Canceled
82 Days on market
54 Lexington Ave #32 Gloucester — Photo 1 of 1

54 Lexington Ave #32 Gloucester — Photo 1 of 1

Recent Drop: $20,000

$319,000
$299,000

$299,000

54 Lexington Ave #32, Gloucester, MA 01930

Gloucester, MA 01930 — Magnolia

Beds

--

Baths

1

SqFt

400

Style

Condominium

Built

1920

Enjoy easy access to Magnolia Beach living for just $299,000! This charming top-floor STUDIO condominium offers a wonderful opportunity to own your own place in the picturesque seaside village of Magnolia.Just a short distance from Magnolia Beach, Magnolia Pier, and Coolidge Reservation, this inviting studio is all about location, convenience, and the coastal lifestyle. Inside, you’ll find hardwood floors, a spacious kitchen with granite countertops, and an efficient open layout that makes excellent use of the limited space.One of the highlights is the private deck with beautiful ocean views—the perfect spot for morning coffee, relaxing after the beach, or enjoying warm summer evenings.Additional conveniences include a shared laundry, a deeded parking space, and heat and hot water included in the condo fee. On the site of Magnolia’s legendary Oceanside Hotel, this appealing pied-à-terre studio is ideal as a cozy year-round residence, extra room for guests, quick weekend-vacation getaway, or an income producing investment property. Truly a rare opportunity for savvy buyers.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$748/sqft
Local Avg (Gloucester)$513/sqft
46% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Gloucester, MA.

Property Details

Financials

Original Price$319,000
Annual Taxes$2,490
HOA Fee$292

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms3
FireplacesNone
FlooringWood, Tile, Flooring - Hardwood
BasementN

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPublic Sewer, Private Sewer

Building & Exterior

ConstructionFrame
Roof--
Foundation--
ZoningR-20

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Golf

Geography

Floorplan Breakdown

Structural Layout

First
KitchenBathroom 1
Kitchen
Lvl First

6.5 x 7.333333333

Flooring - Hardwood, Recessed Lighting, Lighting - Overhead

Bathroom 1
Lvl First

7 x 5.916666666

Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead

Property History

Listed
$299,000

Sep 17, 2026

MLS® 73578740

Price Drop
$299,000

Was $319,000

Aug 25, 2026

MLS® 73544618

Listed
$319,000

Jul 4, 2026

MLS® 73544618

Expired
$324,000

Sep 2, 2025

MLS® 73371228

Listed
$324,000

May 7, 2025

MLS® 73371228

Population

30,075

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

36.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Nancy Peterson

Listing Office: J. Barrett & Company

MLS® Number: 73544618

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