2 Ocean Ave # 2J, Gloucester MA 01930

Gloucester, MA 01930
$350,000
Est. $1,863/month
1
Beds
1
Baths
765
Sq Ft
$458
Price/Sq Ft
2003
Year Built
Condominium
Type
54
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73318935

About this home

Ocean Terrace Condominiums are nestled in the charming seaside village of Magnolia, surrounded by nearby restaurants, shops, and access to a private beach club exclusively for Magnolia residents. Experience the best of coastal living with summer block parties, fireworks, and scenic shoreline walks. This delightful 1-bedroom unit is perfect as a weekend getaway, primary residence, or investment property. Enjoy breathtaking Cape Ann vistas and convenient access to popular attractions, including Magnolia Beach, Magnolia Pier, and the Hammond Castle Museum. The sunny, open living room is ideal for dining, relaxing, and entertaining, with sliding doors leading to a private deck. Start your mornings here with a cup of coffee, accompanied by the soothing sounds of the ocean breeze.

Sale Statistics

Sale Overview
Original List Price: $350,000
Final Sale Price: $350,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
54
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $458
Sale $/sq ft: $458
This property sold for $458 per square foot
Sale Summary

This property sold exactly at the asking price.

The property spent 54 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
2003
Bedrooms
1
Full Bathrooms
1
Living Area
765 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Interior Features

Heating
Electric
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Has Fireplace
No
Basement Details
N

Exterior & Structure

Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer, Private Sewer

Community & HOA

HOA Fee
$312
HOA Fee Frequency
Monthly
Association Amenities
Laundry
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,390
Tax Year
2024
Tax Assessed Value
$245,600
Parcel Number
M:0169 B:0003 L:0002(J),1901978
Zoning
VB

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Ocean Terrace Condominium Trust
Common Walls
2+ Common Walls
Attached Property
Yes

Location

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Neighborhood

2 Ocean Ave # 2J, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $199
Homeowners Insurance $200
HOA Fee $312
PMI $0

Property History

Market Insights

56
Total Days on Market

Property Timeline

Sold
Mar 4, 2025
$350,000
Property sold
Days on Market: 56
🏠
Listed for Sale
Dec 10, 2024
$350,000
Original listing
Agent: The Murray Brown Group Office: RE/MAX Beacon

Price & Status History

Date Event Price Change
Dec 10, 2024 New Listing Added $350,000

Market Statistics

Days on Market
54 days
Price per Sq Ft
$458

Tax History

Year Taxes Assessment
2024 $2,390 $245,600

Financial Details

Annual Property Tax
$2,390
Tax Year 2024
HOA Fee
$312
Monthly
Assessed Value
$245,600

Listing Information

Listing Agent The Murray Brown Group
Listing Office RE/MAX Beacon
Agent MLS ID TM329476
Office MLS ID AN8171

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