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Marblehead 01945
21 Reed St
Photo of 21 Reed St
Sold on Oct 22, 2025

1

Map

$1,250,000
● House - Off Market

21 Reed St

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,606 Ft²
$7,302
Est. Monthly
2.77%
Cap Rate

About This Property

Impeccably maintained 4-bedroom, 4-bath Colonial offering a perfect blend of comfort and convenience in a fantastic neighborhood! The inviting open floor plan features a sun-filled living room with fireplace and a beautiful kitchen with center island. There are 3 bedrooms and 2 full baths on the second floor, a first floor bedroom and a separate living area which could be used as an in-law suite or possible accessory dwelling unit. Enjoy outdoor living on the expansive hardscaped patio overlooking the private yard that directly abuts Robinson Farm Conservation Area with over 11 acres of woodland. A rare setting that combines natural beauty with proximity to downtown Marblehead's shops, dining, and theaters. Recent updates include roof and heating system for peace of mind. Truly move-in ready!
Unit Size
2,606 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$497
Property Type
House
Property Taxes
$943
HOA Dues
-
Year Built
1953

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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: 12 months ago (MLSPIN #73419769)

Price History

Date / Event Date Event Price
Oct 22, 2025 Sold
Premium
Sold
Sep 10, 2025 In contract -
In contract
Sep 5, 2025 Price Decreased $1,295,000
↓ $30K (2.3%)
Price Decreased
Aug 19, 2025 Listed by William Raveis R.E. & Home Services $1,325,000
Listed by William Raveis R.E. & Home Services
Sep 25, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,344
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,437
  • Total Building Area: 2,696
  • Gross Building Area: 4,783
  • Building Area: 2,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,696
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000286
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

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:0118 B:0007 L:0
  • Block: 7
  • Municipality: MARBLEHEAD
  • Latitude: 42.5026
  • Longitude: -70.8612

    Address

  • Full Address: 21 Reed St
  • Address - House Number: 21
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C040
  • 4-Digit Zip Code: 2353
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,031,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 1,177,419
  • High Value: 1,354,014
  • Low Value: 1,000,824

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,150,900
  • Assessed Land Value: $606,400
  • Assessed Improvements Value: $544,500

    Sales

  • Current Sale Recording Date: Sep 25, 1992
  • 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

$552

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2929 ft²

Average Home Age

96 years

Currently For Sale

41 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: 12 months ago
Data Source: MLS PIN, MLS# 73419769

Frequently Asked Questions

When was property at 21 Reed Street built and last sold?
The property at 21 Reed Street was built in 1953 and last sold on Jan 1, 1970 for $180,000.
How much is this home worth?
The estimated value of the home located at 21 Reed Street is $1,315,797.
What are some comparable homes to 21 Reed Street?
There are currently no comparable homes to 21 Reed Street.
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