2 Ocean Ave, Unit 1A

870 Sq. Ft.
$431 / Sq. Ft.
870
Sq. Ft.
$431
per Sq. Ft.

Description

Rare ground level two bedroom unit in Ocean Terrace, a wonderful 42 unit low rise complex in the heart of Magnolia! There is plenty of light in this single level corner unit which boasts a living room opening to a patio, two large bedrooms and a kitchen with breakfast bar. There is one deeded parking spot plus a common laundry room right down the hall. This lovely unit is right in the midst of the wonderful village of Magnolia and is close to the beach, shops and dining. Showings to begin on Saturday...Rare ground level two bedroom unit in Ocean Terrace, a wonderful 42 unit low rise complex in the heart of Magnolia! There is plenty of light in this single level corner unit which boasts a living room opening to a patio, two large bedrooms and a kitchen with breakfast bar. There is one deeded parking spot plus a common laundry room right down the hall. This lovely unit is right in the midst of the wonderful village of Magnolia and is close to the beach, shops and dining. Showings to begin on Saturday 10/23 at the open house between 11-1:00. After that, showings will be scheduled by appointment. Offers, if any, to be presented Monday, 10/25 at 5:00. Please allow 24 hours response time.
  1. Listed by Emily McPherson • J. Barrett & Company

Property Details for 2 Ocean Avenue, Unit 1A

Town
Gloucester
MLS Area
Magnolia
Area
MA-Gloucester-Magnolia, MA-Gloucester
Style
Garden, Low-Rise
Garage Spaces
0
Parking Spaces
1.00
Parking Spaces Total
1
Unit Placement
Ground, Walkout, Corner
LISTING UPDATED: 08/08/2022 07:22 PM

Property Details for 2 Ocean Avenue, Unit 1A

StatusSold
MLS #72910824
Days on Market21
Taxes$3,122 / year
HOA Fees$349 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2003
CountyEssex County

Location

Listing Courtesy of J. Barrett & Company, Emily McPherson

Sold By J. Barrett & Company, Kate Richard

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Building Information for 2 Ocean Avenue, Unit 1A

Building/ComplexOcean Terrace CondominiumFloor1Stories1Residences42Pet PolicyAllowedPet Policy DetailsPets Not AllowedYear Built2003

Payment Calculator

$2,437 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,828

Property Taxes

$260

HOA Dues

$349

The Payment Calculator is for illustrative purposes only.

Property Information for 2 Ocean Avenue, Unit 1A

General Details
Property Details
  • Association Amenities: Laundry
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station
  • Current Financing: Cash
  • Living Area: 870.0
  • Total Units: 42
  • Type of Condo: Condo
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: West Parish
  • High School: Gloucester Hs
  • Middle School: O'maley
Features
Interior Features
  • Appliances: Range, Dishwasher, Refrigerator, Electric Water Heater, Tankless Water Heater, Utility Connections for Electric Range
  • Basement Features: N
  • Common Walls: Corner
  • 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: Wood, Tile
  • Laundry Features: Common Area, In Building
  • Main Level Bedrooms: 2
  • Primary Bath: No
Exterior Features
  • Construction: Frame
  • Entry Location: Ground,Walkout
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Roof Material: Shingle
  • Structure Type: Garden, Low-Rise
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Private, Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Deeded, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Deeded, Paved Driveway
  • Parking Features: Off-Street, Deeded, Paved Driveway
Utilities
  • Cooling: Wall AC
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Electric Baseboard, Electric
  • Heating: Yes
  • Sewer: Private Sewerage
  • Utility Connections: for Electric Range
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Area: 177.909722
  • Room Primary Bedroom Features: Flooring - Hardwood,Lighting - Overhead,Closet - Double
  • Room Primary Bedroom Length: 15.583333
  • Primary Bedroom Level: Main
  • Room Primary Bedroom Width: 11.416666
Bedroom 2
  • Bedroom2 Area: 111.666666
  • Bedroom2 Features: Flooring - Hardwood,Lighting - Overhead,Closet - Double
  • Bedroom2 Length: 10.0
  • Bedroom2 Level: Main
  • Bedroom2 Width: 11.166666
Bathroom 1
  • Bathroom1 Area: 37.284722
  • Bathroom1 Features: Bathroom - With Tub & Shower,Flooring - Stone/Ceramic Tile,Countertops - Stone/Granite/Solid
  • Bathroom1 Length: 4.916666
  • Bathroom1 Level: First
  • Bathroom1 Width: 7.583333
Kitchen
  • Kitchen Area: 91.333333
  • Kitchen Features: Flooring - Stone/Ceramic Tile,Breakfast Bar / Nook
  • Kitchen Length: 8.0
  • Kitchen Level: Main
  • Kitchen Width: 11.416666
Living Room
  • Room Living Room Area: 227.5
  • Room Living Room Features: Flooring - Hardwood,Deck - Exterior,Open Floorplan,Recessed Lighting,Slider
  • Room Living Room Length: 13.0
  • Room Living Room Level: Main
  • Room Living Room Width: 17.5
Property Information
Property Info
  • Year Round: Yes
  • Documents Available: Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Floor Plans, Association Financial Statements
  • Documents Count: 6
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Sellers have never lived in the property. All information is provided to the best of their ability and should be verified by buyers and buyer's agent.
Tax Information
  • Tax ID: 1901976
  • Assessments: $251,000
  • Block: 3
  • Book: 29928
  • Lot: 1(A)
  • Map: 169
  • Tax Year: 2021
  • Zoning: VB
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 1
Other Building Characteristics
  • Accessibility Features: Accessible Entrance
  • Cooling Zones: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
  • Complex Name: Ocean Terrace Condominium
  • Complex Complete: Yes
  • Management: Professional - Off Site
  • Units Owner Occupied: 27
  • Owner Occupied Source: Mgt Co
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 1A
  • Unit Floor Level Integer: 1.0
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 1.0

