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Marshfield 02050
1307 Ocean St
$385,000
● House - Off Market

1307 Ocean St

Marshfield, MA 02050
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$2,590
Est. Monthly

About This Property

Looking to get into Marshfield under 500k? Great opportunity for first time home buyers, investors, business owners and down sizers. Light and Bright one level home is situated on a corner lot of a cul-de-sac neighborhood. Featuring vinyl siding and trim, generous sized eat in kitchen and living room, three bedrooms w/hardwood floors and enclosed breezeway with 2 car garage! This home is a blank canvas waiting for your creative touch. This property is BUSINESS ZONED opening up endless possibilities for many different uses!  Perfect Marshfield location close to schools, beaches, Brant Rock Esplanade and Marshfield Center make this an amazing property!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$375
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1949

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73174634)

Price History

Date / Event Date Event Price
Jan 29, 2024 Sold
Premium
Sold
Dec 1, 2023 In contract -
In contract
Nov 15, 2023 Price Decreased $449,900
↓ $20K (4.3%)
Price Decreased
Nov 2, 2023 Price Increased $469,900
↑ $20K (4.5%)
Price Increased
Oct 26, 2023 Listed by William Raveis R.E. & Home Services $449,900
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,044
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,570
  • Total Building Area: 1,200
  • Gross Building Area: 2,838
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marshfield School District
  • School Tax School District: MARSHFIELD SD
  • Census Tract: 506203

Zoning

  • Zoning: B-2

Geography

  • District: 171
  • Parcel: MARS M:0J09 B:0003 L:0003
  • Block: 3
  • Lot: 3
  • Municipality: MARSHFIELD
  • Latitude: 42.0986
  • Longitude: -70.6806

    Address

  • Full Address: 1307 Ocean St
  • Address - House Number: 1307
  • Address - Street Name: Ocean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marshfield
  • Carrier Code: C008
  • 4-Digit Zip Code: 3628
  • Zip Code: 02050

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $471,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0817
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 93
  • Final Value: 496,099
  • High Value: 536,672
  • Low Value: 455,525

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,700
  • Assessed Land Value: $279,700
  • Assessed Improvements Value: $174,000

    Sales

  • Current Sale Contract Date: Jan 29, 2024
  • Current Sale Recording Date: Jan 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5248
  • Previous Sale Recording Date: Jul 21, 2016
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marshfield

Stats & Trends

Median Asking:

$796,750

Sale Price/ft²

$371

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2082 ft²

Average Home Age

105.7 years

Currently For Sale

9 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73174634

Frequently Asked Questions

When was property at 1307 Ocean Street built and last sold?
The property at 1307 Ocean Street was built in 1949 and last sold on Jan 29, 2024 for $385,000.
How much is this home worth?
The estimated value of the home located at 1307 Ocean Street is $442,174.
What are some comparable homes to 1307 Ocean Street?
There are currently no comparable homes to 1307 Ocean Street.
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