See Home Value
Marblehead 01945
405 Ocean Avenue
$5,900,000
● House - Off Market

405 Ocean Avenue

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
6,309 Ft²
$31,541
Est. Monthly

About This Property

This renovated Victorian is situated on 1.8± oceanfront acres with access to a private beach. Sited on a hilltop, the residence has dramatic water views from nearly every room in the house offering a state-of-the-art kitchen, wood paneled library, ocean-facing living room, master bedroom suite, & 2nd floor laundry. The landscaped grounds feature mature specimen trees, flowering shrubs, rolling lawns, and a lower terrace built into the rocks.. A tranquil tea house is perched on the water's edge.
Unit Size
6,309 Ft²
Days on Market
-
Land Size
1.82 acres
Price per sqft
$935
Property Type
House
Property Taxes
$2,571
HOA Dues
-
Year Built
1880

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (MLSPIN #71128436)

Price History

Date / Event Date Event Price
Dec 3, 2024 Sold
Sold
Sep 28, 2024 In contract -
In contract
Aug 20, 2024 Listed by Coldwell Banker Realty - Marblehead $6,795,000
Listed by Coldwell Banker Realty - Marblehead
Welcome to “The Tea house on the Neck”, originally 4 lots with two residences, and owned by the same family including the head of the Lipton Tea Company from 1880-1990. A spectacular property with the perfect smaller "tea house" at the tip of the point from which to enjoy a morning (or evening) drink. The lots were subdivided in 1991, and 405 Ocean Avenue now sits perched on a double lot totaling 1.82 acres, surrounded by trees shaped by the sun and wind, rocky ledges (“the lower woods”), mature plantings, an easement to a small beach, and potential for further subdivision. Also, stunning 360 degree views of the Atlantic Ocean, Marblehead Rock, Children’s Island, and Castle Rock Park, as well as Marblehead Harbor and The Marblehead Lighthouse! The interior of the home is spacious with 5+ bedrooms, 6 bathrooms and 6518 SF of living space. Period details throughout the house are obvious, but the current owners have also made it a priority to bring the house up to modern day standards.
Jul 9, 2014 Sold
Sold
Apr 7, 2014 Listed by LandVest, Inc. $4,500,000
Listed by LandVest, Inc.
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 5,027
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 79,500
  • Total Building Area: 6,518
  • Gross Building Area: 12,574
  • Building Area: 6,518
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 6,518
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001825
  • 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:0921 B:0003 L:0
  • Block: 3
  • Municipality: MARBLEHEAD
  • Latitude: 42.502
  • Longitude: -70.834

    Address

  • Full Address: 405 Ocean Ave
  • Address - House Number: 405
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C011
  • 4-Digit Zip Code: 3839
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $5,523,700
  • Initial Tax Delinquent Year: 2021

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $6,164,800
  • Assessed Land Value: $4,713,400
  • Assessed Improvements Value: $1,451,400

    Sales

  • Current Sale Recording Date: Jul 09, 2014
  • Current Sale Price:
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 70900082
  • Previous Sale Recording Date: Jul 09, 2014
  • Previous Sale Contract Date: Jul 09, 2014
  • Previous Sale Amount: $4,300,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marblehead


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 405 Ocean Avenue built and last sold?
The property at 405 Ocean Avenue was built in 1880 and last sold on Jan 1, 1970 for $4,300,000.
How much is this home worth?
The estimated value of the home located at 405 Ocean Avenue is $6,674,604.
What are some comparable homes to 405 Ocean Avenue?
There are currently no comparable homes to 405 Ocean Avenue.