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Marblehead 01945
1 Chestnut St
$400,000
● Land - Off Market

1 Chestnut St

Marblehead, MA 01945
bedrooms
Studio
bathrooms
0 Bath
$489,305
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Great location for this attractive corner lot in the heart of Marblehead. close to shops, restaurants, theaters, museums, the harbor, beach and so much more - enjoy the Marblehead lifestyle. This lot, at the "dead end" of a quiet street, had an existing single family home that has been removed. Build your own, home the way you want it. Believe the lot will support the construction of either a single or 2-family home by right. The buyer is responsible for verifying all information and what would be allowed to be built.
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$290
HOA Dues
-
Year Built
2022

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72827253)

Price History

Date / Event Date Event Price
Jun 22, 2021 Sold
Premium
Sold
May 6, 2021 Listed by Sagan Harborside Sotheby's International Realty $424,900
Listed by Sagan Harborside Sotheby's International Realty
May 17, 2005 Sold
Premium
Sold
Apr 7, 2005 Listed by Sagan Harborside Sotheby's International Realty $389,900
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,252
  • Garage Type: 17
  • Parking Space Count: 12
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,096
  • Total Building Area: 1,894
  • Gross Building Area: 3,058
  • Building Area: 1,894
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,894
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marblehead School District
  • School Tax School District: MARBLEHEAD SD
  • Census Tract: 203200

Zoning

  • Zoning: BR

Geography

  • District: 168
  • Parcel: MARB M:0110 B:0005 L:0
  • Block: 5
  • Municipality: MARBLEHEAD
  • Latitude: 42.4978
  • Longitude: -70.8579

    Address

  • Full Address: 1 Chestnut St
  • Address - House Number: 1
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C041
  • 4-Digit Zip Code: 3025
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $731,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 808,792
  • High Value: 936,544
  • Low Value: 681,039

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $816,400
  • Assessed Land Value: $565,100
  • Assessed Improvements Value: $251,300

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210622000630
  • Previous Sale Recording Date: May 17, 2005
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marblehead

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72827253

Frequently Asked Questions

When was property at 1 Chestnut Street built and last sold?
The property at 1 Chestnut Street was built in 2022 and last sold on Jun 18, 2021 for $400,000.
How much is this home worth?
The estimated value of the home located at 1 Chestnut Street is $429,149.
What are some comparable homes to 1 Chestnut Street?
There are currently no comparable homes to 1 Chestnut Street.
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