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382 Ocean Ave # 705, Revere MA 02151

Revere, MA 02151 • Revere Beach
$395,000
Est. $2,897/month
1
Beds
1
Baths
704
Sq Ft
$561
Price/Sq Ft
1987
Year Built
28
Days on Market
Closed Listed Mar 26, 2024 • MLS# 73216329 Copied!

About this home

BACK ON THE MARKET! Welcome to Unit 705 of the Ocean Gate Tower on Revere Beach! This beautifully renovated, oceanfront condo underwent a full transformation in 2019, including the electrical, plumbing, kitchen, bathroom, windows, closets, and more. Starting with the view, the private balcony of this top floor unit offers a full 180 degree view of the beach and ocean. The new hurricane proof slider and windows were installed in 2021 and the roof was completed in 2022. The kitchen is complete with stainless steel appliances, custom Martha Stewart cabinets, upgraded countertops and opens up the spacious dining and living room. Wake up to another ocean view in the main bedroom that comes with a custom built-in closet and second closet for ample storage. The bathroom renovation included a new custom tile walk-in shower and new vanity. There is truly nothing left to do but move in and enjoy all that this unit and Revere Beach have to offer.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1987
Bedrooms
1
Full Bathrooms
1
Living Area
704 sq ft
Total Rooms
4
Stories
1
Entry Level
7

Sale Statistics

Sale Overview
Original List Price: $400,000
Final Sale Price: $395,000
Difference: $5,000 (-1.3%)
Performance Metrics
98.8%
List to Sale Ratio
Sold below asking price
28
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $568
Sale $/sq ft: $561
This property sold for $561 per square foot
Sale Summary

This property sold for 1.3% below the original asking price.

With only 28 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$561/sq ft
Area Average
$330/sq ft
Difference
+70.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1987
Living Area 704 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile
Appliances Range, Oven, Dishwasher, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features Internet Available - Unknown, Elevator

Exterior

Construction Stone
Architecture None
Roof Rubber
Features Balcony
Pool Association, In Ground, Indoor, Heated
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Assigned, Off Street, Deeded
Total Spaces 2

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,028
Assessed Value $318,400

Interior Features

Flooring: Tile
Appliances: Range, Oven, Dishwasher, Refrigerator
Interior Features: Internet Available - Unknown, Elevator
Windows: Insulated Windows
Basement: N
Laundry: Common Area, In Building
Security: Security System

Construction & Materials

Year Built: 1987
Structure Type: High-Rise
Exterior Materials: Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Assigned, Off Street, Deeded

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Community Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Highway Access, Public School, T-Station

Location

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Neighborhood

Revere Beach

382 Ocean Ave # 705, Revere MA 02151

Revere, MA 02151

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $252
Homeowners Insurance $200
HOA Fee $447/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1.3%
Price Range
33
Total Days on Market

Property Timeline

Sold
May 31, 2024
$395,000
Property sold
Days on Market: 33
🏠
Listed for Sale
Mar 26, 2024
$400,000
Original listing
Agent: Timothy Borders Office: RE/MAX 360

Price & Status History

Date Event Price Change
Mar 26, 2024 New Listing Added $400,000

Market Statistics

Days on Market
28 days
Price per Sq Ft
$561

Tax History

Year Taxes Assessment
2023 $3,028 $318,400

Financial Details

Annual Property Tax
$3,028
Tax Year 2023
HOA Fee
$447
Monthly
Assessed Value
$318,400

Listing Information

Agent MLS ID CN222279
Office MLS ID AN4305
Listing Data Updated Jun 3, 2024 11:19 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Revere, MA

Real-time market trends and pricing data for this area

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