NOT LISTED FOR SALE

2 Ocean Ave Unit 2J Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $328,000 - $350,000

1 Bed
1 Bath
765 Sq Ft
$312/mo HOA Fee

Last Sold March 04, 2025

Last sale price $350,000 $458 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,332/month

41 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities
  • Heating Available

About This Home

As of March 2025

Ocean Terrace Condominiums are nestled in the charming seaside village of Magnolia, surrounded by nearby restaurants, shops, and access to a private beach club exclusively for Magnolia residents. Experience the best of coastal living with summer block parties, fireworks, and scenic shoreline walks. This delightful 1-bedroom unit is perfect as a weekend getaway, primary residence, or investment property. Enjoy breathtaking Cape Ann vistas and convenient access to popular attractions, including Magnolia Beach, Magnolia Pier, and the Hammond Castle Museum. The sunny, open living room is ideal for dining, relaxing, and entertaining, with sliding doors leading to a private deck. Start your mornings here with a cup of coffee, accompanied by the soothing sounds of the ocean breeze.

Last Agent to Sell the Property

Jack Brown

RE/MAX Beacon Listed on: 12/10/2024

RE/MAX Beacon

Last Buyer's Agent

Deborah Higgins

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,390

Year Built

  • Built in 2003

Lot Details

  • Two or More Common Walls

HOA Fees

  • $312 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 765 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number M:0169 B:0003 L:0002(J),1901978

Community Details

Overview

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

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,390

Year Built

Built in 2003

Lot Details

0

HOA Fees

$312 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 2003
  • Entry Level: 2
  • Year Built Details: Actual
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Entry Location: Unit Placement(Upper)
  • Fireplace YN: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: N
  • Living Area: 765
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN8171
  • MAIN SO: G95022

Exterior Features

  • Common Walls: 2+ Common Walls
  • Home Warranty YN: No
  • Waterfront Features: Beach Front
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer, Private Sewer
  • Cooling: Wall Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry
  • Association Fee: 311.79
  • Association Fee Frequency: Monthly
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:0169 B:0003 L:0002(J),1901978
  • Zoning: VB
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2390

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2024
Closed on
Mar 4, 2025
Sold by
Patten Ann
Bought by
Budrewicz Thomas and Schena-Budrewicz Susan
Seller's Agent
Jack Brown
RE/MAX Beacon
Buyer's Agent
Deborah Higgins
Keller Williams Realty
List Price
$350,000
Sold Price
$350,000
Views
128
Current Estimated Value
$343,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,253
Avg. Annual Appreciation
-2.34%
Original Mortgage
$100,000
Outstanding Balance
$99,336
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$244,411

Purchase Details

Closed on
Oct 28, 2011
Sold by
Gaudreau Marcia A
Bought by
Patten Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,250
Interest Rate
4.08%

Purchase Details

Closed on
Mar 17, 2004
Sold by
Sorensen Inge V
Bought by
Gaudreau Marcia A

Purchase Details

Closed on
Aug 8, 2003
Sold by
Wright Donna
Bought by
Donna Wright Irt

Purchase Details

Closed on
Aug 18, 1989
Sold by
Schlueter Martha
Bought by
Prout Candace L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Budrewicz Thomas $350,000 None Available
Budrewicz Thomas $350,000 None Available
Budrewicz Thomas $350,000 None Available
Patten Ann $159,500 --
Patten Ann $159,500 --
Gaudreau Marcia A $164,900 --
Gaudreau Marcia A $164,900 --
Donna Wright Irt -- --
Donna Wright Irt -- --
Prout Candace L $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Budrewicz Thomas $100,000
Closed Budrewicz Thomas $100,000
Previous Owner Prout Candace L $14,250
Previous Owner Prout Candace L $93,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2025 03/04/25 Sold $350,000 0.0% $458 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
12/10/2024 12/10/24 For Sale $350,000 -- $458 / 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 $2,549 $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

  • Jack Brown

    Seller's Agent in 2025

    Jack Brown

    RE/MAX

    (508) 284-5098

    3 in this area

    154 Total Sales

    Jack Brown
    Section Image
  • Deborah Higgins

    Buyer's Agent in 2025

    Deborah Higgins

    Keller Williams Realty

    (978) 335-4403

    1 in this area

    92 Total Sales

    Deborah Higgins
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73318935

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000002J

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 2J, Gloucester, MA

Not Listed for Sale

Condos

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.

MLS Property Information Network (MLS PIN) 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.

Nearby Homes