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Marblehead 01945
2 Cypress Street
$637,000
● House - Off Market

2 Cypress Street

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,592 Ft²
$1,282,159
RealtyHop Estimate
90.09%
Since Mar 1, 2014
MA-Boston
Primary Model

About This Property

Don't miss the opportunity to own this 4/5 bedroom center entrance colonial - a delightful mix of traditional charm and detail combined with modern renovation.  Carpentry or painting has changed every room and the kitchen and two of the bathrooms have been renovated. The 1920's ceilings are in excess of 8 feet and the oversized windows (with new storm windows) let in a generous amount of sunlight.  Located on a corner lot close to the Glover School district. This home offers many amenities that should be seen.
Unit Size
2,592 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$260
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1929

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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 #71613308)

Price History

Date / Event Date Event Price
Feb 28, 2014 Sold
Premium
Sold
Dec 3, 2013 Listed by Coldwell Banker Residential Brokerage - Marblehead $674,500
Listed by Coldwell Banker Residential Brokerage - Marblehead
Jul 22, 2008 Sold
Premium
Sold
Jan 8, 2008 Listed by Coldwell Banker Residential Brokerage - Marblehead $599,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,134
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,500
  • Total Building Area: 2,592
  • Gross Building Area: 4,516
  • Building Area: 2,592
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,592
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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:0040 B:0016 L:0
  • Block: 16
  • Municipality: MARBLEHEAD
  • Latitude: 42.4908
  • Longitude: -70.8787

    Address

  • Full Address: 2 Cypress St
  • Address - House Number: 2
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C018
  • 4-Digit Zip Code: 1926
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $970,100

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,141,663
  • High Value: 1,337,238
  • Low Value: 946,088

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,082,700
  • Assessed Land Value: $588,400
  • Assessed Improvements Value: $494,300

    Sales

  • Current Sale Recording Date: Feb 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 745
  • Previous Sale Recording Date: Jul 22, 2008
  • Previous Sale Amount: $540,000
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71613308

Frequently Asked Questions

When was property at 2 Cypress Street built and last sold?
The property at 2 Cypress Street was built in 1929 and last sold on Jan 1, 1970 for $637,000.
How much is this home worth?
The estimated value of the home located at 2 Cypress Street is $674,859.
What are some comparable homes to 2 Cypress Street?
There are currently no comparable homes to 2 Cypress Street.
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