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Marblehead 01945
198 W Shore Dr
$625,000
● House - Off Market

198 W Shore Dr

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$926,832
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Lovely 8 room, 4 Bedroom, 2 1/2 bath Colonial, located near beaches, restaurants, shopping, schools and parks! This quality constructed 2200 sq foot home features a beautifully updated kitchen, which is open to the dining room and sun room, and overlooks the lovely yard and wooded conservation land beyond. The inviting living room has a large bay window, hardwood floors and gas fireplace. There are 4 good size bedrooms. The large master offers a soaring cathedral ceiling, large walk-in closet and updated bath with double vanity.  Other features include a stunning new full bath, 1 car attached garage, AC, 5 burner gas stove, new 200 amp electric service, new hot water tank, new garage door and tons of storage! Enjoy this wonderful home while being only a sidewalk stroll away from all that Marblehead has to offer!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$284
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1944

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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 #72299074)

Price History

Date / Event Date Event Price
May 11, 2018 Sold
Premium
Sold
Mar 26, 2018 Listed by J. Barrett & Company $625,000
Listed by J. Barrett & Company
Jul 30, 1996 Sold
Premium
Sold
Mar 4, 1996 Listed by J. Barrett & Company $269,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • 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: 5
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,400
  • Total Building Area: 2,014
  • Gross Building Area: 2,754
  • Building Area: 2,014
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,014
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0120 B:0007 L:0
  • Block: 7
  • Municipality: MARBLEHEAD
  • Latitude: 42.5049
  • Longitude: -70.8678

    Address

  • Full Address: 198 W Shore Dr
  • Address - House Number: 198
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1325
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $723,300

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 881,837
  • High Value: 1,018,695
  • Low Value: 744,979

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $807,300
  • Assessed Land Value: $481,300
  • Assessed Improvements Value: $326,000

    Sales

  • Current Sale Recording Date: May 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180511001870
  • Previous Sale Recording Date: Jul 30, 1996
  • Previous Sale Amount: $260,000
  • 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:

$992,000

Sale Price/ft²

$549

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 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# 72299074

Frequently Asked Questions

When was property at 198 West Shore Drive built and last sold?
The property at 198 West Shore Drive was built in 1944 and last sold on Jan 1, 1970 for $625,000.
How much is this home worth?
The estimated value of the home located at 198 West Shore Drive is $650,232.
What are some comparable homes to 198 West Shore Drive?
There are currently no comparable homes to 198 West Shore Drive.
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