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Marblehead 01945
14 Madison Road
$590,000
● House - Off Market

14 Madison Road

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,252 Ft²
$1,081,216
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Be a member of the Greystone Beach  Association! Enjoy deeded beach rights with in very special neighborhood with this 4 bedroom, 1.5 bath colonial located on a lovely tree lined street just steps to the ocean. Eat-in kitchen, formal dining room, fire placed living room, hardwood flooring , half bath and a first floor family room with solarium ceilings Upstairs you will  retire to 4 generous size bedrooms, updated full bath and a walk up attic for plenty of storage. All set on a well manicured lot with stone patio for entertaining. Newer windows, roof and heating.
Unit Size
2,252 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$288
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
1948

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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 #72022011)

Price History

Date / Event Date Event Price
Aug 31, 2016 Sold
Premium
Sold
Jun 13, 2016 Listed by Sagan Agency REALTORS® $649,000
Listed by Sagan Agency REALTORS®

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 180
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,850
  • Total Building Area: 2,357
  • Gross Building Area: 3,343
  • Building Area: 2,357
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,357
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • 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:0047 B:0017 L:0
  • Block: 17
  • Municipality: MARBLEHEAD
  • Latitude: 42.4856
  • Longitude: -70.8673

    Address

  • Full Address: 14 Madison Rd
  • Address - House Number: 14
  • Address - Street Name: Madison
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2833
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,040,300

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,009,242
  • High Value: 1,181,506
  • Low Value: 836,977

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,161,100
  • Assessed Land Value: $778,400
  • Assessed Improvements Value: $382,700

    Sales

  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 694
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: 4 months ago
Data Source: MLS PIN, MLS# 72022011

Frequently Asked Questions

When was property at 14 Madison Road built and last sold?
The property at 14 Madison Road was built in 1948 and last sold on Jan 1, 1970 for $590,000.
How much is this home worth?
The estimated value of the home located at 14 Madison Road is $681,243.
What are some comparable homes to 14 Madison Road?
There are currently no comparable homes to 14 Madison Road.
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