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$151,000
● Condo - Off Market

121 Elm #6

Marblehead, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
510 Ft²
$345,310
RealtyHop Estimate
117.18%
Since Feb 1, 2010
National-US
Primary Model

About This Property

Attention first-time buyers - take advantage of the $8,000 tax credit opportunity!   First floor unit freshly painted throughout, newly refinished hardwood floors, high ceilings, washer/dryer in kitchen, and new vanity in bath.  Steps to Old Town, shops, restaurants and harbor. Condo fee of $229.21 includes hot water, water/sewer, master insurance, snow removal, and maintenance reserve.
Unit Size
510 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$312
Property Type
Condo
Property Taxes
$133
HOA Dues
$229
Year Built
-

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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 years ago (MLSPIN #70999937)

Price History

Date / Event Date Event Price
Jan 6, 2010 Sold
Premium
Sold
Nov 10, 2009 Listed by Sagan Harborside Sotheby's International Realty $159,000
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Interior Details
Level: First
Width: 9
Length: 8
Area: 72
Area: 35
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Length: 5
Level: First
Width: 7
Length: 15
Level: First
Area: 225
Features: Ceiling Fan(s), Flooring - Hardwood
Width: 15
Features: Ceiling Fan(s), Flooring - Hardwood
Level: First
Length: 14
Width: 14
Area: 196
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater
Flooring Type: Wood, Vinyl
Rooms: 3
Basement: Y
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Area: 0.17
Lot Size Units: Acres
Lot Size Acres: 0.17
Zoning: CR
Parcel Number: 2025321
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $177,900
Tax Annual Amount: $1,599
Utilities Details
Cooling Type: None
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Snow Removal
HOA/Condo/Coop Amenities: Hot Water
HOA Fee: $229
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70999937
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