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Marblehead 01945
2 Sunset Road
$699,000
● House - Off Market

2 Sunset Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$1,108,764
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

2 Sunset Road is at the end of a quiet cul-de-sac perched atop a hill affording fantastic views of Salem Harbor.  As the name implies, your days end with a lovely sunset ranging from beautiful to spectacular.  The 3 bedroom, 2 bath home is part of the Ocean Park Civic League.  This Association enjoys a private beach, dock, ramp for launching floats and kayaks, picnic tables and a yearly calendar of social events. The living room and master bedroom both have a bay window to enjoy harbor views and incredible sunsets.  The country kitchen has access to a wonderful bricked patio and private, fenced yard.  Spend your days enjoying ocean breezes and water views from the front deck.  This is a must see home to appreciate all of its assets!
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$576
Property Type
House
Property Taxes
$457
HOA Dues
$8
Year Built
1942

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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: 5 months ago (MLSPIN #72363607)

Price History

Date / Event Date Event Price
Jul 3, 2023 Sold
Premium
Sold
Aug 27, 2018 Sold
Premium
Sold
Jul 17, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $749,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 676
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,438
  • Total Building Area: 1,300
  • Gross Building Area: 2,556
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN PARK
  • Land Acres: 0000000079
  • 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:0140 B:0025 L:0
  • Block: 25
  • Municipality: MARBLEHEAD
  • Latitude: 42.5108
  • Longitude: -70.8692

    Address

  • Full Address: 2 Sunset Rd
  • Address - House Number: 2
  • Address - Street Name: Sunset
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1425
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,021,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 892,510
  • High Value: 1,045,345
  • Low Value: 739,674

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,140,200
  • Assessed Land Value: $843,400
  • Assessed Improvements Value: $296,800

    Sales

  • Current Sale Contract Date: Jul 03, 2023
  • Current Sale Recording Date: Jul 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230703000950
  • Previous Sale Recording Date: Aug 27, 2018
  • Previous Sale Amount: $699,000
  • Previous Sale Document Type: O
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

$536

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3052 ft²

Average Home Age

86.1 years

Currently For Sale

36 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: 5 months ago
Data Source: MLS PIN, MLS# 72363607

Frequently Asked Questions

When was property at 2 Sunset Road built and last sold?
The property at 2 Sunset Road was built in 1942 and last sold on Jul 3, 2023 for $827,000.
How much is this home worth?
The estimated value of the home located at 2 Sunset Road is $753,367.
What are some comparable homes to 2 Sunset Road?
There are currently no comparable homes to 2 Sunset Road.
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