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Marblehead 01945
11 Susan Road
$935,000
● House - Off Market

11 Susan Road

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,927 Ft²
$1,046,589
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Who is looking for privacy in Marblehead???  If so, do not miss your opportunity to view this hidden gem you can't see from the road. The lot is just over 1.5 acres and features lush greenery in all directions.  The house is surrounded by outdoor entertaining space including two oversized patios and a deck.  The first floor features an open floor plan kitchen and living room with direct access to the deck.  The basement is partially finished with a walkout to the patio.  The detached garage has a walkup second floor.
Unit Size
1,927 Ft²
Days on Market
-
Land Size
1.58 acres
Price per sqft
$511
Property Type
House
Property Taxes
$819
HOA Dues
-
Year Built
1988

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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: 4 months ago (MLSPIN #73022062)

Price History

Date / Event Date Event Price
Oct 27, 2022 Sold
Premium
Sold
Aug 5, 2022 Listed by RE/MAX 360 $985,000
Listed by RE/MAX 360
Feb 17, 2012 Sold
Premium
Sold
Jun 14, 2011 Listed by RE/MAX 360 $509,900
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 68,738
  • Total Building Area: 2,421
  • Gross Building Area: 4,608
  • Building Area: 2,421
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,421
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001578
  • 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:0144 B:0014 L:0
  • Block: 14
  • Municipality: MARBLEHEAD
  • Latitude: 42.5099
  • Longitude: -70.8601

    Address

  • Full Address: 11 Susan Rd
  • Address - House Number: 11
  • Address - Street Name: Susan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C029
  • 4-Digit Zip Code: 2437
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,114,600

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,216,358
  • High Value: 1,411,126
  • Low Value: 1,021,591

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,244,000
  • Assessed Land Value: $870,700
  • Assessed Improvements Value: $373,300

    Sales

  • Current Sale Contract Date: Oct 27, 2022
  • Current Sale Recording Date: Oct 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221027001660
  • Previous Sale Recording Date: Feb 17, 2012
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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# 73022062

Frequently Asked Questions

When was property at 11 Susan Road built and last sold?
The property at 11 Susan Road was built in 1988 and last sold on Oct 27, 2022 for $935,000.
How much is this home worth?
The estimated value of the home located at 11 Susan Road is $991,527.
What are some comparable homes to 11 Susan Road?
There are currently no comparable homes to 11 Susan Road.
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