$199,000
●
Condo -
Off Market
3 Circle #1
Marblehead, MA 01945
2 Beds
1 Bath,
1
Half Bath
839 Ft²
$1,420
Est. Monthly
$200
HOA / Fees
13.09%
Cap Rate
About This Property
In the heart of Old Town. Walk to Beach,shops and Restaurants.
Direct Ocean Views!! Hardwood floors, Roof , Heating Systems
and Electric are from 2004. Witness beautiful sunrises right
from your Living room. Unit needs some work, but potential is
unlimited. Open House , Monday July 19 th, from 3:00 pm
to 4:30 pm
Unit Size
839 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$237
Property Type
Condo
Property Taxes
$243
HOA Dues
$200
Year Built
1900
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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: 10 months ago (MLSPIN #71110511)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2014 | Sold | ||
| Sold | |||
| May 13, 2014 | Listed by Coldwell Banker Realty - Marblehead | $319,900 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
| | |||
|
Ocean View! Enjoy the sunrise over Marblehead Harbor from the comfort of your own beautifully updated antique condo. Located in the heart of this historic district and only a stones throw to Fort Beach, this condo is brimming with antique details like exposed beams, hardwood floors, and large 6 over 6 windows (a few of which look out over the ocean). It also has wonderful modern conveniences like an updated kitchen, 1 and a half updated bathrooms, and fantastic mud room/office. A million dollar view for a fraction of the price!
| |||
| Oct 31, 2011 | Sold | ||
| Sold | |||
| Jun 14, 2011 | Listed by Sagan Harborside Sotheby's International Realty | $182,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| | |||
|
Great 2 bedroom condo with direct ocean views from the living room.. Property is eligible under sellers First Look period for Owner Occupants and NSP buyers expire June 29,2011 " Close by October 31, 2011 and receive up to 3.5% of the final sales price to be used for closing cost assistance " See Firm Remarks for Special Offers & more details, or ask me. Eligibility restrictions apply."Highest and best offers by Monday June 20th at 5PM
| |||
| Jul 16, 2010 | Listed by Cordano Realty | $199,000 | |
| Listed by Cordano Realty | |||
Show More
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street
Open Parking Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Oven, Dishwasher, Disposal
Flooring Type: Wood, Tile
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 839
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Waterfront, Ocean, Public, Harbor, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Area Total: 839
Building Area Units: Square Feet
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 3136
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $304,500
Tax Annual Amount: $2,914
Utilities Details
Cooling Type: None
Heating Type: Forced Air
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
HOA/Condo/Coop Amenities: Laundry
HOA Fee: $200
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/23/2024
|
1 Bed
|
1 Bath
|
693 ft²
|
$429,000
1 Bed
1 Bath
693 ft²
|
$462,000
+7.69%
08/30/2024
|
Margaret Donnelly Maher
Escalate Real Estate
| |
|
05/10/2022
|
1 Bed
|
1 Bath
|
693 ft²
|
$399,000
1 Bed
1 Bath
693 ft²
|
$399,000
08/19/2022
|
Margaret Donnelly Maher
Escalate Real Estate
| |
|
09/03/2019
|
2 Bed
|
1 Bath
|
750 ft²
|
$425,000
2 Bed
1 Bath
750 ft²
|
$425,000
10/10/2019
|
Cynthia Kilbarger
RE/MAX 360
| |
|
08/06/2019
|
1 Bed
|
1 Bath
|
693 ft²
|
$335,000
1 Bed
1 Bath
693 ft²
|
$328,888
-1.82%
09/18/2019
|
Deborah Noble
Coldwell Banker Residential Brokerage - Marblehead
| |
|
05/13/2014
|
2 Bed
|
2 Bath
|
839 ft²
|
$319,900
2 Bed
2 Bath
839 ft²
|
$305,000
-4.66%
07/15/2014
|
Krista Finigan
Coldwell Banker Realty - Marblehead
| |
|
06/14/2011
|
2 Bed
|
2 Bath
|
839 ft²
|
$182,000
2 Bed
2 Bath
839 ft²
|
$225,000
+23.63%
10/31/2011
|
Mindy Reichman
Tache Real Estate, Inc.
| |
|
07/16/2010
|
2 Bed
|
1 Bath
|
839 ft²
|
$199,000
2 Bed
1 Bath
839 ft²
|
-
-
|
Pedro Cordano
Century 21 North East
| |
|
01/31/2005
|
2 Bed
|
1 Bath
|
800 ft²
|
$359,900
2 Bed
1 Bath
800 ft²
|
$359,900
05/20/2005
|
Siobhan Phelan
Coldwell Banker Realty - Marblehead
| |
|
04/28/2004
|
1 Bed
|
1 Bath
|
600 ft²
|
$269,000
1 Bed
1 Bath
600 ft²
|
$255,000
-5.20%
12/01/2004
|
Robin Duquette
Coldwell Banker Residential Brokerage - Swampscott
| |
|
04/28/2004
|
2 Bed
|
1 Bath
|
800 ft²
|
$349,000
2 Bed
1 Bath
800 ft²
|
$330,000
-5.44%
08/16/2004
|
Robin Duquette
Coldwell Banker Residential Brokerage - Swampscott
| |
|
04/28/2004
|
2 Bed
|
2 Bath
|
890 ft²
|
$349,000
2 Bed
2 Bath
890 ft²
|
$342,500
-1.86%
08/17/2004
|
Robin Duquette
Coldwell Banker Residential Brokerage - Swampscott
| |
|
03/02/1999
| |
5 Bed
|
-
|
3000 ft²
|
$379,000
5 Bed
-
3000 ft²
|
$360,000
-5.01%
08/10/2000
|
Raysa Bonow
Sagan Agency REALTORS®
|
Building Info
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