291A Ocean Avenue
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2015 | Sold | ||
| Sold | |||
| May 13, 2014 | Listed by Daniel A. Mullin Associates | $4,925,000 | |
| Listed by Daniel A. Mullin Associates | |||
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This magnificent Oceanfront Shingle-style residence, located on prestigious Marblehead Neck, is sited on a Bluff above a semi private cove with steps to the beach and a deep water mooring. The site offers panoramic views from Rockport to Provincetown to Boston. Completely rebuilt with exquisite craftsmanship this custom designed home offers an outstanding balance of old world charm and traditional seaside living combined with all of today’s modern building technologies and amenities. The welcoming wraparound porch extends the interior living space to include additional dining and sitting areas. Custom Cherry paneling enhances the front foyer and formal living room, which naturally flows into the step down family room and adjacent gourmet kitchen and seaside dining room. Five bedrooms, five and one half baths, a children’s playroom, home office plus additional sitting room and a wonderful third floor “great room” only begin to complete the interior of this home.
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| Apr 9, 2004 | Sold | ||
| Sold | |||
| Jul 15, 2003 | Listed by Coldwell Banker Residential Brokerage - Marblehead | $2,800,000 | |
| Listed by Coldwell Banker Residential Brokerage - Marblehead | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017