NOT LISTED FOR SALE

2 Ocean Ave Unit 2A Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $382,239 - $522,000

2 Beds
1 Bath
870 Sq Ft
$354/mo HOA Fee

Last Sold March 15, 2023

Last sale price $390,000 $448 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,922/month

162 Days on Market

Highlights

  • Marina
  • Open Floorplan
  • Corner Lot
  • Golf Course Community
  • Deck
  • Solid Surface Countertops

About This Home

As of March 2023

Great opportunity to own this tastefully renovated 4 room 2 bedroom 1 bath home in the heart of Magnolia! This one level home features a remodeled kitchen with matching stainless steel appliances including an induction electric stove top and convection oven,attractive quartz counters,glass backsplash,crown molding,recess lighting,vinyl plank style flooring,soft close cabinets + a breakfast bar that opens to the living room w/ sliding glass door and private deck.The spacious living room features new flooring, decor, recess lighting,+ a new wall mounted AC. Enjoy the amazing 3/4 bath with tiled walls, glass door, updated fixtures, updated vanity, radiant heat and updated tile flooring. Two spacious bedrooms with the main bedroom being a corner bedroom with an abundance of natural light. All new electric baseboard heat. Views of the Atlantic Ocean can be seen from both bedrooms, living room and private deck as the waterfront is only one block away! OPEN 8/18 - 5 to 630. 8/21 - 1130 to 1.

Last Agent to Sell the Property

Mike Cotraro

Aluxety Listed on: 08/15/2022

Last Buyer's Agent

Kathy Brogan

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,133

Year Built

  • Built in 2003

HOA Fees

  • $354 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 2nd floor
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 870 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Window Screens
  • Sliding Doors
  • Exterior Basement Entry
  • Intercom

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Separate Shower

Parking

  • 1 Car Parking Space
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Controls for Heating
  • Radiant Heating System
  • Electric Baseboard Heater
  • 150 Amp Service
  • Tankless Water Heater
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number M:0169 B:0003 L:0002(A),1901939

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 42 Units
  • The Ocean Terrace Condominium Community

Amenities

  • Common Area
  • Laundry Facilities

Recreation

  • Marina
  • Golf Course Community
  • Park

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,133

Year Built

Built in 2003

Lot Details

0

HOA Fees

$354 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 2003
  • Dual Variable: Yes
  • Entry Level: 2
  • Year Built Details: Approximate,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Vinyl
  • Entry Location: Unit Placement(Garden)
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Microwave,Refrigerator, Electric Water Heater,Tankless Water Heater, Utility Connections for Electric Oven
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Ceiling Fan(s), Flooring - Vinyl, Cable Hookup
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Ceiling Fan(s), Flooring - Vinyl
  • Room Master Bedroom Level: First
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Vinyl, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting, Crown Molding
  • Laundry Features: Common Area, In Building
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Vinyl, Cable Hookup, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Slider
  • Basement: N
  • Living Area: 870
  • Other Equipment: Intercom
  • Stories Total: 1
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN1532
  • MAIN SO: C95098

Exterior Features

  • Common Walls: Corner
  • Construction Materials: Frame
  • Patio And Porch Features: Deck
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, Walk to, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Deeded, Paved
  • Total Parking Spaces: 1

Utilities

  • Sewer: Private Sewer
  • Utilities: for Electric Oven
  • Cooling: Wall Unit(s)
  • Heating: Electric Baseboard, Electric, Individual, Radiant
  • Cooling Y N: Yes
  • Electric: Circuit Breakers, 150 Amp Service
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 354.26
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Park, Golf, Highway Access, Marina
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:0169 B:0003 L:0002(A),1901939
  • Zoning: VB
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3133

Multi Family

  • Number Of Units Total: 42
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2018
Closed on
Oct 17, 2018
Sold by
Es Smethurst William H
Bought by
Goodearle John W and Goodearle Sharon L
Seller's Agent
Lisa Ramos
Coldwell Banker Realty - Manchester
Buyer's Agent
Mike Cotraro
Aluxety
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Current Estimated Value
$437,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,060
Avg. Annual Appreciation
7.11%

Purchase Details

Closed on
Oct 1, 1997
Sold by
Otc Rt
Bought by
Smethurst William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.41%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Goodearle John W $265,000 --
Smethurst William H $87,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smethurst William H $31,000
Previous Owner Smethurst William H $40,000
Previous Owner Smethurst William H $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2023 03/15/23 Sold $390,000 0.0% $448 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
08/23/2022 08/23/22 Off Market $390,000 -- --
08/23/2022 08/23/22 Pending -- -- --
08/15/2022 08/15/22 For Sale $399,000 +50.6% $459 / Sq Ft
10/17/2018 10/17/18 Sold $265,000 -3.6% $305 / Sq Ft View Prior Sale
08/21/2018 08/21/18 Pending -- -- --
07/28/2018 07/28/18 For Sale $275,000 0.0% $316 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $275,000 -- $316 / 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 $3,557 $365,900 $0 $365,900
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

  • Mike Cotraro

    Seller's Agent in 2023

    Mike Cotraro

    Aluxety

    (978) 337-6355

    1 in this area

    88 Total Sales

    Mike Cotraro
    Section Image

  • K

    Buyer's Agent in 2023

    Kathy Brogan

    Keller Williams Realty Evolution

    (978) 417-9356

    1 in this area

    3 Total Sales

    Kathy Brogan
    Section Image
  • Lisa Ramos

    Seller's Agent in 2018

    Lisa Ramos

    Coldwell Banker Realty - Manchester

    (978) 290-3005

    3 in this area

    23 Total Sales

    Lisa Ramos
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Michael Lattof

    Coldwell Banker Realty - Gloucester

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73025472

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000002A

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 2A, Gloucester, MA

Not Listed for Sale

Condos

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