CCertihomes
246 Ocean Avenue, Marblehead, MA 01945

$2,395,000

4 beds 3 baths 2,518 sqft Built 191133 days on marketActive

About this home

"TWELVE LANTERNS" - A small Mediterranean villa on Marblehead Neck, known as " Isabella Stewart Gardner's Marblehead Secret". This distinctive villa was planned, commissioned and supervised through construction by Mrs. Gardner herself in 1911. "Twelve Lanterns" sits high on a rock ledge overlooking the ocean and comes with a DEEDED BEACH PATH. A covered arch and stone steps lead to its entrance. Inside, the Great Room has an enormous fireplace, vaulted ceilings, detailed original woodwork and beams. There are 4 bedrooms in total, the primary suite, on the main level, has a spacious custom tiled bath and walk-in closet. The kitchen and baths are updated to modern standards. The decorative tiles, balconies and arched doorways add to its intrigue. The Tower Room, with 12 large windows, has limitless views of the ocean, harbor and town. Beautiful gardens, flowering climbing vines and a wood burning pizza oven compliment the property. Included is a LARGE HEATED ARTIST STUDIO & 2 car garage.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$15,239/mo

Real estate (PITI + HOA + PMI)
$15,666
Principal + interest$10,862
Property tax + insurance$3,906
PMI / 2nd mortgage$898
Utilities
$514
Heating + cooling$95
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$110
Car insurance + maintenance$110
Other (entertainment)
$158
$15,239/mo TLC
Budget$15,739/mo
Remaining after TLC$500/mo
Purchase price
$2,395,000
Down payment
$119,750 (5%)
Loan amount
$2,275,250
APR
4%

Quick facts

Type
Single Family Residence
Style
Villa, Italianate
Year built
1911
Lot size
0.44 ac
Stories
0
Heating
Gravity, Natural Gas
Cooling
Central Air, Dual
Water
Public
HOA
Annual tax
$20,031
MLS #
73222161
County
Essex

At a glance

Air conditioning
Fireplace
Basement
Garage (2)
Dishwasher

Home features

Appliances
Electric Water HeaterWater HeaterRangeDishwasherDisposalRefrigeratorWasherDryerWine RefrigeratorRange Hood
Interior
Walk-In Closet(s)Cathedral Ceiling(s)Closet/Cabinets - Custom BuiltLoftWine CellarHome OfficeBonus RoomMud RoomWired for SoundInternet Available - Unknown
Exterior
PorchPatioProfessional LandscapingSprinkler SystemDecorative LightingScreensFenced Yard
Community
ShoppingParkWalk/Jog TrailsGolfConservation AreaHouse of WorshipMarinaPublic School
Parking
DetachedGarage Door OpenerGarage Faces SidePaved DriveOff StreetPaved
Kitchen
Cathedral Ceiling(s)Flooring - HardwoodPantryCountertops - Stone/Granite/SolidStainless Steel AppliancesGas Stove
Security
Security System
Flooring
Tile, Hardwood, Stone / Slate, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Concrete
Roof
Clay
Sewer
Public Sewer

Lot features

Gentle Sloping

Neighborhood — 01945

MetricThis ZIPCountyUSA
Population19,4896,444,931299,088,112
Population Change Since19903.00%7.00%20.00%
Population Density4,365786
Male9,2553,127,134147,432,321
Female10,2343,317,797151,655,844
Never Married3,4091,612,88563,775,926
Married9,2702,586,314123,120,365
Separated489247,85712,639,686
Widowed1,120363,59415,467,586
Divorced1,429436,88823,075,029
Number Of House Hold8,2012,431,591111,826,380
Average House Hold Size2.362.562.60
Medial Age43.0137.2535.46
Median House Hold Income$83,956$57,698$48,276
Average House Hold Income$122,682$75,023$63,629
P C I$52,397$29,196$24,529
M D I$67,188$48,105$41,133
A T H E$81,810$57,083$50,898
S T R5.00%5.00%
W C J83.12%81.38%77.74%
(Zip) Code
1945

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Listing information last refreshed 4/10/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.