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Marblehead 01945
25 Lee Street
$891,000
● Multifamily - Off Market

25 Lee Street

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,173 Ft²
$1,836,602
RealtyHop Estimate
97.70%
Since May 1, 2013
MA-Boston
Primary Model

About This Property

Antique in the heart of Old Town. Sweeping views of Marblehead harbor and lighthouse. Major improvements and restoration include kitchen, baths, windows, heat, HW and so much more. This home is a legal 2 family which offers income, au-paire, inlaw or private guest suite potential(currently rented at $1,100/mo). Wide pine floors, four working fireplaces,three decks,manicured gardens with a commanding view of Abbott Hall...history abounds. Garage. AC.
Unit Size
3,173 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$293
Property Type
Multifamily
Property Taxes
$744
HOA Dues
-
Year Built
1763

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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 #71447615)

Price History

Date / Event Date Event Price
Apr 1, 2013 Sold
Premium
Sold
Oct 15, 2012 Listed by Sagan Agency REALTORS® $929,000
Listed by Sagan Agency REALTORS®
Oct 30, 2006 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1763
  • Effective Year Built: 1763
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,508
  • Total Building Area: 2,523
  • Gross Building Area: 3,461
  • Building Area: 2,523
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,523
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000081
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Marblehead School District
  • School Tax School District: MARBLEHEAD SD
  • Census Tract: 203301

Zoning

  • Zoning: CR

Geography

  • District: 168
  • Parcel: MARB M:0132 B:0020 L:0
  • Block: 20
  • Municipality: MARBLEHEAD
  • Latitude: 42.502
  • Longitude: -70.8512

    Address

  • Full Address: 25 Lee St
  • Address - House Number: 25
  • Address - Street Name: Lee
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C005
  • 4-Digit Zip Code: 3214
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,294,400

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 1,263,208
  • High Value: 1,483,856
  • Low Value: 1,042,559

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,444,600
  • Assessed Land Value: $944,100
  • Assessed Improvements Value: $500,500

    Sales

  • Current Sale Recording Date: Apr 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 541053
  • Previous Sale Recording Date: Oct 30, 2006
  • Previous Sale Amount: $907,000
  • Previous Sale Document Type: 48
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

$553

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# 71447615

Frequently Asked Questions

When was property at 25 Lee Street built and last sold?
The property at 25 Lee Street was built in 1763 and last sold on Jan 1, 1970 for $891,000.
How much is this home worth?
The estimated value of the home located at 25 Lee Street is $992,056.
What are some comparable homes to 25 Lee Street?
There are currently no comparable homes to 25 Lee Street.
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