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Marblehead 01945
2 Norman Street
Photo of 2 Norman Street
Sold on Aug 6, 2010

1

Map

$850,000
● House - Off Market

2 Norman Street

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
5,300 Ft²
$1,843,828
RealtyHop Estimate
104.87%
Since Sep 1, 2010
MA-Boston
Primary Model

About This Property

CUSTOM design,highest quality build.Cathedral skylighted great room. Recently completed work creates 3 distinct bedrooms with a possible 4th.Great views of Redd's Pond and model boat racers from interior and 36' tower.Peeks of the ocean.Nat'l gas aux. emergency generator.3 car 1100 s.f. heated garage.Central Air. CR zoning allows for residential and/or other creative usages.One level living.Great for residence,in-law, or professional office combination.Fantastic old Town location. MUST SEE PRICE
Unit Size
5,300 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$170
Property Type
House
Property Taxes
$847
HOA Dues
-
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (MLSPIN #71011355)

Price History

Date / Event Date Event Price
Aug 6, 2010 Sold
Premium
Sold
Dec 17, 2009 Listed $900,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 1
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,064
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,241
  • Total Building Area: 4,111
  • Gross Building Area: 6,397
  • Building Area: 4,111
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,111
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND MARBLEHEAD
  • Land Acres: 0000000396
  • 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: CR

Geography

  • District: 168
  • Parcel: MARB M:0163 B:0031 L:0
  • Block: 31
  • Municipality: MARBLEHEAD
  • Latitude: 42.5096
  • Longitude: -70.8489

    Address

  • Full Address: 2 Norman St
  • Address - House Number: 2
  • Address - Street Name: Norman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C002
  • 4-Digit Zip Code: 2612
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,287,000

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,751,612
  • High Value: 2,019,857
  • Low Value: 1,483,366

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,436,400
  • Assessed Land Value: $789,200
  • Assessed Improvements Value: $647,200

    Sales

  • Current Sale Recording Date: Aug 06, 2010
  • Current Sale Price:
    Premium
  • Current 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

$553

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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71011355

Frequently Asked Questions

When was property at 2 Norman Street built and last sold?
The property at 2 Norman Street was built in 1995 and last sold on Jan 1, 1970 for $850,000.
How much is this home worth?
The estimated value of the home located at 2 Norman Street is $0.
What are some comparable homes to 2 Norman Street?
There are currently no comparable homes to 2 Norman Street.
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