2 Ocean Ave Unit 1M Gloucester, MA 01930
Magnolia NeighborhoodEstimated payment $2,390/month
Highlights
- Popular Property
- Marina
- Medical Services
- Beach Front
- Golf Course Community
- Property is near public transit and schools
About This Home
This turnkey unit is move-in ready with no stairs and single-level living — ideal for buyers seeking an effortless, low-maintenance lifestyle steps from the water. A private, exclusive-use outdoor patio extends your living space into the fresh salt air, perfect for morning coffee or an evening glass of wine with the ocean breeze. Popplestone Beach is just one-third of a mile away, and Magnolia Village — with its shops, casual dining, and year-round charm — is practically in your backyard. Ocean breezes roll through the neighborhood in the warmer months, making outdoor living a daily ritual rather than a weekend trip. Bike-friendly streets connect you to the shoreline, the village, and the quiet, tree-lined roads that define this corner of Cape Ann. Whether you're arriving for summer or staying year-round, this Magnolia condo delivers the coastal lifestyle without the stairs, the projects, or the wait. Ready for occupancy now — just in time for the season. Gloucester, MA.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,549
Year Built
- Built in 2003
HOA Fees
- $320 Monthly HOA Fees
Home Design
- Garden Home
- Entry on the 1st floor
- Rubber Roof
Interior Spaces
- 765 Sq Ft Home
- 1-Story Property
- Sliding Doors
Flooring
- Wall to Wall Carpet
- Vinyl
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
- Bathtub with Shower
Parking
- 1 Car Parking Space
- Paved Parking
- 1 Open Parking Space
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Walking Distance to Water
- Patio
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating Available
- Private Sewer
Additional Features
- Beach Front
- Property is near public transit and schools
Listing and Financial Details
- Legal Lot and Block 0001M / 0003
- Assessor Parcel Number 1901976
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash
- 42 Units
- Ocean Terrace Condominiums Community
Amenities
- Medical Services
- Shops
- Laundry Facilities
Recreation
- Marina
- Golf Course Community
- Jogging Path
Pet Policy
- No Pets Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,549 | $262,200 | $0 | $262,200 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/02/2026 04/02/26 | For Sale | $345,000 | +60.5% | $451 / Sq Ft | |
| 06/29/2020 06/29/20 | Sold | $215,000 | 0.0% | $281 / Sq Ft | View Prior Sale |
| 05/11/2020 05/11/20 | Pending | -- | -- | -- | |
| 03/19/2020 03/19/20 | For Sale | $215,000 | -- | $281 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $215,000 | None Available | |
| Not Resolvable | $215,000 | None Available | |
| Deed | $186,000 | -- | |
| Deed | $100,000 | -- | |
| Deed | $100,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | New Conventional | |
| Closed | $100,000 | New Conventional | |
| Previous Owner | $145,400 | No Value Available | |
| Previous Owner | $15,400 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73495153
APN: GLOU-000169-000003-000001M
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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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