NOT LISTED FOR SALE

2 Ocean Ave Unit 3F Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $300,000 - $362,000

1 Bed
1 Bath
765 Sq Ft
$288/mo HOA Fee

Last Sold January 04, 2021

Last sale price $229,000 $299 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,329/month

26 Days on Market

Highlights

  • Ocean View
  • Laundry Facilities
  • Wall to Wall Carpet
  • Electric Baseboard Heater

About This Home

As of January 2021

ENJOY MAGNOLIA'S OCEAN BREEZES AND COASTAL LIVING! A short distance to the ocean & beach! Top floor, 1 bedroom unit at Ocean Terrace Condominium. Terrific, 11' kitchen has traditional, oak cabinets, loads of counter work area, and enough room for table and chairs. Elongated living room/dining area lets the sunshine in and leads to your private balcony overlooking the tree tops and a piece of the ocean toward Magnolia Harbor. Good size bedroom with box/bay window and 2 double door closets. Additional closet space upon entry and great size linen closet. HW tank good to 2024. Professional management. Not far from Magnolia Village, Magnolia Beach, highway, shopping and restaurants. Commuter rail trains from Boston's North Station to Gloucester, Rockport, & Manchester. Magnolia is a small village in Gloucester, Massachusetts, located on the Manchester-by-the-Sea, Massachusetts town line in the southwestern part of the city.

Last Agent to Sell the Property

Luciano Leone Team

RE/MAX 360 Listed on: 10/21/2020

Co-Listed By

Anita Horowitz

RE/MAX 360

Last Buyer's Agent

Andrea Lacroix

Churchill Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,390

Year Built

  • Built in 2003

HOA Fees

  • $288 per month

Kitchen

  • Range
  • Microwave

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Water Holding Tank
  • Electric Water Heater
  • Private Sewer

Additional Features

  • Ocean Views
  • Year Round Access

Community Details

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,390

Year Built

Built in 2003

Lot Details

0

HOA Fees

$288 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 299.35
  • Comp Based On: Net Sale Price
  • Year Built: 2003
  • Year Round: Yes
  • Unit Building: 3F
  • Unit Level: 3
  • Unit Placement: Upper, Top/Penthouse, Middle, Front
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Flooring: Vinyl, Wall to Wall Carpet
  • Appliances: Range, Microwave, Refrigerator
  • No Bedrooms: 1
  • Master Bedroom: On Level: Third Floor, Dimension: 14X11, Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Third Floor, Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
  • No Rooms: 3
  • Kitchen: On Level: Third Floor, Dimension: 11X8, Flooring - Vinyl, Dining Area
  • Laundry Features: In Building
  • Living Room: On Level: Third Floor, Dimension: 20X13, Flooring - Wall to Wall Carpet, Balcony - Exterior, Slider
  • No Living Levels: 1
  • Main Lo: AN4305
  • Main So: AN4851
  • Estimated Sq Ft: 765.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Waterview Features: Ocean
  • Waterview Flag: Yes
  • Roof Material: Tar & Gravel, Rubber
  • Exterior: Vinyl
  • Insulation Feature: Unknown
  • Exterior Unit Features: Balcony

Garage/Parking

  • Parking Feature: Off-Street, Assigned, Paved Driveway
  • Parking Spaces: 1

Utilities

  • Sewer: Private Sewerage
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Wall AC
  • Heating: Electric Baseboard
  • Hot Water: Electric, Tank
  • Utility Connections: for Electric Range

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation
  • HOA Fees: 288.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Refuse Removal, Management Fee
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: The Ocean Terrace Condominium

Lot Info

  • Assessments: 188400.00
  • Lot: 3
  • Page: 156
  • Zoning: VB
  • Master Book: 7323
  • Master Page: 38+

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Tax Info

  • Taxes: 2323.00
  • Assessor Parcel Number: 1901978
  • Tax Year: 2020

Multi Family

  • No Units: 42
  • No Units Owner Occ: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2023
Sold by
Feimer Angelina M and Feimer Bradley
Bought by
Feimer
Total Days on Market
26
Current Estimated Value
$331,969

Purchase Details

Listed on
Oct 21, 2020
Closed on
Feb 19, 2021
Sold by
Feimer Bradley and Todaro Angelina
Bought by
Feimer Bradley and Todaro Angelina
Seller's Agent
Luciano Leone Team
RE/MAX 360
Buyer's Agent
Andrea Lacroix
Churchill Properties
List Price
$229,000
Sold Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$214,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2020
Sold by
Perrone Earlene L
Bought by
Perrone Norman A

Purchase Details

Closed on
Jun 1, 1984
Bought by
Perrone Earlene L
Source: Public Records

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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
Feimer -- None Available
Feimer -- None Available
Feimer Bradley -- None Available
Feimer Bradley -- None Available
Perrone Norman A -- None Available
Perrone Earlene L $51,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feimer Bradley $214,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2021 01/04/21 Sold $229,000 0.0% $299 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $229,000 -- $299 / 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 $2,390 $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 $1,787 $130,900 $0 $130,900
Source: Public Records

Agents Affiliated with this Home

  • Luciano Leone Team

    Seller's Agent in 2021

    Luciano Leone Team

    RE/MAX 360

    1 in this area

    206 Total Sales

    Luciano Leone Team
    Section Image
  • Anita Horowitz

    Seller Co-Listing Agent in 2021

    Anita Horowitz

    RE/MAX 360

    (617) 240-3606

    1 in this area

    37 Total Sales

    Anita Horowitz
    Section Image
  • Andrea Lacroix

    Buyer's Agent in 2021

    Andrea Lacroix

    Churchill Properties

    (508) 561-1161

    1 in this area

    111 Total Sales

    Andrea Lacroix
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72746466

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000003F

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 3F, Gloucester, MA

This home is located at 2 Ocean Ave Unit 3F, Gloucester, MA 01930 since 21 October 2020 and is currently estimated at $331,969, approximately $433 per square foot. This property was built in 2003. 2 Ocean Ave Unit 3F 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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