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Marblehead 01945
293-R Ocean Ave
$1,662,500
● House - Off Market

293-R Ocean Ave

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,623 Ft²
$3,261,512
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

Set directly on the Atlantic coast line, offering unobstructed, open ocean views, this classic Marblehead Neck cottage is quintessential New England. The home is sited just off of exclusive Ocean Avenue, among mature gardens and lush hedges, ensuring peace and privacy. Ready for your dream renovation, this single level, 1905 built Cape has breathtaking, ocean views from the enormous living/dining/family rooms and each of the 4/5 bedrooms, all located on the first floor. The walk up attic space offers instant expansion possibilities and still more stunning views. Under an hour from Boston, there's something about living on the water that brings out the best in people. This could be your opportunity to start making memories on The Neck.
Unit Size
3,623 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$621
Property Type
House
Property Taxes
$2,403
HOA Dues
-
Year Built
1925

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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 years ago (MLSPIN #72343236)

Price History

Date / Event Date Event Price
Mar 6, 2019 Sold
Premium
Sold
Jun 10, 2018 Listed by Sagan Harborside Sotheby's International Realty $2,250,000
Listed by Sagan Harborside Sotheby's International Realty
Oct 29, 2015 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 688
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,938
  • Total Building Area: 4,035
  • Gross Building Area: 6,142
  • Building Area: 4,035
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,035
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000251
  • 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:0912 B:0026 L:0
  • Block: 26
  • Municipality: MARBLEHEAD
  • Latitude: 42.4915
  • Longitude: -70.8367

    Address

  • Full Address: 293 Ocean Ave
  • Address - House Number: 293
  • 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: $2,354,600

    Appraisal Valuation

  • Standard Deviation: 0.2061
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 2,624,007
  • High Value: 3,033,263
  • Low Value: 2,214,750

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,627,900
  • Assessed Land Value: $1,846,600
  • Assessed Improvements Value: $781,300

    Sales

  • Current Sale Recording Date: Oct 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 222
  • Previous Sale Recording Date: Jul 15, 2010
  • 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:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 years

Currently For Sale

38 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 years ago
Data Source: MLS PIN, MLS# 72343236

Frequently Asked Questions

When was property at 293 Ocean Avenue built and last sold?
The property at 293 Ocean Avenue was built in 1925 and last sold on Jan 1, 1970 for $1,170,500.
How much is this home worth?
The estimated value of the home located at 293 Ocean Avenue is $0.
What are some comparable homes to 293 Ocean Avenue?
There are currently no comparable homes to 293 Ocean Avenue.
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