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Marblehead 01945
248 Atlantic Avenue
$540,000
● House - Off Market

248 Atlantic Avenue

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,295 Ft²
$856,709
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Charming turnkey one level living home with private beach rights to Greystone beach. Many recent updates make this home very appealing.  Sun filled open living area with gas fireplace, wainscoting, hardwood floors and new paint throughout. Beautiful new kitchen with all new stainless appliances and gorgeous quartz counters. New full bath and 1/2 bath.  Three nice bedrooms tucked away from living area. Washer and dryer on 1st floor. Walk-up attic with lots of storage. New roof, windows, heating system and hot water tank. Newly painted exterior and 1 car electric eye garage under with direct access to house. Lovely yard with patio. Short stroll to downtown, easy access to Boston.
Unit Size
1,295 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$424
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1954

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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 #72161370)

Price History

Date / Event Date Event Price
Jul 17, 2017 Sold
Premium
Sold
May 9, 2017 Listed by Coldwell Banker Residential Brokerage - Marblehead $549,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Apr 29, 2016 Sold
Premium
Sold
Mar 8, 2016 Listed by Coldwell Banker Residential Brokerage - Marblehead $349,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 384
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,286
  • Total Building Area: 1,295
  • Gross Building Area: 3,855
  • Building Area: 1,295
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,295
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000167
  • 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:0048 B:0037 L:0
  • Block: 37
  • Municipality: MARBLEHEAD
  • Latitude: 42.4877
  • Longitude: -70.8666

    Address

  • Full Address: 248 Atlantic Ave
  • Address - House Number: 248
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2844
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $598,300

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 786,846
  • High Value: 921,150
  • Low Value: 652,541

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $667,700
  • Assessed Land Value: $492,000
  • Assessed Improvements Value: $175,700

    Sales

  • Current Sale Recording Date: Jul 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 188
  • Previous Sale Recording Date: Apr 29, 2016
  • Previous Sale Amount: $322,000
  • Previous Sale Document Type: 35
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

2886 ft²

Average Home Age

92.8 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# 72161370

Frequently Asked Questions

When was property at 248 Atlantic Avenue built and last sold?
The property at 248 Atlantic Avenue was built in 1954 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 248 Atlantic Avenue is $557,747.
What are some comparable homes to 248 Atlantic Avenue?
There are currently no comparable homes to 248 Atlantic Avenue.
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