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54 Lexington Ave # 32, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia
$271,000
Est. $2,008/month
1
Beds
1
Baths
400
Sq Ft
$678
Price/Sq Ft
1920
Year Built
19
Days on Market
Closed Listed Apr 20, 2022 • MLS# 72969212 Copied!

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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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: $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
$440/sq ft
Difference
+54.3%

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 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

Parking

Features Deeded
Total Spaces 1

Utilities

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

Financial

Annual Tax $2,269
Assessed Value $193,400

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

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 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
21
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
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

Price & Status History

Date Event Price Change
Jul 26, 2024 Sold $317,000
Apr 20, 2022 New Listing Added $234,000
Jul 13, 2021 Sold $229,000

Market Statistics

Days on Market
19 days
Price per Sq Ft
$678

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

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.

Comparable Properties

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Market Analytics for Gloucester, MA

Real-time market trends and pricing data for this area

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