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Marblehead 01945
19 Lorraine Terrace
$663,000
● House - Off Market

19 Lorraine Terrace

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,605 Ft²
$925,517
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

It's a nice lifestyle you will have living here in this renovated 3 bedroom, 2.5 bath Colonial.   Enjoy well thought out living space with open concept Kitchen/Dining area adjoined to the first floor Family Room or relax by a warming fire in the welcoming front to back Living Room. Great exterior living space as well on the covered front porch and large new deck off the family room overlooking the spacious yard. The 2-car garage is right off the kitchen-the chore of grocery shopping made a little easier. All the bathrooms have been expertly renovated-including the fabulous master. Roomy closets in all bedrooms, plus storage in the 2 car garage, over the garage, and basement.  New windows, 200 Amp CB panel & hot water heater-but please see extensive list of improvements/renovations attached in Documents.
Unit Size
1,605 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$405
Property Type
House
Property Taxes
$521
HOA Dues
-
Year Built
1967

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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 #72553919)

Price History

Date / Event Date Event Price
Oct 17, 2019 Sold
Premium
Sold
Aug 27, 2019 Listed by RE/MAX Advantage Real Estate $649,900
Listed by RE/MAX Advantage Real Estate
Jan 9, 2014 Sold
Premium
Sold
Nov 8, 2013 Listed by RE/MAX Advantage Real Estate $479,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 682
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,350
  • Total Building Area: 1,605
  • Gross Building Area: 3,141
  • Building Area: 1,605
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,605
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REESA REALTY TRUST
  • Land Acres: 0000000169
  • 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:0105 B:0012 L:0
  • Block: 12
  • Municipality: MARBLEHEAD
  • Latitude: 42.5033
  • Longitude: -70.8702

    Address

  • Full Address: 19 Lorraine Ter
  • Address - House Number: 19
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C010
  • 4-Digit Zip Code: 1333
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $776,700

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 867,944
  • High Value: 1,016,091
  • Low Value: 719,796

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $866,900
  • Assessed Land Value: $616,100
  • Assessed Improvements Value: $250,800

    Sales

  • Current Sale Contract Date: Oct 15, 2019
  • Current Sale Recording Date: Oct 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191017001220
  • Previous Sale Recording Date: Jan 09, 2014
  • Previous Sale Amount: $445,000
  • Previous Sale Document Type: O
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:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 years

Currently For Sale

38 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# 72553919

Frequently Asked Questions

When was property at 19 Lorraine Terrace built and last sold?
The property at 19 Lorraine Terrace was built in 1967 and last sold on Oct 15, 2019 for $663,000.
How much is this home worth?
The estimated value of the home located at 19 Lorraine Terrace is $661,277.
What are some comparable homes to 19 Lorraine Terrace?
There are currently no comparable homes to 19 Lorraine Terrace.
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