The Ocean Terrace Condominiums 2 Ocean Ave, Gloucester, MA 01930
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$350,000
1 Bed
1 Bath
765 SQFT
Acres: N/A
$320 HOA

Property Description

Coastal Living at Its Best! Located in the beautiful Magnolia Village! This is a first-floor unit rare to find!! It is perfect for downsizers, first-time home buyers, or anyone seeking a coastal getaway. This charming 1-bedroom, 1-bath condo offers a comfortable living space just moments from the ocean. Enjoy the convenience of in-building laundry, assigned parking, and a private patio for relaxing outdoors. With restaurants, shops, beaches, and public transportation nearby, plus easy access to the highway and train, this condo offers the ideal blend of tranquility and convenience.  Don’t miss your chance to own a slice of Gloucester’s seaside charm!

Property Details tap to expand

Amenities

  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Other (See Remarks), Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Association Fee Includes: Landscaping, Laundry Facilities, Master Insurance, Sewer, Snow Removal, Water

Kitchen, Dining, and Appliances

  • Flooring - Laminate
  • Dishwasher, Disposal, Microwave, Range, Refrigerator

Bathrooms

  • Full Baths: 1
  • Bathroom 1 Level: First Floor
  • Bathroom 1 Features: Flooring - Laminate

Bedrooms

  • Bedrooms: 1
  • Master Bedroom Level: First Floor
  • Master Bedroom Features: Ceiling Fan(s), Closet, Flooring - Laminate

Other Rooms

  • Total Rooms: 3
  • Living Room Features: Balcony - Exterior, Closet, Exterior Access, Flooring - Laminate, Flooring - Vinyl, Open Floor Plan

Utilities

  • Heating: Central Heat, Electric
  • Heat Zones: 1
  • Cooling: Wall AC
  • Cooling Zones: 1
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Oven, for Electric Range
  • Water: City/Town Water
  • Sewer: Private Sewerage

Unit Features

  • Square Feet: 765
  • Unit Building: 1J
  • Unit Level: 1
  • Interior Features: Intercom
  • Security: Intercom
  • Floors: 1
  • Pets Allowed: No
  • Laundry Features: Common, In Building
  • Accessability Features: Unknown

Condo Complex Information

  • Condo Name: The Ocean Terrace Condominiums
  • Condo Type: Condo
  • Complex Complete: Yes
  • Number of Units: 42
  • Elevator: No
  • Condo Association: U
  • HOA Fee: $320
  • Fee Interval: Monthly
  • Management: Professional - On Site

Construction

  • Year Built: 2003
  • Style: Other (See Remarks)
  • Construction Type: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Flooring Type: Plywood, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Garage & Parking

  • Parking Features: Exclusive Parking, Paved Driveway
  • Parking Spaces: 1

Exterior & Grounds

  • Pool: No
  • Waterfront Features: Harbor, Ocean
  • Distance to Beach: 0 to 1/10 Mile
  • Beach Ownership: Public

Other Information

  • MLS ID# 73425003
  • Last Updated: 09/04/25
  • Documents on File: Other (See Remarks)
  • Terms: Other (See Remarks)

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/03/2025New$350,000$458MLSPIN
04/12/2005Active$234,900$307MLSPIN
04/12/2005Active$229,900$301MLSPIN

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Seller's Representative: Gabriela Debenedictis, Coldwell Banker Realty - Manchester
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-09-04 03:30:00

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