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Marblehead 01945
11 Schooner Ridge
$875,000
● House - Off Market

11 Schooner Ridge

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,032 Ft²
$1,281,341
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Classic and spacious Colonial on a quiet dead end street offers a wonderful lifestyle.  Updated white kitchen with granite and stainless, large center island, and buffet with glass cabinets, open to family room with cathedral ceiling and fireplace, direct access to deck. Huge master suite with ample closets, fireplace, and private bath.  Three spacious additional bedrooms, full bath, and dedicated laundry room on second level.  Lovely formal living room and dining room with hardwood floors and flooded with sunlight. Attached 2 car garage with large driveway, huge unfinished basement, and spacious attic offers plenty of storage. Walk to Stramskis, Grace Olivers, and the community store!
Unit Size
3,032 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$297
Property Type
House
Property Taxes
$703
HOA Dues
-
Year Built
1978

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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 #72470826)

Price History

Date / Event Date Event Price
Jul 19, 2019 Sold
Premium
Sold
Mar 26, 2019 Listed by William Raveis R.E. & Home Services $899,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 10
  • 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: 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: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 3,032
  • Gross Building Area: 4,840
  • Building Area: 3,032
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,032
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: SR

Geography

  • District: 168
  • Parcel: MARB M:0175 B:0007 L:0
  • Block: 7
  • Municipality: MARBLEHEAD
  • Latitude: 42.5164
  • Longitude: -70.858

    Address

  • Full Address: 11 Schooner Rdg
  • Address - House Number: 11
  • Address - Street Name: Schooner
  • Address - Suffix Type: Rdg
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C003
  • 4-Digit Zip Code: 1557
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $949,100

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,207,392
  • High Value: 1,414,227
  • Low Value: 1,000,557

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,059,300
  • Assessed Land Value: $556,500
  • Assessed Improvements Value: $502,800

    Sales

  • Current Sale Contract Date: Jul 19, 2019
  • Current Sale Recording Date: Jul 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190719000980
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:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 years

Currently For Sale

38 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# 72470826

Frequently Asked Questions

When was property at 11 Schooner Ridge built and last sold?
The property at 11 Schooner Ridge was built in 1978 and last sold on Jul 19, 2019 for $875,000.
How much is this home worth?
The estimated value of the home located at 11 Schooner Ridge is $947,292.
What are some comparable homes to 11 Schooner Ridge?
There are currently no comparable homes to 11 Schooner Ridge.
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