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Marblehead 01945
252 Ocean Avenue
$945,660
● House - Off Market

252 Ocean Avenue

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,010 Ft²
$2,079,694
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Marblehead Neck Location.Steps to sandy beach! Centerpiece gourmet chef's kitchen features stainless Wolf range & wall ovens, granite counters, large center island,Sub-zero,wine cooler & cooling beverage drawers.Custom cabinetry extends to expansive family room w/ fireplace.High ceilings,rich oak hardwoods combine w/ bright sunshine & open floor plan.3/4 bedrooms & 2.5 baths.Optional 1st level master/inlaw or guest suite.Inviting decks on all levels. Ocean sounds & views.oversized 2 car garage.
Unit Size
3,010 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$332
Property Type
House
Property Taxes
$710
HOA Dues
-
Year Built
1972

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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 #71347524)

Price History

Date / Event Date Event Price
Jan 7, 2021 Sold
Premium
Sold
Oct 2, 2020 Listed by William Raveis R.E. & Home Services $1,595,000
Listed by William Raveis R.E. & Home Services
Oct 10, 2012 Sold
Premium
Sold
Mar 6, 2012 Listed by William Raveis R.E. & Home Services $998,500
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,521
  • Total Building Area: 2,985
  • Gross Building Area: 4,470
  • Building Area: 2,985
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,985
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marblehead School District
  • School Tax School District: MARBLEHEAD SD
  • Census Tract: 203200

Zoning

  • Zoning: LSR

Geography

  • District: 168
  • Parcel: MARB M:0903 B:009A L:0
  • Block: 9A
  • Municipality: MARBLEHEAD
  • Latitude: 42.4896
  • Longitude: -70.8412

    Address

  • Full Address: 252 Ocean Ave
  • Address - House Number: 252
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C012
  • 4-Digit Zip Code: 3730
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,474,400

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,888,305
  • High Value: 2,182,817
  • Low Value: 1,593,793

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,645,500
  • Assessed Land Value: $1,178,800
  • Assessed Improvements Value: $466,700

    Sales

  • Current Sale Contract Date: Jan 07, 2021
  • Current Sale Recording Date: Jan 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210107003200
  • Previous Sale Recording Date: Oct 10, 2012
  • Previous Sale Amount: $945,660
  • Previous Sale Document Type: O
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 Marblehead

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$552

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2929 ft²

Average Home Age

96 years

Currently For Sale

41 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71347524

Frequently Asked Questions

When was property at 252 Ocean Avenue built and last sold?
The property at 252 Ocean Avenue was built in 1972 and last sold on Jan 7, 2021 for $1,585,000.
How much is this home worth?
The estimated value of the home located at 252 Ocean Avenue is $1,608,668.
What are some comparable homes to 252 Ocean Avenue?
There are currently no comparable homes to 252 Ocean Avenue.
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