J
Seller's Agent in 2021
Jessica Molisse
William Raveis R.E. & Home Services
2 Ocean Ave Unit 1H Gloucester, MA 01930
Magnolia NeighborhoodEstimated Value: $317,000 - $383,370
2
Beds
1
Bath
870
Sq Ft
2003
Built
Highlights
- Medical Services
- Open Floorplan
- Tennis Courts
- Waterfront
- Property is near public transit
- Jogging Path
About This Home
As of September 2021Single-level living just a stroll to the ocean at this Ocean Terrace Condominium in Magnolia. This ground level unit features two generously sized bedrooms with large windows and a neat and clean bath and kitchen with tile flooring. The second bedroom is currently used as an office, which is a great option if needed. In the living room, a sliding glass door lets in tons of light and leads to a patio and 1 assigned parking space. The common laundry room is also located on the main level, diagonally across the hall from this unit. Close to Downtown Magnolia, shops, restaurants...the location can't be beat! Showings will be scheduled by appointment on Saturday 7/24 and Sunday 7/25 from 10:30-12:30. Please allow 24 hours response time for any offers.
Last Agent to Sell the Property
Jessica Molisse
William Raveis R.E. & Home Services Listed on: 07/22/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,122
Year Built
- Built in 2003
HOA Fees
- $326 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Frame Construction
- Shingle Roof
Interior Spaces
- 870 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Insulated Windows
- Sliding Doors
- Insulated Doors
- Exterior Basement Entry
- Intercom
Kitchen
- Range
- Dishwasher
Flooring
- Wall to Wall Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- 1 Car Parking Space
- Paved Parking
- Open Parking
- Off-Street Parking
- Assigned Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Electric Baseboard Heater
- Electric Water Heater
- Private Sewer
Additional Features
- Level Entry For Accessibility
- Patio
- Waterfront
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number M:0169 B:0003 L:0001(H),1901951
Community Details
Overview
- Association fees include water, sewer, insurance, security, maintenance structure, ground maintenance, snow removal, trash
- 42 Units
- Mid-Rise Community
- Ocean Terrace Community
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Tennis Courts
- Park
- Jogging Path
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 22, 2021
Closed on
Sep 3, 2021
Sold by
Calhoun Frederick R and Christensen Cecile A
Bought by
Caputo Loran E and Pierce Jack B
Seller's Agent
Jessica Molisse
William Raveis R.E. & Home Services
Buyer's Agent
Ruth Pino
RE/MAX Beacon
List Price
$299,000
Sold Price
$311,500
Premium/Discount to List
$12,500
4.18%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,843
Avg. Annual Appreciation
2.92%
Original Mortgage
$250,000
Outstanding Balance
$227,142
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$129,201
Purchase Details
Closed on
Aug 27, 2004
Sold by
Richardson Scott A
Bought by
Calhoun Frederick R
Purchase Details
Closed on
Apr 18, 2000
Sold by
Shatford Diane M and Shatford Donald K
Bought by
Richardson Scott A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Caputo Loran E | $311,500 | None Available | |
| Calhoun Frederick R | $225,000 | -- | |
| Richardson Scott A | $89,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Caputo Loran E | $250,000 | |
| Previous Owner | Richardson Scott A | $30,000 | |
| Previous Owner | Richardson Scott A | $93,750 | |
| Previous Owner | Richardson Scott A | $6,230 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/03/2021 09/03/21 | Sold | $311,500 | +4.2% | $358 / Sq Ft |
| 07/26/2021 07/26/21 | Pending | -- | -- | -- |
| 07/22/2021 07/22/21 | For Sale | $299,000 | -- | $344 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,403 | $350,100 | $0 | $350,100 |
| 2024 | $3,190 | $327,900 | $0 | $327,900 |
| 2023 | $3,057 | $288,700 | $0 | $288,700 |
| 2022 | $3,133 | $267,100 | $0 | $267,100 |
| 2021 | $3,122 | $251,000 | $0 | $251,000 |
| 2020 | $3,095 | $251,000 | $0 | $251,000 |
| 2019 | $2,544 | $200,500 | $0 | $200,500 |
| 2018 | $2,399 | $185,500 | $0 | $185,500 |
| 2017 | $2,105 | $159,600 | $0 | $159,600 |
| 2016 | $2,037 | $149,700 | $0 | $149,700 |
| 2015 | $1,959 | $143,500 | $0 | $143,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Ruth Pino
Buyer's Agent in 2021
Ruth Pino
RE/MAX
(978) 764-6710
6 in this area
112 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72870250
APN: GLOU-000169-000003-000001H
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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