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Marblehead 01945
289 West Shore Drive
$630,000
● House - Off Market

289 West Shore Drive

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,872 Ft²
$3,966
Est. Monthly

About This Property

HUGE PRICE ADJUSTMENT. This spacious 4 bedroom Colonial presents an opportunity to make it your own, whether through immediate updates or gradual enhancements over time. With its spacious layout, desirable amenities, and prime location, this home invites you to embark on a journey of homeownership and create a haven tailored to your unique vision and lifestyle. Welcoming ambiance, highlighted by a fireplaced living room that sets the tone for memorable moments, a family room that seamlessly connects to open kitchen/dining area along with a convenient den and a 1st home office. A rare opportunity at this price point--4 bedrooms all on the 2nd floor!  Outside, a pleasant yard awaits, offering a tranquil retreat for outdoor activities or simply basking in the beauty of nature on the deck.
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$363
Property Type
House
Property Taxes
$627
HOA Dues
-
Year Built
1986

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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 #73238729)

Price History

Date / Event Date Event Price
Jul 30, 2024 Sold
Premium
Sold
Jun 28, 2024 In contract -
In contract
Jun 21, 2024 Price Decreased $680,000
↓ $45K (6.2%)
Price Decreased
May 24, 2024 Price Increased $725,000
↑ $45K (6.6%)
Price Increased
May 15, 2024 Listed by William Raveis R.E. & Home Services $680,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,885
  • Total Building Area: 1,856
  • Gross Building Area: 3,586
  • Building Area: 1,856
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,856
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • 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:0021 L:0
  • Block: 21
  • Municipality: MARBLEHEAD
  • Latitude: 42.5097
  • Longitude: -70.8625

    Address

  • Full Address: 289 W Shore Dr
  • Address - House Number: 289
  • Street Direction: W
  • Address - Street Name: Shore
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C029
  • 4-Digit Zip Code: 1452
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $752,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 851,114
  • High Value: 985,551
  • Low Value: 716,677

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $839,500
  • Assessed Land Value: $487,900
  • Assessed Improvements Value: $351,600

    Sales

  • Current Sale Recording Date: Apr 06, 2012
  • Current 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

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# 73238729

Frequently Asked Questions

When was property at 289 West Shore Drive built and last sold?
The property at 289 West Shore Drive was built in 1986 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 289 West Shore Drive is $706,642.
What are some comparable homes to 289 West Shore Drive?
There are currently no comparable homes to 289 West Shore Drive.
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