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Marblehead 01945
291 West Shore Drive
$480,000
● House - Off Market

291 West Shore Drive

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$745,299
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Perfect opportunity for a turn-key starter home, downsize, or even an Airbnb. This wonderful updated three-bedroom Cape, checks all the boxes. Bright and sunny dining room with French door option, leading into the kitchen. Kitchen has been tastefully updated with center island, stainless steel appliances, and Corian counter tops. Cozy living room with exterior access to an over sized deck and large fully fenced back yard. The first floor has one bedroom and one full bath. The second floor has two additional bedrooms and renovated full bath. Newer windows, professional masonry work, new hot water heater, and gleaming hardwood floors. Terrific location close to downtown, Bud Orne Playground, and Coffin School.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$349
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1958

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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 #72393101)

Price History

Date / Event Date Event Price
Dec 21, 2018 Sold
Premium
Sold
Sep 11, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $499,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
May 31, 2016 Sold
Premium
Sold
Mar 1, 2016 Listed by Coldwell Banker Residential Brokerage - Marblehead $465,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Nov 26, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,690
  • Total Building Area: 1,428
  • Gross Building Area: 2,704
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000131
  • 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:0143 B:0023 L:0
  • Block: 23
  • Municipality: MARBLEHEAD
  • Latitude: 42.5098
  • Longitude: -70.8624

    Address

  • Full Address: 291 W Shore Dr
  • Address - House Number: 291
  • 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: $532,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 713,564
  • High Value: 835,884
  • Low Value: 591,244

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,100
  • Assessed Land Value: $457,900
  • Assessed Improvements Value: $136,200

    Sales

  • Current Sale Contract Date: Dec 01, 2018
  • Current Sale Recording Date: Dec 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181221001000
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Amount: $463,000
  • Previous Sale Document Type: O
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

$553

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72393101

Frequently Asked Questions

When was property at 291 West Shore Drive built and last sold?
The property at 291 West Shore Drive was built in 1958 and last sold on Dec 1, 2018 for $480,000.
How much is this home worth?
The estimated value of the home located at 291 West Shore Drive is $521,573.
What are some comparable homes to 291 West Shore Drive?
There are currently no comparable homes to 291 West Shore Drive.
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