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54 Lexington Ave # 32, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia
$317,000
Est. $2,270/month
1
Baths
400
Sq Ft
$793
Price/Sq Ft
0.23
Acres
1920
Year Built
16
Days on Market
Closed Listed Jun 7, 2024 • MLS# 73249113 Copied!

About this home

"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.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Full Bathrooms
1
Living Area
400 sq ft
Total Rooms
2
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $319,000
Final Sale Price: $317,000
Difference: $2,000 (-0.6%)
Performance Metrics
99.4%
List to Sale Ratio
Sold below asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $798
Sale $/sq ft: $793
This property sold for $793 per square foot
Sale Summary

This property sold for 0.6% below the original asking price.

With only 16 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
$793/sq ft
Area Average
$461/sq ft
Difference
+72.1%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 400 sq ft
Lot Size 0.23 acres
Full Baths 1
Total Rooms 2

Interior

Heating Baseboard, Oil
Cooling None
Flooring Wood, Tile
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Porch, Covered Patio/deck, Storage, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch Porch, Covered

Parking

Features Off Street, Assigned
Total Spaces 1

Utilities

Electric Circuit Breakers, 60 Amps/less
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $2,335
Assessed Value $240,000

Interior Features

Flooring: Wood, Tile
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: In Building
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2006
Structure Type: Mid-Rise
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Covered Patio/Deck, Storage, Professional Landscaping
Patio & Porch: Porch, Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned

Location

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Neighborhood

Magnolia

54 Lexington Ave # 32, Gloucester MA 01930

Gloucester, MA 01930

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 $195
Homeowners Insurance $200
HOA Fee $272/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

0.6%
Price Range
18
Total Days on Market

Property Timeline

Sold
Jul 26, 2024
$317,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Jun 7, 2024
$319,000
Original listing
Agent: Jeffrey Lyon Office: W. H. Lyon, Inc. REALTORS®

Price & Status History

Date Event Price Change
Jun 7, 2024 New Listing Added $319,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$793

Tax History

Year Taxes Assessment
2024 $2,335 $240,000

Financial Details

Annual Property Tax
$2,335
Tax Year 2024
HOA Fee
$272
Monthly
Assessed Value
$240,000

Listing Information

Agent MLS ID BB981815
Office MLS ID BB9897
Listing Data Updated Jul 29, 2024 9:30 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 Gloucester, MA

Real-time market trends and pricing data for this area

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