Seller's Agent in 2025
Jack Brown
RE/MAX
(508) 284-5098
3 in this area
158 Total Sales
2 Ocean Ave Unit 2J Gloucester, MA 01930
Magnolia Neighborhood
1
Bed
1
Bath
765
Sq Ft
$312/mo
HOA Fee
Highlights
- Cooling System Mounted In Outer Wall Opening
- Laundry Facilities
- Heating Available
About This Home
As of March 2025Ocean 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.
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 28, 2011
Sold by
Gaudreau Marcia A
Bought by
Patten Ann
Current Estimated Value
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
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $159,500 | -- | |
| Deed | $159,500 | -- | |
| Deed | $164,900 | -- | |
| Deed | $164,900 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Purchase Money Mortgage | |
| Closed | $100,000 | Purchase Money Mortgage | |
| Closed | $46,000 | Credit Line Revolving | |
| Closed | $14,250 | No Value Available | |
| Closed | $93,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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
-
Deborah Higgins
Buyer's Agent in 2025
Deborah Higgins
Keller Williams Realty
(978) 335-4403
1 in this area
94 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73318935
APN: GLOU-000169-000003-000002J
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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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