54 Lexington Ave Unit 32 Gloucester, MA 01930
Magnolia Neighborhood
--
Bed
1
Bath
400
Sq Ft
$272/mo
HOA Fee
Highlights
- Ocean View
- Landscaped Professionally
- Wood Flooring
- No Units Above
- Property is near public transit
- 5-minute walk to Gray Beach
About This Home
As of July 2024"ATELIER MAGNOLIA" Perched on the top floor, Circa 1920's, originally a portion of the Grande Dame Oceanside Hotel, in the picturesque village of Magnolia. You will be entranced by a feeling of calm and nature when you step into this rare and unique setting. Walkout onto your covered deck to take in the view of the sea crashing on the rocks and smell the salt air. Consider this enchanting studio for your "nest", or a place to offer house guests when a few too many have arrived. They won't be disappointed. A short stroll to the Magnolia Pier, Gray beach, restaurants, and library, and to the bold ocean and Shore Road for your afternoon walk. Renovated with fresh paint, bathroom upgrades and fabric accordion blinds for sunny days. Heat and hot water included in the condo fee. Ground level private storage shed and laundry on-site.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,335
Year Built
- Built in 1920
Lot Details
- Near Conservation Area
- No Units Above
- Landscaped Professionally
HOA Fees
- $272 Monthly HOA Fees
Home Design
- Frame Construction
- Shingle Roof
Interior Spaces
- 400 Sq Ft Home
- 1-Story Property
- Recessed Lighting
- Ocean Views
Kitchen
- Range<<rangeHoodToken>>
- Solid Surface Countertops
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Full Bathroom
- <<tubWithShowerToken>>
Parking
- 1 Car Parking Space
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Walking Distance to Water
- Balcony
- Covered Deck
- Covered patio or porch
- Outdoor Storage
Location
- Property is near public transit
- Property is near schools
Schools
- West Parish Elementary School
- O'maley Middle School
- GHS High School
Utilities
- No Cooling
- 1 Heating Zone
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- 60 Amp Service
- Private Sewer
Listing and Financial Details
- Assessor Parcel Number M:0167 B:0017 L:0032,4569340
Community Details
Overview
- Association fees include heat, water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
- 11 Units
- Mid-Rise Condominium
- Ocean Breeze Condominium Community
Amenities
- Shops
- Laundry Facilities
- Community Storage Space
Recreation
- Park
- Jogging Path
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 24, 2021
Sold by
Teasdale Joanne
Bought by
Joanne G Teasdale Ft and Teasdale
Purchase Details
Listed on
May 6, 2021
Closed on
Jul 1, 2021
Sold by
Cantlin Victoria E
Bought by
Teasdale Joanne
Seller's Agent
McDermott & MacCarthy
Gibson Sotheby's International Realty
Buyer's Agent
Coastal Life Realty Team
Real Broker MA, LLC
List Price
$279,000
Sold Price
$229,000
Premium/Discount to List
-$50,000
-17.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Purchase Details
Closed on
Sep 8, 2015
Sold by
Mary M Ellison T M and Mary Cantlin
Bought by
Ditucci Mary and Cantlin Victoria E
Purchase Details
Listed on
Aug 30, 2013
Closed on
Oct 24, 2013
Sold by
Us Bank Na
Bought by
Mary M Ellison T
Seller's Agent
John Jannino
Executive Real Estate
Buyer's Agent
John Jannino
Executive Real Estate
List Price
$139,900
Sold Price
$110,500
Premium/Discount to List
-$29,400
-21.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.26%
Purchase Details
Closed on
Jun 24, 2013
Sold by
Proctor William A
Bought by
Us Bank Na
Purchase Details
Closed on
Nov 1, 2005
Sold by
J&G Rt and Hayes George E
Bought by
Proctor William A and Proctor Ellen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,600
