Seller's Agent in 2015
Patty Knaggs
RE/MAX
(978) 290-1407
1 in this area
27 Total Sales
2 Ocean Ave Unit 2M Gloucester, MA 01930
Magnolia NeighborhoodEstimated Value: $326,000 - $343,000
1
Bed
1
Bath
765
Sq Ft
2003
Built
About This Home
As of May 2015Neat as a pin. Clean as a whistle. Come home to Magnolia for the summer or enjoy the beach & Magnolia community year round! Down sizing, starting out or "down for the summer" you will love the location and lifestyle this modern unit with a sparkling kitchen offers you. The ocean is 1 block away in 3 directions and locals night at the new "525" Restaurant (yummy!) on Lexington Ave (1/2 a block away!) is Monday with a 10% discount! Lexington Ave. (1/2 a block away!) offers: a post office, Dunkins, beauty salons, a fitness studio and of course the Magnolia Library & Community Center! Like the "big beach" feel of Wingaersheek or Good Harbor? Your Gloucester resident Beach sticker gets you preferred parking on busy days! Walking or driving to the beach, the good life is yours in the heart of the village of Magnolia! In building laundry and professional off site management. Hot water heater installed 2011. Monthly electric bill $50 +/- . Sorry, no pets allowed or elevator in building.
Last Buyer's Agent
Sara Lovegreen
Holly C & Co. Fine Homes License #89400549
Property Details
Home Type
Condominium
Est. Annual Taxes
$2,390
Year Built
2003
Lot Details
0
Listing Details
- Unit Level: 2
- Unit Placement: Middle, Back
- Special Features: None
- Property Sub Type: Condos
- Year Built: 2003
Interior Features
- Has Basement: No
- Number of Rooms: 3
- Amenities: Shopping, Park, Conservation Area, Highway Access, House of Worship, Public School
- Electric: Circuit Breakers
- Energy: Insulated Windows
- Flooring: Tile, Wall to Wall Carpet, Laminate
- Interior Amenities: Intercom
- Bathroom #1: First Floor
- Kitchen: First Floor
- Laundry Room: Basement
- Living Room: First Floor
- Master Bedroom: First Floor
- Master Bedroom Description: Flooring - Wall to Wall Carpet
Exterior Features
- Construction: Frame
- Exterior: Aluminum, Vinyl
- Exterior Unit Features: Covered Patio/Deck
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 1
Utilities
- Heat Zones: 3
- Hot Water: Electric
- Utility Connections: for Electric Range, for Electric Oven
Condo/Co-op/Association
- Condominium Name: Ocean Terrace CondominimumTrust
- Association Fee Includes: Water, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal
- Association Pool: No
- Management: Professional - Off Site
- Pets Allowed: No
- No Units: 42
- Unit Building: 2M
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2014
Closed on
May 21, 2015
Sold by
Salah Charles J and Salah Sheila A
Bought by
Williams Kathleen N
Seller's Agent
Patty Knaggs
RE/MAX Beacon
Buyer's Agent
Sara Lovegreen
Holly C & Co. Fine Homes
List Price
$159,900
Sold Price
$145,000
Premium/Discount to List
-$14,900
-9.32%
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
$187,648
Avg. Annual Appreciation
8.49%
Original Mortgage
$116,000
Outstanding Balance
$90,835
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$246,338
Purchase Details
Closed on
Jun 23, 2010
Sold by
Sheila Reilly Ret
Bought by
Salah Charles J and Salah Sheila A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.98%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Williams Kathleen N | $145,000 | -- | |
| Salah Charles J | $134,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Williams Kathleen N | $116,000 | |
| Previous Owner | Salah Charles J | $40,000 | |
| Previous Owner | Salah Charles J | $54,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2015 05/21/15 | Sold | $145,000 | -9.3% | $190 / Sq Ft |
| 04/13/2015 04/13/15 | Pending | -- | -- | -- |
| 01/31/2015 01/31/15 | For Sale | $159,900 | +10.3% | $209 / Sq Ft |
| 01/17/2015 01/17/15 | Off Market | $145,000 | -- | -- |
| 01/02/2015 01/02/15 | For Sale | $159,900 | +10.3% | $209 / Sq Ft |
| 12/31/2014 12/31/14 | Off Market | $145,000 | -- | -- |
| 11/24/2014 11/24/14 | Price Changed | $159,900 | -5.9% | $209 / Sq Ft |
| 08/25/2014 08/25/14 | Price Changed | $169,900 | -5.6% | $222 / Sq Ft |
| 07/25/2014 07/25/14 | For Sale | $179,900 | -- | $235 / 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 | $2,390 | $245,600 | $0 | $245,600 |
| 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 | -- | $130,900 | $0 | $130,900 |
Source: Public Records
Agents Affiliated with this Home
-
Patty Knaggs
-
S
Buyer's Agent in 2015
Sara Lovegreen
Holly C & Co. Fine Homes
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71719693
APN: GLOU-000169-000003-000002M
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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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