NOT LISTED FOR SALE

Ocean Gate Tower 382 Ocean Ave Unit 407 Revere, MA 02151

Crescent Beach Neighborhood

Estimated Value: $493,000 - $533,000

2 Beds
2 Baths
1,057 Sq Ft
$500/mo HOA Fee

Last Sold December 13, 2021

Last sale price $360,000 $341 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,702/month

4 Days on Market

About This Home

As of December 2021

This is an opportunity to own your own oceanfront condo investment property! Take a short walk across the street and be on the beach in minutes! Enjoy the beautiful deck overlooking the ocean and enjoy your morning coffee. Convenient to shopping, Wonderland T Station, entertainment and dining. This lovely 2 bedroom, 2 bath condo offers 1,057 square feet of living space and several amenities such as an in-ground pool, fitness room, sauna/steam room, concierge/security and central AC. Condo fee includes heat and hot water. One deeded parking spot in the garage. TAW Will be delivered with tenant. Current Rent: $1950/month Showings start at first open house.

Last Agent to Sell the Property

Bryan Ruocco

LPT Realty, LLC Listed on: 09/10/2021

LPT Realty, LLC

Last Buyer's Agent

Bryan Ruocco

LPT Realty, LLC Listed on: 09/10/2021

LPT Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,984

Year Built

  • 1987

HOA Fees

  • $500 per month

Parking

  • 1

Utilities

  • 1 Cooling Zone
  • 1 Heating Zone

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,984

Year Built

1987

Lot Details

0

HOA Fees

$500 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • Carport Y N: No
  • Directions: GPS
  • Garage Yn: Yes
  • Property Attached Yn: Yes
  • Structure Type: High-Rise
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1987

Interior Features

  • Total Bathrooms: 2
  • MAIN LO: AC0756
  • LIST PRICE PER Sq Ft: 368.97
  • PRICE PER Sq Ft: 340.59
  • MAIN SO: AC0756
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Stories: 1

Exterior Features

  • Disclosures: Mls Is For Informational Purposes Only And Based On Seller's Best Knowledge. Buyers To Conduct Their Own Diligence. Will Be Delivered With Tenant. Seller Has Never Lived In Unit.
  • Exclusions: All Items Owned By Tenant.
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Under, Off Street
  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • HEAT ZONES: 1
  • COOLING ZONES: 1
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 407
  • Amenities: Hot Water, Pool, Elevator(s), Fitness Center
  • Association Fee: 500
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping

Fee Information

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

Lot Info

  • PAGE: 25
  • Farm Land Area Units: Square Feet
  • Zoning: RC2

Multi Family

  • Number Of Units Total: 114

Tax Info

  • Tax Annual Amount: 4107
  • Tax Book Number: 57041
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2022
Sold by
Qafoku Jonida and Qafoku Marenglen
Bought by
Qafoku Jonida
Current Estimated Value
$515,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,900
Outstanding Balance
$335,057
Interest Rate
5.66%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$179,924

Purchase Details

Listed on
Sep 10, 2021
Closed on
Dec 13, 2021
Sold by
North Shore Res Llc
Bought by
Mance Bashkim and Davtian Armen
Seller's Agent
Bryan Ruocco
LPT Realty, LLC
Buyer's Agent
Bryan Ruocco
LPT Realty, LLC
List Price
$390,000
Sold Price
$360,000
Premium/Discount to List
-$30,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Original Mortgage
$342,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2016
Sold by
R 407 Rt
Bought by
Residentia North Shore

Purchase Details

Closed on
Aug 25, 1987
Sold by
Carabetta Ent Inc
Bought by
Scarpato Roy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
10.29%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Qafoku Jonida -- None Available
Qafoku Jonida -- None Available
Mance Bashkim $360,000 None Available
Residentia North Shore $294,500 --
Scarpato Roy J $118,650 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qafoku Jonida $346,900
Closed Qafoku Jonida $346,900
Previous Owner Mance Bashkim $342,000
Previous Owner Scarpato Roy J $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2021 12/13/21 Sold $360,000 -7.7% $341 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $390,000 -- $369 / 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 $3,984 $439,300 $0 $439,300
2024 $3,837 $421,200 $0 $421,200
2023 $3,858 $405,700 $0 $405,700
2022 $4,034 $387,900 $0 $387,900
2021 $4,107 $371,300 $0 $371,300
2020 $3,899 $346,300 $0 $346,300
2019 $3,537 $292,100 $0 $292,100
2018 $3,660 $282,400 $0 $282,400
2017 $3,609 $258,000 $0 $258,000
2016 $2,969 $205,500 $0 $205,500
2015 $3,041 $205,500 $0 $205,500
Source: Public Records

Agents Affiliated with this Home

  • Bryan Ruocco

    Seller's Agent in 2021

    Bryan Ruocco

    LPT Realty, LLC

    (781) 576-9284

    1 in this area

    34 Total Sales

    Bryan Ruocco
    Section Image
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About Ocean Gate Tower

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72893030

MLS Property Information Network (MLS PIN)

APN: REVE-000009-000161-000001A-000407

Massachusetts Suffolk County Revere 02151 Crescent Beach

382 Ocean Ave Unit 407, Revere, MA

This home is located at 382 Ocean Ave Unit 407, Revere, MA 02151 since 10 September 2021 and is currently estimated at $515,348, approximately $487 per square foot. This property was built in 1987. 382 Ocean Ave Unit 407 is a home located in Suffolk County with nearby schools including Garfield Elementary School, Garfield Middle School, and Rumney Marsh Academy.

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