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Marblehead 01945
240 Humphrey St
$430,000
● House - Off Market

240 Humphrey St

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,664 Ft²
$748,179
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

Equity Opportunity....This Charming Colonial is located in a convenient area of Marblehead. Turn this lovely home back into its original one family setup and create equity in Marblehead for yourself! Currently there are 1-2 bedrooms on the first floor and 3 bedrooms on the 2nd floor.The home is in good condition so you can do the work over time as you live in the house.   The property has a large driveway, two car garage, flat yard, and walk out wood deck. Located close to beach, playground, shopping in Vinnin Square, major routes, and public transportation. Get into the Town of Marblehead at a great price today!
Unit Size
2,664 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$160
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1908

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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: 5 months ago (MLSPIN #71762206)

Price History

Date / Event Date Event Price
Aug 14, 2020 Sold
Premium
Sold
May 4, 2015 Sold
Premium
Sold
Oct 27, 2014 Listed by RE/MAX Advantage Real Estate $425,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 1,324
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,188
  • Total Building Area: 2,664
  • Gross Building Area: 4,876
  • Building Area: 2,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,664
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • 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

Geography

  • District: 168
  • Parcel: MARB M:0004 B:0043 L:0
  • Block: 43
  • Municipality: MARBLEHEAD
  • Latitude: 42.4833
  • Longitude: -70.888

    Address

  • Full Address: 240 Humphrey St
  • Address - House Number: 240
  • Address - Street Name: Humphrey
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C022
  • 4-Digit Zip Code: 1640
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $652,200

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 841,315
  • High Value: 971,884
  • Low Value: 710,746

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $727,900
  • Assessed Land Value: $429,000
  • Assessed Improvements Value: $298,900

    Sales

  • Current Sale Contract Date: Aug 13, 2020
  • Current Sale Recording Date: Aug 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200814002030
  • Previous Sale Recording Date: May 04, 2015
  • Previous Sale Amount: $430,000
  • 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:

$960,000

Sale Price/ft²

$539

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2975 ft²

Average Home Age

93.1 years

Currently For Sale

37 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: 5 months ago
Data Source: MLS PIN, MLS# 71762206

Frequently Asked Questions

When was property at 240 Humphrey Street built and last sold?
The property at 240 Humphrey Street was built in 1908 and last sold on Aug 13, 2020 for $650,000.
How much is this home worth?
The estimated value of the home located at 240 Humphrey Street is $500,751.
What are some comparable homes to 240 Humphrey Street?
There are currently no comparable homes to 240 Humphrey Street.
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