NOT LISTED FOR SALE

2 Ocean Ave Unit 3D Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $247,000 - $323,000

1 Bed
1 Bath
535 Sq Ft
$180/mo HOA Fee

Last Sold May 15, 2023

Last sale price $270,000 $505 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,929/month

8 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • Dual Closets
  • Open Floorplan
  • Balcony
  • Crown Molding

About This Home

As of May 2023

Magnolia oasis - Don’t miss this opportunity to own this immaculate studio apartment in an amazing location. A great weekend getaway, primary residence or investment property. Leave the slider open to enjoy the salt-air breeze. Step out onto the private balcony to sip your morning coffee. Inside, the sunlight glistens on the hardwood floors. The kitchen has ample cabinet space and full-size appliances including refrigerator, range, microwave and dishwasher. You will love all the storage with two double closets and a large linen closet. Ocean Terrace Condominiums are set in a quaint seaside village with restaurants, shops, Magnolia Beach and Magnolia Pier. First showings this weekend at the Open House, Saturday and Sunday.

Last Agent to Sell the Property

Kimberly Lorden

Advisors Living - Gloucester Listed on: 03/27/2023

Advisors Living - Gloucester

Last Buyer's Agent

Jackelyn Enslow

J. Barrett & Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,935

Year Built

  • Built in 2003

HOA Fees

  • $180 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Interior Spaces

  • 535 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Wainscoting
  • Recessed Lighting
  • Sliding Doors
  • Exterior Basement Entry

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom located on third floor
  • Dual Closets
  • 1 Full Bathroom
  • Bathtub with Shower

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 1 Cooling Zone
  • 2 Heating Zones
  • Heating Available
  • Electric Water Heater
  • Private Sewer

Additional Features

  • Balcony
  • No Units Above

Listing and Financial Details

  • Assessor Parcel Number M:0169 B:0003 L:0003(D),1901974

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 42 Units
  • Ocean Terrace Condominiums Community

Amenities

  • Laundry Facilities

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,935

Year Built

Built in 2003

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other (See Remarks)
  • Year Built: 2003
  • Buyer Agency: 2
  • Entry Level: 3
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator, Electric Water Heater, Utility Connections for Electric Range
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Hardwood, Recessed Lighting, Beadboard, Crown Molding, Closet - Double
  • Room Master Bedroom Level: Third
  • Bathroom 1 Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: Third
  • Room Kitchen Level: Third
  • Room Living Room Level: Third
  • Room Living Room Features: Flooring - Hardwood, Balcony - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Crown Molding, Closet - Double
  • Basement: N
  • Living Area: 535
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 467.1
  • PRICE PER Sq Ft: 504.67
  • MAIN SO: C95243

Exterior Features

  • Exterior Features: Balcony
  • Common Walls: No One Above
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, Beach Ownership(Private,Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 1

Utilities

  • Sewer: Private Sewer
  • Utilities: for Electric Range
  • Cooling: Wall Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Laundry
  • Association Fee: 179.6
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Senior Community YN: No
  • UNIT BUILDING: 3D
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: M:0169 B:0003 L:0003(D),1901974
  • Zoning: VB
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 434
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1935
  • Tax Book Number: 14643

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
May 8, 2023
Sold by
Cocotas Linda A and Lacey Heather
Bought by
Ruggiero Peter
Seller's Agent
Kimberly Lorden
Advisors Living - Gloucester
Buyer's Agent
Jackelyn Enslow
J. Barrett & Company
List Price
$249,900
Sold Price
$270,000
Premium/Discount to List
$20,100
8.04%
Total Days on Market
8
Views
178
Current Estimated Value
$282,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,968
Avg. Annual Appreciation
2.27%

Purchase Details

Closed on
Dec 20, 2021
Sold by
Cocotas Linda A
Bought by
Cocotas Linda A

Purchase Details

Closed on
Mar 9, 1998
Sold by
Heneghan Ethel and Heneghan Sean F
Bought by
Cocotas Linda A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ruggiero Peter $270,000 None Available
Cocotas Linda A -- None Available
Cocotas Linda A $55,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $270,000 +8.0% $505 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $249,900 -- $467 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $2,016 $207,200 $0 $207,200
2024 $2,016 $207,200 $0 $207,200
2023 $1,935 $182,700 $0 $182,700
2022 $1,985 $169,200 $0 $169,200
2021 $1,979 $159,100 $0 $159,100
2020 $1,962 $159,100 $0 $159,100
2019 $1,871 $147,400 $0 $147,400
2018 $1,765 $136,500 $0 $136,500
2017 $1,550 $117,500 $0 $117,500
2016 $1,501 $110,300 $0 $110,300
2015 $1,383 $101,300 $0 $101,300
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Lorden

    Seller's Agent in 2023

    Kimberly Lorden

    Advisors Living - Gloucester

    (978) 879-6746

    1 in this area

    51 Total Sales

    Kimberly Lorden
    Section Image
  • Jackelyn Enslow

    Buyer's Agent in 2023

    Jackelyn Enslow

    J. Barrett & Company

    (978) 979-2647

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73091808

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000003D

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 3D, Gloucester, MA

This home is located at 2 Ocean Ave Unit 3D, Gloucester, MA 01930 since 27 March 2023 and is currently estimated at $282,968, approximately $528 per square foot. This property was built in 2003. 2 Ocean Ave Unit 3D is a home located in Essex County with nearby schools including West Parish, Ralph B O'maley Middle School, and Gloucester High School.

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