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Marblehead 01945
34 Chestnut St
$578,500
● House - Off Market

34 Chestnut St

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,553 Ft²
$1,006,881
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Live in the shipyard area's most beautiful street, just steps away from the harbor. Well-maintained two or three bedroom house with open floor plan living-dining area with fireplace. The owner's bedroom also features a wood-burning fireplace. Updated electrical and heating and cooling. New wall-to-wall carpeting on the third floor. A new roof. Fresh landscaping. Two car garage -- heated. Well-maintained enclosed yard with storage shed, Just a short walk to the harbor to launch your kayak or canoe -- or small boat from a pull mooring. A great house for a couple.
Unit Size
1,553 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$373
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1980

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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 #71872725)

Price History

Date / Event Date Event Price
Sep 30, 2015 Sold
Premium
Sold
Jul 14, 2015 Listed by Lake Real Estate $579,000
Listed by Lake Real Estate
Oct 30, 1996 Sold
Premium
Sold
Oct 1, 1996 Listed $249,900
Listed
CONTEMPORARY COLONIAL HALF BLOCK FROM HARBOR IN DOWNTOWN LO- CATION. NEW KITCHEN, OPEN FLOORPLAN, SKYLIGHT IN UPSTAIRS HALL, FIREPLACE IN MASTER AND LIVINGROOM, NEAR SHOPS, RESTAURANTS AND HARBOR.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 774
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,261
  • Total Building Area: 1,553
  • Gross Building Area: 2,304
  • Building Area: 1,553
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,553
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000098
  • 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: 203200

Zoning

  • Zoning: GR

Geography

  • District: 168
  • Parcel: MARB M:0111 B:017A L:0
  • Block: 17A
  • Municipality: MARBLEHEAD
  • Latitude: 42.4964
  • Longitude: -70.8553

    Address

  • Full Address: 34 Chestnut St
  • Address - House Number: 34
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C041
  • 4-Digit Zip Code: 3004
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $903,900

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 929,604
  • High Value: 1,074,590
  • Low Value: 784,617

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,008,800
  • Assessed Land Value: $747,500
  • Assessed Improvements Value: $261,300

    Sales

  • Current Sale Recording Date: Sep 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 495
  • Previous Sale Recording Date: Dec 11, 2013
  • 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

$553

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# 71872725

Frequently Asked Questions

When was property at 34 Chestnut Street built and last sold?
The property at 34 Chestnut Street was built in 1980 and last sold on Jan 1, 1970 for $578,500.
How much is this home worth?
The estimated value of the home located at 34 Chestnut Street is $599,884.
What are some comparable homes to 34 Chestnut Street?
There are currently no comparable homes to 34 Chestnut Street.
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