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Marblehead 01945
13 Buchanan Rd
$580,000
● House - Off Market

13 Buchanan Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,266 Ft²
$1,123,635
RealtyHop Estimate
90.77%
Since Jan 1, 2014
MA-Boston
Primary Model

About This Property

Stunning, sunny, and spacious 4 bedroom 3 bath split entry home close to beaches and downtown Marblehead.  New roof and exterior paint, renovated kitchen with cherry cabinets and granite countertops, updated bathrooms, gorgeous hardwood floors, and central air/heat with remote control access. The dining room opens to a large deck overlooking the professionally landscaped yard. The lower level offers a large family room with a fireplace, and slider to the patio and backyard.  This level also has a 4th bedroom or home office, laundry, bath, storage, and access to a generous 2-car garage and 3 car-wide driveway. The open floor plan offers flexibility for any lifestyle including in-law potential.
Unit Size
2,266 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$260
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1961

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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 #71590886)

Price History

Date / Event Date Event Price
Dec 13, 2013 Sold
Premium
Sold
Oct 1, 2013 Listed by Coldwell Banker Residential Brokerage - Marblehead $589,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Jul 27, 1998 Sold
Premium
Sold
Nov 7, 1997 Listed by Coldwell Banker Residential Brokerage - Marblehead $339,900
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,882
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,250
  • Total Building Area: 2,208
  • Gross Building Area: 2,914
  • Building Area: 2,208
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,208
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000235
  • 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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0048 B:0029 L:0
  • Block: 29
  • Municipality: MARBLEHEAD
  • Latitude: 42.4883
  • Longitude: -70.8673

    Address

  • Full Address: 13 Buchanan Rd
  • Address - House Number: 13
  • Address - Street Name: Buchanan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2027
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $779,400

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 991,989
  • High Value: 1,161,924
  • Low Value: 822,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $869,900
  • Assessed Land Value: $613,500
  • Assessed Improvements Value: $256,400

    Sales

  • Current Sale Recording Date: Dec 13, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jul 27, 1998
  • Previous Sale Amount: $332,000
  • Previous Sale Document Type: 27
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

$553

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71590886

Frequently Asked Questions

When was property at 13 Buchanan Road built and last sold?
The property at 13 Buchanan Road was built in 1961 and last sold on Jan 1, 1970 for $580,000.
How much is this home worth?
The estimated value of the home located at 13 Buchanan Road is $621,832.
What are some comparable homes to 13 Buchanan Road?
There are currently no comparable homes to 13 Buchanan Road.
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