NOT LISTED FOR SALE

2 Ocean Ave Unit 1J Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $278,000 - $328,000

1 Bed
1 Bath
765 Sq Ft
$268/mo HOA Fee

Last Sold March 15, 2019

Last sale price $190,000 $248 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,141/month

68 Days on Market

Highlights

  • Waterfront
  • Property is near public transit
  • Intercom
  • 0.97 Acre Lot
  • Main Floor Primary Bedroom
  • Window Unit Cooling System

About This Home

As of March 2019

Magnolia Village condo. Great option to renting at this price. Downsizing? Looking for a getaway place near the ocean? This could be just what you are looking for. Built in 2003 and still feels new. Restaurants, shops and beaches nearby for your relaxation and enjoyment. Highway and train not too far away.

Last Listed By

Greg Verga

Churchill Properties Listed on: 12/06/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,186

Year Built

  • Built in 2003

Lot Details

  • 0.97

HOA Fees

  • $268 Monthly HOA Fees

Home Design

  • Rubber Roof

Interior Spaces

  • 765 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Insulated Doors
  • Intercom

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Assigned Parking

Schools

  • West Parish Elementary School
  • O'maley Middle School
  • GHS High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Private Sewer

Additional Features

  • Patio
  • Waterfront
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 0001 / 0003
  • Assessor Parcel Number 1901973

Community Details

Overview

  • Association fees include water, sewer, maintenance structure, ground maintenance, snow removal, trash
  • 42 Units
  • Mid-Rise Condominium
  • Ocean Terrace Condominiums Community

Amenities

  • Shops
  • Laundry Facilities

Recreation

  • Park

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,186

Year Built

Built in 2003

Lot Details

0

HOA Fees

$268 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 2003
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 1
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Vinyl, Carpet
  • Door Features: Insulated Doors
  • Entry Location: Unit Placement(Street)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator, Electric Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 154
  • Bathroom 1 Area: 30
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Area: 126
  • Laundry Features: In Building
  • Room Living Room Level: First
  • Room Living Room Area: 260
  • Living Area: 765
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: BB5769
  • LIST PRICE PER Sq Ft: 260.13
  • PRICE PER Sq Ft: 248.37
  • MAIN SO: an6181

Exterior Features

  • Patio And Porch Features: Patio
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Private,Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Assigned
  • Total Parking Spaces: 1

Utilities

  • Sewer: Private Sewer
  • Utilities: for Electric Range
  • Cooling: Window Unit(s)
  • Heating: Electric Baseboard
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry
  • Association Fee: 268
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, House of Worship
  • UNIT BUILDING: 1J
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: 1901973
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.97
  • Lot Size Area: 0.97
  • Lot Size Sq Ft: 42253.2
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • LOT SIZE: 42238
  • PAGE: 068

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2186
  • Tax Block: 0003
  • Tax Book Number: 37199
  • Tax Lot: 0001
  • Tax Map Number: 0169

Multi Family

  • Number Of Units Total: 42

MLS Schools

  • High School: Ghs
  • Elementary School: West Parish
  • Middle Or Junior School: O'maley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2018
Closed on
Mar 7, 2019
Sold by
Townsend Charles H
Bought by
Clements Christopher
Seller's Agent
Greg Verga
Churchill Properties
Buyer's Agent
Gabriela DeBenedicitis
Coldwell Banker Realty - Manchester
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%
Total Days on Market
68
Current Estimated Value
$301,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,932
Avg. Annual Appreciation
7.82%
Original Mortgage
$184,300
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2018
Sold by
Donna Wright Irt
Bought by
Townsend Charles H

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Clements Christopher $190,000 --
Townsend Charles H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clements Christopher $185,450
Closed Clements Christopher $184,300
Previous Owner Wright Donna $77,500
Previous Owner Wright Donna $6,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $190,000 0.0% $248 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
01/11/2019 01/11/19 Off Market $190,000 -- --
12/12/2018 12/12/18 For Sale $199,000 0.0% $260 / Sq Ft
12/07/2018 12/07/18 Pending -- -- --
12/06/2018 12/06/18 For Sale $199,000 -- $260 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $2,390 $245,600 $0 $245,600
2024 $2,390 $245,600 $0 $245,600
2023 $2,292 $216,400 $0 $216,400
2022 $2,350 $200,300 $0 $200,300
2021 $2,344 $188,400 $0 $188,400
2020 $2,323 $188,400 $0 $188,400
2019 $2,318 $182,700 $0 $182,700
2018 $2,186 $169,100 $0 $169,100
2017 $1,918 $145,400 $0 $145,400
2016 $1,858 $136,500 $0 $136,500
2015 $1,787 $130,900 $0 $130,900
Source: Public Records

Agents Affiliated with this Home

  • Greg Verga

    Seller's Agent in 2019

    Greg Verga

    Churchill Properties

    Section Image
  • Gabriela DeBenedicitis

    Buyer's Agent in 2019

    Gabriela DeBenedicitis

    Coldwell Banker Realty - Manchester

    (978) 879-9773

    39 Total Sales

    Gabriela DeBenedicitis
    Section Image
See All Agents

Map

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 72430323

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000001J

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 1J, Gloucester, MA

Homes for Sale in Gloucester, MA

This home is located at 2 Ocean Ave Unit 1J, Gloucester, MA 01930 since 06 December 2018 and is currently estimated at $301,932, approximately $394 per square foot. This property was built in 2003. 2 Ocean Ave Unit 1J is a home located in Essex County with nearby schools including West Parish, Ralph B O'maley Middle School, and Gloucester High School.

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