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.
Sold for $350,000
$350,000
2 Ocean Ave APT 2J, Gloucester, MA 01930
1beds
765sqft
Condominium
Built in 2003
-- sqft lot
$354,800 Zestimate®
$458/sqft
$2,332 Estimated rent
Home value
$354,800
$323,000 - $390,000
$2,332/mo
Zestimate® history
Owner options
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$2,332/mo
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$2,332/mo
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$2,502/mo
Est. payment
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$2,502/mo
Est. payment
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List your homeWhat's special
Private deckCharming seaside villageBreathtaking cape ann vistas
Zillow last checked:
Listing updated:
Listed by:
The Murray Brown Group 508-284-5098,
RE/MAX Beacon 978-219-0011
Bought with:
Deborah Higgins
Keller Williams Realty
Source: MLS PIN,MLS#: 73318935
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Wall Unit(s)
Features
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 765
- Total interior livable area: 765 sqft
- Finished area above ground: 765
Property
Parking
- Total spaces: 1
- Parking features: Off Street
- Uncovered spaces: 1
Features
- Entry location: Unit Placement(Upper)
Details
- Parcel number: M:0169 B:0003 L:0002(J),1901978
- Zoning: VB
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer, Private Sewer
- Water: Public
Community & HOA
HOA
- Amenities included: Laundry
- Services included: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
- HOA fee: $312 monthly
Location
- Region: Gloucester
Financial & listing details
- Price per square foot: $458/sqft
- Tax assessed value: $245,600
- Annual tax amount: $2,390
- Date on market: 12/1/2025
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2025 | Sold | $350,000$458/sqft |
Source: MLS PIN #73318935 Report a problem | ||
| 1/21/2025 | Contingent | $350,000$458/sqft |
Source: MLS PIN #73318935 Report a problem | ||
| 12/10/2024 | Listed for sale | $350,000+55.9%$458/sqft |
Source: MLS PIN #73318935 Report a problem | ||
| 8/8/2017 | Listing removed | $224,500$293/sqft |
Source: J. Barrett & Company #72189538 Report a problem | ||
| 6/26/2017 | Listed for sale | $224,500+40.8%$293/sqft |
Source: J. Barrett & Company #72189538 Report a problem | ||
| 10/28/2011 | Sold | $159,500-3.3%$208/sqft |
Source: Public Record Report a problem | ||
| 3/17/2004 | Sold | $164,900+83.2%$216/sqft |
Source: Public Record Report a problem | ||
| 8/18/1989 | Sold | $90,000$118/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,390 | $245,600 |
| 2024 | $2,390 +4.3% | $245,600 +13.5% |
| 2023 | $2,292 | $216,400 |
| 2022 | $2,292 -2.2% | $216,400 +14.9% |
| 2021 | $2,344 +0.9% | $188,400 |
| 2020 | $2,323 +0.2% | $188,400 +3.1% |
| 2019 | $2,318 +6% | $182,700 +8% |
| 2018 | $2,186 +14% | $169,100 +16.3% |
| 2017 | $1,918 +3.2% | $145,400 +6.5% |
| 2016 | $1,858 +4% | $136,500 +4.3% |
| 2015 | $1,787 +4% | $130,900 -1.1% |
| 2014 | $1,719 +2.1% | $132,400 -0.7% |
| 2013 | $1,684 +4.9% | $133,400 +1.2% |
| 2012 | $1,605 -1.2% | $131,800 -8.3% |
| 2011 | $1,625 -12.6% | $143,700 -18.9% |
| 2010 | $1,859 +1.5% | $177,200 -7.1% |
| 2009 | $1,831 +12.1% | $190,700 +6.2% |
| 2008 | $1,633 -11.9% | $179,500 -16.6% |
| 2007 | $1,853 | $215,200 |
Find assessor info on the county website
Neighborhood: 01930
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10West Parish Elementary SchoolGrades: K-5Distance: 3 mi
- 5/10Ralph B O'Maley Innovation Middle SchoolGrades: 6-8Distance: 4.2 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 3.1 mi
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Estimated market value
$354,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$354,800
- Massachusetts
- Essex County
- Gloucester
- 01930
- 2 Ocean Ave Apartment 2J
