$134,000
●
Condo -
Off Market
2 Ocean Avenue #2M
Gloucester, MA 01930
1 Bed
1 Bath
765 Ft²
$294,523
RealtyHop Estimate
110.52%
Since Jul 1, 2010
National-US
Primary Model
About This Property
Renovated to new! This one bedroom Garden unit is ready and
available to move right in. Located in the quaint Magnolia
Villiage with shops and eateries at your back door. Just a short
distance to the ocean and Magnolia Beach. Strong association
and reserves. Easy maintenance and low condo fees. Sorry, no
pets. Great condo to invest in as a first home or a summer
residence.
Unit Size
765 Ft²
Days on Market
-
Land Size
-
Price per sqft
$183
Property Type
Condo
Property Taxes
$156
HOA Dues
$241
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (MLSPIN #71019671)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2015 | Sold | ||
| Sold | |||
| Jul 25, 2014 | Listed by Holly C & Co. Fine Homes | $159,900 | |
| Listed by Holly C & Co. Fine Homes | |||
| | |||
|
Neat as a pin. Clean as a whistle. Come home to Magnolia for the summer or enjoy the beach & Magnolia community year round! Down sizing, starting out or "down for the summer" you will love the location and lifestyle this modern unit with a sparkling kitchen offers you. The ocean is 1 block away in 3 directions and locals night at the new "525" Restaurant (yummy!) on Lexington Ave (1/2 a block away!) is Monday with a 10% discount! Lexington Ave. (1/2 a block away!) offers: a post office, Dunkins, beauty salons, a fitness studio and of course the Magnolia Library & Community Center! Like the "big beach" feel of Wingaersheek or Good Harbor? Your Gloucester resident Beach sticker gets you preferred parking on busy days! Walking or driving to the beach, the good life is yours in the heart of the village of Magnolia! In building laundry and professional off site management. Hot water heater installed 2011. Monthly electric bill $50 +/- . Sorry, no pets allowed or elevator in building.
| |||
| Jun 23, 2010 | Sold | ||
| Sold | |||
| Jan 15, 2010 | Listed by RE/MAX Advantage Real Estate | $139,900 | |
| Listed by RE/MAX Advantage Real Estate | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Features: Flooring - Wall to Wall Carpet
Features: Flooring - Stone/Ceramic Tile
Features: Flooring - Wall to Wall Carpet, Balcony / Deck
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Electric Water Heater, Utility Connections for Electric Range
Flooring Type: Tile, Carpet
Rooms: 3
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Ocean Terrace Condominium Association
Structure Type: Garden, Low-Rise
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R3
Parcel Number: 1901938
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $177,200
Tax Annual Amount: $1,867
