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Marblehead 01945
1 Homestead Road
$693,000
● House - Off Market

1 Homestead Road

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,803 Ft²
$1,258,700
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

This classic colonial offers beautiful original features that include hardwood floors, natural woodwork and a fireplace living room.  The original craftsmanship has been improved upon with a beautiful kitchen and updated bathrooms.  The large master bedroom is one of 5 bedrooms with a private guest suite, office or au-pair space on the third floor that includes a full bath.  There is a finished basement for the kids, a 2 car garage and an expansive yard that offers a deck, patio and great lawn space for playing or entertaining.  Located in the new Glover School neighborhood. Just move right in!
Unit Size
2,803 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$255
Property Type
House
Property Taxes
$622
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71805814)

Price History

Date / Event Date Event Price
May 28, 2015 Sold
Premium
Sold
Mar 24, 2015 Listed by William Raveis R.E. & Home Services $715,000
Listed by William Raveis R.E. & Home Services
Apr 30, 2004 Sold
Premium
Sold
Oct 7, 2003 Listed by William Raveis R.E. & Home Services $659,000
Listed by William Raveis R.E. & Home Services
Oct 5, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,129
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Total Building Area: 2,400
  • Gross Building Area: 4,563
  • Building Area: 2,400
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,400
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TEDESCO PARK
  • Land Acres: 0000000275
  • 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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0033 B:0042 L:0
  • Block: 42
  • Municipality: MARBLEHEAD
  • Latitude: 42.4901
  • Longitude: -70.8807

    Address

  • Full Address: 1 Homestead Rd
  • Address - House Number: 1
  • Address - Street Name: Homestead
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C018
  • 4-Digit Zip Code: 1122
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $957,600

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,152,081
  • High Value: 1,331,766
  • Low Value: 972,395

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,068,800
  • Assessed Land Value: $627,800
  • Assessed Improvements Value: $441,000

    Sales

  • Current Sale Recording Date: May 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 164
  • Previous Sale Recording Date: Apr 30, 2004
  • Previous Sale Amount: $640,000
  • 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

2886 ft²

Average Home Age

92.8 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71805814

Frequently Asked Questions

When was property at 1 Homestead Road built and last sold?
The property at 1 Homestead Road was built in 1930 and last sold on Jan 1, 1970 for $693,000.
How much is this home worth?
The estimated value of the home located at 1 Homestead Road is $717,118.
What are some comparable homes to 1 Homestead Road?
There are currently no comparable homes to 1 Homestead Road.
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