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245 Ocean Avenue, Marblehea...

Updated Dec 21, 2023

Bill Willis & Christine Tierney Acquire SFR In Marblehead, MA For $1.63M
SOLDSingle Family Residence

Bill Willis & Christine Tierney Acquire SFR In Marblehead, MA For $1.63M

245 Ocean Avenue, Marblehead, Massachusetts 01945, United States

$1,630,000

$510/SF

Building Size

3,194 SF

Asset Type

Single Family Residence

Closing

Sep 20, 2022

About this deal

AI

Located at 245 Ocean Avenue in Marblehead, MA, this single-family residential property was recently sold. The transaction took place on September 21, 2022, and the property was sold for a total price of $1,630,000. With a spacious interior spanning 3,194 square feet, the property offers ample living space for its future occupants.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,630,000
  • Address: 245 Ocean Avenue, Marblehead, MA
  • Market: Marblehead, MA
  • Broker: Bill Willis & Christine Tierney - Willis + Tierney - Compass

Represented by Bill Willis and Christine Tierney from Willis + Tierney, this transaction showcases their expertise and commitment to providing exceptional real estate services. The price per square foot for this property was approximately $410.

Players

Christine Tierney

Compass

Broker

$12.4M

vol

7 deals

Broker

Marblehead Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $510 per square foot on a published $1.6M for 3,194 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.73%

Cash-on-Cash

-2.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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