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Marblehead 01945
140 W Shore Dr
$580,000
● House - Off Market

140 W Shore Dr

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,052 Ft²
$892,255
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

This lovely colonial has 3 bedrooms, 2 bathrooms and hardwood throughout. The first floor offers a nicely renovated kitchen with granite countertops, stainless steel appliances and adjoining dining room. The cozy living room has a working fireplace with a beautiful mantel. Just off the expansive bright family room is a thoughtfully updated bathroom with tiled shower and laundry. On the second floor you will find three large bedrooms and a full bathroom. The walk-up attic has tons of storage space and great potential for future additional space. The basement has a fabulous finished room as well as an unfinished workshop area and detached two car garage. Playground, beach and walking trails all close by. Nothing to do but move in!
Unit Size
2,052 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$292
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1938

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72388483)

Price History

Date / Event Date Event Price
Dec 15, 2021 Sold
Premium
Sold
Oct 19, 2021 Listed by Keller Williams Realty Evolution $739,000
Listed by Keller Williams Realty Evolution
Nov 16, 2018 Sold
Premium
Sold
Sep 5, 2018 Listed by Keller Williams Realty Evolution $599,900
Listed by Keller Williams Realty Evolution
Oct 5, 2007 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 660
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,350
  • Total Building Area: 2,184
  • Gross Building Area: 3,174
  • Building Area: 2,184
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,184
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUBDIVISION LAND N RODGERS & E
  • Land Acres: 0000000146
  • 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: 203200

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0102 B:0017 L:0
  • Block: 17
  • Municipality: MARBLEHEAD
  • Latitude: 42.5018
  • Longitude: -70.8713

    Address

  • Full Address: 140 W Shore Dr
  • Address - House Number: 140
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C019
  • 4-Digit Zip Code: 1356
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,300

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 901,302
  • High Value: 1,055,143
  • Low Value: 747,461

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $798,300
  • Assessed Land Value: $466,900
  • Assessed Improvements Value: $331,400

    Sales

  • Current Sale Contract Date: Dec 15, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211215003760
  • Previous Sale Recording Date: Nov 16, 2018
  • Previous Sale Amount: $580,000
  • Previous Sale Document Type: O
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

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72388483

Frequently Asked Questions

When was property at 140 West Shore Drive built and last sold?
The property at 140 West Shore Drive was built in 1938 and last sold on Dec 15, 2021 for $802,500.
How much is this home worth?
The estimated value of the home located at 140 West Shore Drive is $784,273.
What are some comparable homes to 140 West Shore Drive?
There are currently no comparable homes to 140 West Shore Drive.
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