2 Ocean Ave, Unit 2K

765 Sq. Ft.
$431 / Sq. Ft.
765
Sq. Ft.
$431
per Sq. Ft.

Description

Coastal living just one block from the beach! This beautifully updated 1-bedroom condo offers 765 sq ft of comfortable, low-maintenance living in an unbeatable location in Magnolia village. Freshly painted throughout, the unit features brand-new waterproof luxury vinyl flooring and a bright, open layout connecting the living, dining, and kitchen areas. The spacious bedroom includes generous closet space, and the private balcony is perfect for morning coffee or enjoying the ocean breeze. With multiple...Coastal living just one block from the beach! This beautifully updated 1-bedroom condo offers 765 sq ft of comfortable, low-maintenance living in an unbeatable location in Magnolia village. Freshly painted throughout, the unit features brand-new waterproof luxury vinyl flooring and a bright, open layout connecting the living, dining, and kitchen areas. The spacious bedroom includes generous closet space, and the private balcony is perfect for morning coffee or enjoying the ocean breeze. With multiple recent sales in the building, demand here is proven — ideal for first-time buyers, downsizers, investors, or anyone seeking a beachside retreat. Move in and start enjoying the coastal lifestyle.
  1. Listed by David Picardy • Real Broker MA, LLC

Property Details for 2 Ocean Avenue, Unit 2K

Town
Gloucester
MLS Area
Magnolia
Area
MA-Gloucester-Magnolia, MA-Gloucester
Style
Garden
Garage Spaces
0
Open Parking Spaces
1.00
Parking Spaces Total
1
LISTING UPDATED: 04/12/2026 08:05 AM

Property Details for 2 Ocean Avenue, Unit 2K

StatusSold
MLS #73478156
Days on Market44
Taxes$2,549 / year
HOA Fees$327 / month
Property TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2003
CountyEssex County

Location

Listing Courtesy of Real Broker MA, LLC, David Picardy

Sold By Longwood Residential, LLC, Reynolds Group

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Building Information for 2 Ocean Avenue, Unit 2K

Building/ComplexOcean Terrace CondominiumFloor2Stories1Residences42Pet PolicyNot AllowedPet Policy DetailsPets Not AllowedYear Built2003

Payment Calculator

$2,184 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,644

Property Taxes

$212

HOA Dues

$327

The Payment Calculator is for illustrative purposes only.

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Property Information for 2 Ocean Avenue, Unit 2K

General Details
Property Details
  • Association Amenities: Laundry
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station
  • Current Financing: Cash
  • Living Area: 765.0
  • SqFt with Basement: No
  • Total Units: 42
  • Type of Condo: Condo
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, 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
  • 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
  • Structure Type: Garden
  • 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: Off-Street, Assigned, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Assigned, Paved Driveway
  • Parking Features: Off-Street, Assigned, Paved Driveway
Utilities
  • Cooling: Wall AC
  • Cooling: Yes
  • Heating: Electric
  • Heating: Yes
  • Sewer: Private Sewerage
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Features: Closet
  • Primary Bedroom Level: First Floor
Bathroom 1
  • Bathroom1 Level: First
Kitchen
  • Kitchen Features: Flooring - Vinyl
  • Kitchen Level: First
Living Room
  • Room Living Room Features: Flooring - Vinyl,Balcony - Exterior
  • Room Living Room Level: First
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: M:0169 B:0003 L:0002(K),1901952
  • Assessments: $262,200
  • Book: 36900
  • Tax Year: 2025
  • 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: Ocean Terrace Condominium
  • Association Security: Intercom
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 2K
  • Unit Floor Level Integer: 2.0

Property History for 2 Ocean Avenue, Unit 2K

DateEvent & SourcePriceAppreciation
Apr 9, 2026

Sold

MLS PIN #73478156

$330,000
Apr 8, 2026

Sold (Public Record)

Public Record #1936257784

$330,000
Mar 22, 2026

Under Agreement

MLS PIN #73478156

DateEvent & SourcePrice
04/09/2026

Sold

MLS PIN #73478156

$330,000
04/08/2026

Sold (Public Record)

Public Record #1936257784

$330,000
03/22/2026

Under Agreement

MLS PIN #73478156

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

Public Records for 2 Ocean Avenue, Unit 2K

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:0002(K)

Schools near 2 Ocean Avenue, Unit 2K

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, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Real Broker MA, LLC, David Picardy

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.