Crown Molding
  • Level: Main,First

Bathroom2

  • Features: Bathroom - Half
  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Features: Closet, Flooring - Hardwood, Lighting - Overhead
  • Level: Main,First

Features

  • Lighting - Overhead,Ceiling Fan(s),Closet,Recessed Lighting,Closet - Double,Beamed Ceilings,Slider,Lighting - Sconce,Kitchen,Great Room,Sun Room,Bonus Room
  • Window features: Skylight
  • Flooring: Tile,Vinyl,Laminate,Hardwood,Flooring - Hardwood,Flooring - Vinyl
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 670
  • Finished area above ground: 1,563

Heating & Cooling

  • Heating features: Baseboard,Hot Water,Oil,Electric,Fireplace
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 2,233
  • Total interior livable area: 2,233 sqft

Kitchen

  • Features: Ceiling Fan(s), Flooring - Hardwood, Lighting - Overhead
  • Level: Main,First

Living Room

  • Features: Ceiling Fan(s), Flooring - Hardwood, Exterior Access
  • Level: Main,First

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Ceiling Fan(s), Closet, Flooring - Wood
  • Level: Main,First

Property

Details

  • Parcel number: 3214,1896402
  • Zoning: R5

Features

  • Patio & porch: Porch,Deck,Patio
  • Exterior features: Porch,Deck,Patio,Rain Gutters
  • Fencing: Fenced/Enclosed
  • Waterfront features: Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)
  • Frontage length: 50.00

Lot

  • Lot size: 4,500 sqft
  • Features: Cleared,Level

Parking

  • Total spaces: 4
  • Parking features: Paved Drive,Off Street,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

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
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 $2,907$34,884
Home Insurance *$196$2,352
Property Taxes $458$5,496
Electricity $440$5,283
Total$4,001$48,012
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$137,177/yr
40% on housing$120,030/yr
45% on housing$106,693/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

$258This listing

vs Other Active Listings

Avg $/sqft

ZIP 01930$518
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)

Price History

DateEventPrice
2026-08-08Listed for sale$575,000
2026-08-05Contingent$575,000
2026-07-28Listed for sale$575,000

For Sale by Agent

AgentHenry Pizzo
BrokerageAluxety

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