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Marblehead 01945
1 Mechanic St
$1,000,000
● House - Off Market

1 Mechanic St

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,151 Ft²
$2,489,839
RealtyHop Estimate
116.51%
Since Jan 1, 2012
MA-Boston
Primary Model

About This Property

Magnificent antique gambrel on the National Register in the heart of the Historic District. Built in 1723 by Samuel Goodwin, Joiner, this unique property has many original details.  High ceilings, raised paneling, window shutters, wide pine floors, fireplace with oven in kitchen, 2-car det. garage, exquisite yard with patio and garden pool. This spacious and gracious home has a new roof, 2 year old heating system. House lovingly maintained by current owner. Some furniture/rugs/curtains for sale.
Unit Size
3,151 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$365
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1723

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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: 5 months ago (MLSPIN #71243556)

Price History

Date / Event Date Event Price
Dec 20, 2011 Sold
Premium
Sold
Jun 5, 2011 Listed by Sagan Agency REALTORS® $1,150,000
Listed by Sagan Agency REALTORS®
Sep 17, 2002 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1723
  • Effective Year Built: 1723
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 820
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,180
  • Total Building Area: 3,274
  • Gross Building Area: 4,536
  • Building Area: 3,274
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,274
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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: 203302

Zoning

  • Zoning: HIST

Geography

  • District: 168
  • Parcel: MARB M:0149 B:0035 L:0
  • Block: 35
  • Municipality: MARBLEHEAD
  • Latitude: 42.5064
  • Longitude: -70.8487

    Address

  • Full Address: 1 Mechanic St
  • Address - House Number: 1
  • Address - Street Name: Mechanic
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C026
  • 4-Digit Zip Code: 3409
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,558,600

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,790,666
  • High Value: 2,064,892
  • Low Value: 1,516,440

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,739,500
  • Assessed Land Value: $797,100
  • Assessed Improvements Value: $942,400

    Sales

  • Current Sale Recording Date: Dec 20, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 17, 2002
  • Previous Sale Amount: $170,000
  • 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

$538

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2910 ft²

Average Home Age

90.7 years

Currently For Sale

36 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71243556

Frequently Asked Questions

When was property at 1 Mechanic Street built and last sold?
The property at 1 Mechanic Street was built in 1723 and last sold on Jan 1, 1970 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 1 Mechanic Street is $1,151,423.
What are some comparable homes to 1 Mechanic Street?
There are currently no comparable homes to 1 Mechanic Street.
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