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s)
Heating Type: Electric Baseboard
Sewer : Private Sewer, Private Sewerage
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $241
Community Features: Public Transportation, Shopping
Pets Allowed: No
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/02/2026
|
1 Bed
|
1 Bath
|
765 ft²
|
$345,000
1 Bed
1 Bath
765 ft²
|
$324,900
-5.83%
07/10/2026
|
The New Home Collective Group
Boston Connect Real Estate
| |
|
02/18/2026
|
1 Bed
|
1 Bath
|
765 ft²
|
$349,000
1 Bed
1 Bath
765 ft²
|
$330,000
-5.44%
04/09/2026
|
David Picardy
Liberty Residential Realty, LLC
| |
|
12/20/2025
|
1 Bed
|
1 Bath
|
765 ft²
|
$350,000
1 Bed
1 Bath
765 ft²
|
$342,500
-2.14%
02/27/2026
|
Derek Greene
The Greene Realty Group
| |
|
12/20/2025
|
1 Bed
|
1 Bath
|
765 ft²
|
$339,000
1 Bed
1 Bath
765 ft²
|
$339,000
02/19/2026
|
Devin Caglayan
All County Select Property Management
| |
|
09/03/2025
|
1 Bed
|
1 Bath
|
765 ft²
|
$350,000
1 Bed
1 Bath
765 ft²
|
$340,000
-2.86%
10/28/2025
|
Gabriela Debenedictis
Coldwell Banker Realty - Gloucester
| |
|
04/22/2025
|
2 Bed
|
1 Bath
|
870 ft²
|
$379,900
2 Bed
1 Bath
870 ft²
|
$340,000
-10.50%
08/04/2025
|
Candor Realty Group
Four Points Real Estate, LLC
| |
|
12/10/2024
|
1 Bed
|
1 Bath
|
765 ft²
|
$350,000
1 Bed
1 Bath
765 ft²
|
$350,000
03/04/2025
|
Deborah Higgins
Keller Williams Realty
| |
|
10/08/2024
|
2 Bed
|
1 Bath
|
870 ft²
|
$399,900
2 Bed
1 Bath
870 ft²
|
-
-
|
Candor Realty Group
Four Points Real Estate, LLC
| |
|
05/04/2023
|
2 Bed
|
1 Bath
|
870 ft²
|
$359,900
2 Bed
1 Bath
870 ft²
|
$365,000
+1.42%
06/09/2023
|
Mark Ventimiglia
Vadala Real Estate
| |
|
03/27/2023
|
Studio
|
1 Bath
|
535 ft²
|
$249,900
Studio
1 Bath
535 ft²
|
$270,000
+8.04%
05/15/2023
|
Kimberly Lorden
Churchill Properties
| |
|
10/14/2022
|
Studio
|
1 Bath
|
460 ft²
|
$199,000
Studio
1 Bath
460 ft²
|
$199,000
11/28/2022
|
Patricia McCormick
J. Barrett & Company
| |
|
08/15/2022
|
2 Bed
|
1 Bath
|
-
|
$399,000
2 Bed
1 Bath
|
-
-
|
Team Cotraro - Mike & Mary
Lux Realty North Shore
| |
|
07/27/2022
|
1 Bed
|
1 Bath
|
765 ft²
|
$249,900
1 Bed
1 Bath
765 ft²
|
$280,000
+12.04%
09/09/2022
|
Michelle Theriault
J. Barrett & Company
| |
|
03/24/2022
|
1 Bed
|
1 Bath
|
765 ft²
|
$249,000
1 Bed
1 Bath
765 ft²
|
$265,000
+6.43%
05/13/2022
|
Ruth Pino
RE/MAX 360
| |
|
10/20/2021
|
2 Bed
|
1 Bath
|
870 ft²
|
$309,900
2 Bed
1 Bath
870 ft²
|
$375,000
+21.01%
11/05/2021
|
Kate Richard
Keller Williams Signature Prop
| |
|
07/22/2021
|
2 Bed
|
1 Bath
|
870 ft²
|
$299,000
2 Bed
1 Bath
870 ft²
|
$311,500
+4.18%
09/03/2021
|
Jessica Tully
RE/MAX 360
| |
|
10/21/2020
|
1 Bed
|
1 Bath
|
765 ft²
|
$229,000
1 Bed
1 Bath
765 ft²
|
$229,000
01/04/2021
|
Luciano Leone Team
RE/MAX 360
| |
|
03/19/2020
|
1 Bed
|
1 Bath
|
765 ft²
|
