NOT LISTED FOR SALE

2 Ocean Ave Unit 3C Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $325,000 - $346,000

1 Bed
1 Bath
765 Sq Ft
2003 Built

Sale Details

Date Sold: February 27, 2026

Last sale price $342,500 $448 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,378 / mo

18 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Hot Water Heating System
  • Property is near a beach
  • Two cooling system units
  • Laundry Facilities

About This Home

As of February 2026

Enjoy coastal living with a beautiful ocean view in this charming one bedroom, one bath condo at the Ocean Terrace Condominiums in lovely Magnolia. The open living area features sliding doors to a private outdoor balcony with ocean views—perfect for morning coffee and sea breezes. The spacious living room and bedroom offer great natural light; genuine wood flooring throughout; air conditioning; laundry on premises; and assigned parking. Located just moments from beautiful Magnolia Beach, with a brunch/lunch spot, restaurant, and pub only a block away. Enjoy Magnolia’s village charm, shoreline walks in this beautiful and special little oceanside village. A wonderful home, vacation retreat or investment in a sought-after seaside setting.

Last Agent to Sell the Property

Derek Greene

The Greene Realty Group Listed on: 12/20/2025

Last Buyer's Agent

Katelyn Ciaramitaro

Engel & Volkers By the Sea

Engel & Volkers By the Sea

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,549

Year Built

  • Built in 2003

HOA Fees

  • $343 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Rubber Roof
  • Double Stud Wall

Interior Spaces

  • 765 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Ocean Views

Kitchen

  • Range
  • ENERGY STAR Qualified Refrigerator
  • Freezer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Property is near a beach

Schools

  • West Parish Elementary School
  • Gloucester High School

Utilities

  • Two cooling system units
  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Electric Baseboard Heater
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number M:0169 B:0003 L:0003(C),1901943

Community Details

Overview

  • Association fees include water, insurance, maintenance structure, ground maintenance, snow removal
  • 42 Units
  • Low-Rise Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,549

Year Built

Built in 2003

Lot Details

0 Sq Ft Lot

HOA Fees

$343 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low-Rise
  • Year Built: 2003
  • Entry Level: 3
  • Year Built Details: Approximate
  • Year Round: Yes
  • MLSPIN_BEACHFRONT_FLAG: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Appliances: Range, Refrigerator, Freezer, ENERGY STAR Qualified Refrigerator
  • Total Bedrooms: 1
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: N
  • Above Grade Finished Sq Ft: 765
  • Living Area: 765
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: K95593
  • MAIN SO: AN4733

Exterior Features

  • Construction Materials: Brick, Double Stud Wall
  • Home Warranty YN: No
  • Roof: Rubber
  • Waterfront Features: 1/10 to 3/10 To Beach, Beach Ownership(Private,Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking Spaces: 1
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s), Dual
  • Heating: Electric Baseboard
  • Cooling Y N: Yes
  • Electric: 220 Volts
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry
  • Association Fee: 343
  • Association Fee Frequency: Monthly
  • Senior Community YN: No

Fee Information

  • Association Fee Includes: Water, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: M:0169 B:0003 L:0003(C),1901943
  • Zoning: VB
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 2549

Multi Family

  • Number Of Units Total: 42
  • Basement Included Sq Ft: No
  • Waterview: Ocean

MLS Schools

  • High School: Gloucester
  • Elementary School: West Parish

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 20, 2025
Closed on
Feb 12, 2026
Sold by
Bought by
Seller's Agent
Derek Greene
The Greene Realty Group
Buyer's Agent
Katelyn Ciaramitaro
Engel & Volkers By the Sea
List Price
$350,000
Sold Price
$342,500
Premium/Discount to List
-$7,500
-2.14%
Views
61
Current Estimated Value
$337,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,892
Avg. Annual Appreciation
-4.53%

Purchase Details

Closed on
Oct 9, 2025
Sold by
Bought by

Purchase Details

Closed on
Mar 18, 1994
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
$66,500
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$342,500 --
$180,000 --
$70,000 --
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
Previous Owner $83,000
Previous Owner $103,000
Previous Owner $66,500
Previous Owner $3,400
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
02/27/2026 02/27/26 Sold $342,500 +1.0% $448 / Sq Ft
01/07/2026 01/07/26 Pending -- -- --
12/21/2025 12/21/25 Price Changed $339,000 -3.1% $443 / Sq Ft
12/20/2025 12/20/25 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

  • Derek Greene

    Seller's Agent in 2026

    Derek Greene

    The Greene Realty Group

    (860) 560-1006

    1 in this area

    3,214 Total Sales

    Derek Greene
    Section Image
  • Katelyn Ciaramitaro

    Buyer's Agent in 2026

    Katelyn Ciaramitaro

    Engel & Volkers By the Sea

    (978) 473-0922

    1 in this area

    26 Total Sales

    Katelyn Ciaramitaro
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73463266

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000003C

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 3C, Gloucester, MA

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MLS Property Information Network (MLS PIN) 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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