Rare Estate Offering - TIOGA TOWERS! 421 and 423 Ocean Avenue, Marblehead. Seaside living on the tip of Marblehead Neck, offering protected panoramic ocean views from Gloucester to Boston and beyond, with private steps to the ocean. . Custom-built in 1999, the shingle-style main home provides every modern amenity, including a four-floor elevator, yet it retains the elegance of the iconic Tioga Towers that was once occupied the grounds. The home was built with extraordinary views in mind, with multiple decks, balconies, and a tower with a roof deck that takes advantage of the 360-degree views. The separate 4-bedroom carriage house built in 1906 is in mid-renovation, and completes the estate with an eat-in kitchen, living and dining rooms, and an oversized garage. New roof (2022) and elevator (2024).
Type | Description | Level |
---|---|---|
Bedroom 2 | Bathroom - Full, Closet, Flooring - Wall to Wall Carpet, Balcony / Deck, French Doors, Deck - Exterior, Exterior Access, Slider, Lighting - Overhead | Second |
Bedroom 3 | Bathroom - Full, Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead | Second |
Bedroom 4 | Closet, Flooring - Wall to Wall Carpet, Lighting - Sconce, Lighting - Overhead, Window Seat | Third |
Dining Room | Flooring - Wall to Wall Carpet, Wet Bar, Lighting - Pendant | Main,First |
Kitchen | Bathroom - Half, Flooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Wet Bar, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Open Floorplan, Remodeled, Stainless Steel Appliances, Storage, Wine Chiller, Gas Stove, Lighting - Pendant, Lighting - Overhead | Main,First |
Living Room | Flooring - Wood, Balcony / Deck, Deck - Exterior, Exterior Access | Main,First |
Master Bedroom | Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Closet, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Balcony / Deck, Deck - Exterior, Dressing Room, Exterior Access, Lighting - Pendant, Closet - Double | Second |
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,760,000 | $4,760,000 | $4,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $4,423 | $4,423 | $4,423 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,655 | $29,308 | $39,528 |
Total Monthly Payment | $31,203 | $33,856 | $44,076 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.