Property History for 2 Ocean Avenue, Unit 1A

DateEvent & SourcePriceAppreciation
Nov 5, 2021

Sold

MLS PIN #72910824

$375,000—
Nov 3, 2021

Sold (Public Record)

Public Record #1476354062

$375,000

+221.0% / yr

Oct 26, 2021

Under Agreement

MLS PIN #72910824

—
Oct 26, 2021

Contingent

MLS PIN #72910824

—
Oct 20, 2021

Listed (Active)

MLS PIN #72910824

$309,900—
Nov 2, 2010

Sold (Public Record)

Public Record #326425692

$1

-97.7% / yr

Jul 27, 2007

Sold (Public Record)

Public Record #224130433

$235,000

-0.3% / yr

Jul 27, 2007

Sold

MLS PIN #70584649

$235,000—
Jun 6, 2007

Under Agreement

MLS PIN #70584649

—
Jun 6, 2007

Contingent

MLS PIN #70584649

—
May 24, 2007

Listed (Active)

MLS PIN #70584649

$235,000—
Nov 2, 2004

Sold (Public Record)

Public Record #153790671

$237,000

+9.8% / yr

Nov 1, 2004

Sold

MLS PIN #70086167

$237,000—
Sep 18, 2004

Contingent

MLS PIN #70086167

—
Sep 7, 2004

Listed (Active)

MLS PIN #70086167

$244,900—
Aug 31, 2004

Expired

MLS PIN #70012789

$244,900—
Mar 30, 2004

Listed (Active)

MLS PIN #70012789

$265,000—
Jul 31, 1992

Sold (Public Record)

Public Record #87005716

$75,000—
DateEvent & SourcePrice
11/05/2021

Sold

MLS PIN #72910824

$375,000
11/03/2021

Sold (Public Record)

Public Record #1476354062

$375,000

+221.0% / yr

10/26/2021

Under Agreement

MLS PIN #72910824

—
10/26/2021

Contingent

MLS PIN #72910824

—
10/20/2021

Listed (Active)

MLS PIN #72910824

$309,900
11/02/2010

Sold (Public Record)

Public Record #326425692

$1

-97.7% / yr

07/27/2007

Sold (Public Record)

Public Record #224130433

$235,000

-0.3% / yr

07/27/2007

Sold

MLS PIN #70584649

$235,000
06/06/2007

Under Agreement

MLS PIN #70584649

—
06/06/2007

Contingent

MLS PIN #70584649

—
05/24/2007

Listed (Active)

MLS PIN #70584649

$235,000
11/02/2004

Sold (Public Record)

Public Record #153790671

$237,000

+9.8% / yr

11/01/2004

Sold

MLS PIN #70086167

$237,000
09/18/2004

Contingent

MLS PIN #70086167

—
09/07/2004

Listed (Active)

MLS PIN #70086167

$244,900
08/31/2004

Expired

MLS PIN #70012789

$244,900
03/30/2004

Listed (Active)

MLS PIN #70012789

$265,000
07/31/1992

Sold (Public Record)

Public Record #87005716

$75,000

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

Public Records for 2 Ocean Avenue, Unit 1A

Taxable ValueLand-Additions$358,000Total-
Tax Record2025$3,480 ($290 / month)
Home Facts
Beds2Baths1Total Finished SqFt870 SqFtAbove Grade Finished SqFt870 SqFtStories1StyleCondominiumYear Built2003ZoningVBCountyESSEXAPNGLOU M:0169 B:0003 L:0001(A)

Schools near 2 Ocean Avenue, Unit 1A

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 J. Barrett & Company, Emily McPherson

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.