NOT LISTED FOR SALE

388 Ocean Ave Unit 1 Marblehead, MA 01945

Estimated Value: $2,507,000 - $2,687,392

4 Beds
4 Baths
3,691 Sq Ft
$708/Sq Ft Est. Value

About This Home

As of October 2015

Originally built in 1880 with major renovations since, this wonderful 4 bedroom Colonial offers gracious formal living spaces and a recently renovated chef’s kitchen, complete with custom Woodmode cabinetry. Two adjacent decks lead to the private back yard (one with hot tub). Filled with natural light, many original architectural features, an open floor plan as well as ocean breezes and views, this home has always been a very comfortable house for wonderful family gatherings and entertaining. Set on a spacious 31,015 square foot lot on Marblehead Neck, 388 Ocean Avenue offers a rolling front lawn – ideal for children’s games or a summer garden party. The second floor deck offers wonderful vistas of the ocean and summer sailing races. The separate two-car garage has storage above and an attached workshop (or potting room for gardeners). Well located within walking distance to the Corinthian, Eastern and Pleon Yacht Clubs.

Last Agent to Rent the Property

Mary Stewart

Compass Listed on: 09/25/2015

Compass

Last Renter's Agent

Mary Stewart

Compass Listed on: 09/25/2015

Compass

Property Details

Home Type

Other

Year Built

1880

Lot Details

0

Rental Info

  • Deposit Required: Yes
  • First Month Req: Yes
  • For Sale: Yes
  • Insurance Required: Yes
  • Last Month Req: Yes
  • Lead Paint: Unknown
  • Lease Terms: Negot
  • Pets Allowed: Yes w/ Restrictions
  • References Req: Yes
  • Rental Terms: Lease
  • Rent Includes: Laundry Facilities, Parking
  • Security Deposit: 4800.00
  • Term Of Rental: 10
  • Unit In Building: 1
  • Unit Level: 1
  • Year Round: Yes

Listing Details

  • Property Class: Rental
  • Special Features: None
  • Year Built: 1880

Interior Features

  • Appliances: Range, Wall Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Refrigerator - Wine Storage, Vent Hood
  • Fireplaces: 1
  • Fireplaces: 1
  • Primary Bathroom: Yes
  • Number of Rooms: 9
  • Amenities: Shopping, Park, Walk/Jog Trails, Private School, Public School

Exterior Features

  • Exterior Features: Deck, Deck - Wood, Patio, Gutters, Hot Tub/Spa, Professional Landscaping, Sprinkler System, Screens, Garden Area, Invisible Fence, Stone Wall
  • Water View: Yes

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Heating: Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2016
Sold by
Warner Kellogg L and Warner Elizabeth C
Bought by
Teets Brian B and Teets Molly P
Current Estimated Value
$2,740,315

Purchase Details

Closed on
Mar 14, 1996
Sold by
Jones Charles L
Bought by
Warner Kellogg and Warner Elizabeth

Purchase Details

Closed on
Nov 13, 1990
Sold by
Macaulay Elisabeth A
Bought by
Mcnit Katherine Button
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Teets Brian B $1,400,000 --
Warner Kellogg $755,000 --
Warner Kellogg $755,000 --
Mcnit Katherine Button $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnit Katherine Button $250,000
Previous Owner Mcnit Katherine Button $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2015 10/11/15 Rented $5,000 +4.2% --
09/30/2015 09/30/15 Under Contract -- -- --
09/25/2015 09/25/15 For Rent $4,800 -- --
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 $20,941 $2,313,900 $1,753,700 $560,200
2024 $24,602 $2,745,800 $2,228,200 $517,600
2023 $20,894 $2,089,400 $1,588,700 $500,700
2022 $20,760 $1,973,400 $1,485,500 $487,900
2021 $20,132 $1,932,100 $1,444,200 $487,900
2020 $20,379 $1,961,400 $1,547,400 $414,000
2019 $18,893 $1,759,100 $1,341,100 $418,000
2018 $16,283 $1,477,600 $1,196,600 $281,000
2017 $19,334 $1,756,000 $1,415,300 $340,700
2016 $19,131 $1,723,500 $1,372,000 $351,500
2015 $19,096 $1,723,500 $1,372,000 $351,500
2014 $19,034 $1,716,300 $1,372,000 $344,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2015

    Mary Stewart

    Compass

    (781) 820-5676

    107 in this area

    135 Total Sales

    Mary Stewart
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71910152

MLS Property Information Network (MLS PIN)

APN: MARB-000919-000019

Massachusetts Essex County Marblehead 01945

388 Ocean Ave Unit 1, Marblehead, MA

Not Listed for Sale

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