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Marblehead 01945
24 Amherst Road
$595,000
● House - Off Market

24 Amherst Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,758 Ft²
$995,346
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

This home, located on a corner lot at 24 Amherst Road, is very open and filled with natural light. Many improvements plus master suite and additions have been made (both inside and out) making this home very desirable for either a family, a couple, or a single occupant. In addition to the three bedrooms, there is a den/office/play room. The renovated kitchen opens to an entertainment sized dining room and is truly the center of activity in this home. The gardens and landscaping are        spectacular-filled with perennials, flowering shrubs and mature trees.
Unit Size
1,758 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$338
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1948

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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 #71970818)

Price History

Date / Event Date Event Price
Jun 3, 2016 Sold
Premium
Sold
Mar 11, 2016 Listed by Coldwell Banker Residential Brokerage - Marblehead $595,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Sep 12, 2013 Sold
Premium
Sold
May 17, 2013 Listed by Coldwell Banker Residential Brokerage - Marblehead $538,500
Listed by Coldwell Banker Residential Brokerage - Marblehead
Jul 31, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,447
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,898
  • Total Building Area: 1,770
  • Gross Building Area: 3,298
  • Building Area: 1,770
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,770
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000250
  • 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:0072 B:0019 L:0
  • Block: 19
  • Municipality: MARBLEHEAD
  • Latitude: 42.4949
  • Longitude: -70.8744

    Address

  • Full Address: 24 Amherst Rd
  • Address - House Number: 24
  • Address - Street Name: Amherst
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C042
  • 4-Digit Zip Code: 2164
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $745,500

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 945,628
  • High Value: 1,092,386
  • Low Value: 798,869

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $832,000
  • Assessed Land Value: $624,000
  • Assessed Improvements Value: $208,000

    Sales

  • Current Sale Recording Date: Jun 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 169
  • Previous Sale Recording Date: Sep 12, 2013
  • Previous Sale Amount: $530,000
  • 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

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71970818

Frequently Asked Questions

When was property at 24 Amherst Road built and last sold?
The property at 24 Amherst Road was built in 1948 and last sold on Jan 1, 1970 for $595,000.
How much is this home worth?
The estimated value of the home located at 24 Amherst Road is $623,089.
What are some comparable homes to 24 Amherst Road?
There are currently no comparable homes to 24 Amherst Road.
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