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Marblehead 01945
2 Vassar Rd
$660,000
● House - Off Market

2 Vassar Rd

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,142 Ft²
$1,166,006
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

Amazing, high-end renovation of this picturesque Cape! Enjoy an easy lifestyle in this all  new 6-room, 2 Bedroom home with top quality finishes crafted by well respected Essex  Builders. Located in a very desirable area between Goldthwait and Greystone within  walking distance to town and the beach! Wonderful floor plan with gorgeous floors,  lighting and trim. All new gas fireplace, custom-designed kitchen with Wolf stove, granite  and stainless steel, 2 full baths, first floor laundry, finished family room in basement and  garage. Newly landscaped 12, 000 s.f. lot with cobblestone patio and fencing.
Unit Size
2,142 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$317
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1941

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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 #71952505)

Price History

Date / Event Date Event Price
Mar 15, 2016 Sold
Premium
Sold
Jan 26, 2016 Listed by RE/MAX Advantage Real Estate $679,900
Listed by RE/MAX Advantage Real Estate
May 21, 2013 Sold
Premium
Sold
Apr 11, 2013 Listed by RE/MAX Advantage Real Estate $349,900
Listed by RE/MAX Advantage Real Estate
Jul 11, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 952
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,120
  • Total Building Area: 2,142
  • Gross Building Area: 3,292
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,142
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000278
  • 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:0064 B:0011 L:0
  • Block: 11
  • Municipality: MARBLEHEAD
  • Latitude: 42.4891
  • Longitude: -70.8654

    Address

  • Full Address: 2 Vassar Rd
  • Address - House Number: 2
  • Address - Street Name: Vassar
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2815
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $640,000

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 924,880
  • High Value: 1,070,968
  • Low Value: 778,791

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $714,300
  • Assessed Land Value: $559,700
  • Assessed Improvements Value: $154,600

    Sales

  • Current Sale Recording Date: Mar 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 248
  • Previous Sale Recording Date: May 21, 2013
  • Previous Sale Amount: $405,000
  • 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:

$960,000

Sale Price/ft²

$539

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2975 ft²

Average Home Age

93.1 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71952505

Frequently Asked Questions

When was property at 2 Vassar Road built and last sold?
The property at 2 Vassar Road was built in 1941 and last sold on Jan 1, 1970 for $660,000.
How much is this home worth?
The estimated value of the home located at 2 Vassar Road is $707,942.
What are some comparable homes to 2 Vassar Road?
There are currently no comparable homes to 2 Vassar Road.
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