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Marblehead 01945
360 Ocean Ave.
$1,500,000
● House - Off Market

360 Ocean Ave.

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,112 Ft²
$2,217,105
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

A spectacular location on Marblehead Neck, this home has been in the family for over 45 years.  From the circular driveway featuring beautiful plantings, one can tell that this house has been lovingly maintained.  Featuring 4 bedrooms, 2.5 bathrooms, dining room, eat-in kitchen with indoor grill, granite counter tops and stainless steel appliances, living room with a brick fireplace, and a cozy den/office with custom built-in cabinetry, there is also a second floor family room with an outdoor deck and amazing views of the ocean and harbor.  A spacious 3-season room overlooking a magnificent professionally landscaped back yard, a large brick patio, and a 20' x 40' inground swimming pool completes the home.  This is a must see house that is ready for the next family to love and enjoy.
Unit Size
3,112 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$498
Property Type
House
Property Taxes
$1,598
HOA Dues
-
Year Built
1961

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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 #72594042)

Price History

Date / Event Date Event Price
Jan 10, 2020 Sold
Premium
Sold
Nov 19, 2019 Listed by Coldwell Banker Residential Brokerage - Marblehead $1,550,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 7
  • Basement Area: 2,492
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,580
  • Total Building Area: 7,618
  • Gross Building Area: 11,573
  • Building Area: 7,618
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 7,618
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000541
  • 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:0919 B:0002 L:0
  • Block: 2
  • Municipality: MARBLEHEAD
  • Latitude: 42.4985
  • Longitude: -70.8366

    Address

  • Full Address: 360 Ocean Ave
  • Address - House Number: 360
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C012
  • 4-Digit Zip Code: 3708
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,773,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2061
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 2,756,848
  • High Value: 3,186,823
  • Low Value: 2,326,872

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,095,800
  • Assessed Land Value: $1,713,900
  • Assessed Improvements Value: $1,381,900

    Sales

  • Current Sale Contract Date: Jan 10, 2020
  • Current Sale Recording Date: Jan 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200110002220
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# 72594042

Frequently Asked Questions

When was property at 360 Ocean Avenue built and last sold?
The property at 360 Ocean Avenue was built in 1961 and last sold on Jan 10, 2020 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 360 Ocean Avenue is $1,573,096.
What are some comparable homes to 360 Ocean Avenue?
There are currently no comparable homes to 360 Ocean Avenue.
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