NOT LISTED FOR SALE

Ocean Gate Tower 382 Ocean Ave Unit 1601 Revere, MA 02151

Crescent Beach Neighborhood

Estimated Value: $538,000 - $634,000

3 Beds
2 Baths
1,251 Sq Ft
$757/mo HOA Fee

Last Sold May 31, 2022

Last sale price $549,000 $439 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,143/month

2 Days on Market

Highlights

  • Ocean View
  • 4-minute walk to Wonderland Station
  • Medical Services
  • Fitness Center
  • Heated Indoor Pool
  • Waterfront

About This Home

As of May 2022

LOCATION, LOCATION, LOCATION!! A rare opportunity to own a waterfront high rise unit on the newly redeveloped Revere Beach! Enjoy this oceanfront, spacious, well designed unit. Wake up and head to Starbucks or enjoy your morning cup of coffee from your oversized, private balcony with newer wooden flooring and beautiful greenery. Recent upgrades include new flooring, new Pella hurricane proof windows and doors, new paint, new recessed lighting and updated fixtures. Nothing left to do but move in! Central air for cooling and heating. Laundry located on the same floor. Extra storage in the building. Amenities include a recently renovated fitness center, indoor swimming pool, sauna, garage parking, and community room. Walking distance to the Wonderland T station, new restaurants, and the Suffolk Downs redevelopment! Less than 10 minutes to Logan International Airport and 15 minutes to Boston. A commuter's dream!!

Last Agent to Sell the Property

Jessica Sebastian

Lyv Realty Listed on: 04/16/2022

Last Buyer's Agent

Deborah Stein

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,742

Year Built

  • Built in 1987

HOA Fees

  • $757 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Tuck Under Parking
  • Garage Door Opener
  • On-Street Parking
  • Open Parking
  • Deeded Parking

Home Design

  • Entry on the 16th floor
  • Rubber Roof
  • Stone

Interior Spaces

  • 1,251 Sq Ft Home
  • 1-Story Property
  • Ocean Views

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Intercom
  • Door Monitored By TV

Pool

  • Heated Indoor Pool
  • Heated In Ground Pool

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 2 Cooling Zones
  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Additional Features

  • Balcony
  • Waterfront

Listing and Financial Details

  • Assessor Parcel Number M:9 B:161 L:1A U:1601,1369072

Community Details

Overview

  • Association fees include heat, water, sewer, insurance, security, maintenance structure, ground maintenance, snow removal, reserve funds
  • 114 Units
  • High-Rise Condominium

Amenities

  • Medical Services
  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Jogging Path

Security

  • Resident Manager or Management On Site
  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,742

Year Built

Built in 1987

Lot Details

0

HOA Fees

$757 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: High-Rise
  • Year Built: 1987
  • Entry Level: 16
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Door Features: Storm Door(s)
  • Entry Location: Unit Placement(Upper,Front)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Master Bathroom Features: Yes
  • Laundry Features: Common Area, In Building
  • Basement: N
  • Living Area: 1251
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Storm Window(s)
  • MAIN LO: AC0342
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Balcony
  • Construction Materials: Stone
  • Home Warranty YN: No
  • Pool Features: Association, In Ground, Indoor, Heated
  • Roof: Rubber
  • 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
  • Open Parking YN: Yes
  • Parking Features: Attached, Under, Garage Door Opener, Deeded, On Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Security Features: Intercom, TV Monitor
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Elevator(s), Fitness Center, Sauna/Steam, Clubroom, Storage
  • Association Fee: 757
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Walk/Jog Trails, Medical Facility, House of Worship, Public School, T-Station
  • Senior Community YN: No
  • MANAGEMENT: Professional - On Site, Professional - Off Site, Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:9 B:161 L:1A U:1601,1369072
  • Zoning: RC2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4742

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2025
Sold by
Shi-Yu 2023 Ret and Shi
Bought by
Shi Yu Ft and Shi
Current Estimated Value
$570,960

