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Marblehead 01945
3 Madison Road
Photo of 3 Madison Road
Sold on Jul 28, 2005

1

Map

$699,125
● House - Off Market

3 Madison Road

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,044 Ft²
$1,196,575
RealtyHop Estimate
76.23%
Since Aug 1, 2005
MA-Boston
Primary Model

About This Property

Here is your opportunity to live in one of Marblehead's most desirable locations & family neighborhoods.  A beautiful, private beach is only 200 steps away.  The five bedrooms, sunroom,and familyroom provide for both family togetherness and sanctuary. In warm weather, you'lll have the choice of relaxing in your backyard, with its oversized deck, or, heading to the beach to swim, sun, or socialize. One could say, "once you get home,there is no need to go anywhere else, because, you are THERE!
Unit Size
2,044 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$332
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1950

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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 #70189149)

Price History

Date / Event Date Event Price
Jul 28, 2005 Sold
Premium
Sold
Apr 26, 2005 Listed $679,000
Listed
Feb 18, 2000 Sold
Premium
Sold
Jan 3, 2000 Listed $489,900
Listed
EXCLLUSIVE AND DESIRABLE GREYSTONE BEACH AREA - TRULY A MOVE IN CONDITION GARRISON WITH UP TO 5 BEDROOMS, UDATED KITCHEN AND BATHROOMS, GREAT YARD WITH AWNING COVERED OVERSIZED DECK.WONDERFUL NEIGHBORHOOD WITH DEEDED PRIVATE BEACH!!!!!

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 1
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,224
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,200
  • Total Building Area: 2,840
  • Gross Building Area: 5,159
  • Building Area: 2,840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,840
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREYSTONE BEACH
  • Land Acres: 0000000142
  • 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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0047 B:0009 L:0
  • Block: 9
  • Municipality: MARBLEHEAD
  • Latitude: 42.4863
  • Longitude: -70.8668

    Address

  • Full Address: 3 Madison Rd
  • Address - House Number: 3
  • Address - Street Name: Madison
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2832
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,277,100

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,219,962
  • High Value: 1,426,166
  • Low Value: 1,013,758

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,425,300
  • Assessed Land Value: $810,600
  • Assessed Improvements Value: $614,700

    Sales

  • Current Sale Recording Date: May 19, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 141
  • Previous Sale Recording Date: Jul 28, 2005
  • Previous Sale Amount: $699,125
  • 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:

$992,000

Sale Price/ft²

$549

Below Asking

0.01%

Average Days on Market

55

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# 70189149

Frequently Asked Questions

When was property at 3 Madison Road built and last sold?
The property at 3 Madison Road was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Madison Road is $687,699.
What are some comparable homes to 3 Madison Road?
There are currently no comparable homes to 3 Madison Road.
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