16 Beacon Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 10, 2023 | Sold | ||
| Sold | |||
| Dec 8, 2022 | In contract | - | |
| In contract | |||
| Dec 2, 2022 | Listed by RE/MAX 360 | $1,149,900 | |
| Listed by RE/MAX 360 | |||
| | |||
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Here's your chance to own a piece of history and live only steps from the ocean! Come create your dream home in one of Marblehead's most lovely neighborhoods. This charming antique is nestled on an oversized lot w/a beautiful private landscaped backyard and a large barn perfect for the hobbyist. The interior of the home preserves some of the most amazing details of yesteryear including wide pine flooring, large fireplaces, plentiful nooks and crannies for storage & numerous architectural details. The main flr has a floorplan that offers a room for every occasion, including a library & large family room w/beautiful wood detailing & pellet stove. The kitchen offers a more recent addition that offer large windows overlooking the lush backyard. Bring your vision and restore this home to its glory and enjoy walking this quiet neighborhood while taking in the breathtaking views of the ocean, strolling along Gas House Beach or take a quick drive downtown & enjoy the many shops & restaurants.
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| Nov 8, 2022 | Delisted | - | |
| Delisted | |||
| Oct 28, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017