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54 Lexington Ave # 32, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia
$271,000
1
Beds
1
Baths
400
Sq Ft
$678
Price/Sq Ft
1920
Year Built
1
Parking
19
Days on Market
Closed Listed Apr 20, 2022 • MLS# 72969212 Copied! • Updated Jun 7, 2022

Sale Statistics

Sale Overview
Original List Price: $234,000
Final Sale Price: $271,000
Difference: +$37,000 (+15.8%)
Performance Metrics
115.8%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $585
Sale $/sq ft: $678
This property sold for $678 per square foot
Sale Summary

This property sold for 15.8% above the original asking price, indicating strong buyer demand.

With only 19 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
$678/sq ft
Area Average
$479/sq ft
Difference
+41.5%

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

About this home

Welcome to The Ocean Breeze Condominiums located in the heart of the desirable beach community of Magnolia. "Ocean Haven Lookout" is the perfect way to describe this hidden gem. Located on the top floor, this studio offers year-round ocean views of Popplestone beach from the privacy of your enclosed porch, which you can access from your bedroom. Original 1920’s hardwood floors, granite countertops, and Anderson “casement” windows bathing you in sunlight, full bath with art-deco black and white tile, additional private storage shed, laundry on-site, and one deeded-parking spot are just a few of the studio’s highlights. With just a short walk to the ocean, Shore Road, Gray Beach, Magnolia Pier, Surf Park (Magnolia Park), Magnolia Villiage restaurants, the library and the Sunday Farmers Market, there’s no shortage of local amenities! Come enjoy the simple life by the sea! Heat & hot water included in condo fee. Option to purchase furnished. Offers due Tuesday at 3pm.

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Recently Sold Nearby

Property History

Market Insights

28.2%
Price Range
21
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
Sold
Jun 3, 2022
$271,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Apr 20, 2022
$234,000
Original listing
Agent: Rebecca Lloyd Office: REAL Broker MA LLC
Previous Transaction - MLS #72826820
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 13, 2021
$229,000
MLS #72826820

Tax History

Year Taxes Assessment
2022 $2,269 $193,400

Financial Details

Annual Property Tax
$2,269
Tax Year 2022
HOA Fee
$249
Monthly
Assessed Value
$193,400

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 Tile, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Frame
Architecture Shingle
Roof Shingle
Features Porch, Covered Patio/deck, Storage, Professional Landscaping, Sprinkler System
Pool None
Spa None
Fencing None
Patio/Porch Porch, Covered
Features Deeded
Total Spaces 1
Electric None
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range, For Electric Oven
Annual Tax $2,269
Assessed Value $193,400

HOA & Community

HOA Fee $249 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Hot Water, Laundry, Storage
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 Off Street. Rentals Are Allowed With A 3 Month Minimum. New Roof Installed March 2022.
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 32
Sq Ft Source Public Record
Documents Master Deed, Rules & Regs, Floor Plans (3)
County Essex
Total market time (incl. prior listings) 21 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, Recessed Lighting
Master Bedroom
Closet, Flooring - Hardwood, Balcony / Deck, Cable Hookup, Recessed Lighting

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bedroom2
Living Room
Bathroom3
Office
Family Room
Master Bathroom
No

Interior Features

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

Construction & Materials

Style: Shingle
Year Built: 1920
Effective Year (Renovated): 2005
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, Sprinkler System
Patio & Porch: Porch, Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Deeded

Nearby Schools

School information not available for this location.

Location

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Neighborhood

Magnolia

54 Lexington Ave # 32, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Agent MLS ID CN239734
Office MLS ID AN6878
Listing Data Updated Jun 7, 2022 1:52 PM 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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