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Marblehead 01945
29/31 Norman Street
Photo of 29/31 Norman Street
Sold on May 31, 2011

1

Map

$460,000
● House - Off Market

29/31 Norman Street

Marblehead, MA 01945
bedrooms
1 Bed
bathrooms
1 Bath
square feet
842 Ft²
$1,013,553
RealtyHop Estimate
107.27%
Since Jun 1, 2011
MA-Boston
Primary Model

About This Property

Build your dream home or expand upon the existing cottage on this 24,437 s.f. lot abutting Redd's Pond. Potential water views of the pond and ocean depending upon site of the home on the property. Walk to Grace Oliver's Beach and Old Town. Enjoy Redd's Pond watching the ducks, model sailboat racing and winter ice skating. Non-conforming lot will require zoning board approval.
Unit Size
842 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$581
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1920

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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 #71198776)

Price History

Date / Event Date Event Price
May 31, 2011 Sold
Premium
Sold
Mar 10, 2011 Listed by William Raveis R.E. & Home Services $489,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 842
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,008
  • Total Building Area: 842
  • Gross Building Area: 1,684
  • Building Area: 842
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 842
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARBARA HAWKES
  • Land Acres: 0000000115
  • 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: 203302

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0170 B:0010 L:0
  • Block: 10
  • Municipality: MARBLEHEAD
  • Latitude: 42.5112
  • Longitude: -70.8481

    Address

  • Full Address: 29 Norman St
  • Address - House Number: 29
  • Address - Street Name: Norman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C003
  • 4-Digit Zip Code: 2672
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $735,100

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 844,959
  • High Value: 976,864
  • Low Value: 713,055

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $820,400
  • Assessed Land Value: $747,700
  • Assessed Improvements Value: $72,700

    Sales

  • Current Sale Recording Date: May 31, 2011
  • Current Sale Price:
    Premium
  • 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:

$960,000

Sale Price/ft²

$539

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2975 ft²

Average Home Age

93.1 years

Currently For Sale

37 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# 71198776

Frequently Asked Questions

When was property at 29 Norman Street built and last sold?
The property at 29 Norman Street was built in 1920 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 29 Norman Street is $497,829.
What are some comparable homes to 29 Norman Street?
There are currently no comparable homes to 29 Norman Street.
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