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Marblehead 01945
14 Rainbow Rd
$931,000
● House - Off Market

14 Rainbow Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,438 Ft²
$957,743
RealtyHop Estimate
12.81%
Since Dec 1, 2021
MA-Boston
Primary Model

About This Property

Introducing 14 Rainbow Road - the perfect forever home with space for the expanding family. Located next to conservation land and a park with rare backyard privacy, you will feel like you are in a charming farm house.  The house is freshly painted inside and out with new windows and recently sanded floors. Large and open living and dining room with cozy fireplace for the family. Four bedrooms and two and a half baths including a master suite. When the owners built the addition, they added two decks - one for morning coffee and sun the other for cocktails at sunset.  Come enjoy this spacious and gorgeous house!
Unit Size
2,438 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$348
Property Type
House
Property Taxes
$586
HOA Dues
-
Year Built
1939

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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: 5 years ago (MLSPIN #72890800)

Price History

Date / Event Date Event Price
Nov 4, 2021 Sold
Premium
Sold
Sep 7, 2021 Listed by Compass $849,000
Listed by Compass

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 882
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,615
  • Total Building Area: 2,438
  • Gross Building Area: 4,626
  • Building Area: 2,438
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,438
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • 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:0073 B:0005 L:0
  • Block: 5
  • Municipality: MARBLEHEAD
  • Latitude: 42.4951
  • Longitude: -70.8767

    Address

  • Full Address: 14 Rainbow Rd
  • Address - House Number: 14
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C027
  • 4-Digit Zip Code: 1222
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $706,000

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,039,560
  • High Value: 1,257,506
  • Low Value: 821,613

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $787,900
  • Assessed Land Value: $550,800
  • Assessed Improvements Value: $237,100

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Nov 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211104004680
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

$546

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2929 ft²

Average Home Age

95.1 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72890800

Frequently Asked Questions

When was property at 14 Rainbow Road built and last sold?
The property at 14 Rainbow Road was built in 1939 and last sold on Nov 4, 2021 for $931,000.
How much is this home worth?
The estimated value of the home located at 14 Rainbow Road is $894,960.
What are some comparable homes to 14 Rainbow Road?
There are currently no comparable homes to 14 Rainbow Road.
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