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Marblehead 01945
257 Ocean Avenue
$2,500,000
● House - Off Market

257 Ocean Avenue

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
6,156 Ft²
$4,377,197
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

A breathtaking 1.7 acres with approximately 320 feet of oceanfront access makes this estate one of Marblehead Neck's largest and most desirable waterfront properties. Overlooking Tinker's island and the Boston skyline, waterviews abound from every room.  Gracious turn of the century home with 5 bedrooms, 3 full and one half bathrooms.  The estate also includes a carriage house with 2 bedrooms, deck space and a 3 car garage, as well as ample grounds, patios and a clay tennis court.
Unit Size
6,156 Ft²
Days on Market
-
Land Size
1.77 acres
Price per sqft
$455
Property Type
House
Property Taxes
$2,530
HOA Dues
-
Year Built
-

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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 #72109558)

Price History

Date / Event Date Event Price
Nov 15, 2017 Sold
Premium
Sold
Jan 17, 2017 Listed by Sagan Agency REALTORS® $2,799,000
Listed by Sagan Agency REALTORS®
Aug 1, 2014 Sold
Premium
Sold
Feb 27, 2014 Listed by Sagan Agency REALTORS® $2,895,000
Listed by Sagan Agency REALTORS®
Dec 12, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 76,948
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001766
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

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

Geography

  • District: 168
  • Parcel: MARB M:0904 B:0010 L:0
  • Block: 10
  • Municipality: MARBLEHEAD
  • Latitude: 42.4891
  • Longitude: -70.8399

    Address

  • Full Address: 257 Ocean Ave
  • Address - House Number: 257
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C012
  • 4-Digit Zip Code: 3728
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,130,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1603
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 67
  • Final Value: 4,372,186
  • High Value: 5,073,136
  • Low Value: 3,671,235

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $4,609,900
  • Assessed Land Value: $2,585,400
  • Assessed Improvements Value: $2,024,500

    Sales

  • Current Sale Recording Date: Nov 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171115005310
  • Previous Sale Recording Date: Aug 01, 2014
  • Previous Sale Amount: $2,700,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72109558

Frequently Asked Questions

When was property at 257 Ocean Avenue built and last sold?
The property at 257 Ocean Avenue was built in and last sold on Jan 1, 1970 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 257 Ocean Avenue is $2,805,376.
What are some comparable homes to 257 Ocean Avenue?
There are currently no comparable homes to 257 Ocean Avenue.
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