$3,775,000
●
House -
Off Market
201 Ocean Ave
Marblehead, MA 01945
5 Beds
6 Baths,
1
Half Bath
5,609 Ft²
$5,155,559
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model
About This Property
Imagine living in this spectacular beach front contemporary home
with breathtaking views over the water to the Boston skyline!
This spacious home offers elegant and warm living spaces
throughout with stunning views from every room. The walls of
glass facing the ocean, large decks and patios, perfectly blend and
balance the outdoor spaces with the open indoor living areas.
Ideal for gracious entertaining whether large or intimate
gatherings. Imagine launching your jet skis, catamaran,
paddle boards, kayaks and swimming from your own private
beach with access to your private mooring--the ultimate beach
house. This home will easily accommodate your family and
guests with 4/5 bedrooms and 6 baths, separate guest suite, and
oversized 2-car garage. Just imagine!
Unit Size
5,609 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$713
Property Type
House
Property Taxes
$3,161
HOA Dues
-
Year Built
1995
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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 #72615497)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2020 | Sold | ||
| Sold | |||
| Feb 4, 2020 | Listed by Sagan Harborside Sotheby's International Realty | $3,999,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| Feb 10, 2012 | Sold | ||
| Sold | |||
| Mar 16, 2011 | Listed by Coldwell Banker Residential Brokerage - Marblehead | $3,995,000 | |
| Listed by Coldwell Banker Residential Brokerage - Marblehead | |||
| | |||
|
Stunning home in lovely condition following a $2M renovation. Featured in the 2010 Traditional Home Magazine! Enjoy oceanfront living at it's best. Sweeping views to the Boston skyline-virtually every room in this home boasts ocean views! Spectacular private beach, patio and deck provide ample outdoor living/entertaining space. An open floor plan features a unique 2-story great room, climate controlled wine cellar and indoor cabana! Gourmet kitchen was recently the filming site for Ciao Italia!
| |||
| Mar 18, 2010 | Listed by Coldwell Banker Residential Brokerage - Marblehead | $3,995,000 | |
| Listed by Coldwell Banker Residential Brokerage - Marblehead | |||
| | |||
|
This NEWLY VALUED home has been featured in Traditional Home Magazine! Oceanfront home w/sweeping views to Boston skyline. Private beach, patio & deck spaces provide abundance of fabulous outdoor living. Stunning home in pristine condition following a $2M renovation. Open floor plan w/climate-controlled wine cellar, indoor cabana, & unique 2-story great room. Spectacular views from virtually every room! The grand, perfectly appointed gourmet kitchen was recently the filming site for Ciao Italia.
| |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
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