NOT LISTED FOR SALE

312 Ocean Ave Marblehead, MA 01945

Estimated Value: $2,489,000 - $2,752,819

5 Beds
4 Baths
3,966 Sq Ft
$666/Sq Ft Est. Value

Last Sold April 19, 2018

Last sale price $1,450,000 $366 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $15,534/month

269 Days on Market

About This Home

As of April 2018

Rare opportunity to own a spectacular property situated on one of the highest points of land on prestigious Marblehead Neck! Enjoy dazzling panoramic ocean views and refreshing breezes all year round. Watch sunrises and sailboats passing by from your balcony on the front of this home and sweet sunsets from the back deck. Classic and stately Colonial, custom built in 1955, still owned and loved by original family. Flexible,open floor plan. Soaring cathedral ceilings with skylights in dining room and family room fill this home with sunshine. Grand foyer and elegant living room with fireplace designed for easy entertaining. Third floor suite offers unparalleled views and is perfect for home office, guest quarters or exercise room with full bath. Hardwood floors and generously sized rooms including full basement with attached 2 car garage. Oversized private back yard allows for gardener's paradise or sporting activities for all ages. Just waiting for your personal renovations and updates!

Last Agent to Sell the Property

Lynne Breed

Sagan Harborside Sotheby's International Realty Listed on: 06/04/2017

Sagan Harborside Sotheby's International Realty

Last Buyer's Agent

Kathleen Murphy

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Home Details

Home Type

Single Family

Year Built

1955

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Gentle Slope, Scenic View(s)
  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Colonial
  • Other Agent: 1.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Year Built Description: Approximate, Renovated Since
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 11
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Energy: Storm Windows, Storm Doors
  • Flooring: Tile, Vinyl, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Security System, Cable Available
  • Basement: Full, Walk Out, Interior Access, Garage Access, Concrete Floor, Unfinished Basement
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: Third Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Bathroom - Full, Closet, Flooring - Hardwood
  • Dining Room: First Floor
  • Family Room: First Floor
  • No Bedrooms: 5
  • Full Bathrooms: 4
  • Oth1 Room Name: Bathroom
  • Oth1 Dscrp: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile
  • Oth2 Room Name: Den
  • Oth2 Dscrp: Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Main Level, Cable Hookup
  • Oth3 Room Name: Foyer
  • Oth3 Dscrp: Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Main Level
  • Oth4 Room Name: Bonus Room
  • Oth4 Dscrp: Closet, Flooring - Hardwood, Main Level
  • Oth5 Room Name: Sitting Room
  • Oth5 Dscrp: Flooring - Hardwood, Window(s) - Picture, Balcony / Deck, Deck - Exterior, Exterior Access, Open Floor Plan
  • Main Lo: AN1195
  • Main So: AN1195
  • Estimated Sq Ft: 3966.00

Exterior Features

  • Frontage: 138.00
  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Porch, Deck - Wood, Balcony, Gutters, Professional Landscaping, Sprinkler System, Screens, Garden Area
  • Foundation: Poured Concrete, Irregular
  • Beach Ownership: Public
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Attached, Under, Garage Door Opener, Storage
  • Garage Spaces: 2
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Heat Zones: 4
  • Hot Water: Oil, Tank
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: SESX

Lot Info

  • Assessor Parcel Number: 913-2-0
  • Zoning: LSR
  • Acre: 0.49
  • Lot Size: 21387.00

Multi Family

  • Foundation: Irregular
  • Waterview: Ocean, Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2017
Closed on
Apr 19, 2018
Sold by
Lynes Vincent C Est
Bought by
Fenty Steven R and Fenty Alexandra E
Seller's Agent
Lynne Breed
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Kathleen Murphy
Gibson Sotheby's International Realty
List Price
$1,899,000
Sold Price
$1,450,000
Premium/Discount to List
-$449,000
-23.64%
Current Estimated Value
$2,640,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,190,955
Avg. Annual Appreciation
8.16%
Original Mortgage
$1,087,500
Outstanding Balance
$931,645
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,709,310

Purchase Details

Closed on
Apr 14, 2015
Sold by
Lyness Mary L and Lyness V C
Bought by
312 Ocean Ave Llc

Purchase Details

Closed on
Jun 10, 2014
Sold by
Lyness Mary L and Lyness Charles V
Bought by
Lyness Mary L and Lyness V C

Purchase Details

Closed on
Feb 6, 1963
Bought by
312 Ocean Ave Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fenty Steven R $1,450,000 --
Fenty Steven R $1,450,000 --
312 Ocean Ave Llc -- --
312 Ocean Ave Llc -- --
Lyness Mary L -- --
Lyness Mary L -- --
312 Ocean Ave Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fenty Steven R $1,087,500
Closed Fenty Steven R $1,087,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2018 04/19/18 Sold $1,450,000 -3.3% $366 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
09/06/2017 09/06/17 Price Changed $1,499,000 -6.3% $378 / Sq Ft
08/03/2017 08/03/17 Price Changed $1,599,000 -5.9% $403 / Sq Ft
07/10/2017 07/10/17 Price Changed $1,699,000 -10.5% $428 / Sq Ft
06/04/2017 06/04/17 For Sale $1,899,000 -- $479 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,205 $2,232,600 $1,689,500 $543,100
2024 $19,204 $2,143,300 $1,641,200 $502,100
2023 $20,551 $2,055,100 $1,568,800 $486,300
2022 $19,586 $1,861,800 $1,387,800 $474,000
2021 $18,330 $1,759,100 $1,303,300 $455,800
2020 $19,052 $1,833,700 $1,448,200 $385,500
2019 $16,851 $1,569,000 $1,327,500 $241,500
2018 $15,695 $1,424,200 $1,182,700 $241,500
2017 $15,680 $1,424,200 $1,182,700 $241,500
2016 $15,405 $1,387,800 $1,136,000 $251,800
2015 $15,377 $1,387,800 $1,136,000 $251,800
2014 -- $1,381,200 $1,136,000 $245,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72175848

MLS Property Information Network (MLS PIN)

APN: MARB-000913-000002