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Marblehead 01945
273 W Shore Dr
$618,000
● House - Off Market

273 W Shore Dr

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,614 Ft²
$914,020
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

Move right into this spacious, sun-filled home, perfect for families! Freshly painted deck and brick patio lead to private, gated-access to 5+ acre Bud Orne Park and playground. A short distance to schools, fields and Stramski Playground, one of Marblehead's public access points to Salem Harbor . The open-concept eat-in kitchen features a skylight, granite countertops and stainless appliances with access to the spacious rear deck and outside patio area. Living room offers fireplace, bay windows and overflow to office/dining room and covered porch. The recently-renovated lower level includes playroom/office space, full laundry room, generous first-floor guest room with full bath and storage. In the basement, you will also find the ultimate in convenience, with access to the garage. Don't miss this one!
Unit Size
2,614 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$244
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1967

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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: 4 months ago (MLSPIN #72583314)

Price History

Date / Event Date Event Price
Jan 2, 2020 Sold
Premium
Sold
Oct 22, 2019 Listed by William Raveis R.E. & Home Services $639,000
Listed by William Raveis R.E. & Home Services
Jun 19, 2009 Sold
Premium
Sold
May 3, 2009 Listed by William Raveis R.E. & Home Services $479,000
Listed by William Raveis R.E. & Home Services
May 24, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,606
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,165
  • Total Building Area: 2,614
  • Gross Building Area: 3,580
  • Building Area: 2,614
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,614
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000119
  • 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:044A L:0
  • Block: 44A
  • Municipality: MARBLEHEAD
  • Latitude: 42.5087
  • Longitude: -70.8634

    Address

  • Full Address: 273 W Shore Dr
  • Address - House Number: 273
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C029
  • 4-Digit Zip Code: 1428
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,900

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 811,334
  • High Value: 937,250
  • Low Value: 685,417

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $657,200
  • Assessed Land Value: $450,800
  • Assessed Improvements Value: $206,400

    Sales

  • Current Sale Contract Date: Dec 20, 2019
  • Current Sale Recording Date: Jan 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200102001300
  • Previous Sale Recording Date: Jun 19, 2009
  • Previous Sale Amount: $464,500
  • 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

$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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72583314

Frequently Asked Questions

When was property at 273 West Shore Drive built and last sold?
The property at 273 West Shore Drive was built in 1967 and last sold on Dec 20, 2019 for $618,000.
How much is this home worth?
The estimated value of the home located at 273 West Shore Drive is $683,104.
What are some comparable homes to 273 West Shore Drive?
There are currently no comparable homes to 273 West Shore Drive.
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