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Marblehead 01945
228 West Shore Drive
$555,000
● House - Off Market

228 West Shore Drive

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,156 Ft²
$1,138,641
RealtyHop Estimate
90.09%
Since Mar 1, 2014
MA-Boston
Primary Model

About This Property

MAJOR PRICE REDUCTION!!! Don't miss this fantastic opportunity to live in a custom built home in a great location at a great price! The house sits far back from the road on a very large lot! It has been extremely well maintained and loved by this original owner. Excellent condition inside and out!  Newer roof, windows,sky lights, heating, electric, etc. Washer and dryer on the second floor. Master bath. Central Vac.  Charming living room with fire place and custom built-ins, first floor office or den plus spacious family room with direct access to over sized one car garage. Large walkout basement with high ceilings.Spacious deck with easy access from the kitchen. Seller says the basement is dry and ready for the new buyer to finish! GREAT BUY!!
Unit Size
2,156 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$278
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
1987

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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: 4 months ago (MLSPIN #71588967)

Price History

Date / Event Date Event Price
Dec 22, 2020 Sold
Premium
Sold
Oct 29, 2020 Listed by Coldwell Banker Residential Brokerage - Marblehead $849,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Apr 21, 2017 Sold
Premium
Sold
Feb 21, 2014 Sold
Premium
Sold
Sep 26, 2013 Listed by Coldwell Banker Residential Brokerage - Marblehead $599,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,140
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,903
  • Total Building Area: 2,703
  • Gross Building Area: 4,257
  • Building Area: 2,703
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,703
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000595
  • 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:0005 L:0
  • Block: 5
  • Municipality: MARBLEHEAD
  • Latitude: 42.5066
  • Longitude: -70.8666

    Address

  • Full Address: 228 W Shore Dr
  • Address - House Number: 228
  • 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: $833,500

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,094,290
  • High Value: 1,264,962
  • Low Value: 923,617

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $930,200
  • Assessed Land Value: $660,400
  • Assessed Improvements Value: $269,800

    Sales

  • Current Sale Contract Date: Dec 19, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201222005250
  • Previous Sale Recording Date: Apr 21, 2017
  • Previous Sale Amount: $300,000
  • 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

$550

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71588967

Frequently Asked Questions

When was property at 228 West Shore Drive built and last sold?
The property at 228 West Shore Drive was built in 1987 and last sold on Dec 19, 2020 for $820,000.
How much is this home worth?
The estimated value of the home located at 228 West Shore Drive is $878,975.
What are some comparable homes to 228 West Shore Drive?
There are currently no comparable homes to 228 West Shore Drive.
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