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54 Lexington Avenue # 32, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia
$229,000
1
Beds
1
Baths
400
Sq Ft
$573
Price/Sq Ft
1920
Year Built
1
Parking
51
Days on Market
Closed Listed May 6, 2021 • MLS# 72826820 Copied! • Updated Jul 13, 2021

Sale Statistics

Sale Overview
Original List Price: $279,000
Final Sale Price: $229,000
Difference: $50,000 (-17.9%)
Performance Metrics
82.1%
List to Sale Ratio
Sold below asking price
51
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $698
Sale $/sq ft: $573
This property sold for $573 per square foot
Sale Summary

This property sold for 17.9% below the original asking price.

The property spent 51 days on market before selling.

Nearby Sales Comparison

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

This Property
$573/sq ft
Area Average
$479/sq ft
Difference
+19.6%

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

About this home

Walk to the beach and enjoy the ocean breezes from this quiet, sun-drenched studio. This top floor unit is tucked steps away from Magnolia Village where you'll find restaurants, Grey Beach, Surf Park and many other lovely amenities. You'll love the hardwood floors, granite kitchen countertops and year round ocean views toward Popplestone Beach. Private storage space outside the building, deeded parking space with ample on street parking and common area laundry room make this an ideal beach getaway. Come enjoy the serenity and peacefulness of Magnolia and relax outside on your covered porch. Heat and hot water are included in your condo fee so all you need to do is move in today!

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Recently Sold Nearby

Property History

Market Insights

28.2%
Price Range
52
Total Days on Market
2
Previous Sales

Property Timeline

Current Active Listing - MLS #73544618
Full transaction history available when tracking began
🏡
Currently Listed
Jul 4, 2026
$319,000
MLS #73544618 - Active
Previous Transaction - MLS #73249113
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 26, 2024
$317,000
MLS #73249113
Previous Transaction - MLS #72969212
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 3, 2022
$271,000
MLS #72969212
Sold
Jul 13, 2021
$229,000
Property sold
Days on Market: 52
🏠
Listed for Sale
May 6, 2021
$229,000
Original listing
Agent: McDermott & MacCarthy Office: Gibson Sotheby's International Realty

Tax History

Year Taxes Assessment
2021 $2,263 $181,900

Financial Details

Annual Property Tax
$2,263
Tax Year 2021
HOA Fee
$249
Monthly
Assessed Value
$181,900

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 400 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 2

Interior

Heating Baseboard, Oil
Cooling None
Flooring Hardwood
Appliances Range, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Frame
Architecture Shingle, Other (see Remarks)
Roof Shingle
Features Covered Patio/deck, Storage
Pool None
Spa None
Fencing None
Patio/Porch Covered
Features Deeded
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range, For Electric Oven
Annual Tax $2,263
Assessed Value $181,900

HOA & Community

HOA Fee $249 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
Amenities Hot Water
Optional Fee Includes None
Owner-Occupied Units 9
Pets Yes w/ Restrictions
Seller Disclosures Pets Allowed With Restrictions. Dogs And Cats Only, No Other Pets Allowed. 1 Deeded Parking Space. Rentals Are Allowed With A 3 Month Minimum. Previous Rental Income Was $1450 /mo. Management Company Is For Outdoor Maintenance Only, Otherwise Self Managed Building.
Possession None
Accepted Financing Contract
Structure Type ["Garden"]
Unit/Building 32
Sq Ft Source Public Record
Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements, Certificate Of Insurance (6)
County Essex
Total market time (incl. prior listings) 52 days

Property Overview

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

Room Details

First Floor

Bathroom1
Bathroom - Full
Kitchen
Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid
Master Bedroom
Closet, Flooring - Hardwood, Balcony / Deck, Cable Hookup

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bedroom2
Living Room
Bathroom3
Office
Family Room
Master Bathroom

Interior Features

Flooring: Hardwood
Appliances: Range, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Common Area, In Building
Security:

Construction & Materials

Style: Shingle, Other (See Remarks)
Year Built: 1920
Effective Year (Renovated): 2005
Structure Type: Garden
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: Covered Patio/Deck, Storage
Patio & Porch: Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Deeded
School District
Gloucester School District local
C-
🎓 Where Graduates Go Class of 2021
42% attend college
31% 4-Year 11% 2-Year 17% Out of State 14% Working
School Safety 2024-25
1.9% Average
1.9% Suspensions 0.5% In-School
3.6% below state avg
E

Elementary Schools

6 schools
Faith Christian School
4.4 mi
Grades PK-08
C-
West Parish School
3.1 mi | #683 of 824 | Score: 36.5
Dropped 245 spots from last year
-21.7 below state avg
382 students Less Diverse
Grades K-05
C
East Veterans Elementary School
4.5 mi | #651 of 824 | Score: 38.2
Dropped 58 spots from last year
-20 below state avg
451 students Diverse
Grades K-05
Gloucester PreSchool
4.7 mi
101 students Moderate
Grades PK
C-
Beeman Memorial School
4.8 mi | #701 of 824 | Score: 35.6
Dropped 172 spots from last year
-22.6 below state avg
292 students Diverse
Grades K-05
B+
Plum Cove School
7.4 mi | #322 of 824 | Score: 50.1
Improved 68 spots from last year
-8.1 below state avg
217 students Less Diverse
Rising School
Grades K-05
M

Middle Schools

1 school
C+
Ralph B O'Maley Middle School
4.4 mi | #238 of 352 | Score: 37.3
Improved 24 spots from last year
-20.9 below state avg
619 students Moderate
Rising School
Grades 06-08
H

High Schools

1 school
C+
Gloucester High School
3.3 mi | #212 of 346 | Score: 50.4
Improved 27 spots from last year
-7.8 below state avg
776 students Moderate
17 sports • 1,070 athletes
Rising School Career Tech Programs Strong Athletics
Grades 09-12
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Location

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Neighborhood

Magnolia

54 Lexington Avenue # 32, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Office Gibson Sotheby's International Realty
Office Phone 978-526-0243
Agent MLS ID TM317476
Office MLS ID AN6133
Listing Data Updated Jul 13, 2021 11:41 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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