Claudette Forbes
LAER Realty Partners
(978) 459-1434
25 Total Sales
1 in Magnolia
$410,000 Price
2 Ocean Ave Unit 2F Gloucester, MA 01930
Magnolia NeighborhoodEstimated Value: $299,000 - $342,849
1
Bed
1
Bath
765
Sq Ft
2003
Built
Highlights
- Marina
- Property is near golf course, public transit, and schools
- Jogging Path
- Medical Services
- Wood Flooring
- Balcony
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!
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,349
Year Built
- Built in 2003
Home Design
- Entry on the 2nd floor
- 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
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
Additional Features
- Balcony
- Property is near golf course, public transit, and schools
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 Community
- Ocean Terrace Condominiums Community
Amenities
- Medical Services
- Shops
- Laundry Facilities
Recreation
- Marina
- Park
- Jogging Path
Pet Policy
- No Pets Allowed
Security
- Resident Manager or Management On Site
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2022
Closed on
Sep 9, 2022
Sold by
Bought by
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%
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
$45,462
Avg. Annual Appreciation
3.93%
Original Mortgage
$131,000
Outstanding Balance
$123,607
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$201,855
Purchase Details
Closed on
Apr 12, 2005
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Magnolia, MA
-
Claudette Forbes
-
Deborah Evans
Deborah Evans
J. Barrett & Company
(351) 215-0813
112 Total Sales
1 in Magnolia
$1,200,000 Price
-
Kelly Blagden
Kelly Blagden
Churchill Properties
(351) 207-3384
16 Total Sales
2 in Magnolia
$313K - $1.2M Price Range
-
Pete Castrichini
Pete Castrichini
Barry Realty Group
(978) 416-5699
25 Total Sales
1 in Magnolia
$450,000 Price
-
Katelyn Ciaramitaro
Katelyn Ciaramitaro
Responds QuicklyEngel & Volkers By the Sea
(978) 969-9322
27 Total Sales
1 in Magnolia
$342,500 Price
-
Madison Stanton
MS
Madison Stanton
Responds QuicklyRE/MAX Bentley's
(978) 961-2432
33 Total Sales
1 in Magnolia
$229,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $280,000 | None Available | ||
| $224,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $131,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
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
37 Total Sales
-
Maloney Howard Group
M
Buyer's Agent in 2022
Maloney Howard Group
J. Barrett & Company
(978) 282-1315
1 in this area
20 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73017908
APN: GLOU-000169-000003-000002F
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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