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Marblehead 01945
17 Foster Street
Photo of 17 Foster Street
Sold on Oct 22, 2010

1

Map

$2,325,000
● House - Off Market

17 Foster Street

Marblehead, MA 01945
bedrooms
6 Beds
bathrooms
4 Baths
square feet
3,714 Ft²
$5,763,371
RealtyHop Estimate
109.58%
Since Nov 1, 2010
MA-Boston
Primary Model

About This Property

Situated high on a hill affording seasonal views of the harbor, this magnificent property is truly a diamond in the rough.  Built in 1913 on over 73,000 sq. ft. of harbor-facing land, this home offers plenty of privacy along with a fabulous Marblehead Neck location, just steps from the EYC. Renovate to your taste or build the new home of your dreams. Survey plans were commissioned to show how the land could potentially be subdivided into 2 buildable lots. Buyer to perform own due diligence.
Unit Size
3,714 Ft²
Days on Market
-
Land Size
1.68 acres
Price per sqft
$740
Property Type
House
Property Taxes
$1,925
HOA Dues
-
Year Built
1913

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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: 2 years ago (MLSPIN #71114930)

Price History

Date / Event Date Event Price
May 3, 2016 Sold
Premium
Sold
Oct 22, 2010 Sold
Premium
Sold
Jul 27, 2010 Listed by RE/MAX Advantage Real Estate $2,750,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,448
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,292
  • Total Building Area: 5,096
  • Gross Building Area: 7,716
  • Building Area: 5,096
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,096
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREYSTONE HEIGHTS
  • Land Acres: 0000000902
  • 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: LSR

Geography

  • District: 168
  • Parcel: MARB M:0908 B:0017 L:0
  • Block: 17
  • Municipality: MARBLEHEAD
  • Latitude: 42.4963
  • Longitude: -70.8431

    Address

  • Full Address: 17 Foster St
  • Address - House Number: 17
  • Address - Street Name: Foster
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C011
  • 4-Digit Zip Code: 3601
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,786,500

    Appraisal Valuation

  • Standard Deviation: 0.1881
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 2,706,602
  • High Value: 3,046,082
  • Low Value: 2,367,123

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,109,900
  • Assessed Land Value: $2,378,500
  • Assessed Improvements Value: $731,400

    Sales

  • Current Sale Recording Date: May 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 368
  • Previous Sale Recording Date: Oct 22, 2010
  • Previous Sale Amount: $1,475,000
  • 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:

$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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71114930

Frequently Asked Questions

When was property at 17 Foster Street built and last sold?
The property at 17 Foster Street was built in 1913 and last sold on Jan 1, 1970 for $875,000.
How much is this home worth?
The estimated value of the home located at 17 Foster Street is $0.
What are some comparable homes to 17 Foster Street?
There are currently no comparable homes to 17 Foster Street.
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