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Marblehead 01945
10 Mohawk Road
$610,000
● House - Off Market

10 Mohawk Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,243 Ft²
$685,055
RealtyHop Estimate
22.55%
Since Mar 1, 2021
MA-Boston
Primary Model

About This Property

New England Colonial with a large, flat yard in one of Marblehead's most sought after neighborhoods. Central location. Close to everything: beaches, bike path, parks, shops and schools (new elementary school under construction). A fantastic layout lends flexibility to the floor plan. A home office with a separate entrance provides an easy solution to the challenges of working from home. 2 fireplaces, built-in bookcases and both hardwood and wide pine flooring add warmth and character to the space. High ceilings in the basement allow for use as a home gym, playroom and more. Newer heating system, electrical panel and oil tank. Owned by the same family for over 55 years and in need of renovation, this is an opportunity for new owners to rejuvenate this classic home.
Unit Size
2,243 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$249
Property Type
House
Property Taxes
$576
HOA Dues
-
Year Built
1940

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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 #72771466)

Price History

Date / Event Date Event Price
Feb 18, 2021 Sold
Premium
Sold
Jan 5, 2021 Listed by J. Barrett & Company $559,000
Listed by J. Barrett & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 962
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,000
  • Total Building Area: 2,243
  • Gross Building Area: 3,586
  • Building Area: 2,243
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,243
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: SR

Geography

  • District: 168
  • Parcel: MARB M:0086 B:0007 L:0
  • Block: 7
  • Municipality: MARBLEHEAD
  • Latitude: 42.4961
  • Longitude: -70.8664

    Address

  • Full Address: 10 Mohawk Rd
  • Address - House Number: 10
  • Address - Street Name: Mohawk
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C042
  • 4-Digit Zip Code: 2127
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $753,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 900,660
  • High Value: 1,042,924
  • Low Value: 758,397

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $840,400
  • Assessed Land Value: $577,300
  • Assessed Improvements Value: $263,100

    Sales

  • Current Sale Contract Date: Feb 17, 2021
  • Current Sale Recording Date: Feb 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210218004450
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

$552

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2929 ft²

Average Home Age

96 years

Currently For Sale

41 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# 72771466

Frequently Asked Questions

When was property at 10 Mohawk Road built and last sold?
The property at 10 Mohawk Road was built in 1940 and last sold on Feb 17, 2021 for $610,000.
How much is this home worth?
The estimated value of the home located at 10 Mohawk Road is $606,261.
What are some comparable homes to 10 Mohawk Road?
There are currently no comparable homes to 10 Mohawk Road.
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