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Marblehead 01945
16 Turner Road
$599,000
● House - Off Market

16 Turner Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,642 Ft²
$599,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Well located in the inviting West Shore Drive area of Marblehead this 6 room, 3 bedroom, 2 bath Cape offers lots of potential for the savvy buyer. Formal living room with fireplace and hard wood floors, dining room with hard wood floors, bedroom,  full bath and kitchen along with a great  all season, heated sunroom are located on the main level. The second level has two large bedrooms and a full bath.  There is a deck overlooking the back yard and the property abuts conservation land.  Sitting on approx 11,860 sq ft of level yard that is perfect for family and friends to gather. This home is truly a diamond in the rough waiting for the right buyer to make it shine again
Unit Size
1,642 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$365
Property Type
House
Property Taxes
$611
HOA Dues
-
Year Built
1955

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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 #73161073)

Price History

Date / Event Date Event Price
Nov 28, 2023 Sold
Premium
Sold
Oct 17, 2023 In contract -
In contract
Sep 19, 2023 Listed by MerryFox Realty $599,900
Listed by MerryFox Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 998
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,860
  • Total Building Area: 1,642
  • Gross Building Area: 3,206
  • Building Area: 1,642
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,642
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000272
  • 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:0137 B:0043 L:0
  • Block: 43
  • Municipality: MARBLEHEAD
  • Latitude: 42.5077
  • Longitude: -70.8601

    Address

  • Full Address: 16 Turner Rd
  • Address - House Number: 16
  • Address - Street Name: Turner
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C029
  • 4-Digit Zip Code: 2442
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $668,200

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 778,891
  • High Value: 920,619
  • Low Value: 637,162

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $745,800
  • Assessed Land Value: $597,700
  • Assessed Improvements Value: $148,100

    Sales

  • Current Sale Contract Date: Nov 28, 2023
  • Current Sale Recording Date: Nov 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231128001870
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

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73161073

Frequently Asked Questions

When was property at 16 Turner Road built and last sold?
The property at 16 Turner Road was built in 1955 and last sold on Nov 28, 2023 for $599,000.
How much is this home worth?
The estimated value of the home located at 16 Turner Road is $627,782.
What are some comparable homes to 16 Turner Road?
There are currently no comparable homes to 16 Turner Road.
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