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2 Ocean Ave # 3C, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia
$350,000
$339,000
Est. $2,470/month
1
Beds
1
Baths
765
Sq Ft
$443
Price/Sq Ft
2003
Year Built
1
Parking
30
Days on Market
Pending Price Drop -$11,000 Listed Dec 20, 2025 • MLS# 73463266 Copied! • Updated Jan 21, 2026

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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Recently Sold Nearby

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

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

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
Features Off Street, Deeded
Total Spaces 1
Electric 220 Volts
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $2,549
Assessed Value $262,200

HOA & Community

HOA Fee $343 Monthly
Fee Includes Water, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Amenities Hot Water, Laundry
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["Low-Rise"]
Unit/Building 3C
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 32 days

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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
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

3 schools
A
Manchester Memorial Elementary School
2.7 mi | #156 of 824 | Score: 56.9
Dropped 39 spots from last year
-1.3 below state avg
304 students Less Diverse
Grades PK-05
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
Faith Christian School
4.2 mi
Grades PK-08
M

Middle Schools

3 schools
A
Manchester Essex Regional Middle School
2.8 mi | #56 of 352 | Score: 55.7
Improved 44 spots from last year
-2.5 below state avg
279 students Less Diverse
Rising School
Grades 06-08
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
Landmark School - Elementary Middle School
4.3 mi
Grades K-09
H

High Schools

2 schools
A+
Manchester Essex Regional High School
2.8 mi | #23 of 346 | Score: 73.0
Improved 10 spots from last year
+14.8 above state avg
392 students Less Diverse
19 sports • 932 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
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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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
%

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
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Magnolia

2 Ocean Ave # 3C, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Agent Derek Greene
Listing Office The Greene Realty Group
Office Phone 888-278-5840
Agent MLS ID CT004394
Office MLS ID K95593
Listing Data Updated Jan 21, 2026 3:05 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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