2 Ocean Ave sits in Gloucester, at the intersection of Western Avenue and Ocean Avenue. The building overlooks the Atlantic Ocean and is a short distance from Magnolia Beach and Magnolia Pier. This low-rise condominium was built in 2003 and contains 43 units.
The building has 1 story and offers units ranging from 460 to 920 square feet. Owners can choose from 1 or 2 bedrooms. Prices for the units range from $375,000 to $390,000. Over the past year, the average closed price has been about $343,334, with the lowest sold price at $340,000. The average price per square foot sits at $432. Units typically spend 81 days on the market before closing.
In-unit amenities include laundry facilities and private outdoor balconies. Residents also enjoy assigned parking. There are possibilities of ocean views and high ceilings in some units.
The building's location offers access to various amenities. Nearby, there are parks, golf areas, tennis courts, and a community pool. Public transportation connects easily, enhancing overall living comfort. Restaurants like JD & Meyers Best Friends and Edgewater Cafe & Catering provide dining options close by.
Points of interest include the Hammond Castle Museum and conservation areas that feature scenic shoreline views. This area provides a pleasant blend of coastal charm and community access, making it an appealing choice for those looking for seaside living.
2 Ocean Ave sits in Gloucester, at the intersection of Western Avenue and Ocean Avenue. The building overlooks the Atlantic Ocean and is a short distance from Magnolia Beach and Magnolia Pier. This low-rise condominium was built in 2003 and contains 43 units.
The building has 1 story and offers units ranging from 460 to 920 square feet. Owners can choose from 1 or 2 bedrooms. Prices for the units range from $375,000 to $390,000. Over the past year, the average closed price has been about $343,334, with the lowest sold price at $340,000. The average price per square foot sits at $432. Units typically spend 81 days on the market before closing.
In-unit amenities include laundry facilities and private outdoor balconies. Residents also enjoy assigned parking. There are possibilities of ocean views and high ceilings in some units.
The building's location offers access to various amenities. Nearby, there are parks, golf areas, tennis courts, and a community pool. Public transportation connects easily, enhancing overall living comfort. Restaurants like JD & Meyers Best Friends and Edgewater Cafe & Catering provide dining options close by.
Points of interest include the Hammond Castle Museum and conservation areas that feature scenic shoreline views. This area provides a pleasant blend of coastal charm and community access, making it an appealing choice for those looking for seaside living.
Description
2 Ocean Ave sits in Gloucester, at the intersection of Western Avenue and Ocean Avenue. The building overlooks the Atlantic Ocean and is a short distance from Magnolia Beach and Magnolia Pier. This low-rise condominium was built in 2003 and contains 43 units.
The building has 1 story and offers units ranging from 460 to 920 square feet. Owners can choose from 1 or 2 bedrooms. Prices for the units range from $375,000 to $390,000. Over the past year, the average closed price has been about $343,334, with the lowest sold price at $340,000. The average price per square foot sits at $432. Units typically spend 81 days on the market before closing.
In-unit amenities include laundry facilities and private outdoor balconies. Residents also enjoy assigned parking. There are possibilities of ocean views and high ceilings in some units.
The building's location offers access to various amenities. Nearby, there are parks, golf areas, tennis courts, and a community pool. Public transportation connects easily, enhancing overall living comfort. Restaurants like JD & Meyers Best Friends and Edgewater Cafe & Catering provide dining options close by.
Points of interest include the Hammond Castle Museum and conservation areas that feature scenic shoreline views. This area provides a pleasant blend of coastal charm and community access, making it an appealing choice for those looking for seaside living.
2 Ocean Ave Key Stats Last 12 months
Avg. Listed Price$342,967($440/Sqft.)
Avg. Sale Price$338,300($432/Sqft.)
Year over year list price2.01%
Year over year sale price3.34%
Total Listings6 Listed
Total sold5 Sold
Average Days on Market68 days
Average HOA fees per sqft$3 /monthly
Key Stats
Year over year list price2.01%
Year over year sale price3.34%
Total Listings6 Listed
Total sold5 Sold
Average Days on Market68 days
Average HOA fees per sqft$3 /monthly
Glen Gardens Estate Availability & Demand
Unit Availability
High
High availability buildings list units frequently.
Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.
Unit Demand
Low
Units in high-demand buildings sell quicker.
Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.
One of the highlights of living at Ocean Terrace is the impressive array of amenities tailored for an active lifestyle. Imagine wrapping up your day with a friendly match on the tennis court or cooling off in the inviting pool. Grab your bike and ride along the scenic bike path, or take a leisurely stroll through the nearby park or conservation area. And if you need to run errands or have some fun, it’s comforting to know public transportation is accessible right in your neighborhood.
Amenities Description
One of the highlights of living at Ocean Terrace is the impressive array of amenities tailored for an active lifestyle. Imagine wrapping up your day with a friendly match on the tennis court or cooling off in the inviting pool. Grab your bike and ride along the scenic bike path, or take a leisurely stroll through the nearby park or conservation area. And if you need to run errands or have some fun, it’s comforting to know public transportation is accessible right in your neighborhood.
Parking
Locker
Concierge
Elevator(s)
Central AC
Pool
Fitness Center
-
Visitors Parking
Amenities
Pool
Security System
Laundry
Tennis Court(s)
Balcony
Policies
One less thing to worry about: Ocean Terrace does not impose strict policies on residents. This welcoming environment encourages relaxed living, perfect for first-time buyers eager to settle down and enjoy their new community.
Pet Allowed
BBQ Permitted
Sublet Allowed
Short-term Rental Allowed
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
This neighborhood indicates a good mix of people which makes it a good place for families. About 8.4% are children aged 0–14, 16.13% are young adults between 15–29, 20.73% are adults aged 30–44, 18.68% are in the 45–59 range and 36.07% are seniors aged 60 and above.
Commuting options are also varying where 74.19% of residents relying on driving, while others prefer public transit around 1.37%, walking around 3.97%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 63.61% of units owner occupied and 36.39% are rented.
The neighborhood offers different household types. About 17% are single family homes and 10.92% are multi family units. Around 37.6% are single-person households, while 62.4% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 30.6% of residents have bachelor’s degrees. Around 14.47% have high school or college education. Another 13.24% hold diplomas while 25.83% have completed postgraduate studies. The remaining are 15.86% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 8.4% are children aged 0–14, 16.13% are young adults between 15–29, 20.73% are adults aged 30–44, 18.68% are in the 45–59 range and 36.07% are seniors aged 60 and above.
Commuting options are also varying where 74.19% of residents relying on driving, while others prefer public transit around 1.37%, walking around 3.97%, biking around 0%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 63.61% of units owner occupied and 36.39% are rented.
The neighborhood offers different household types. About 17% are single family homes and 10.92% are multi family units. Around 37.6% are single-person households, while 62.4% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 30.6% of residents have bachelor’s degrees. Around 14.47% have high school or college education. Another 13.24% hold diplomas while 25.83% have completed postgraduate studies. The remaining are 15.86% with other types of qualifications.
Age Demographics
8.4%(0 - 14 years old)
16.13%(15 - 29 years old)
20.73%(30 - 44 years old)
18.68%(45 - 59 years old)
36.07%(60+ years old)
Commute
1.37%
Transit
3.97%
Walk
74.19%
Drive
0%
Bike
Housing Ownership
63.61%
Owner Occupied
36.39%
Rental Units
Household Types
17%
Single Family
10.92%
Multi Family
37.6%
Single Person
62.4%
Multi Person
Education
Bachelors Degree30.6%
High School College14.47%
Diploma13.24%
Post Graduate25.83%
Others15.86%
Education
Diploma13.24%
Post Graduate25.83%
Others15.86%
Get the HelloCondo Newsletter
Real-estate tips, insights, and market reports in your inbox.
HelloCondo Is The #1 Condo Search Platform And Real Estate Recommendation Engine. Search, Find And Buy The Perfect Condo And Get Matched With The Best Agents. Finding A Condo Has Never Been So Easy.
