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Marblehead 01945
22 Buchanan Road
Photo of 22 Buchanan Road
Sold on Jun 29, 2006

1

Map

$762,500
● House - Off Market

22 Buchanan Road

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$1,438,775
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

NEWLY REPRICED ($75K REDUCTION)AND WE BELIEVE THE BEST VALUE ON THE MARKET. THERE IS THE POTENTIAL FOR THE TENNIS COURT OR POOL THAT YOU'VE ALWAYS WANTED, OR JUST ENJOY MOTHER NATURE'S SUPREME GIFT OF ABOUT A HALF ACRE OF PRIVATE MANICURED, EASILY MANTAINED GROUNDS WITH A TIMED IRRIGATION SYSTEM, AND WITHIN A SHORT WALKING DISTANCE TO THE BEACH. There is hardwood flooring under all carpeted areas. This property is in pristine condition as is, but also has excellent expansion/upgrade potential
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$363
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1963

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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 #70252879)

Price History

Date / Event Date Event Price
Jun 29, 2006 Sold
Premium
Sold
Sep 6, 2005 Listed $799,000
Listed

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,100
  • Total Building Area: 2,796
  • Gross Building Area: 4,049
  • Building Area: 2,796
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,796
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • 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:0063 B:0022 L:0
  • Block: 22
  • Municipality: MARBLEHEAD
  • Latitude: 42.4895
  • Longitude: -70.8664

    Address

  • Full Address: 22 Buchanan Rd
  • Address - House Number: 22
  • Address - Street Name: Buchanan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2026
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,017,300

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,219,565
  • High Value: 1,425,702
  • Low Value: 1,013,429

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,135,400
  • Assessed Land Value: $772,100
  • Assessed Improvements Value: $363,300

    Sales

  • Current Sale Recording Date: May 31, 2011
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 29, 2006
  • Previous Sale Amount: $762,500
  • 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

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70252879

Frequently Asked Questions

When was property at 22 Buchanan Road built and last sold?
The property at 22 Buchanan Road was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 22 Buchanan Road is $827,830.
What are some comparable homes to 22 Buchanan Road?
There are currently no comparable homes to 22 Buchanan Road.
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