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Marblehead 01945
291 Ocean Ave
$2,100,000
● House - Off Market

291 Ocean Ave

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
4,595 Ft²
$3,179,331
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Located on Marblehead Neck, this wonderful home has fabulous water views overlooking the ocean and Tinker's Island, and has direct access to a private beach just steps from the kitchen door.  Don't miss seeing this 5 bedroom home – Built at the turn of the century, the house has beautiful Victorian details.  Large rooms, high ceilings, a large updated kitchen, 3 full baths, 2 half baths.  The large master suite overlooks the ocean and has two walk-in closets and a full bathroom.
Unit Size
4,595 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$521
Property Type
House
Property Taxes
$1,859
HOA Dues
-
Year Built
2004

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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 #72552405)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Aug 20, 2019 Listed by Coldwell Banker Residential Brokerage - Marblehead $2,395,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Aug 31, 2015 Sold
Premium
Sold
Apr 9, 2004 Sold
Premium
Sold
Feb 14, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 22,500
  • Total Building Area: 5,521
  • Gross Building Area: 9,184
  • Building Area: 5,521
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,521
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000517
  • 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

  • Parcel: MARB M:0912 B:0029 L:0
  • Block: 29
  • Municipality: MARBLEHEAD
  • Latitude: 42.4908
  • Longitude: -70.8361

    Address

  • Full Address: 291a Ocean Ave
  • Address - House Number: 291a
  • 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: $5,307,800
  • Initial Tax Delinquent Year: 2021

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $5,923,900
  • Assessed Land Value: $3,613,100
  • Assessed Improvements Value: $2,310,800

    Sales

  • Current Sale Recording Date: Aug 31, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 667
  • Previous Sale Recording Date: Apr 09, 2004
  • Previous Sale Amount: $2,200,000
  • 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 Marblehead

Stats & Trends

Median Asking:

$992,000

Sale Price/ft²

$553

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72552405

Frequently Asked Questions

When was property at 291 Ocean Avenue built and last sold?
The property at 291 Ocean Avenue was built in 2004 and last sold on Jan 1, 1970 for $4,615,000.
How much is this home worth?
The estimated value of the home located at 291 Ocean Avenue is $2,403,738.
What are some comparable homes to 291 Ocean Avenue?
There are currently no comparable homes to 291 Ocean Avenue.
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