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Marblehead 01945
2 Fort Sewall Terrace
Photo of 2 Fort Sewall Terrace
Sold on Jun 28, 2004

1

Map

$2,600,000
● House - Off Market

2 Fort Sewall Terrace

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,200 Ft²
$4,999,691
RealtyHop Estimate
88.67%
Since Jul 1, 2004
MA-Boston
Primary Model

About This Property

STUNNING VICTORIAN "HIGH COTTAGE" SET ON PRIVATE ROAD WITH DIRECT WATER ACCESS. SUNNY, SOUTH FACING HOME WITH MULTIPLE WATER VIEWS, CUSTOM KITCHEN, 3 FIREPLACES, LIGHT FILLED SUNPORCH, MAHOGANY DECK, EXTENSIVE LANDSCAPING, EASY WALK TO TOWN.
Unit Size
3,200 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$828
Property Type
House
Property Taxes
$1,380
HOA Dues
-
Year Built
1880

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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: 6 months ago (MLSPIN #70004126)

Price History

Date / Event Date Event Price
Jun 28, 2004 Sold
Premium
Sold
Mar 9, 2004 Listed $2,650,000
Listed
Feb 7, 1997 Sold
Premium
Sold
Apr 17, 1996 Listed $700,000
Listed

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,754
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,706
  • Total Building Area: 4,187
  • Gross Building Area: 6,793
  • Building Area: 4,187
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,187
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000223
  • 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: HIST

Geography

  • District: 168
  • Parcel: MARB M:0168 B:0002 L:0
  • Block: 2
  • Municipality: MARBLEHEAD
  • Latitude: 42.5088
  • Longitude: -70.8426

    Address

  • Full Address: 2 Fort Sewall Ter
  • Address - House Number: 2
  • Address - Street Name: Fort Sewall
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C001
  • 4-Digit Zip Code: 3505
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,371,000

    Appraisal Valuation

  • Standard Deviation: 0.1926
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 61
  • Final Value: 2,856,927
  • High Value: 3,407,258
  • Low Value: 2,306,595

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,762,300
  • Assessed Land Value: $1,794,600
  • Assessed Improvements Value: $1,967,700

    Sales

  • Current Sale Recording Date: Jun 28, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 07, 1997
  • Previous Sale Amount: $612,500
  • 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:

$999,950

Sale Price/ft²

$533

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2606 ft²

Average Home Age

93 years

Currently For Sale

37 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: 6 months ago
Data Source: MLS PIN, MLS# 70004126

Frequently Asked Questions

When was property at 2 Ft Sewall Terrace built and last sold?
The property at 2 Ft Sewall Terrace was built in 1880 and last sold on Jan 1, 1970 for $2,600,000.
How much is this home worth?
The estimated value of the home located at 2 Ft Sewall Terrace is $2,642,376.
What are some comparable homes to 2 Ft Sewall Terrace?
There are currently no comparable homes to 2 Ft Sewall Terrace.
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