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Marblehead 01945
175 West Shore Drive
$288,000
● House - Off Market

175 West Shore Drive

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,157 Ft²
$729,910
RealtyHop Estimate
152.56%
Since Jul 1, 2001
MA-Boston
Primary Model

About This Property

ADORABLE 2+ BEDROOM, 1.5 BATH CAPE SET BACK ON 8066 SQUARE FOOT LOT . AMENITIES INCLUDE HARDWOOD FLOORS, HEATED UPPER AND LOWER LEVELS, MAHOGANY DECK, BRICK PATIO AND PERENNIAL GARDENS.
Unit Size
1,157 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$250
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1940

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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 years ago (MLSPIN #30492975)

Price History

Date / Event Date Event Price
Jun 25, 2001 Sold
Premium
Sold
Apr 8, 2001 Listed $289,000
Listed
Sep 30, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,066
  • Total Building Area: 2,125
  • Gross Building Area: 4,302
  • Building Area: 2,125
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,125
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THEODORE W HARDWICK
  • Land Acres: 0000000185
  • 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: SR

Geography

  • District: 168
  • Parcel: MARB M:0106 B:0035 L:0
  • Block: 35
  • Municipality: MARBLEHEAD
  • Latitude: 42.5031
  • Longitude: -70.8687

    Address

  • Full Address: 175 W Shore Dr
  • Address - House Number: 175
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C019
  • 4-Digit Zip Code: 1365
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $697,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 900,826
  • High Value: 1,043,116
  • Low Value: 758,537

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $778,900
  • Assessed Land Value: $490,400
  • Assessed Improvements Value: $288,500

    Sales

  • Current Sale Recording Date: Jun 25, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 30, 1998
  • Previous Sale Amount: $213,000
  • 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

$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 years ago
Data Source: MLS PIN, MLS# 30492975

Frequently Asked Questions

When was property at 175 West Shore Drive built and last sold?
The property at 175 West Shore Drive was built in 1940 and last sold on Jan 1, 1970 for $288,000.
How much is this home worth?
The estimated value of the home located at 175 West Shore Drive is $0.
What are some comparable homes to 175 West Shore Drive?
There are currently no comparable homes to 175 West Shore Drive.
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