NOT LISTED FOR SALE

2 Ocean Ave Unit 3M Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $298,000 - $341,000

1 Bed
1 Bath
765 Sq Ft
0.97 Acres

Last Sold December 30, 2014

Last sale price $150,000 $196 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,914/month

37 Days on Market

About This Home

As of December 2014

Live simply in this bright and sunny 1 bedroom condo in Magnolia Village. Walk along the ocean, enjoy the beach and dine at the village restaurants. This unit has gleaming new wood floors, a private deck, 1 car deeded parking, and coin operated laundry in the building. Built in 2003, this building is well maintained and professionally managed. Easy access to 128 and the commuter rail. Enjoy all the Cape Ann seacoast has to offer from this beautiful Magnolia location!

Last Agent to Sell the Property

Deborah Evans

J. Barrett & Company Listed on: 10/19/2014

Last Buyer's Agent

Janet Breiter

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

Condominium

Year Built

2003

Lot Details

0

Listing Details

  • Unit Level: 3
  • Unit Placement: Upper
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2003

Interior Features

  • Has Basement: No
  • Number of Rooms: 3
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, T-Station
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Wood, Vinyl
  • Insulation: Full, Fiberglass
  • Interior Amenities: Cable Available
  • Bathroom #1: Third Floor, 5X8
  • Kitchen: Third Floor, 8X12
  • Living Room: Third Floor, 12X20
  • Master Bedroom: Third Floor, 11X13
  • Master Bedroom Description: Flooring - Wood

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Unit Features: Deck

Garage/Parking

  • Parking: Off-Street, Assigned
  • Parking Spaces: 1

Utilities

  • Hot Water: Electric
  • Utility Connections: for Electric Range

Condo/Co-op/Association

  • Condominium Name: Ocean Terrace Condominiums
  • Association Fee Includes: Water, Master Insurance, Laundry Facilities, Exterior Maintenance, Landscaping, Snow Removal
  • Association Pool: No
  • Management: Professional - Off Site
  • Pets Allowed: No
  • No Units: 42
  • Unit Building: 3M

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2014
Closed on
Dec 30, 2014
Sold by
Friedrich Robert E and Friedrich Sandra B
Bought by
Dahlmer Joann
Seller's Agent
Deborah Evans
J. Barrett & Company
Buyer's Agent
Janet Breiter
Keller Williams Realty Evolution
List Price
$158,500
Sold Price
$150,000
Premium/Discount to List
-$8,500
-5.36%
Current Estimated Value
$323,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,639
Avg. Annual Appreciation
7.28%
Original Mortgage
$80,000
Outstanding Balance
$61,328
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$262,311

Purchase Details

Listed on
Jan 1, 2013
Closed on
Aug 9, 2013
Sold by
Lufkin Marianne F
Bought by
Friedrich Robert E and Friedrich Sandra B
Seller's Agent
Ruth Pino
RE/MAX Beacon
Buyer's Agent
Deborah Evans
J. Barrett & Company
List Price
$149,900
Sold Price
$131,900
Premium/Discount to List
-$18,000
-12.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%
Original Mortgage
$129,510
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2012
Sold by
Lufkin Fitz Jr Est
Bought by
Lufkin Marianne F
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

Date Buyer Sale Price Title Company
Dahlmer Joann $150,000 --
Friedrich Robert E $131,900 --
Lufkin Marianne F -- --
Lufkin Marianne F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lufkin Marianne F $80,000
Closed Lufkin Marianne F $80,000
Previous Owner Friedrich Robert E $129,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2014 12/30/14 Sold $150,000 0.0% $196 / Sq Ft
11/25/2014 11/25/14 Pending -- -- --
10/25/2014 10/25/14 Off Market $150,000 -- --
10/19/2014 10/19/14 For Sale $158,500 +20.2% $207 / Sq Ft
08/09/2013 08/09/13 Sold $131,900 -5.7% $172 / Sq Ft View Prior Sale
07/04/2013 07/04/13 Pending -- -- --
02/19/2013 02/19/13 Price Changed $139,900 -6.7% $183 / Sq Ft
01/01/2013 01/01/13 For Sale $149,900 -- $196 / 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 $2,549 $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

  • Deborah Evans

    Seller's Agent in 2014

    Deborah Evans

    J. Barrett & Company

    (978) 314-5970

    1 in this area

    117 Total Sales

    Deborah Evans
    Section Image
  • Janet Breiter

    Buyer's Agent in 2014

    Janet Breiter

    Keller Williams Realty Evolution

    (978) 865-9892

    7 Total Sales

    Janet Breiter
    Section Image
  • Ruth Pino

    Seller's Agent in 2013

    Ruth Pino

    RE/MAX

    (978) 764-6710

    6 in this area

    115 Total Sales

    Ruth Pino
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71759131

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000003M

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 3M, Gloucester, MA

Not Listed for Sale

Condos

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