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Marblehead 01945
224 W Shore Dr
$740,000
● House - Off Market

224 W Shore Dr

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,780 Ft²
$1,178,572
RealtyHop Estimate
56.10%
Since Nov 1, 2017
MA-Boston
Primary Model

About This Property

Four bedroom stunning expanded cape/colonial boasts a rich Chefs Kitchen with custom cabinetry, tumbled marble back-splash, granite counter tops, center island, and stainless steel appliances. Sun drenched open floor plan complimented by generous ceiling height and oversize skylights. Spacious first floor master suite with access to a private deck. Expanded mudroom includes laundry, half bath and access to attached two car garage. A stones throw to schools, town, bike paths, and beaches. This is IT!!
Unit Size
2,780 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$272
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
1987

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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 #72136786)

Price History

Date / Event Date Event Price
Oct 16, 2017 Sold
Premium
Sold
Mar 28, 2017 Listed by William Raveis R.E. & Home Services $755,000
Listed by William Raveis R.E. & Home Services
May 15, 2013 Sold
Premium
Sold
Feb 4, 2013 Listed by William Raveis R.E. & Home Services $699,000
Listed by William Raveis R.E. & Home Services
Aug 3, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,568
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,274
  • Total Building Area: 2,780
  • Gross Building Area: 5,888
  • Building Area: 2,780
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,780
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000603
  • 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:0124 B:005A L:0
  • Block: 5A
  • Municipality: MARBLEHEAD
  • Latitude: 42.5065
  • Longitude: -70.867

    Address

  • Full Address: 224 W Shore Dr
  • Address - House Number: 224
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1322
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,072,600

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,257,536
  • High Value: 1,456,170
  • Low Value: 1,058,903

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,197,100
  • Assessed Land Value: $665,000
  • Assessed Improvements Value: $532,100

    Sales

  • Current Sale Recording Date: Oct 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 19
  • Current Sale Input Document Number: 399
  • Previous Sale Recording Date: May 15, 2013
  • Previous Sale Amount: $693,000
  • 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

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72136786

Frequently Asked Questions

When was property at 224 West Shore Drive built and last sold?
The property at 224 West Shore Drive was built in 1987 and last sold on Jan 1, 1970 for $740,000.
How much is this home worth?
The estimated value of the home located at 224 West Shore Drive is $803,208.
What are some comparable homes to 224 West Shore Drive?
There are currently no comparable homes to 224 West Shore Drive.
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