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Marblehead 01945
27 Lee Street
Photo of 27 Lee Street
Sold on Dec 17, 2004

1

Map

$760,000
● House - Off Market

27 Lee Street

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,571 Ft²
$1,419,566
RealtyHop Estimate
84.60%
Since Jan 1, 2005
MA-Boston
Primary Model

About This Property

UNDER AGREEMENT SUBJECT TO SALE OF BUYERS HOME. THERE IS A 48-HOUR KICK-OUT CLAUSE. Charming 1720 Antique with harbor views from all three floors, a terraced garden hideaway with ivy covered walls and brick patios, and a garage. Inside, an updated kitchen and baths combine nicely with historic features-original woodwork and wide pine floors. Skylights brighten the bedrooms and the family room has a fireplace. Desirable neighborhood in the Historic District. SEE WALK LIVE MARBLEHEAD!
Unit Size
1,571 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$490
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1720

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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 #70062245)

Price History

Date / Event Date Event Price
Dec 17, 2004 Sold
Premium
Sold
Jul 12, 2004 Listed $769,000
Listed
Feb 19, 1999 Sold
Premium
Sold
Nov 21, 1998 Listed $359,900
Listed
Jun 14, 1996 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1720
  • Effective Year Built: 1720
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 1
  • 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: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,092
  • Total Building Area: 1,528
  • Gross Building Area: 2,236
  • Building Area: 1,528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,528
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND PREPARED LORANN LONG & PA
  • Land Acres: 0000000048
  • 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: CR

Geography

  • District: 168
  • Parcel: MARB M:0132 B:0019 L:0
  • Block: 19
  • Municipality: MARBLEHEAD
  • Latitude: 42.5019
  • Longitude: -70.8513

    Address

  • Full Address: 27 Lee St
  • Address - House Number: 27
  • 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: $1,061,100

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,046,231
  • High Value: 1,223,070
  • Low Value: 869,392

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,184,300
  • Assessed Land Value: $899,600
  • Assessed Improvements Value: $284,700

    Sales

  • Current Sale Recording Date: Dec 17, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 19, 1999
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: 27
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

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 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: 5 months ago
Data Source: MLS PIN, MLS# 70062245

Frequently Asked Questions

When was property at 27 Lee Street built and last sold?
The property at 27 Lee Street was built in 1720 and last sold on Jan 1, 1970 for $760,000.
How much is this home worth?
The estimated value of the home located at 27 Lee Street is $771,225.
What are some comparable homes to 27 Lee Street?
There are currently no comparable homes to 27 Lee Street.
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