$365,000
●
Condo -
Off Market
2 Ocean Ave #2N
Gloucester, MA 01930
2 Beds
1 Bath
870 Ft²
$360,503
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
Set in the heart of Magnolia, this lovely two-bedroom corner unit
provides a calm and serene setting both inside and out.
Inside you will enjoy bright natural light all day provided
by the perfect southern exposure, a spacious living area that's
expanded by a private balcony and two bedrooms each with some peaks
of the ocean. There is also a kitchen with ample workspace
and storage, a full bath and a wall mounted AC unit. Just
outside your door is Magnolia Village offering shops, restaurants,
beautiful oceanfront walks and Magnolia Beach. There is also
one deeded parking spot and laundry in the building. Showings
start at Open Houses Sat 5/6 & Sun 5/7 12:00-1:30pm. Offers,
if any, due Tuesday 5/9 at 5:00pm.
Unit Size
870 Ft²
Days on Market
-
Land Size
-
Price per sqft
$414
Property Type
Condo
Property Taxes
$255
HOA Dues
$354
Year Built
-
Payment Calculator
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Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (MLSPIN #73107390)
Price History
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Deeded
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator
Laundry Features: In Building
Rooms: 4
Basement: N
Exterior Details
Has Property Attached
Square Footage: 870
Year Built Source: Public Records
Year Built: 2003
Waterfront Features: 3/10 to 1/2 Mile To Beach
Building Name: The Ocean Terrace Condominium
Building Area Total: 870
Building Area Units: Square Feet
Lot Size Units: Acres
Tax Lot: 3
Water Source: Public
Financial Details
Tax Map Number: 169
Tax Assessed Value: $288,700
Tax Annual Amount: $3,057
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Electric Baseboard
Sewer : Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Laundry
HOA Fee: $354
HOA Fee Frequency: Monthly
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
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017