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Marblehead 01945
316 Atlantic Avenue
$321,500
● House - Off Market

316 Atlantic Avenue

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath
square feet
920 Ft²
$705,616
RealtyHop Estimate
108.15%
Since Dec 1, 2012
MA-Boston
Primary Model

About This Property

Five room ranch in Clifton Heights area.  Two bedroom, new bath and stainless/granite kitchen. Home has been extensively renovated with gleaming hardwood floors and insulated windows.  One car garage with door opener and interior access to the property.  This property has new electric, plumbing, heating system, central air.  Enhanced by new stone walls and located on very large lot (12,937 square feet), great for possible future expansion. Beach Rights
Unit Size
920 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$368
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1952

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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 #71379801)

Price History

Date / Event Date Event Price
Nov 9, 2012 Sold
Premium
Sold
May 8, 2012 Listed by Coldwell Banker Residential Brokerage - Marblehead $339,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Nov 7, 2011 Sold
Premium
Sold
Mar 27, 2011 Listed by Coldwell Banker Residential Brokerage - Marblehead $250,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 786
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,935
  • Total Building Area: 920
  • Gross Building Area: 1,706
  • Building Area: 920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 920
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000297
  • 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:0045 B:0016 L:0
  • Block: 16
  • Municipality: MARBLEHEAD
  • Latitude: 42.4855
  • Longitude: -70.8704

    Address

  • Full Address: 316 Atlantic Ave
  • Address - House Number: 316
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C017
  • 4-Digit Zip Code: 2730
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $591,700

    Appraisal Valuation

  • Standard Deviation: 0.1561
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 772,691
  • High Value: 893,314
  • Low Value: 652,068

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $660,400
  • Assessed Land Value: $571,100
  • Assessed Improvements Value: $89,300

    Sales

  • Current Sale Recording Date: Nov 09, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Nov 07, 2011
  • Previous Sale Amount: $215,000
  • 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:

$995,000

Sale Price/ft²

$550

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71379801

Frequently Asked Questions

When was property at 316 Atlantic Avenue built and last sold?
The property at 316 Atlantic Avenue was built in 1952 and last sold on Jan 1, 1970 for $321,500.
How much is this home worth?
The estimated value of the home located at 316 Atlantic Avenue is $346,389.
What are some comparable homes to 316 Atlantic Avenue?
There are currently no comparable homes to 316 Atlantic Avenue.
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