2 Ocean Ave Unit 2N Gloucester, MA 01930
Magnolia NeighborhoodEstimated Value: $377,000 - $388,000
2
Beds
1
Bath
870
Sq Ft
$354/mo
HOA Fee
Highlights
- End Unit
- Jogging Path
- Cooling System Mounted In Outer Wall Opening
- Corner Lot
- Balcony
- Shops
About This Home
As of June 2023Set in the heart of Magnolia, this lovely two-bedroom corner unit provides a calm and serene setting both inside and out. Inside you will enjoy bright natural light all day provided by the perfect southern exposure, a spacious living area that's expanded by a private balcony and two bedrooms each with some peaks of the ocean. There is also a kitchen with ample workspace and storage, a full bath and a wall mounted AC unit. Just outside your door is Magnolia Village offering shops, restaurants, beautiful oceanfront walks and Magnolia Beach. There is also one deeded parking spot and laundry in the building. Showings start at Open Houses Sat 5/6 & Sun 5/7 12:00-1:30pm. Offers, if any, due Tuesday 5/9 at 5:00pm.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,057
Year Built
- Built in 2003
HOA Fees
- $354 Monthly HOA Fees
Home Design
- Garden Home
Interior Spaces
- 870 Sq Ft Home
- 1-Story Property
- Sliding Doors
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wall to Wall Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- 1 Car Parking Space
- Off-Street Parking
- Deeded Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- 1 Cooling Zone
- 3 Heating Zones
- Electric Baseboard Heater
- Electric Water Heater
- Private Sewer
Additional Features
- Balcony
- End Unit
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 1901976
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal
- 42 Units
- The Ocean Terrace Condominium Community
Amenities
- Shops
- Laundry Facilities
Recreation
- Jogging Path
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 4, 2023
Closed on
Jun 9, 2023
Sold by
Mertens Nancy
Bought by
Mccurdy George W and Mccurdy Kimberly K
Seller's Agent
Mark Ventimiglia
Vadala Real Estate
Buyer's Agent
John Murphy
Coldwell Banker Realty - Manchester
List Price
$359,900
Sold Price
$365,000
Premium/Discount to List
$5,100
1.42%
Total Days on Market
5
Views
151
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
$17,119
Avg. Annual Appreciation
2.29%
Original Mortgage
$328,500
Outstanding Balance
$321,491
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$60,628
Purchase Details
Closed on
Jun 22, 2007
Sold by
David J Fay T J and David Fay
Bought by
Mertens Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 3, 1994
Sold by
Sullivan Daniel P and Eastern Bank
Bought by
Fay David J
Similar Homes in Gloucester, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mccurdy George W | $365,000 | None Available | |
| Mertens Nancy | $215,000 | -- | |
| Fay David J | $68,700 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mccurdy George W | $328,500 | |
| Previous Owner | Fay David J | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2023 06/11/23 | Off Market | $359,900 | -- | -- |
| 06/09/2023 06/09/23 | Sold | $365,000 | +1.4% | $420 / Sq Ft |
| 05/10/2023 05/10/23 | Pending | -- | -- | -- |
| 05/04/2023 05/04/23 | For Sale | $359,900 | -- | $414 / 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 | $3,190 | $327,900 | $0 | $327,900 |
| 2024 | $3,190 | $327,900 | $0 | $327,900 |
| 2023 | $3,057 | $288,700 | $0 | $288,700 |
| 2022 | $3,133 | $267,100 | $0 | $267,100 |
| 2021 | $3,122 | $251,000 | $0 | $251,000 |
| 2020 | $3,095 | $251,000 | $0 | $251,000 |
| 2019 | $2,544 | $200,500 | $0 | $200,500 |
| 2018 | $2,399 | $185,500 | $0 | $185,500 |
| 2017 | $2,105 | $159,600 | $0 | $159,600 |
| 2016 | $2,037 | $149,700 | $0 | $149,700 |
| 2015 | $1,959 | $143,500 | $0 | $143,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Ventimiglia
Seller's Agent in 2023
Mark Ventimiglia
Vadala Real Estate
(978) 281-1111
3 in this area
80 Total Sales
-
John Murphy
J
Buyer's Agent in 2023
John Murphy
Coldwell Banker Realty - Manchester
(978) 526-7572
1 in this area
13 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73107390
APN: GLOU-000169-000003-000002N
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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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