D
Seller's Agent in 2026
David Picardy
Real Broker MA, LLC
2 Ocean Ave Unit 2K Gloucester, MA 01930
Magnolia Neighborhood
1
Bed
1
Bath
765
Sq Ft
2003
Built
Highlights
- Beach Front
- Medical Services
- Main Floor Primary Bedroom
- Marina
- Property is near public transit and schools
- Jogging Path
About This Home
As of April 2026Coastal living just one block from the beach! This beautifully updated 1-bedroom condo offers 765 sq ft of comfortable, low-maintenance living in an unbeatable location in Magnolia village. Freshly painted throughout, the unit features brand-new waterproof luxury vinyl flooring and a bright, open layout connecting the living, dining, and kitchen areas. The spacious bedroom includes generous closet space, and the private balcony is perfect for morning coffee or enjoying the ocean breeze. With multiple recent sales in the building, demand here is proven — ideal for first-time buyers, downsizers, investors, or anyone seeking a beachside retreat. Move in and start enjoying the coastal lifestyle.
Last Agent to Sell the Property
David Picardy
Real Broker MA, LLC Listed on: 02/18/2026
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,549
Year Built
- Built in 2003
HOA Fees
- $327 Monthly HOA Fees
Home Design
- Garden Home
- Entry on the 2nd floor
- Frame Construction
- Shingle Roof
Interior Spaces
- 765 Sq Ft Home
- 1-Story Property
- Insulated Windows
- Vinyl Flooring
- Intercom
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Parking
- 1 Car Parking Space
- Paved Parking
- 1 Open Parking Space
- Off-Street Parking
- Assigned Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- 1 Cooling Zone
- 1 Heating Zone
- Heating Available
- Private Sewer
Additional Features
- Balcony
- Beach Front
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number M:0169 B:0003 L:0002(K),1901952
Community Details
Overview
- Association fees include water, sewer, insurance, ground maintenance, snow removal
- 42 Units
- Ocean Terrace Condominium Community
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Jogging Path
- Bike Trail
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 18, 2026
Closed on
Apr 8, 2026
Sold by
Ellis 2018 and Ellis Ellis
Bought by
Patterson Fern
Seller's Agent
David Picardy
Real Broker MA, LLC
Buyer's Agent
Reynolds Group
Longwood Residential, LLC
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%
Views
128
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
94.24%
Purchase Details
Closed on
Jul 30, 2018
Sold by
Ellis David W
Bought by
Ellis 2018 T
Purchase Details
Closed on
Jul 31, 1987
Sold by
Kasbarian Gergory
Bought by
Ellis David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
10.43%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $330,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $103,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $85,200 | No Value Available | |
| Previous Owner | $92,700 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2026 04/09/26 | Sold | $330,000 | -4.3% | $431 / Sq Ft |
| 03/22/2026 03/22/26 | Pending | -- | -- | -- |
| 03/17/2026 03/17/26 | Price Changed | $345,000 | -1.1% | $451 / Sq Ft |
| 02/18/2026 02/18/26 | For Sale | $349,000 | 0.0% | $456 / Sq Ft |
| 10/05/2016 10/05/16 | Rented | $1,200 | 0.0% | -- |
| 09/05/2016 09/05/16 | Under Contract | -- | -- | -- |
| 08/23/2016 08/23/16 | For Rent | $1,200 | +9.1% | -- |
| 05/01/2015 05/01/15 | Rented | $1,100 | 0.0% | -- |
| 04/01/2015 04/01/15 | Under Contract | -- | -- | -- |
| 03/30/2015 03/30/15 | For Rent | $1,100 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
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
-
-
Reynolds Group
R
Buyer's Agent in 2026
Reynolds Group
Longwood Residential, LLC
(617) 733-8594
1 in this area
110 Total Sales
-
P
Seller's Agent in 2016
Pamela Roberts
Coldwell Banker Realty - Beverly
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73478156
APN: GLOU-000169-000003-000002K
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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