$215,000
1 Bed
1 Bath
765 ft²
|
$215,000
06/29/2020
|
Catherine Marrone
Integrity Residential Brokerage LLC
| |
|
04/10/2019
|
1 Bed
|
1 Bath
|
765 ft²
|
$225,000
1 Bed
1 Bath
765 ft²
|
$217,500
-3.33%
07/15/2019
|
Rick Petralia
Churchill Properties
| |
|
12/06/2018
|
1 Bed
|
1 Bath
|
765 ft²
|
$199,000
1 Bed
1 Bath
765 ft²
|
$190,000
-4.52%
03/15/2019
|
Gabriela Debenedictis
Coldwell Banker Realty - Gloucester
| |
|
09/09/2018
|
2 Bed
|
1 Bath
|
870 ft²
|
$299,900
2 Bed
1 Bath
870 ft²
|
$299,000
-0.30%
11/16/2018
|
Lane Team
North Shore's Gold Coast Realty
| |
|
07/19/2018
|
2 Bed
|
1 Bath
|
870 ft²
|
$275,000
2 Bed
1 Bath
870 ft²
|
$265,000
-3.64%
10/17/2018
|
Lisa Ramos
Coldwell Banker Realty - Gloucester
| |
|
06/07/2018
|
1 Bed
|
1 Bath
|
765 ft²
|
$198,000
1 Bed
1 Bath
765 ft²
|
$193,000
-2.53%
07/03/2018
|
Ruth Pino
RE/MAX 360
| |
|
01/16/2018
|
1 Bed
|
1 Bath
|
765 ft²
|
$199,000
1 Bed
1 Bath
765 ft²
|
$199,000
03/02/2018
|
Martha Anger
Engel & Volkers By The Sea
| |
|
05/26/2016
|
1 Bed
|
1 Bath
|
766 ft²
|
$189,000
1 Bed
1 Bath
766 ft²
|
$186,000
-1.59%
08/19/2016
|
Move Northshore Team
LAER Realty Partners
| |
|
10/19/2014
|
1 Bed
|
1 Bath
|
765 ft²
|
$158,500
1 Bed
1 Bath
765 ft²
|
$150,000
-5.36%
12/30/2014
|
Deborah Evans
Keller Williams Realty Evolution
| |
|
07/25/2014
|
1 Bed
|
1 Bath
|
765 ft²
|
$159,900
1 Bed
1 Bath
765 ft²
|
$145,000
-9.32%
05/21/2015
|
Sara Lovegreen
Holly C & Co. Fine Homes
| |
|
08/02/2013
|
1 Bed
|
1 Bath
|
765 ft²
|
$139,900
1 Bed
1 Bath
765 ft²
|
$130,000
-7.08%
09/27/2013
|
Joyce Herman
J. Barrett & Company
| |
|
01/01/2013
|
1 Bed
|
1 Bath
|
765 ft²
|
$139,900
1 Bed
1 Bath
765 ft²
|
$131,900
-5.72%
08/09/2013
|
Ruth Pino
RE/MAX 360
| |
|
09/26/2011
|
1 Bed
|
1 Bath
|
765 ft²
|
$145,000
1 Bed
1 Bath
765 ft²
|
$142,500
-1.72%
01/27/2012
|
Francine Cecieta
Keller Williams Realty
| |
|
03/23/2010
|
1 Bed
|
1 Bath
|
765 ft²
|
$139,900
1 Bed
1 Bath
765 ft²
|
$136,000
-2.79%
04/29/2010
|
Northshorist Group
| |
|
02/22/2010
|
1 Bed
|
1 Bath
|
460 ft²
|
$99,000
1 Bed
1 Bath
460 ft²
|
$99,000
05/27/2010
|
Patricia Martin
Conway - Plymouth
| |
|
01/15/2010
|
1 Bed
|
1 Bath
|
765 ft²
|
$139,900
1 Bed
1 Bath
765 ft²
|
$134,000
-4.22%
06/23/2010
|
Team Member
Insight Realty Group, Inc.
| |
|
10/26/2009
|
1 Bed
|
1 Bath
|
765 ft²
|
$179,000
1 Bed
1 Bath
765 ft²
|
$157,500
-12.01%
12/14/2009
|
Kathleen Claypool
| |
|
05/24/2007
|
2 Bed
|
1 Bath
|
870 ft²
|
$235,000
2 Bed
1 Bath
870 ft²
|
$235,000
07/27/2007
|
Jeanette Molk
Coldwell Banker Residential Brokerage - Beverly
| |
|
04/13/2006
|
2 Bed
|
1 Bath
|
870 ft²
|
$249,900
2 Bed
1 Bath
870 ft²
|
$240,000
-3.96%
09/17/2006
|
Thomas Miller
Pingree Properties
| |
|
10/17/2005
|
2 Bed
|
1 Bath
|
870 ft²
|
$199,000
2 Bed
1 Bath
870 ft²
|
$195,000
-2.01%
