$131,900
SOLD AUG 9, 2013

2 Ocean Ave Unit 3M Gloucester, MA 01930

Magnolia Neighborhood
1 Bed
1 Bath
765 Sq Ft
0.97 Acres

Recently Sold

$172 Per Sq Ft

12% Below List Price

184 Days on Market

About This Home

As of December 2014

Live the simple life near the ocean and Magnolia Beach. Ocean Terrace Condominium was built new in 2003 and this spacious one bedroom unit has been freshly painted and is fully applianced. If you are a commuter, the MBTA station is only a few miles away in either West Gloucester or Manchester. This is also the perfect second home when you need to escape to the quality of life that living on Cape Ann can bring.

Last Agent to Sell the Property

Ruth Pino

RE/MAX Beacon Listed on: 01/01/2013

RE/MAX Beacon

Last Buyer's Agent

Deborah Evans

J. Barrett & Company

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,390

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
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Vinyl, Wall to Wall Carpet
  • Insulation: Full, Fiberglass
  • Interior Amenities: Cable Available
  • Bathroom #1: Third Floor, 8X5
  • Kitchen: Third Floor, 12X8
  • Living Room: Third Floor, 20X12
  • Master Bedroom: Third Floor, 13X11
  • Master Bedroom Description: Flooring - Wall to Wall Carpet

Exterior Features

  • Construction: Frame
  • 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 Condominium
  • 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
$330,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,248
Avg. Annual Appreciation
7.91%
Original Mortgage
$80,000
Outstanding Balance
$63,241
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$272,708

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:

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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 Type Sale Price Title Company
Not Resolvable $150,000 --
Not Resolvable $131,900 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,000 New Conventional
Closed $80,000 New Conventional
Previous Owner $129,510 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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 $2,390 $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

  • Deborah Evans

    Seller's Agent in 2014

    Deborah Evans

    J. Barrett & Company

    (978) 314-5970

    1 in this area

    113 Total Sales

    Section Image
  • Janet Breiter

    Buyer's Agent in 2014

    Janet Breiter

    Keller Williams Realty Evolution

    (978) 865-9892

    11 Total Sales

    Section Image
  • Ruth Pino

    Seller's Agent in 2013

    Ruth Pino

    RE/MAX

    6 in this area

    120 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71467496

MLS Property Information Network (MLS PIN)

APN: GLOU-000169-000003-000003M

Massachusetts Essex County Gloucester 01930 Magnolia

2 Ocean Ave Unit 3M, Gloucester, MA

This home is located at 2 Ocean Ave Unit 3M, Gloucester, MA 01930 and is currently priced at $131,900, approximately $172 per square foot. This property was built in 2003. 2 Ocean Ave Unit 3M is a home located in Essex County with nearby schools including West Parish, Ralph B O'maley Middle School, and Gloucester High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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