2 Ocean Ave Unit 2F Gloucester, MA 01930
Magnolia NeighborhoodEstimated Value: $310,000 - $352,000
1
Bed
1
Bath
765
Sq Ft
2003
Built
Highlights
- Marina
- Medical Services
- Wood Flooring
- Golf Course Community
- Property is near public transit
- Jogging Path
About This Home
As of September 2022Downsizing? Looking for a second home, weekend or year ‘round getaway to own or use as rental income? You’ve found the right place! This one-bedroom unit at Ocean Terrace Condominiums has views of the Atlantic from the front porch and is just a block to a popular breakfast and lunch café or the Pub for dinner. Should you opt to be a tourist in your own backyard, Hammond Castle is only a short ride as is the MBTA commuter rail when you want to wander farther afar. Staying home is a treat, too, in this charmer with a sizable open living room-dining area. The L-shaped kitchen has a new oven and a generous amount of counterspace plus room for an island. Rich hardwood flooring gleams in the hallway and in the spacious bedroom with two double closets. Comfortable living in a picturesque seaside community…talk about the good life!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,349
Year Built
- Built in 2003
Home Design
- Frame Construction
- Rubber Roof
Interior Spaces
- 765 Sq Ft Home
- 2-Story Property
- Insulated Windows
- Insulated Doors
- Laundry on main level
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 1 Bedroom
- Primary bedroom located on second floor
- 1 Full Bathroom
- Bathtub with Shower
Parking
- 1 Car Parking Space
- Off-Street Parking
Outdoor Features
- Balcony
Location
- Property is near public transit
- Property is near schools
Schools
- West Parish Elementary School
- O'malley Middle School
- GHS High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Electric Baseboard Heater
- 220 Volts
- Electric Water Heater
- Private Sewer
Listing and Financial Details
- Assessor Parcel Number 1901952
Community Details
Overview
- Property has a Home Owners Association
- Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash
- 42 Units
- Mid-Rise Condominium
- Ocean Terrace Condominiums Community
Amenities
- Medical Services
- Shops
- Laundry Facilities
Recreation
- Marina
- Golf Course Community
- Park
- Jogging Path
Pet Policy
- No Pets Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2022
Closed on
Sep 9, 2022
Sold by
Meinerth Susan M
Bought by
Broad Bruce and Vigneault Janet
Seller's Agent
Michelle Theriault
J. Barrett & Company
Buyer's Agent
Maloney Howard Group
J. Barrett & Company
List Price
$249,900
Sold Price
$280,000
Premium/Discount to List
$30,100
12.04%
Total Days on Market
3
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
$47,275
Avg. Annual Appreciation
5.79%
Original Mortgage
$131,000
Outstanding Balance
$126,066
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$201,209
Purchase Details
Closed on
Apr 12, 2005
Sold by
Cirella Anthony V and Cirella Mary Lee
Bought by
Meinerth Susan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Gloucester, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Broad Bruce | $280,000 | None Available | |
| Meinerth Susan M | $224,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Broad Bruce | $131,000 | |
| Previous Owner | Meinerth Susan M | $79,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2022 09/09/22 | Sold | $280,000 | +12.0% | $366 / Sq Ft |
| 07/31/2022 07/31/22 | Pending | -- | -- | -- |
| 07/27/2022 07/27/22 | For Sale | $249,900 | -- | $327 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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
-
Michelle Theriault
Seller's Agent in 2022
Michelle Theriault
J. Barrett & Company
(978) 578-0778
1 in this area
42 Total Sales
-
Maloney Howard Group
M
Buyer's Agent in 2022
Maloney Howard Group
J. Barrett & Company
(978) 282-1315
1 in this area
16 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73017908
APN: GLOU-000169-000003-000002F
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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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