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Marion Center 02738
325 Front Street
$505,000
● House - Off Market

325 Front Street

Marion, MA 02738
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,854 Ft²
$562,697
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Wonderful opportunity to purchase this antique home just steps away from Marion's waterfront, Tabor Academy, Marion Village amenities and Route 6 businesses. This property is residentially and commercially zoned, sits on a spacious .65 acre private lot, and has views of Sippican Harbor from the back deck. One may choose to renovate and expand upon the current home or build new to suit their needs. Its location is ideal for both a private residence or small business.
Unit Size
1,854 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$297
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1850

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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 #72974638)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
May 2, 2022 Listed by Converse Company Real Estate $550,000
Listed by Converse Company Real Estate
Jan 31, 2022 Sold
Premium
Sold
May 15, 2020 Sold
Premium
Sold
Apr 1, 2020 Listed by Converse Company Real Estate $462,400
Listed by Converse Company Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 999
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,520
  • Total Building Area: 1,845
  • Gross Building Area: 3,300
  • Building Area: 1,845
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,854
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000655
  • Standard Land Use Code: 2044
  • County Land Use Code: 013

Neighborhood

  • School District Name: Marion School District
  • Census Tract: 561100

Zoning

  • Zoning: MB

Geography

  • Parcel: MARI M:0013 B:0005 L:0000
  • Block: 5
  • Municipality: MARION
  • Latitude: 41.7143
  • Longitude: -70.7681

    Address

  • Full Address: 325 Front St
  • Address - House Number: 325
  • Address - Street Name: Front
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marion
  • Carrier Code: R011
  • 4-Digit Zip Code: 1537
  • Zip Code: 02738

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $575,400

    Appraisal Valuation

  • Standard Deviation: 0.2472
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 556,065
  • High Value: 693,527
  • Low Value: 418,603

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $621,400
  • Assessed Land Value: $404,900
  • Assessed Improvements Value: $216,500

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 59236
  • Previous Sale Recording Date: Jan 31, 2022
  • Previous Sale Contract Date: Jan 31, 2022
  • Previous Sale Amount: $520,000
  • 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 Marion Center

Stats & Trends

Median Asking:

$1,495,000

Sale Price/ft²

$581

Above Asking

0.00%

Average Days on Market

42

Average Home Size

2540 ft²

Average Home Age

115 years

Currently For Sale

10 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# 72974638

Frequently Asked Questions

When was property at 325 Front Street built and last sold?
The property at 325 Front Street was built in 1850 and last sold on Jul 15, 2022 for $505,000.
How much is this home worth?
The estimated value of the home located at 325 Front Street is $564,120.
What are some comparable homes to 325 Front Street?
There are currently no comparable homes to 325 Front Street.
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