NOT LISTED FOR SALE

54 Lexington Ave Unit 1 Gloucester, MA 01930

Magnolia Neighborhood

Estimated Value: $268,000 - $306,000

1 Bed
1 Bath
367 Sq Ft
$222/mo HOA Fee

Last Sold June 25, 2019

Last sale price $180,000 $490 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,939/month

48 Days on Market

About This Home

As of June 2019

Enjoy the ocean breezes from this lovely studio condo unit located in Magnolia Village near shops, restaurants and Grey Beach! Featuring hardwood flooring and a separate kitchen and full bath, Perfect for your summer getaway! With heat and hot water included in the monthly condo fee, you can make this your weekend retreat all year long. Parking for one car is provided off-street with ample on-street parking available for guests. The ocean is visible from the common use front porch where you can lounge in the Adirondack chairs. A coin-op laundry room is provided for common use. Pet friendly building!

Last Agent to Sell the Property

Mark Vadala

Vadala Real Estate Listed on: 04/12/2019

Last Buyer's Agent

Lauren Mears

J. Barrett & Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,106

Year Built

  • Built in 1920

Lot Details

  • Year Round Access

HOA Fees

  • $222 per month

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Tile

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Oil
  • Water Holding Tank
  • Oil Water Heater
  • Private Sewer
  • Cable TV Available

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:0167 B:0017 L:0001

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,106

Year Built

Built in 1920

Lot Details

0

HOA Fees

$222 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Garden
  • Other Agent: 1.00
  • Year Built Description: Approximate, Renovated Since
  • List Price Per Sq Ft: 517.44
  • Comp Based On: Net Sale Price
  • Year Built: 1920
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 1
  • Unit Level: 1
  • Unit Placement: Lower Level, Garden
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1920

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available
  • Appliances: Range, Microwave, Refrigerator
  • No Bedrooms: 1
  • Master Bedroom: On Level: First Floor, Dimension: 21X15, Flooring - Hardwood, Cable Hookup, Chair Rail, Exterior Access
  • Full Bathrooms: 1
  • Bathroom 1: On Level: First Floor, Dimension: 6X5, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • No Rooms: 2
  • Kitchen: On Level: First Floor, Dimension: 7X5, Flooring - Hardwood, Countertops - Upgraded, Cabinets - Upgraded
  • No Living Levels: 1
  • Main Lo: C95600
  • Main So: AN4851
  • Estimated Sq Ft: 367.00

Exterior Features

  • Beach Ownership: Private, Association
  • Beachfront Flag: Yes
  • Beach Miles To: 1/10 to 3/10
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles, Vinyl
  • Insulation Feature: Unknown
  • Exterior Unit Features: Deck - Access Rights, Screens

Garage/Parking

  • Parking Feature: Off-Street, Deeded, Paved Driveway
  • Parking Spaces: 1

Utilities

  • Sewer: Private Sewerage
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heating: Hot Water Baseboard, Oil
  • Hot Water: Oil, Tank
  • Utility Connections: for Electric Range, for Electric Oven

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Conservation Area
  • HOA Fees: 222.00
  • Association Fee Includes: Heat, Hot Water, Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Refuse Removal, Reserve Funds
  • Condo Association: Yes
  • Management: Owner Association

Association/Amenities

  • Condominium Name: Ocean Breeze Condominum

Schools

  • Elementary School: Gl Public
  • Middle School: O'Maley
  • High School: GHS

Lot Info

  • Assessments: 114400.00
  • Lot: 1
  • Page: 381
  • Parcel Number: M:0167 B:0017 L:0001
  • Zoning: R-20
  • Master Book: 24618
  • Master Page: 142

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Storm Doors

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 1452.00
  • Assessor Parcel Number: 4638623

Multi Family

  • No Units: 11
  • No Units Owner Occ: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2019
Closed on
Jun 12, 2019
Sold by
Kunis Norma J and Kunis Paul E
Bought by
Filias-Burroughs Kathryn
Seller's Agent
Mark Vadala
Vadala Real Estate
Buyer's Agent
Lauren Mears
J. Barrett & Company
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%
Current Estimated Value
$282,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,803
Avg. Annual Appreciation
8.06%
Original Mortgage
$50,000
Outstanding Balance
$44,235
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$245,932

Purchase Details

Closed on
May 25, 2016
Sold by
Brennan Patrick J and Brennan Elizabeth A
Bought by
Kunis Paul E and Kunis Norma J

Purchase Details

Closed on
Jun 26, 2009
Sold by
Seibold Robert J
Bought by
Brennan Patrick J

Purchase Details

Closed on
Mar 17, 2006
Sold by
J&G Rt and Hayes George E
Bought by
Seibold Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Filias-Burroughs Kathryn $180,000 --
Kunis Paul E $155,000 --
Brennan Patrick J $85,000 --
Seibold Robert J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Filias-Burroughs Kathryn $50,000
Previous Owner Kunis Paul E $124,000
Previous Owner Seibold Robert J $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2019 06/25/19 Sold $180,000 -5.2% $490 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $189,900 -- $517 / 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 $2,106 $216,400 $0 $216,400
2024 $2,106 $216,400 $0 $216,400
2023 $2,040 $192,600 $0 $192,600
2022 $2,047 $174,500 $0 $174,500
2021 $2,041 $164,100 $0 $164,100
2020 $1,677 $136,000 $0 $136,000
2019 $1,452 $114,400 $0 $114,400
2018 $1,371 $106,000 $0 $106,000
2017 $1,148 $87,000 $0 $87,000
2016 $1,040 $76,400 $0 $76,400
2015 $1,021 $74,800 $0 $74,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72481622

MLS Property Information Network (MLS PIN)

APN: GLOU-000167-000017-000001