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Marblehead 01945
15 Westminster Road
$785,000
● House - Off Market

15 Westminster Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,662 Ft²
$782,587
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Classic center entrance colonial in excellent condition. Nothing to do but move in and enjoy! Beautifully renovated kitchen with stainless appliances and granite counters, open to the dining room. Hardwood floors throughout, fireplaced living room, large family room which leads to a fenced-in, flat, beautifully landscaped back yard. Half bath on the first floor. Three bedrooms and a full bath on the second floor. Half the basement is finished, the other half offers space for storage and houses the gas-fired heating system. The house has single zone central air. Attached garage has access into the house.  Don't miss seeing this awesome house in an awesome location!
Unit Size
1,662 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$451
Property Type
House
Property Taxes
$607
HOA Dues
-
Year Built
1940

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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 #73014106)

Price History

Date / Event Date Event Price
Aug 31, 2022 Sold
Premium
Sold
Jul 19, 2022 Listed by Compass $749,000
Listed by Compass
Dec 5, 2002 Sold
Premium
Sold
Sep 30, 2002 Listed by Compass $499,000
Listed by Compass
Jun 8, 2000 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 696
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,700
  • Total Building Area: 1,662
  • Gross Building Area: 2,632
  • Building Area: 1,662
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,662
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANGUS H MACDONALD INCORPORATED
  • Land Acres: 0000000131
  • 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:0020 B:0021 L:0
  • Block: 21
  • Municipality: MARBLEHEAD
  • Latitude: 42.4882
  • Longitude: -70.8882

    Address

  • Full Address: 15 Westminster Rd
  • Address - House Number: 15
  • Address - Street Name: Westminster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C021
  • 4-Digit Zip Code: 1025
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $732,900

    Appraisal Valuation

  • Standard Deviation: 0.1722
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 892,492
  • High Value: 1,046,176
  • Low Value: 738,808

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $818,000
  • Assessed Land Value: $493,300
  • Assessed Improvements Value: $324,700

    Sales

  • Current Sale Contract Date: Aug 31, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116
  • Previous Sale Recording Date: Dec 05, 2002
  • Previous Sale Amount: $499,900
  • 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:

$992,000

Sale Price/ft²

$553

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73014106

Frequently Asked Questions

When was property at 15 Westminster Road built and last sold?
The property at 15 Westminster Road was built in 1940 and last sold on Aug 31, 2022 for $785,000.
How much is this home worth?
The estimated value of the home located at 15 Westminster Road is $751,136.
What are some comparable homes to 15 Westminster Road?
There are currently no comparable homes to 15 Westminster Road.
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