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Marblehead 01945
262 W Shore Dr
Photo of 262 W Shore Dr
Sold on Jul 13, 2026

1

Map

$665,000
● House - Off Market

262 W Shore Dr

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,444 Ft²
$3,443
Est. Monthly

About This Property

***OPEN HOUSES CANCELLED*** Presenting to market a single-family residence, constructed in 1950, located at 262 W Shore Dr, Marblehead, MA. This property encompasses 1444 square feet within a desirable coastal community and private association called the Ocean Park Civic League (OPCL $100/year). The OPCL has an amazing dock and hosts regular get-togethers.  This residence features three bedrooms, two on the first floor and one on the second floor, providing comfortable accommodations. Complementing the bedrooms are two full bathrooms. With a generous lot size of 7083 square feet, this property offers ample outdoor potential with mature plantings and raised beds for flowers and vegetables. We invite you to explore the possibilities and envision your future within this Marblehead diamond in the rough.
Unit Size
1,444 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$415
Property Type
House
Property Taxes
$501
HOA Dues
-
Year Built
1950

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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 #73527716)

Price History

Date / Event Date Event Price
Jul 13, 2026 Sold
Premium
Sold
Jun 5, 2026 In contract -
In contract
Jun 1, 2026 Listed by LPT Realty, LLC $599,000
Listed by LPT Realty, LLC
Feb 14, 2017 Sold
Premium
Sold
Nov 15, 2016 Listed by LPT Realty, LLC $425,000
Listed by LPT Realty, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 825
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,081
  • Total Building Area: 1,444
  • Gross Building Area: 2,523
  • Building Area: 1,444
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,444
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • 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: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0138 B:0010 L:0
  • Block: 10
  • Municipality: MARBLEHEAD
  • Latitude: 42.5083
  • Longitude: -70.8644

    Address

  • Full Address: 262 W Shore Dr
  • Address - House Number: 262
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1448
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $512,800

    Appraisal Valuation

  • Standard Deviation: 0.2048
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 692,896
  • High Value: 799,134
  • Low Value: 586,659

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $572,300
  • Assessed Land Value: $476,900
  • Assessed Improvements Value: $95,400

    Sales

  • Current Sale Recording Date: Feb 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 261
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

52

Average Home Size

2892 ft²

Average Home Age

88.1 years

Currently For Sale

35 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# 73527716

Frequently Asked Questions

When was property at 262 West Shore Drive built and last sold?
The property at 262 West Shore Drive was built in 1950 and last sold on Jan 1, 1970 for $425,000.
How much is this home worth?
The estimated value of the home located at 262 West Shore Drive is $604,110.
What are some comparable homes to 262 West Shore Drive?
There are currently no comparable homes to 262 West Shore Drive.
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