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7 Essex Ave #1, Gloucester, MA, 01930

2beds
2baths
1,000sqft
$695,000
$695price/sqft
$4,659/moest. monthly cost
$186,360/yrincome needed

About This Home

Waterview living at its finest! Ideally located just off Gloucester's iconic Boulevard and minutes from the marina, this beautifully updated first-floor, 2-bedroom, 2-bath condominium offers the ease and convenience of one-level living along with spectacular water views from both the front and rear of the home. Enjoy sweeping views of the Boulevard from the front and the picturesque Annisquam River from the back, where you can watch a daily parade of boats traveling to and from the Blynman Bridge/Cut Bridge. Relax on the private deck and take in the ever-changing waterfront scenery. Inside, the updated kitchen features granite countertops, a breakfast bar, and ample workspace, while gleaming hardwood floors run throughout. The dining area's wall of windows captures stunning water views and fills the space with natural light. Generous closet space can be found throughout, including walk-in closets in both bedrooms. Being sold fully furnished, including household items, this turnkey property allows for an effortless move-in experience. Additional amenities include in-unit laundry, one off-street parking space, and a substantial private storage area in the basement. Walk to the beach, local restaurants, and Stage Fort Park while enjoying the benefit of low condominium association fees. Please note the association does not carry flood insurance; therefore, a cash buyer is required. A rare opportunity to embrace coastal living in one of Gloucester's most sought-after locations.

Getting Around

67
WalkingSomewhat Walkable
42
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

6/10
4/10
Gloucester High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 2009

Materials

  • Roof: Shingle

Type & Style

  • Home type: Condo
  • Architectural style: Other (See Remarks)
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
  • Laundry features: Bathroom - Full,Flooring - Stone/Ceramic Tile,First Floor,In Unit

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bedroom2

  • Features: Flooring - Wood
  • Level: First
  • Area: 120

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Ceiling Fan(s), Flooring - Wood, Slider
  • Level: First
  • Area: 132.8

Features

  • Central Vacuum
  • Window features: Insulated Windows,Screens
  • Flooring: Wood
  • Finished area above ground: 1,000

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,000
  • Total interior livable area: 1,000 sqft

Kitchen

  • Features: Flooring - Wood, Breakfast Bar / Nook, Lighting - Overhead
  • Level: First
  • Area: 130

Living Room

  • Features: Ceiling Fan(s), Flooring - Wood, Lighting - Overhead, Crown Molding
  • Level: First
  • Area: 250

Master Bedroom

  • Features: Flooring - Wood
  • Level: First
  • Area: 130

Property

Details

  • Parcel number: M:0217 B:0010 L:0001,4849093
  • Zoning: R-20
  • Other equipment: Intercom
  • Exclusions: Some Art Work Excluded

Features

  • Entry location: Unit Placement(Street)
  • Patio & porch: Deck - Composite,Covered
  • Exterior features: Deck - Composite,Covered Patio/Deck,Screens,Rain Gutters,Professional Landscaping
  • Has view: Yes
  • View description: Water,Harbor,Ocean,River
  • Has water view: Yes
  • Water view: Harbor,Ocean,River,Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,River,Harbor,Ocean,Walk to,Beach Ownership(Public)

Parking

  • Total spaces: 1
  • Parking features: Garage Door Opener,Off Street
  • Has garage: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Ice Storm
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,514$42,168
Home Insurance *$238$2,856
Property Taxes $553$6,636
Electricity $354$4,259
Total$4,659$55,908
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$159,737/yr
40% on housing$139,770/yr
45% on housing$124,240/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$695This listing

vs Other Active Listings

Avg $/sqft

ZIP 01930$516
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01930$426
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Pending sale$695,000
2026-08-04Contingent$695,000
2026-08-01Listed for sale$695,000
2014-02-07Sold$287,000
2013-09-11Price change$299,000
2013-08-23Listed for sale$329,000
2010-06-02Sold$355,500

For Sale by Agent

AgentPamela Spica
BrokerageColdwell Banker Realty - Manchester

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