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Marblehead 01945
17 Pitman Rd
$510,000
● House - Off Market

17 Pitman Rd

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,883 Ft²
$812,135
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Great location - The current owner has lived very happily in this wonderful three bedroom cape for over forty years.  Good sized living areas - formal living and dining rooms, a kitchen and a family room on the first floor, plus a 3/4 bath.  There's a possibility to open the kitchen into the family room to create a wonderful space overlooking the large back yard (10,000+ sq. ft. lot).  There are three bedrooms and a full bath on the second floor.  The master adjoins a walk-in closet.  One of the bedrooms has access to the loft over the garage, providing good storage space.  The garage is attached to the house.  Large, unfinished basement.    Holding offers until Monday, September 3rd at noon.
Unit Size
1,883 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$292
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72385334)

Price History

Date / Event Date Event Price
Oct 26, 2018 Sold
Premium
Sold
Aug 28, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $549,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,132
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,350
  • Total Building Area: 2,668
  • Gross Building Area: 4,764
  • Building Area: 2,668
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,668
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000238
  • 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: 203302

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0154 B:0030 L:0
  • Block: 30
  • Municipality: MARBLEHEAD
  • Latitude: 42.5137
  • Longitude: -70.861

    Address

  • Full Address: 17 Pitman Rd
  • Address - House Number: 17
  • Address - Street Name: Pitman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C003
  • 4-Digit Zip Code: 1433
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $713,800

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 902,851
  • High Value: 1,042,970
  • Low Value: 762,731

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $796,600
  • Assessed Land Value: $575,000
  • Assessed Improvements Value: $221,600

    Sales

  • Current Sale Recording Date: Oct 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181026002540
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72385334

Frequently Asked Questions

When was property at 17 Pitman Road built and last sold?
The property at 17 Pitman Road was built in 1972 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 17 Pitman Road is $579,254.
What are some comparable homes to 17 Pitman Road?
There are currently no comparable homes to 17 Pitman Road.
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