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Marblehead 01945
26 Preston Beach Rd.
$712,000
● House - Off Market

26 Preston Beach Rd.

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,038 Ft²
$666,763
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Adorable two bedroom ranch at the end of a cul-de-sac, easy access to Preston Beach. Single level living, with a fabulous back yard deck. Excellent layout includes light-filled fireplaced living room, with nice flow through the dining room to the kitchen. The kitchen has an adjacent 3-season sun room. Two good sized bedrooms and a full bath complete the living area. There's an unfinished full basement and off street parking for 3 cars, including a one car garage. Property also abuts the Marblehead walking path which runs ~8 miles, and offers views of Ware Pond.  Also included are plans from the current owner that describe one approach to adding a second floor for expansion minded buyers.
Unit Size
1,038 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$558
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1949

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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: 5 years ago (MLSPIN #72832762)

Price History

Date / Event Date Event Price
Jun 29, 2021 Sold
Premium
Sold
May 17, 2021 Listed by Coldwell Banker Realty - Marblehead $579,000
Listed by Coldwell Banker Realty - Marblehead

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 904
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,090
  • Total Building Area: 1,038
  • Gross Building Area: 2,642
  • Building Area: 1,038
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,038
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • 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:0006 B:0026 L:0
  • Block: 26
  • Municipality: MARBLEHEAD
  • Latitude: 42.481
  • Longitude: -70.8827

    Address

  • Full Address: 26 Preston Beach Rd
  • Address - House Number: 26
  • Address - Street Name: Preston Beach
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C023
  • 4-Digit Zip Code: 1725
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $895,400

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 807,038
  • High Value: 945,237
  • Low Value: 668,839

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $999,300
  • Assessed Land Value: $807,900
  • Assessed Improvements Value: $191,400

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Jun 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 626722
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

$538

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2910 ft²

Average Home Age

90.7 years

Currently For Sale

36 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 years ago
Data Source: MLS PIN, MLS# 72832762

Frequently Asked Questions

When was property at 26 Preston Beach Road built and last sold?
The property at 26 Preston Beach Road was built in 1949 and last sold on Jun 29, 2021 for $712,000.
How much is this home worth?
The estimated value of the home located at 26 Preston Beach Road is $0.
What are some comparable homes to 26 Preston Beach Road?
There are currently no comparable homes to 26 Preston Beach Road.
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