$193,000
SOLD JUL 3, 2018
1 Bed
1 Bath
765 Sq Ft
$281/mo HOA Fee

Recently Sold

$252 Per Sq Ft

3% Below List Price

3 Days on Market

About This Home

As of July 2018

Magnolia - the ocean nearby, and a block from a breakfast and lunch shop where you can join other locals for good conversation, plus a restaurant and Pub nearby if you don't feel like cooking dinner after a busy day. All this just a short distance from Ocean Terrace Condominiums. Built in 2003, the building has been well cared for. This one bedroom unit with beautifully redone maple flooring is freshly painted and only needs your couch to make it home. Magnolia - a seaside village and only three miles to the MBTA station. Be lucky to live in Magnolia year round or make it a weekend get a way. No need for a car - take the train and cab over to this hideaway.

Last Agent to Sell the Property

Ruth Pino

RE/MAX Beacon Listed on: 06/07/2018

RE/MAX Beacon

Last Buyer's Agent

George Hackford

Coldwell Banker Realty - Gloucester License #454007736

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,390

Year Built

  • Built in 2003

HOA Fees

  • $281 per month

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Additional Features

  • Range
  • Wood Flooring
  • Year Round Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,390

Year Built

Built in 2003

Lot Details

0

HOA Fees

$281 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 258.82
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 2003
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 3L
  • Unit Level: 3
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Cable Available
  • Appliances: Range, Refrigerator
  • No Bedrooms: 1
  • Master Bedroom: On Level: Third Floor, Dimension: 15X11, Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Third Floor, Dimension: 7X4, Bathroom - Full, Bathroom - With Tub & Shower
  • No Rooms: 3
  • Kitchen: On Level: Third Floor, Dimension: 12X8, Flooring - Hardwood
  • Living Room: On Level: Third Floor, Dimension: 20X12, Flooring - Hardwood, Balcony / Deck, Cable Hookup
  • No Living Levels: 1
  • Main Lo: C58300
  • Main So: K95001
  • Estimated Sq Ft: 765.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Brick
  • Roof Material: Rubber
  • Exterior: Brick
  • Insulation Feature: Fiberglass
  • Exterior Unit Features: Porch

Garage/Parking

  • Parking Feature: Assigned
  • Parking Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Fee Interval: Monthly
  • HOA Fees: 281.09
  • Association Fee Includes: Water, Master Insurance, Laundry Facilities, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Ocean Terrace Condominium

Lot Info

  • Assessments: 169100.00
  • Acre: 0.97
  • Lot Size: 42238.00
  • Page: 34
  • Zoning: VB
  • Master Book: 7323
  • Master Page: 389

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Tax Info

  • Taxes: 2186.00
  • Assessor Parcel Number: 1901946

Multi Family

  • No Units: 42
  • No Units Owner Occ: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2018
Closed on
Jul 3, 2018
Sold by
Sandra S Ross Ret and Ross
Bought by
Hackford Chantal and Hackford George M
Seller's Agent
George Hackford
Coldwell Banker Realty - Gloucester
Buyer's Agent
George Hackford
Coldwell Banker Realty - Gloucester
Sold Price
$1,600
Current Estimated Value
$331,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,510
Avg. Annual Appreciation
7.96%

Purchase Details

Closed on
Feb 28, 2005
Sold by
Cardin Sara L
Bought by
Ross Thomas P and Ross Sandra S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 1999
Sold by
Johnson Janet F
Bought by
Cardin Sara L
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 Type Sale Price Title Company
Deed $193,000 --
Deed $118,000 --
Deed $82,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,750 Purchase Money Mortgage
Previous Owner $147,000 No Value Available
Previous Owner $118,000 Purchase Money Mortgage
Previous Owner $20,000 No Value Available
Previous Owner $97,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Rented -- -- --
07/31/2021 07/31/21 Under Contract -- -- --
07/14/2021 07/14/21 For Rent $1,800 +12.5% --
08/16/2019 08/16/19 Rented $1,600 0.0% --
07/18/2019 07/18/19 Under Contract -- -- --
07/09/2019 07/09/19 For Rent $1,600 0.0% --
08/10/2018 08/10/18 Rented $1,600 0.0% --
07/23/2018 07/23/18 Under Contract -- -- --
07/07/2018 07/07/18 For Rent $1,600 0.0% --
07/03/2018 07/03/18 Sold $193,000 -2.5% $252 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $198,000 -- $259 / 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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72341694

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000003L