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Gloucester, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Condominium Deed | $229,000 | None Available | |
| Condominium Deed | $229,000 | None Available | |
| Deed | -- | -- | |
| Not Resolvable | $62,500 | -- | |
| Deed | -- | -- | |
| Not Resolvable | $110,500 | -- | |
| Foreclosure Deed | $81,600 | -- | |
| Foreclosure Deed | $81,600 | -- | |
| Deed | $174,500 | -- | |
| Deed | $174,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $237,750 | Purchase Money Mortgage | |
| Closed | $237,750 | Purchase Money Mortgage | |
| Previous Owner | $139,600 | Purchase Money Mortgage | |
| Previous Owner | $34,900 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Price Changed | $329,000 | -2.9% | $823 / Sq Ft |
| 06/24/2025 06/24/25 | Price Changed | $339,000 | -3.0% | $848 / Sq Ft |
| 06/19/2025 06/19/25 | Price Changed | $349,500 | -2.1% | $874 / Sq Ft |
| 06/10/2025 06/10/25 | Price Changed | $357,000 | -2.7% | $893 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $367,000 | -2.1% | $918 / Sq Ft |
| 05/07/2025 05/07/25 | For Sale | $375,000 | +18.3% | $938 / Sq Ft |
| 07/26/2024 07/26/24 | Sold | $317,000 | -0.6% | $793 / Sq Ft |
| 06/11/2024 06/11/24 | Pending | -- | -- | -- |
| 06/07/2024 06/07/24 | For Sale | $319,000 | +17.7% | $798 / Sq Ft |
| 06/03/2022 06/03/22 | Sold | $271,000 | +15.8% | $678 / Sq Ft |
| 04/26/2022 04/26/22 | Pending | -- | -- | -- |
| 04/20/2022 04/20/22 | For Sale | $234,000 | +2.2% | $585 / Sq Ft |
| 07/13/2021 07/13/21 | Sold | $229,000 | 0.0% | $573 / Sq Ft |
| 06/27/2021 06/27/21 | Pending | -- | -- | -- |
| 06/22/2021 06/22/21 | Price Changed | $229,000 | -8.0% | $573 / Sq Ft |
| 05/19/2021 05/19/21 | Price Changed | $249,000 | -10.8% | $623 / Sq Ft |
| 05/06/2021 05/06/21 | For Sale | $279,000 | +152.5% | $698 / Sq Ft |
| 10/24/2013 10/24/13 | Sold | $110,500 | 0.0% | $276 / Sq Ft |
| 10/02/2013 10/02/13 | Pending | -- | -- | -- |
| 09/30/2013 09/30/13 | Off Market | $110,500 | -- | -- |
| 09/18/2013 09/18/13 | Price Changed | $119,900 | -14.3% | $300 / Sq Ft |
| 08/30/2013 08/30/13 | For Sale | $139,900 | -- | $350 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $2,335 | $240,000 | $0 | $240,000 |
| 2024 | $2,335 | $240,000 | $0 | $240,000 |
| 2023 | $2,262 | $213,600 | $0 | $213,600 |
| 2022 | $2,269 | $193,400 | $0 | $193,400 |
| 2021 | $2,263 | $181,900 | $0 | $181,900 |
| 2020 | $2,243 | $181,900 | $0 | $181,900 |
| 2019 | $2,247 | $177,100 | $0 | $177,100 |
| 2018 | $2,121 | $164,000 | $0 | $164,000 |
| 2017 | $1,773 | $134,400 | $0 | $134,400 |
| 2016 | $1,684 | $123,700 | $0 | $123,700 |
| 2015 | $1,652 | $121,000 | $0 | $121,000 |
Source: Public Records
Agents Affiliated with this Home
-
P
Seller's Agent in 2025
Patricia Nunez
Redfin Corp.
-
Jeffrey Lyon
Seller's Agent in 2024
Jeffrey Lyon
W. H. Lyon, Inc. REALTORS®
(781) 862-2300
1 in this area
6 Total Sales
-
Heather Reardon
Buyer's Agent in 2024
Heather Reardon
Gibson Sotheby's International Realty
(781) 749-8833
1 in this area
60 Total Sales
-
Rebecca Lloyd
R
Seller's Agent in 2022
Rebecca Lloyd
Compass
(978) 837-8176
1 in this area
2 Total Sales
-
Vantage Point Team
V
Buyer's Agent in 2022
Vantage Point Team
William Raveis R.E. & Home Services
(781) 861-9600
1 in this area
77 Total Sales
-
M
Seller's Agent in 2021
McDermott & MacCarthy
Gibson Sotheby's International Realty
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73249113
APN: GLOU-000167-000017-000032
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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