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Marblehead 01945
1 Ramsdell
$500,000
● House - Off Market

1 Ramsdell

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,462 Ft²
$499,707
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Rare opportunity!  This is the only time this 5 generation 1890 home has been available to the public.  This Antique home is situated on a flat corner lot of a quiet side street in Downtown, and features a generous back yard, and 10 foot ceilings. Just steps away from Robinson's Farm Conservation area.Heating system is newer and working.  This home is in need of major renovations.. Sold as is.
Unit Size
1,462 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$293
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1890

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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: 5 years ago (MLSPIN #72813808)

Price History

Date / Event Date Event Price
May 25, 2021 Sold
Premium
Sold
Apr 13, 2021 Listed by Sagan Harborside Sotheby's International Realty $429,000
Listed by Sagan Harborside Sotheby's International Realty
Dec 8, 1997 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 726
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,540
  • Total Building Area: 1,452
  • Gross Building Area: 2,578
  • Building Area: 1,452
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,452
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000104
  • 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: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0126 B:0012 L:0
  • Block: 12
  • Municipality: MARBLEHEAD
  • Latitude: 42.5047
  • Longitude: -70.861

    Address

  • Full Address: 1 Ramsdell Rd
  • Address - House Number: 1
  • Address - Street Name: Ramsdell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C040
  • 4-Digit Zip Code: 2315
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $597,700

    Appraisal Valuation

  • Standard Deviation: 0.2193
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 681,964
  • High Value: 831,584
  • Low Value: 532,344

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $667,100
  • Assessed Land Value: $487,600
  • Assessed Improvements Value: $179,500

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: May 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20210525005480
  • Previous Sale Recording Date: Dec 08, 1997
  • Previous Sale Amount: $192,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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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:

$960,000

Sale Price/ft²

$539

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2975 ft²

Average Home Age

93.1 years

Currently For Sale

37 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 years ago
Data Source: MLS PIN, MLS# 72813808

Frequently Asked Questions

When was property at 1 Ramsdell Street built and last sold?
The property at 1 Ramsdell Street was built in 1890 and last sold on May 25, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 1 Ramsdell Street is $0.
What are some comparable homes to 1 Ramsdell Street?
There are currently no comparable homes to 1 Ramsdell Street.
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