2 Ocean Ave, Unit 1J

$340,000
Last Sold Price
765 Sq. Ft.
$444 / Sq. Ft.
765
Sq. Ft.
$444
per Sq. Ft.

Description

Coastal Living at Its Best! Located in the beautiful Magnolia Village! This is a first-floor unit rare to find! It is perfect for downsizers, first-time home buyers, or anyone seeking a coastal getaway. This charming 1-bedroom, 1-bath condo offers a comfortable living space just moments from the ocean. Enjoy the convenience of in-building laundry, assigned parking, and a private patio for relaxing outdoors. With restaurants, shops, beaches, and public transportation nearby, plus easy access to the...Coastal Living at Its Best! Located in the beautiful Magnolia Village! This is a first-floor unit rare to find! It is perfect for downsizers, first-time home buyers, or anyone seeking a coastal getaway. This charming 1-bedroom, 1-bath condo offers a comfortable living space just moments from the ocean. Enjoy the convenience of in-building laundry, assigned parking, and a private patio for relaxing outdoors. With restaurants, shops, beaches, and public transportation nearby, plus easy access to the highway and train, this condo offers the ideal blend of tranquility and convenience.   Don’t miss your chance to own a slice of Gloucester’s seaside charm!
  1. Listed by Gabriela Debenedictis • Coldwell Banker Realty - Manchester

Property Details for 2 Ocean Avenue, Unit 1J

Town
Gloucester
Area
MA-Gloucester
Architectural Style
Other (See Remarks)
Style
Other (See Remarks)
Garage Spaces
0
Parking Spaces
1.00
Parking Spaces Total
1
LISTING UPDATED: 10/28/2025 03:01 PM

Property Details for 2 Ocean Avenue, Unit 1J

StatusSold
MLS #73425003
Days on Market47
Taxes$2,390 / year
HOA Fees$320 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2003
CountyEssex County

Location

Listing Courtesy of Coldwell Banker Realty - Manchester, Gabriela Debenedictis

Sold By J. Barrett & Company, Felicia Trupiano

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Building Information for 2 Ocean Avenue, Unit 1J

Building/ComplexThe Ocean Terrace CondominiumsFloor1Stories1Residences42Pet Policy-Pet Policy Details-Year Built2003

Payment Calculator

$2,176 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,657

Property Taxes

$199

HOA Dues

$320

The Payment Calculator is for illustrative purposes only.

Property Information for 2 Ocean Avenue, Unit 1J

General Details
Property Details
  • Association Amenities: Laundry
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, Other (See Remarks)
  • Current Financing: Cash
  • Living Area: 765.0
  • SqFt with Basement: No
  • Total Units: 42
  • Type of Condo: Condo
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Basement Features: N
  • Num of Baths: 1.0
  • Num of Full Baths: 1
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 1.00
  • Bathrooms Total Integer: 1
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Plywood, Vinyl
  • Interior Features: Intercom
  • Laundry Features: Common Area, In Building
  • Other Equipment: Intercom
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Roof Material: Shingle
  • Waterfront Features: Beach Access, Harbor, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Driveway, Exclusive Parking
  • Open Parking: Yes
  • Parking Features: Paved Driveway, Exclusive Parking
  • Parking Features: Paved Driveway, Exclusive Parking
Utilities
  • Cooling: Wall AC
  • Cooling: Yes
  • Heating: Central, Electric
  • Heating: Yes
  • Sewer: Private Sewerage
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Features: Ceiling Fan(s),Closet,Flooring - Laminate
  • Primary Bedroom Level: First Floor
Bathroom 1
  • Bathroom1 Features: Flooring - Laminate
  • Bathroom1 Level: First
Kitchen
  • Kitchen Features: Flooring - Laminate
Living Room
  • Room Living Room Features: Closet,Flooring - Laminate,Flooring - Vinyl,Balcony - Exterior,Exterior Access,Open Floorplan
  • Room Living Room Level: Main,First
Property Information
Property Info
  • Documents Available: Other (See Remarks)
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Some pictures are virtual staged. There is a security video camaras in the unit.
Tax Information
  • Listing Terms: Other (See Remarks)
  • Tax ID: M:0169 B:0003 L:0001(J),1901939
  • Assessments: $245,600
  • Book: 37384
  • Tax Year: 2024
  • Zoning: VB
Building / Association Information
Living Characteristics
  • Beds Total: 1
  • Total Living Levels: 1
Other Building Characteristics
  • Cooling Zones: 1
  • Heat Zones: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
  • Complex Name: The Ocean Terrace Condominiums
  • Complex Complete: Yes
  • Management: Professional - On Site
  • Association Security: Intercom
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 1J
  • Unit Floor Level Integer: 1.0

Property History for 2 Ocean Avenue, Unit 1J

DateEvent & SourcePriceAppreciation
Oct 28, 2025

Sold

MLS PIN #73425003

$340,000
Oct 20, 2025

Under Agreement

MLS PIN #73425003

Oct 5, 2025

Contingent

MLS PIN #73425003

Sep 3, 2025

Listed (Active)

MLS PIN #73425003

$350,000
Mar 15, 2019

Sold

MLS PIN #72430323

$190,000
Mar 7, 2019

Sold (Public Record)

Public Record #641475531

$190,000
Feb 12, 2019

Contingent

MLS PIN #72430323

Dec 6, 2018

Listed (Active)

MLS PIN #72430323

$199,000
Oct 11, 2005

Expired

MLS PIN #70171925

$222,900
Apr 12, 2005

Listed (Active)

MLS PIN #70171925

$234,900
DateEvent & SourcePrice
10/28/2025

Sold

MLS PIN #73425003

$340,000
10/20/2025

Under Agreement

MLS PIN #73425003

10/05/2025

Contingent

MLS PIN #73425003

09/03/2025

Listed (Active)

MLS PIN #73425003

$350,000
03/15/2019

Sold

MLS PIN #72430323

$190,000
03/07/2019

Sold (Public Record)

Public Record #641475531

$190,000
02/12/2019

Contingent

MLS PIN #72430323

12/06/2018

Listed (Active)

MLS PIN #72430323

$199,000
10/11/2005

Expired

MLS PIN #70171925

$222,900
04/12/2005

Listed (Active)

MLS PIN #70171925

$234,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2 Ocean Avenue, Unit 1J

Taxable ValueLand-Additions$262,200Total-
Tax Record2025$2,549 ($212 / month)
Home Facts
Beds1Baths1Total Finished SqFt765 SqFtAbove Grade Finished SqFt765 SqFtStories1StyleCondominiumYear Built2003ZoningVBCountyESSEXAPNGLOU M:0169 B:0003 L:0001(J)

Schools near 2 Ocean Avenue, Unit 1J

This home is within Gloucester School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
West Parish Elementary School
PublicK to 5

Ralph B O'Maley Innovation Middle School
Public6 to 8

Gloucester High School
Public9 to 12

East Veterans Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty - Manchester, Gabriela Debenedictis

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.