Enjoy coastal living with a beautiful ocean view in this charming one bedroom, one bath condo at the Ocean Terrace Condominiums in lovely Magnolia. The open living area features sliding doors to a private outdoor balcony with ocean views—perfect for morning coffee and sea breezes. The spacious living room and bedroom offer great natural light; genuine wood flooring throughout; air conditioning; laundry on premises; and assigned parking. Located just moments from beautiful Magnolia Beach, with a brunch/lunch spot, restaurant, and pub only a block away. Enjoy Magnolia’s village charm, shoreline walks in this beautiful and special little oceanside village. A wonderful home, vacation retreat or investment in a sought-after seaside setting.
For sale
Price cut: $11K (12/21)
$339,000
2 Ocean Ave APT 3C, Gloucester, MA 01930
1beds
765sqft
Est.:
Condominium
Built in 2003
-- sqft lot
$319,300 Zestimate®
$443/sqft
$320/mo HOA
What's special
Air conditioningBeautiful ocean viewGreat natural lightGenuine wood flooring throughout
- 1 day |
- 492 |
- 18 |
Zillow last checked: 8 hours ago
Listing updated: 11 hours ago
Listed by:
Derek Greene 860-560-1006,
The Greene Realty Group 860-560-1006
Source: MLS PIN,MLS#: 73463266
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric Baseboard
Cooling
- Wall Unit(s), Dual
Features
- Flooring: Wood
- Basement: None
- Has fireplace: No
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, Deeded
- Uncovered spaces: 1
Features
- Waterfront features: 1/10 to 3/10 To Beach, Beach Ownership(Private, Public)
Details
- Parcel number: M:0169 B:0003 L:0003(C),1901976
- Zoning: VB
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Brick, Double Stud Wall
- Roof: Rubber
Condition
- Year built: 2003
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Amenities included: Hot Water, Laundry
- Services included: Water, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
- HOA fee: $320 monthly
Location
- Region: Gloucester
Financial & listing details
- Price per square foot: $443/sqft
- Tax assessed value: $262,200
- Annual tax amount: $2,549
- Date on market: 12/20/2025
Estimated market value
$319,300
$294,000 - $345,000
$2,032/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/21/2025 | Price change | $339,000-3.1%$443/sqft |
Source: MLS PIN #73463266 Report a problem | ||
| 12/20/2025 | Listed for sale | $350,000+400%$458/sqft |
Source: MLS PIN #73463266 Report a problem | ||
| 3/18/1994 | Sold | $70,000$92/sqft |
Source: Public Record Report a problem | ||
Public tax history
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 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,353/mo
Principal & interest
$1631
HOA Fees
$320
Other costs
$401
Climate risks
Neighborhood: 01930
Nearby schools
GreatSchools rating
- 6/10West Parish Elementary SchoolGrades: K-5Distance: 3 mi
- 3/10Ralph B O'Maley Innovation Middle SchoolGrades: 6-8Distance: 4.2 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: West Parish
- High: Gloucester
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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