NOT LISTED FOR SALE

Ocean Gate Tower 382 Ocean Ave Unit 1003 Revere, MA 02151

Crescent Beach Neighborhood

Estimated Value: $374,076 - $399,000

1 Bed
1 Bath
704 Sq Ft
$487/mo HOA Fee

Last Sold February 09, 2024

Last sale price $330,000 $469 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,784/month

2 Days on Market

Highlights

  • Ocean View
  • 4-minute walk to Wonderland Station
  • Property is near public transit
  • Fitness Center
  • Waterfront
  • Sauna

About This Home

As of February 2024

A remarkable 1-bedroom condominium perched on the 10th floor with breathtaking direct ocean views in the vibrant city of Revere. This spacious residence has the potential to transform it into your dream coastal retreat. Natural light pours into the space creating a serene and inviting atmosphere. Imagine waking up to the sound of waves and enjoying stunning sunsets from the comfort of your own home. While the interior awaits your personal touch and modern updates, the canvas is set. Step outside onto the balcony, where a 180-degree panorama of Revere Beach unfolds before you. Residents can indulge in the array of amenities, including an indoor pool for year-round relaxation, a club room for social gatherings, and a well-equipped workout room complete with a sauna for a rejuvenating fitness routine. Convenience is at your doorstep with blue-line access within walking distance and includes a garage parking space too!

Last Agent to Sell the Property

Thomas Mario

Century 21 Mario Real Estate Listed on: 12/01/2023

Century 21 Mario Real Estate

Last Buyer's Agent

Tenzin Tsarong

Coldwell Banker Realty - Newton

Coldwell Banker Realty - Newton

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,054

Year Built

  • Built in 1987

HOA Fees

  • $487 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Off-Street Parking

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 704 Sq Ft Home
  • 1-Story Property
  • Ocean Views
  • Intercom

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System

Additional Features

  • Porch
  • Waterfront
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 1369079

Community Details

Overview

  • Association fees include heat, gas, water, sewer, insurance, maintenance structure, ground maintenance, snow removal, air conditioning, reserve funds
  • 114 Units
  • Mid-Rise Condominium
  • Ocean Gate Community

Amenities

  • Shops
  • Sauna
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,054

Year Built

Built in 1987

Lot Details

0

HOA Fees

$487 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1987
  • Entry Level: 10
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Carpet
  • Entry Location: Unit Placement(Front)
  • Fireplace YN: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Laundry Features: In Building
  • Basement: N
  • Living Area: 704
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: BB2945
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Porch
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Waterfront Features: Waterfront, Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes
  • Waterview Flag: Yes

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Under, Off Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry, Elevator(s), Fitness Center, Sauna/Steam
  • Association Fee: 487
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, T-Station
  • Senior Community YN: No
  • MANAGEMENT: Professional - On Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Air Conditioning, Reserve Funds

Lot Info

  • Parcel Number: 1369079
  • Zoning: RC2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3054

Multi Family

  • Number Of Units Total: 114
  • Basement Included Sq Ft: No
  • Waterview: Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Feb 9, 2024
Sold by
Keith Lee
Bought by
Rinzin Tsewang and Dargye Lobsang
Seller's Agent
Thomas Mario
Century 21 Mario Real Estate
Buyer's Agent
Tenzin Tsarong
Coldwell Banker Realty - Newton
List Price
$320,000
Sold Price
$330,000
Premium/Discount to List
$10,000
3.12%
Views
131
Current Estimated Value
$388,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,019
Avg. Annual Appreciation
9.25%
Original Mortgage
$160,000
Outstanding Balance
$157,172
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$230,847

Purchase Details

Closed on
Jun 25, 2001
Sold by
Moll Jeffrey B
Bought by
Keith Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 1997
Sold by
Zarrella Ronald V and Bankboston Na
Bought by
Moll Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 1987
Sold by
Carabetta Entp Inc
Bought by
Zarrella Ronald V
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rinzin Tsewang $330,000 None Available
Keith Lee $140,000 --
Moll Jeffrey $69,000 --
Zarrella Ronald V $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rinzin Tsewang $160,000
Previous Owner Zarrella Ronald V $120,000
Previous Owner Zarrella Ronald V $67,000
Previous Owner Zarrella Ronald V $118,000
Previous Owner Zarrella Ronald V $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2024 02/09/24 Sold $330,000 +3.1% $469 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $320,000 -- $455 / 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 $3,145 $346,800 $0 $346,800
2024 $3,040 $333,700 $0 $333,700
2023 $3,054 $321,100 $0 $321,100
2022 $3,218 $309,400 $0 $309,400
2021 $3,273 $295,900 $0 $295,900
2020 $3,104 $275,700 $0 $275,700
2019 $2,813 $232,300 $0 $232,300
2018 $2,911 $224,600 $0 $224,600
2017 $2,841 $203,100 $0 $203,100
2016 $2,332 $161,400 $0 $161,400
2015 $2,389 $161,400 $0 $161,400
Source: Public Records

Agents Affiliated with this Home

  • Thomas Mario

    Seller's Agent in 2024

    Thomas Mario

    Century 21 Mario Real Estate

    (978) 375-5049

    2 in this area

    84 Total Sales

    Thomas Mario
    Section Image
  • Tenzin Tsarong

    Buyer's Agent in 2024

    Tenzin Tsarong

    Coldwell Banker Realty - Newton

    (781) 888-7875

    2 in this area

    31 Total Sales

    Tenzin Tsarong
    Section Image
See All Agents

About Ocean Gate Tower

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73184465

MLS Property Information Network (MLS PIN)

APN: REVE-000009-000161-000001A-001003

Massachusetts Suffolk County Revere 02151 Crescent Beach

382 Ocean Ave Unit 1003, Revere, MA

Not Listed for Sale

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