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Marblehead 01945
17 Pilgrim Rd
$745,000
● House - Off Market

17 Pilgrim Rd

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,105 Ft²
$803,190
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Don't miss this incredible opportunity to be the second owner of this solid colonial built in 1925. Curb appeal, a level 12,000+ square foot lot, a classic floorpan, original period details and plenty of charm make this home worth your efforts! Bring your ideas and create the home of your dreams! Three floors of living space include 5 bedrooms, 2 bathrooms, kitchen, dining room, living room and a finished side porch. Wood floors, a classic fireplace and period details will maintain this home's charm and enhance your renovation. Back on market due to an encroachment which has been rectified.
Unit Size
2,105 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$356
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1925

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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 #73020574)

Price History

Date / Event Date Event Price
Nov 30, 2022 Sold
Premium
Sold
Oct 24, 2022 In contract -
In contract
Oct 19, 2022 Relisted $749,000
Relisted
Oct 17, 2022 Delisted -
Delisted
Aug 3, 2022 Listed by Coldwell Banker Realty - Marblehead $749,000
Listed by Coldwell Banker Realty - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,118
  • Total Building Area: 2,106
  • Gross Building Area: 3,345
  • Building Area: 2,106
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,106
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000278
  • 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:0004 B:0028 L:0
  • Block: 28
  • Municipality: MARBLEHEAD
  • Latitude: 42.4824
  • Longitude: -70.8871

    Address

  • Full Address: 17 Pilgrim Rd
  • Address - House Number: 17
  • Address - Street Name: Pilgrim
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C022
  • 4-Digit Zip Code: 1710
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,036,100

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 549,512
  • High Value: 593,631
  • Low Value: 505,393

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,156,400
  • Assessed Land Value: $853,500
  • Assessed Improvements Value: $302,900

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221130000520
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73020574

Frequently Asked Questions

When was property at 17 Pilgrim Road built and last sold?
The property at 17 Pilgrim Road was built in 1925 and last sold on Nov 30, 2022 for $745,000.
How much is this home worth?
The estimated value of the home located at 17 Pilgrim Road is $757,689.
What are some comparable homes to 17 Pilgrim Road?
There are currently no comparable homes to 17 Pilgrim Road.
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