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Marblehead 01945
2 Mitchell Lane #2
Photo of Unit 2 at 2 Mitchell Lane

1

Map

$489,000
● Condo - Off Market

2 Mitchell Lane #2

Middleton, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$10,935
Est. Monthly
$200
HOA / Fees

About This Property

GREAT NEW CONSTRUCTION! Unique, upscale Duplex / Townhouse To Be Built, private and scenic lot.  Located in one of Middleton's finest areas close to shopping and all major travel routes. Lovely design with open floor plan. Granite countertops, custom cabinets. LR, DR, Kitchen, 2 1/2 Baths, 3 Bedrooms, Office, Attic dormered, (option to finish attic) walk-out basement and deck. All exterior common, Exclusive use. SEPTEMBER 2011 OCCUPANCY. TWO CAR GARAGE / SEE ATTACHED PLANS.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
1.86 acres
Price per sqft
$196
Property Type
Condo
Property Taxes
$8,333
HOA Dues
$200
Year Built
1937

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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 #70895560)

Price History

Date / Event Date Event Price
Mar 31, 2009 Listed by Dooley and Mason Realty Group $489,000
Listed by Dooley and Mason Realty Group

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 6,318
  • Total Building Area: 2,041
  • Gross Building Area: 2,552
  • Building Area: 2,041
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,041
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TEDESOCO MANOR
  • Land Acres: 0000000145
  • 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:0034 B:0020 L:0
  • Block: 20
  • Municipality: MARBLEHEAD
  • Latitude: 42.491
  • Longitude: -70.8851

    Address

  • Full Address: 2 Mitchell Rd
  • Address - House Number: 2
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C027
  • 4-Digit Zip Code: 1130
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $604,600

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 936,071
  • High Value: 1,096,427
  • Low Value: 775,715

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $674,800
  • Assessed Land Value: $502,400
  • Assessed Improvements Value: $172,400

    Sales

  • Current Sale Recording Date: Oct 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181026001140
  • Previous Sale Recording Date: Jul 17, 2001
  • Previous Sale Amount: $385,000
  • 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

$547

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# 70895560

Frequently Asked Questions

When was property at 2 Mitchell Road built and last sold?
The property at 2 Mitchell Road was built in 1937 and last sold on Jan 1, 1970 for $679,000.
How much is this home worth?
The estimated value of the home located at 2 Mitchell Road is $855,828.
What are some comparable homes to 2 Mitchell Road?
There are currently no comparable homes to 2 Mitchell Road.
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