2 Ocean Ave # 3C, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia

$339,000

Est. $2,470/month

1

Beds

1

Baths

765

Sq Ft

$443

Price/Sq Ft

2003

Year Built

Condominium

Type

30

Days on Market

Pending Price Drop -$11,000 Listed Dec 20, 2025 • MLS# 73463266 Copied!

About this home

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.

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Public Records

Current Owner

Owner PANUNZIO KAREN M

Mailing Address PO BOX 85, NEWFIELDS, NH, 03856

Land Use

Use Code 1020

Description N/A

Zoning VB

Style Condominium

Tax Information

Assessed Value $350,100

Assessment History

Year	Land	Building	Total	Change
FY2026	$0	$350,100	$350,100	—

Sale History

Date	Price	Book/Page
Jun 14, 2024	$299,720	42167/229
May 28, 2024	$1	42135/75
Aug 17, 2023	$285,000	41717/169
Jun 9, 2023	$365,000	41605/83
May 15, 2023	$270,000	41563/220
Mar 15, 2023	$390,000	41477/163
Nov 28, 2022	$199,000	41321/498
Sep 9, 2022	$280,000	41179/534
May 13, 2022	$265,000	40931/134
Nov 5, 2021	$375,000	40454/403

Building Permit History

Issued	Type / Work	Status	Value
Apr 10, 2025	Building Permit Condominium [BLD-25-213] Permit #189913	—	—

Data: Town of Gloucester

Municipal Context: GLOUCESTER

Property Data Comparison

Discrepancies found between MLS and assessor records.

Field	Assessor	MLS	Match
Sqft	870	765	✗
Year built	2,003	2,003	✓

Match: geocode_proximity (87.3% confidence) · Data as of Jun 1, 2026

Property Overview

Property Type

Condominium

Listing Type

For Sale

Year Built

2003

Bedrooms

1

Full Bathrooms

1

Living Area

765 sq ft

Total Rooms

4

Stories

1

Entry Level

3

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 2003

Living Area 765 sq ft

Bedrooms 1

Full Baths 1

Total Rooms 4

Interior

Heating Electric Baseboard

Cooling Wall Unit(s), Dual

Flooring Wood

Appliances Range, Refrigerator, Freezer, Energy Star Qualified Refrigerator

Fireplace None

Basement N

Laundry None

Features None

Exterior

Construction Brick, Double Stud Wall

Architecture None

Roof Rubber

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Deeded

Total Spaces 1

Utilities

Electric 220 Volts

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $2,549

Assessed Value $262,200

Interior Features

Flooring: Wood

Appliances: Range, Refrigerator, Freezer, ENERGY STAR Qualified Refrigerator

Interior Features:

Windows:

Basement: N

Laundry:

Security:

Construction & Materials

Year Built: 2003

Structure Type: Low-Rise

Exterior Materials: Brick, Double Stud Wall

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Electric Baseboard

Cooling: Wall Unit(s), Dual

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Deeded

Location

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Neighborhood

Magnolia

2 Ocean Ave # 3C, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Nearby Schools

School District

Gloucester School District local

C-

🎓 Where Graduates Go Class of 2021

42% attend college

31% 4-Year 11% 2-Year 17% Out of State 14% Working

✓ School Safety 2024-25

1.9% Average

1.9% Suspensions 0.5% In-School

↓ 3.6% below state avg

E

Elementary Schools

6 schools

Faith Christian School

4.2 mi

Grades PK-08

C-

West Parish School

3.0 mi | #683 of 824 | Score: 36.5

Dropped 245 spots from last year

-21.7 below state avg

382 students Less Diverse

Grades K-05

C

East Veterans Elementary School

4.3 mi | #651 of 824 | Score: 38.2

Dropped 58 spots from last year

-20 below state avg

451 students Diverse

Grades K-05

Gloucester PreSchool

4.6 mi

101 students Moderate

Grades PK

C-

Beeman Memorial School

4.6 mi | #701 of 824 | Score: 35.6

Dropped 172 spots from last year

-22.6 below state avg

292 students Diverse

Grades K-05

B+

Plum Cove School

7.3 mi | #322 of 824 | Score: 50.1

Improved 68 spots from last year

-8.1 below state avg

217 students Less Diverse

Rising School

Grades K-05

M

Middle Schools

1 school

C+

Ralph B O'Maley Middle School

4.2 mi | #238 of 352 | Score: 37.3

Improved 24 spots from last year

-20.9 below state avg

619 students Moderate

Rising School

Grades 06-08

H

High Schools

1 school

C+

Gloucester High School

3.1 mi | #212 of 346 | Score: 50.4

Improved 27 spots from last year

-7.8 below state avg

776 students Moderate

17 sports • 1,070 athletes

Rising School Career Tech Programs Strong Athletics

Grades 09-12

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Loan Term

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $212

Homeowners Insurance $200

HOA Fee $343/mo

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

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Property History

Market Insights

1

Price Changes

3.1%

Price Range

Property Timeline

📋

Status: Active under contract

Jan 7, 2026

Pending → Active Under Contract

⏳

Pending Sale

Jan 7, 2026

Offer accepted, sale pending

↓

Price Reduced

Dec 21, 2025

$339,000 $11,000 (-3.14%)

From $350,000 to $339,000 (-3.1%)

🏠

Listed for Sale

Dec 20, 2025

$339,000

Original listing

Agent: Derek Greene Office: The Greene Realty Group

🏠

Listed for Sale

Dec 20, 2025

$350,000

Original listing

Agent: Derek Greene Office: The Greene Realty Group

Date	Event	Price	Change	$/sqft	Details
01/07/2026	📋 Status: Active under contract	-	-	-	Pending → Active Under Contract
01/07/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
12/21/2025	↓ Price Reduced	$339,000	$11,000	-	From $350,000 to $339,000 (-3.1%)
12/20/2025	🏠 Listed for Sale	$339,000	-	-	Original listing
12/20/2025	🏠 Listed for Sale	$350,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Jan 7, 2026	Status: Active under contract	$0	—
Dec 21, 2025	Price Changed	$339,000	-$11,000
Dec 20, 2025	New Listing Added	$339,000	—
Dec 20, 2025	New Listing Added	$350,000	—

Market Statistics

Days on Market

30 days

Price per Sq Ft

$443

Total Price Drop

-$11,000

Tax History

Year	Taxes	Assessment
2025	$2,549	$262,200

Financial Details

Annual Property Tax

$2,549

Tax Year 2025

HOA Fee

$343

Monthly

Assessed Value

$262,200

Elementary Schools

Middle Schools

High Schools

Monthly Payment Breakdown

Loan Summary

Status: Active under contract

Pending Sale

Price Reduced

Listed for Sale

Listed for Sale

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2 Ocean Ave # 3C, Gloucester MA 01930

About this home

Public Records

Current Owner

Land Use

Tax Information

Assessment History

Sale History

Building Permit History

Municipal Context: GLOUCESTER

Property Data Comparison

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Calculator

Monthly Payment Breakdown

Loan Summary

Rate Impact

Payment Over Time

Property History

Market Insights

Property Timeline

Status: Active under contract

Pending Sale

Price Reduced

Listed for Sale

Listed for Sale

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Financial Details

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