NOT LISTED FOR SALE

Ocean Gate Tower 382 Ocean Ave Unit 703 Revere, MA 02151

Crescent Beach Neighborhood

Estimated Value: $377,000 - $395,000

1 Bed
1 Bath
704 Sq Ft
1987 Built

Last Sold July 29, 2022

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

Est. 17% increase in value since last sale

Current estimated payment $2,410/month

21 Days on Market

Highlights

  • Fitness Center
  • 4-minute walk to Wonderland Station
  • Waterfront
  • Medical Services
  • In Ground Pool
  • Property is near public transit

About This Home

As of July 2022

*****Attention investors/ First Time Homebuyers***** Newly Listed 1 Bed 1 Bath with exceptional ocean views JUST STEPS to the BLUE LINE T STATION, DRYFT, STARBUCKS, FINE LINE, MISSION BEACH HOUSE RESTAURANT AND REVERE BEACH. ****LOW CONDO FEE INCLUDES CENTRAL HEAT/AC/WATER/HOT WATER and more***** This unit boasts an OPEN FLOOR PLAN w/ ceramic tile , appliances and private balcony overlooking the Atlantic Ocean. Simply add PAINT, Carpet and Appliances and you are well on your way to building EQUITY!!! Building amenities include DEEDED garage parking, indoor pool and fitness center, GUEST parking in FRONT, private function room, On-site property manager, Dry Cleaners on Ground Level &MUCH MORE!

Last Agent to Sell the Property

Kenny Celano

Turn Key Realty Listed on: 05/18/2022

Last Buyer's Agent

Kenny Celano

Turn Key Realty Listed on: 05/18/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,190

Year Built

  • Built in 1987

Lot Details

  • Waterfront
  • Two or More Common Walls

Parking

  • 1 Car Garage

Home Design

  • Rubber Roof
  • Stone

Interior Spaces

  • 704 Sq Ft Home
  • 1-Story Property

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • In Ground Pool

Location

  • Property is near public transit
  • Property is near schools

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number M:9 B:161 L:1A U:703,1369066

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include heat, gas, water, sewer, insurance, security, maintenance structure, road maintenance, ground maintenance, trash, air conditioning, reserve funds
  • 111 Units
  • High-Rise Condominium

Amenities

  • Medical Services
  • Shops
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,190

Year Built

Built in 1987

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: High-Rise
  • Year Built: 1987
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 7
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Microwave,Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: Common Area, In Building
  • Living Area: 704
  • Stories Total: 1
  • MAIN LO: AN0610
  • LIST PRICE PER Sq Ft: 511.22
  • PRICE PER Sq Ft: 468.75
  • MAIN SO: AN0610

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Materials: Stone
  • Pool Features: Association, In Ground
  • Roof: Rubber
  • Waterfront Features: Waterfront, Beach Front, Ocean, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Pool, Laundry, Elevator(s), Fitness Center
  • Association Fee: 434.4
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Private School, T-Station
  • UNIT BUILDING: 703
  • MANAGEMENT: Professional - On Site, Professional - Off Site

Fee Information

  • Association Fee Includes: Heat, Gas, Water, Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Trash, Air Conditioning, Reserve Funds

Lot Info

  • Parcel Number: M:9 B:161 L:1A U:703,1369066
  • Zoning: RC2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 170

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3190
  • Tax Book Number: 21580

Multi Family

  • Number Of Units Total: 111
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Jul 29, 2022
Sold by
Tatum Kathleen M
Bought by
Verrill David and Verrill Kenneth
Seller's Agent
Kenny Celano
Turn Key Realty
Buyer's Agent
Kenny Celano
Turn Key Realty
List Price
$379,900
Sold Price
$330,000
Premium/Discount to List
-$49,900
-13.14%
Current Estimated Value
$385,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,909
Avg. Annual Appreciation
5.46%
Original Mortgage
$305,000
Outstanding Balance
$294,074
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$90,755

Purchase Details

Closed on
Jul 23, 1997
Sold by
Bablouzian Barkev and Bablouzian Salpi
Bought by
Tatum Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,000
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1988
Sold by
Entrprs Carabetta
Bought by
Bablouzian Barkev

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
10.32%
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
Verrill David $330,000 None Available
Tatum Kathleen M $70,950 --
Bablouzian Barkev $102,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verrill David $305,000
Previous Owner Bablouzian Barkev $54,100
Previous Owner Bablouzian Barkev $41,000
Previous Owner Bablouzian Barkev $57,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $330,000 -8.3% $469 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
06/08/2022 06/08/22 Price Changed $359,900 -2.7% $511 / Sq Ft
06/01/2022 06/01/22 Price Changed $369,900 -2.6% $525 / Sq Ft
05/18/2022 05/18/22 For Sale $379,900 -- $540 / 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 $3,120 $344,000 $0 $344,000
2024 $3,014 $330,900 $0 $330,900
2023 $3,028 $318,400 $0 $318,400
2022 $3,190 $306,700 $0 $306,700
2021 $3,245 $293,400 $0 $293,400
2020 $3,078 $273,400 $0 $273,400
2019 $2,790 $230,400 $0 $230,400
2018 $2,886 $222,700 $0 $222,700
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

  • Kenny Celano

    Seller's Agent in 2022

    Kenny Celano

    Turn Key Realty

    (781) 264-3992

    Section Image
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About Ocean Gate Tower

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72983460

MLS Property Information Network (MLS PIN)

APN: REVE-000009-000161-000001A-000703

Massachusetts Suffolk County Revere 02151 Crescent Beach

382 Ocean Ave Unit 703, Revere, MA

This home is located at 382 Ocean Ave Unit 703, Revere, MA 02151 since 18 May 2022 and is currently estimated at $385,909, approximately $548 per square foot. This property was built in 1987. 382 Ocean Ave Unit 703 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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