Purchase Details

Closed on
Sep 1, 2023
Sold by
Yu Keren and Shi Dabo
Bought by
Shi Yu 2023 Ret and Shi

Purchase Details

Listed on
Apr 16, 2022
Closed on
May 22, 2022
Sold by
Sebastian Jessica A
Bought by
Shi Dabo and Yu Keren
Seller's Agent
Jessica Sebastian
Lyv Realty
Buyer's Agent
Deborah Stein
Gibson Sotheby's International Realty
List Price
$499,999
Sold Price
$549,000
Premium/Discount to List
$49,001
9.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.12%

Purchase Details

Listed on
Jul 31, 2018
Closed on
Oct 2, 2018
Sold by
Baldi Mark J and Baldi Grazielle W
Bought by
Sebastian Jessica A
Seller's Agent
Lauren Barton
Littlefield Real Estate
Buyer's Agent
Lauren Barton
Littlefield Real Estate
List Price
$399,000
Sold Price
$410,000
Premium/Discount to List
$11,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$328,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2011
Sold by
Smeliansky Rt and Smeliansky
Bought by
Baldi Marc J and Baldi Grazielle W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2008
Sold by
Smelyanskiy Anatoly and Smeliansky Anatoly
Bought by
Smeliansky Rt and Smeliansky

Purchase Details

Closed on
Oct 16, 1998
Sold by
Nijnewartovsk Inov Bk
Bought by
Smelianski Tatiana and Smelianski Ioulia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 1993
Sold by
Egk North America Corp
Bought by
Nijnewartovsk Cm In Bk

Purchase Details

Closed on
Feb 2, 1993
Sold by
Lungo Edward J and Walker Paul L
Bought by
Egk North America Corp

Purchase Details

Closed on
Jan 22, 1988
Sold by
Carabetta Ent Inc
Bought by
Lungo Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
10.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shi Yu Ft -- --
Shi Yu 2023 Ret -- None Available
Shi Dabo $549,000 None Available
Sebastian Jessica A $410,000 --
Baldi Marc J $226,000 --
Baldi Marc J $226,000 --
Smeliansky Rt -- --
Smeliansky Rt -- --
Smelianski Tatiana $154,000 --
Nijnewartovsk Cm In Bk $153,500 --
Egk North America Corp $132,000 --
Lungo Edward J $176,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sebastian Jessica A $328,000
Previous Owner Baldi Marc J $180,000
Previous Owner Lungo Edward J $48,000
Previous Owner Lungo Edward J $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold $549,000 +9.8% $439 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/16/2022 04/16/22 For Sale $499,999 +22.0% $400 / Sq Ft
10/02/2018 10/02/18 Sold $410,000 +2.8% $328 / Sq Ft View Prior Sale
08/08/2018 08/08/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $399,000 -- $319 / 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 $4,689 $517,000 $0 $517,000
2024 $4,518 $495,900 $0 $495,900
2023 $4,336 $455,900 $0 $455,900
2022 $4,742 $456,000 $0 $456,000
2021 $4,829 $436,600 $0 $436,600
2020 $4,588 $407,500 $0 $407,500
2019 $4,166 $344,000 $0 $344,000
2018 $4,310 $332,600 $0 $332,600
2017 $4,238 $302,900 $0 $302,900
2016 $3,491 $241,600 $0 $241,600
2015 $3,576 $241,600 $0 $241,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jessica Sebastian

    Lyv Realty

    Section Image
  • Deborah Stein

    Buyer's Agent in 2022

    Deborah Stein

    Gibson Sothebys International Realty

    (617) 969-2447

    1 in this area

    32 Total Sales

    Deborah Stein
    Section Image

  • L

    Seller's Agent in 2018

    Lauren Barton

    Littlefield Real Estate

    Section Image
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About Ocean Gate Tower

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72967394

MLS Property Information Network (MLS PIN)

APN: REVE-000009-000161-000001A-001601

Massachusetts Suffolk County Revere 02151 Crescent Beach

382 Ocean Ave Unit 1601, Revere, MA

Not Listed for Sale

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