Katelyn Ciaramitaro
Responds Quickly
Engel & Volkers By the Sea
(978) 969-9322
27 Total Sales
1 in Magnolia
$342,500 Price
2 Ocean Ave Unit 2J Gloucester, MA 01930
Magnolia NeighborhoodEstimated Value: $327,000 - $367,663
1
Bed
1
Bath
765
Sq Ft
2003
Built
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.
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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 Community
- Ocean Terrace Condominium Trust Community
Amenities
- Laundry Facilities
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
Dec 10, 2024
Closed on
Mar 4, 2025
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,584
Avg. Annual Appreciation
-0.72%
Original Mortgage
$100,000
Outstanding Balance
$98,640
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$247,776
Purchase Details
Closed on
Oct 28, 2011
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Aug 8, 2003
Sold by
Bought by
Purchase Details
Closed on
Aug 18, 1989
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Magnolia, MA
-
Katelyn Ciaramitaro
-
Claudette Forbes
Claudette Forbes
LAER Realty Partners
(978) 459-1434
25 Total Sales
1 in Magnolia
$410,000 Price
-
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
-
Andrea O'Reilly
Andrea O'Reilly
Responds QuicklyKeller Williams Realty Evolution
(339) 218-6892
178 Total Sales
1 in Magnolia
$258,000 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 |
|---|---|---|---|
| $350,000 | None Available | ||
| $159,500 | -- | ||
| $164,900 | -- | ||
| -- | -- | ||
| $90,000 | -- |
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 | $100,000 | ||
| Previous Owner | $46,000 | ||
| Previous Owner | $14,250 | ||
| Previous Owner | $93,000 | ||
| Previous Owner | $57,040 |
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 |
|---|---|---|---|---|
| 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
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
-
Jack Brown
Seller's Agent in 2025
Jack Brown
RE/MAX
(508) 284-5098
1 in this area
148 Total Sales
-
Deborah Higgins
Buyer's Agent in 2025
Deborah Higgins
Keller Williams Realty
(978) 335-4403
1 in this area
90 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73318935
APN: GLOU-000169-000003-000002J
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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