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28 Kennedy Rd #B, Gloucester, MA, 01930

2beds
4baths
3,061sqft
$1,395,000
$456price/sqft
$9,219/moest. monthly cost
$368,760/yrincome needed

About This Home

Imagine the scale of a single-family home, the maintenance freedom of a luxury condominium, and the draw of the New England coast--all just around the corner from both the quaint seaside town of Manchester and the bustling Gloucester Center. Set within the exclusive Village at Magnolia Shores nestled on 50 park-like acres, this exceptional 2+bedroom, 3.5-bath, 3000+ sq ft residence redefines condominium living. Step inside to soaring 10ft coffered ceilings and a sun-flooded great room anchored by a gas fireplace, where living, dining, and a beautifully appointed designer kitchen open naturally into one another. An adjacent sunroom captures light from sunrise to sunset making it a spa-like sanctuary year round. The primary suite with a luxurious bath and walk-in closet, a second ensuite bedroom, and an inviting library/office make for easy first floor living. The lower level is a third suite: bedroom, full bath, and a spacious family room with sliders opening to the outdoors--it's where kids can play, teens can hide, and houseguests can find a home within your home!

Getting Around

8
WalkingCar-Dependent
23
TransitMinimal Transit
14
BikeSomewhat Bikeable

Schools

6/10
4/10
Gloucester High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 2016

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Duplex

Interior

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 900
  • Finished area above ground: 2,161

Heating & Cooling

  • Heating features: Forced Air,Propane
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,061
  • Total interior livable area: 3,061 sqft

Master Bathroom

  • Features: Yes

Property

Details

  • Parcel number: M:0193 B:0090 L:028B,4999837
  • Attached to another structure: Yes
  • Zoning: R-30

Parking

  • Total spaces: 6
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 4

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 FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 $7,053$84,636
Home Insurance *$477$5,724
Property Taxes $1,086$13,032
Electricity $603$7,243
Total$9,219$110,628
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$316,080/yr
40% on housing$276,570/yr
45% on housing$245,840/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

$456This listing

vs Other Active Listings

Avg $/sqft

ZIP 01930$514
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)

Price History

DateEventPrice
2026-08-03Price change$1,395,000
2026-07-16Price change$1,450,500
2026-07-10Listed for sale$1,499,900
2026-07-01Contingent$1,499,900
2026-06-24Listed for sale$1,499,900
2026-06-17Contingent$1,499,900
2026-06-02Listed for sale$1,499,900
2022-06-03Listing removed--
2021-11-01Sold$924,500
2021-09-09Pending sale$924,500
2021-09-01Contingent$924,500
2021-08-23Price change$924,500
2021-08-16Listed for sale$949,500
2021-02-28Listing removed--
2020-08-25Listing removed$1,500
2020-07-30Listed for rent$1,500
2017-02-24Sold$729,892

For Sale by Agent

AgentMeg McGowan
BrokerageGibson Sotheby's International Realty

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