Location, Location and Location and value. This charming top floor condo offers an incredible opportunity to own in the picturesque, seaside village of Magnolia for $319,000. A short distance to Magnolia Beach, Magnolia Pier and Coolidge Reservation, this home delivers the coastal lifestyle you've been looking for. Inside you'll find hardwood floors, a spacious kitchen with granite countertops, and an efficient inviting layout. Step outside to your expansive private deck and enjoy beautiful ocean views, the perfect place to relax or entertain. Additional amenities include in-building laundry, a deeded parking space, and heat and hot water included in the condo fee. On the site of Magnolia’s legendary Oceanside Hotel, this appealing pied-à-terre is ideal as a year-round residence, extra room for guests, quick weekend-vacation getaway, or an income producing investment property. Truly a rare opportunity for savvy buyers.
For sale
Price cut: $5K (7/4)
$319,000
54 Lexington Ave APT 32, Gloucester, MA 01930
1beds
400sqft
Condominium
Built in 1920
-- sqft lot
$320,700 Zestimate®
$798/sqft
$272/mo HOA
What's special
Hardwood floorsExpansive private deckBeautiful ocean viewsEfficient inviting layout
- 6 days |
- 881 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Nancy Peterson 508-284-0883,
J. Barrett & Company 978-922-3683,
Kimberlee Burns 508-527-5972
Source: MLS PIN,MLS#: 73544618
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Primary bathroom
- Features: No
Bathroom 1
- Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
- Level: First
- Area: 41.42
- Dimensions: 7 x 5.92
Kitchen
- Features: Flooring - Hardwood, Recessed Lighting, Lighting - Overhead
- Level: First
- Area: 47.67
- Dimensions: 6.5 x 7.33
Heating
- Baseboard, Oil
Cooling
- None
Appliances
- Included: Range, Refrigerator
- Laundry: Common Area, In Building
Features
- Dining Area, Breakfast Bar / Nook, Recessed Lighting, Lighting - Overhead, Living/Dining Rm Combo
- Flooring: Wood, Tile, Flooring - Hardwood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 400
- Total interior livable area: 400 sqft
- Finished area above ground: 400
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Assigned
- Uncovered spaces: 1
Features
- Entry location: Unit Placement(Upper)
- Patio & porch: Deck - Wood
- Exterior features: Balcony - Exterior, Deck - Wood
- Has view: Yes
- View description: Water, Ocean
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Details
- Parcel number: M:0167 B:0017 L:0032,4617244
- Zoning: R-20
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Frame
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer, Private Sewer
- Water: Public
- Utilities for property: for Electric Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Conservation Area, House of Worship, Private School, Public School, T-Station, University
HOA
- Amenities included: Hot Water, Laundry, Storage
- Services included: Heat, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
- HOA fee: $272 monthly
Location
- Region: Gloucester
Financial & listing details
- Price per square foot: $798/sqft
- Tax assessed value: $256,200
- Annual tax amount: $2,490
- Date on market: 7/4/2026
Estimated market value
$320,700
$305,000 - $337,000
$2,020/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/4/2026 | Price change | $319,000-1.5%$798/sqft |
Source: MLS PIN #73544618 Report a problem | ||
| 8/25/2025 | Listing removed | $1,800$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/8/2025 | Listed for rent | $1,800-8.9%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/29/2025 | Price change | $324,000-1.5%$810/sqft |
Source: MLS PIN #73371228 Report a problem | ||
| 7/2/2025 | Price change | $329,000-2.9%$823/sqft |
Source: MLS PIN #73371228 Report a problem | ||
| 6/24/2025 | Price change | $339,000-3%$848/sqft |
Source: MLS PIN #73371228 Report a problem | ||
| 6/19/2025 | Price change | $349,500-2.1%$874/sqft |
Source: MLS PIN #73371228 Report a problem | ||
| 6/10/2025 | Price change | $357,000-2.7%$893/sqft |
Source: MLS PIN #73371228 Report a problem | ||
| 5/22/2025 | Price change | $367,000-2.1%$918/sqft |
Source: MLS PIN #73371228 Report a problem | ||
| 5/7/2025 | Listed for sale | $375,000+18.3%$938/sqft |
Source: MLS PIN #73371228 Report a problem | ||
| 5/3/2025 | Listing removed | $1,975$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/29/2025 | Listed for rent | $1,975$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/9/2025 | Listing removed | $1,975$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/1/2025 | Price change | $1,975-12.2%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/27/2025 | Listed for rent | $2,250+18.4%$6/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/13/2024 | Listing removed | $1,900$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/21/2024 | Price change | $1,900-15.6%$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/31/2024 | Listed for rent | $2,250$6/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/27/2024 | Listed for rent | $2,250$6/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/26/2024 | Sold | $317,000-0.6%$793/sqft |
Source: MLS PIN #73249113 Report a problem | ||
| 6/11/2024 | Contingent | $319,000$798/sqft |
Source: MLS PIN #73249113 Report a problem | ||
| 6/7/2024 | Listed for sale | $319,000+17.7%$798/sqft |
Source: MLS PIN #73249113 Report a problem | ||
| 6/3/2022 | Sold | $271,000+18.3%$678/sqft |
Source: MLS PIN #72969212 Report a problem | ||
| 7/13/2021 | Sold | $229,000+266.4%$573/sqft |
Source: Public Record Report a problem | ||
| 9/8/2015 | Sold | $62,500-43.4%$156/sqft |
Source: Public Record Report a problem | ||
| 10/24/2013 | Sold | $110,500+35.4%$276/sqft |
Source: Public Record Report a problem | ||
| 6/24/2013 | Sold | $81,600-53.2%$204/sqft |
Source: Public Record Report a problem | ||
| 11/1/2005 | Sold | $174,500$436/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,335 | $240,000 |
| 2024 | $2,335 +3.2% | $240,000 +12.4% |
| 2023 | $2,262 | $213,600 |
| 2022 | $2,262 0% | $213,600 +17.4% |
| 2021 | $2,263 +0.9% | $181,900 |
| 2020 | $2,243 -0.2% | $181,900 +2.7% |
| 2019 | $2,247 +5.9% | $177,100 +8% |
| 2018 | $2,121 +19.6% | $164,000 +22% |
| 2017 | $1,773 +5.3% | $134,400 +8.6% |
| 2016 | $1,684 +1.9% | $123,700 +2.2% |
| 2015 | $1,652 -0.2% | $121,000 -5.2% |
| 2014 | $1,656 -1.5% | $127,600 -4.3% |
| 2013 | $1,682 +1.3% | $133,300 -2.3% |
| 2012 | $1,661 +3.7% | $136,400 -3.7% |
| 2011 | $1,601 +5.5% | $141,600 -2.1% |
| 2010 | $1,518 +2.6% | $144,700 -6.1% |
| 2009 | $1,479 +1.7% | $154,100 -3.6% |
| 2008 | $1,454 +2.1% | $159,800 -3.4% |
| 2007 | $1,424 | $165,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 01930
Nearby schools
GreatSchools rating
- 6/10West Parish Elementary SchoolGrades: K-5Distance: 3.1 mi
- 4/10Ralph B O'Maley Innovation Middle SchoolGrades: 6-8Distance: 4.3 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Middle: O'malley Innovation Ms
- High: Ghs
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Massachusetts
- Essex County
- Gloucester
- 01930
- 54 Lexington Ave Apartment 32
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