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Marblehead 01945
3 Merrill Road
$440,000
● House - Off Market

3 Merrill Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,913 Ft²
$926,854
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Romantic 3 bedroom Dutch Colonial on dead end street in desirable Clifton neighborhood.  Walk to Preston Beach. Lovely yard with irrigation system and established plantings, paver patio and 2-car garage. Additional half bath partially constructed on lower level (space framed, doors, Kohler fixtures and ejector kit purchased, concrete floor prepared for ejector kit installation).
Unit Size
1,913 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$233
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1925

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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 #71425178)

Price History

Date / Event Date Event Price
Oct 1, 2012 Sold
Premium
Sold
Aug 21, 2012 Listed by William Raveis R.E. & Home Services $445,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 904
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,649
  • Gross Building Area: 3,096
  • Building Area: 1,649
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,649
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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:0004 B:0051 L:0
  • Block: 51
  • Municipality: MARBLEHEAD
  • Latitude: 42.483
  • Longitude: -70.8871

    Address

  • Full Address: 3 Merrill Rd
  • Address - House Number: 3
  • Address - Street Name: Merrill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C022
  • 4-Digit Zip Code: 1754
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $888,800

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 871,136
  • High Value: 1,019,828
  • Low Value: 722,444

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $992,000
  • Assessed Land Value: $722,900
  • Assessed Improvements Value: $269,100

    Sales

  • Current Sale Recording Date: Oct 01, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000010
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

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2929 ft²

Average Home Age

95.1 years

Currently For Sale

38 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71425178

Frequently Asked Questions

When was property at 3 Merrill Road built and last sold?
The property at 3 Merrill Road was built in 1925 and last sold on Jan 1, 1970 for $440,000.
How much is this home worth?
The estimated value of the home located at 3 Merrill Road is $488,884.
What are some comparable homes to 3 Merrill Road?
There are currently no comparable homes to 3 Merrill Road.
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