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Marblehead 01945
22 Reed Street
$430,000
● House - Off Market

22 Reed Street

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,528 Ft²
$809,439
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

Classic Marblehead Cape on a tranquil cul de sac in prime downtown location. Walk to restaurants, shops, movies, schools and Robinson Farm. This comfortable 3 bedroom, 2 bath home has been lovingly maintained by the same family for over 50 years and awaits your personal touches. A 1st floor bedroom and full bath provides an opportunity for single level living. Bright living room with hardwood floor and fireplace. Kitchen opens to sunny dining room and family room with wood stove. Kitchen tiles hand painted with Marblehead scenes and landmarks by local artist Em Marquis. Lovely yard with shed, koi pond and perennial gardens. 3 car off street parking.
Unit Size
1,528 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$301
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1950

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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 #71921639)

Price History

Date / Event Date Event Price
Jan 15, 2016 Sold
Premium
Sold
Oct 20, 2015 Listed by J. Barrett & Company $459,900
Listed by J. Barrett & Company

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,164
  • Total Building Area: 1,528
  • Gross Building Area: 2,696
  • Building Area: 1,528
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,528
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALLACE W HALEY
  • Land Acres: 0000000119
  • 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:0118 B:0001 L:0
  • Block: 1
  • Municipality: MARBLEHEAD
  • Latitude: 42.5024
  • Longitude: -70.8613

    Address

  • Full Address: 22 Reed St
  • Address - House Number: 22
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C040
  • 4-Digit Zip Code: 2318
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $557,600

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 755,573
  • High Value: 885,094
  • Low Value: 626,052

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $622,300
  • Assessed Land Value: $497,000
  • Assessed Improvements Value: $125,300

    Sales

  • Current Sale Recording Date: Jan 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 663
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

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2929 ft²

Average Home Age

95.1 years

Currently For Sale

38 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# 71921639

Frequently Asked Questions

When was property at 22 Reed Street built and last sold?
The property at 22 Reed Street was built in 1950 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 22 Reed Street is $489,329.
What are some comparable homes to 22 Reed Street?
There are currently no comparable homes to 22 Reed Street.
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