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Marblehead 01945
17 Homestead Rd
$679,000
● House - Off Market

17 Homestead Rd

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,988 Ft²
$1,005,327
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Gracious home (with garage) has lots of charm in the highly desirable Clifton/Glover School neighborhood. Set on a tree lined street, this 1930 era homes has all of the modern updates; first floor mudroom, spacious kitchen that opens to the dining area and sliders to the fenced-in yard. This location has it all - close proximity to schools, nature trails, shopping and the beach. See it for yourself!
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$342
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1930

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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 #72340765)

Price History

Date / Event Date Event Price
Jul 30, 2018 Sold
Premium
Sold
Jun 6, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $679,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,080
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 2,096
  • Gross Building Area: 3,590
  • Building Area: 2,096
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,096
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TEDESCO PARK
  • Land Acres: 0000000138
  • 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:0033 B:0062 L:0
  • Block: 62
  • Municipality: MARBLEHEAD
  • Latitude: 42.4898
  • Longitude: -70.8816

    Address

  • Full Address: 17 Homestead Rd
  • Address - House Number: 17
  • Address - Street Name: Homestead
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C018
  • 4-Digit Zip Code: 1144
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $855,500

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 905,395
  • High Value: 1,063,502
  • Low Value: 747,289

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $954,800
  • Assessed Land Value: $533,300
  • Assessed Improvements Value: $421,500

    Sales

  • Current Sale Recording Date: Jul 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180730004560
  • Previous Sale Recording Date: Aug 10, 2016
  • 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

$552

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72340765

Frequently Asked Questions

When was property at 17 Homestead Road built and last sold?
The property at 17 Homestead Road was built in 1930 and last sold on Jan 1, 1970 for $679,000.
How much is this home worth?
The estimated value of the home located at 17 Homestead Road is $709,306.
What are some comparable homes to 17 Homestead Road?
There are currently no comparable homes to 17 Homestead Road.
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