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Marblehead 01945
16 Bennett Rd
$610,000
● House - Off Market

16 Bennett Rd

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,160 Ft²
$625,860
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Great opportunity in Ocean Park!  Ready for your updates, this 3 bed, 1.5 bath home features an open kitchen/ family room with a wood stove, a large fireplaced living room, an oversized deck and a large flat back yard.  Located on a quiet tree lined street just a short walk from the Ocean Park association beach, ramp, and dock.  Access your boat from your own inflatable dinghy, launch your kayak or SUP, swim at the beach. or attend one of the many association neighborhood events.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$277
Property Type
House
Property Taxes
$586
HOA Dues
$8
Year Built
1981

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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 #73014367)

Price History

Date / Event Date Event Price
Aug 25, 2022 Sold
Premium
Sold
Jul 19, 2022 Listed by Sagan Harborside Sotheby's International Realty $599,000
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,813
  • Total Building Area: 2,160
  • Gross Building Area: 3,360
  • Building Area: 2,160
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,160
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN PARK
  • Land Acres: 0000000179
  • 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: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0139 B:0011 L:0
  • Block: 11
  • Municipality: MARBLEHEAD
  • Latitude: 42.5088
  • Longitude: -70.8661

    Address

  • Full Address: 16 Bennett Rd
  • Address - House Number: 16
  • Address - Street Name: Bennett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1402
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $556,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 835,530
  • High Value: 979,032
  • Low Value: 692,028

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $621,100
  • Assessed Land Value: $429,500
  • Assessed Improvements Value: $191,600

    Sales

  • Current Sale Contract Date: Aug 25, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 313
  • Previous Sale Recording Date: Aug 24, 2012
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73014367

Frequently Asked Questions

When was property at 16 Bennett Road built and last sold?
The property at 16 Bennett Road was built in 1981 and last sold on Aug 25, 2022 for $610,000.
How much is this home worth?
The estimated value of the home located at 16 Bennett Road is $635,422.
What are some comparable homes to 16 Bennett Road?
There are currently no comparable homes to 16 Bennett Road.
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