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54 Lexington Avenue # 32, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia
$229,000
Est. $1,796/month
1
Beds
1
Baths
400
Sq Ft
$573
Price/Sq Ft
1920
Year Built
51
Days on Market
Closed Listed May 6, 2021 • MLS# 72826820 Copied!

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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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

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
$440/sq ft
Difference
+30.4%

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
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

Parking

Features Deeded
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,263
Assessed Value $181,900

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

Location

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Neighborhood

Magnolia

54 Lexington Avenue # 32, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Nearby Schools

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
Learn about these ratings

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 $189
Homeowners Insurance $200
HOA Fee $249/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

27.8%
Price Range
52
Total Days on Market
2
Previous Sales

Property Timeline

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

Price & Status History

Date Event Price Change
Jul 26, 2024 Sold $317,000
Jun 3, 2022 Sold $271,000
May 6, 2021 New Listing Added $229,000

Market Statistics

Days on Market
51 days
Price per Sq Ft
$573

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

Listing Information

Listing Agent McDermott & MacCarthy
Listing Office Gibson Sotheby's International Realty
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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Market Analytics for Gloucester, MA

Real-time market trends and pricing data for this area

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