
141 Cherry Street Gloucester — Photo 1 of 22
$498,000
Gloucester, MA 01930
Beds
2
Baths
1
SqFt
1,095
Style
Single Family
Built
1965
Endless renovation possibilities await to transform this charming Ranch into a true showstopper. The home offers a solid foundation of valuable updates, including a 5 year old asphalt-shingle roof, owned solar panels installed by Cazault Solar in 2021, central AC, and central heat powered by a gas furnace installed in 2014. The electrical panel and hot water heater were upgraded in 2018, and an oversized rear deck was added that same year (2018). A detached shed provides additional storage. The partially finished, heated basement, with convenient walk-out access to the backyard, offers excellent bonus space for a home office, gym, studio, or additional living space. The large, fenced-in front yard provides wonderful outdoor space and inviting curb appeal. With a new kitchen and bath, updated insulation and windows, fresh paint, and refinished hardwood floors, this home could truly shine once again. The generous lot also presents exciting possibilities for expansion, whether adding an attached garage, creating additional living space, or building above an expanded footprint, subject to all necessary approvals. With its thoughtful existing improvements, generous property size, and abundant potential, this Ranch offers a wonderful opportunity for its next steward to reimagine the home and create a space tailored to their needs and vision.
* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Gloucester, MA.
Gas Water Heater • Range • Washer • Dryer
Public Transportation • Walk/Jog Trails • Bike Path • Conservation Area • House of Worship • Marina
15 x 12
Closet, Flooring - Hardwood, Exterior Access
14 x 12
Flooring - Stone/Ceramic Tile, Balcony / Deck, Exterior Access
17 x 21
Closet, Flooring - Stone/Ceramic Tile
9 x 15
Ceiling Fan(s), Closet, Flooring - Hardwood
12 x 8
5 x 12
Bathroom - Full, Flooring - Stone/Ceramic Tile
30,075
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$84K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
36.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 548 sq ft (the lesser of 900 sq ft or half the 1,095 sq ft principal dwelling). Lot size: 10,000 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Listing Agent: Julia Virden
Listing Office: J. Barrett & Company
MLS® Number: 73564643
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