07/20/2006
|
Don Dunsky
Don Dunsky Real Estate
| |
|
01/04/2005
|
1 Bed
|
1 Bath
|
765 ft²
|
$219,000
1 Bed
1 Bath
765 ft²
|
$215,000
-1.83%
04/22/2005
|
Kenny MacCarthy
RE/MAX Advantage Real Estate
| |
|
09/29/2004
|
1 Bed
|
1 Bath
|
765 ft²
|
$230,000
1 Bed
1 Bath
765 ft²
|
$224,000
-2.61%
04/12/2005
|
Carmen Caruso
| |
|
09/07/2004
|
2 Bed
|
1 Bath
|
870 ft²
|
$244,900
2 Bed
1 Bath
870 ft²
|
$237,000
-3.23%
11/01/2004
|
Don Dunsky
Don Dunsky Real Estate
| |
|
06/18/2004
|
1 Bed
|
1 Bath
|
765 ft²
|
$245,000
1 Bed
1 Bath
765 ft²
|
$227,500
-7.14%
11/01/2004
|
Joanne Dunn
Coldwell Banker Residential Brokerage - Manchester
| |
|
03/30/2004
|
1 Bed
|
1 Bath
|
765 ft²
|
$189,000
1 Bed
1 Bath
765 ft²
|
$186,000
-1.59%
06/15/2004
|
Kenny MacCarthy
RE/MAX Advantage Real Estate
| |
|
03/26/2004
|
1 Bed
|
1 Bath
|
765 ft²
|
$204,900
1 Bed
1 Bath
765 ft²
|
$180,000
-12.15%
04/30/2004
|
Annette Perrine
RE/MAX Real Estate Specialists
| |
|
03/22/2004
|
1 Bed
|
1 Bath
|
765 ft²
|
$245,000
1 Bed
1 Bath
765 ft²
|
$235,000
-4.08%
08/04/2004
|
Holly Chiancola
Holly C & Co. Fine Homes
| |
|
10/13/2003
|
2 Bed
|
1 Bath
|
870 ft²
|
$229,000
2 Bed
1 Bath
870 ft²
|
$225,000
-1.75%
08/26/2004
|
Don Dunsky
Don Dunsky Real Estate
| |
|
08/28/2003
|
1 Bed
|
1 Bath
|
-
|
$189,900
1 Bed
1 Bath
|
$164,900
-13.16%
03/17/2004
|
Olimpia Palazzola
Olimpia Real Estate
| |
|
06/25/2003
|
1 Bed
|
1 Bath
|
765 ft²
|
$195,000
1 Bed
1 Bath
765 ft²
|
$186,000
-4.62%
05/28/2004
|
Francine Cecieta
Keller Williams Realty
| |
|
11/13/2001
|
1 Bed
|
1 Bath
|
765 ft²
|
$149,900
1 Bed
1 Bath
765 ft²
|
$150,000
+0.07%
04/29/2002
|
Christina Rafter
RE/MAX Advantage Real Estate
| |
|
05/27/2001
|
1 Bed
|
1 Bath
|
765 ft²
|
$115,000
1 Bed
1 Bath
765 ft²
|
$110,000
-4.35%
08/30/2001
|
Denise Vadala
Vadala Real Estate
| |
|
12/18/1998
|
1 Bed
|
1 Bath
|
765 ft²
|
$68,000
1 Bed
1 Bath
765 ft²
|
$65,000
-4.41%
03/18/1999
|
Denise Vadala
Vadala Real Estate
| |
|
07/14/1998
|
1 Bed
|
1 Bath
|
765 ft²
|
$69,900
1 Bed
1 Bath
765 ft²
|
$65,000
-7.01%
03/01/1999
|
Christina Rafter
RE/MAX Advantage Real Estate
| |
|
02/02/1998
|
1 Bed
|
1 Bath
|
460 ft²
|
$65,000
1 Bed
1 Bath
460 ft²
|
$61,750
-5.00%
05/29/1998
|
Joan Wogan
| |
|
11/01/1997
|
1 Bed
|
1 Bath
|
765 ft²
|
$65,000
1 Bed
1 Bath
765 ft²
|
$58,000
-10.77%
11/23/1998
|
Mary Brancaleone
Coldwell Banker Residential Brokerage - Gloucester
| |
|
06/20/1997
|
2 Bed
|
1 Bath
|
870 ft²
|
$89,900
2 Bed
1 Bath
870 ft²
|
$87,900
-2.22%
10/01/1997
|
Jane Beaupre
Coldwell Banker Residential Brokerage - Ipswich
| |
|
11/15/1996
|
2 Bed
|
1 Bath
|
800 ft²
|
$89,900
2 Bed
1 Bath
800 ft²
|
$81,200
-9.68%
01/21/1999
|
Mary Brancaleone
Coldwell Banker Residential Brokerage - Gloucester
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017