Marblehead
34 Constitution Way #B
$389,900
●
Condo -
Off Market
34 Constitution Way #B
Marblehead, MA 01945
1 Bed
1 Bath
600 Ft²
$2,560
Est. Monthly
$401
HOA / Fees
4.15%
Cap Rate
About This Property
Fantastic sweeping harbor and ocean views directly from this
wonderfully appointed condominium. Kitchen is top of the line
everything. Gorgeous granite countertops, brand new stainless
steel appliances and extraordinary cabinetry. Serve your
friends while you watch the boats go out to the ocean from the
private dock. Bathroom is super attractive with marvelous
marble surround and great fixtures. Nothing to update in this
home; just move in and enjoy a million dollar view.
Unit Size
600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$650
Property Type
Condo
Property Taxes
$244
HOA Dues
$401
Year Built
-
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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: 2 years ago (MLSPIN #71005711)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 25, 2009 | Listed | $389,900 | |
| Listed | |||
| Jun 16, 2009 | Sold | ||
| Sold | |||
| Apr 28, 2009 | Listed by Sagan Harborside Sotheby's International Realty | $349,900 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| | |||
|
Unobstructed Harbor views from this 1st floor unit on Constitution Way. Gaze over the private beach to Marblehead Harbor and its ever-changing activities. A wonderful opportunity to be on the water in Glover Landing.
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Assigned, Common, Paved
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Rooms: 3
Basement: N
Exterior Details
Square Footage: 600
Year Built Source: Public Records
Year Built: 1971
Waterfront Features: Waterfront, Beach Front, Harbor, Dock/Mooring, Private, Direct Access, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Private)
Building Name: Glover Landing
Building Area Total: 600
Building Area Units: Square Feet
Window Features: Screens
Construction Materials: Frame
Lot Size Units: Acres
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $326,100
Tax Annual Amount: $2,932
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Gas, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat, Road Maintenance
HOA/Condo/Coop Amenities: Hot Water, Laundry, Beach Rights, Boat Dock, Storage, Clubroom, Garden Area
HOA Fee: $401
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/27/2022
|
2 Bed
|
1 Bath
|
1200 ft²
|
$795,000
2 Bed
1 Bath
1200 ft²
|
$750,000
-5.66%
12/19/2022
|
David Tamaren
The Realty Concierge
| |
|
05/14/2014
|
2 Bed
|
2 Bath
|
1200 ft²
|
$839,000
2 Bed
2 Bath
1200 ft²
|
$815,000
-2.86%
07/10/2014
|
Phyllis Levin
Sagan Harborside Sotheby's International Realty
| |
|
10/18/2010
|
2 Bed
|
1 Bath
|
1200 ft²
|
$749,900
2 Bed
1 Bath
1200 ft²
|
$690,000
-7.99%
06/10/2011
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
11/25/2009
|
1 Bed
|
1 Bath
|
600 ft²
|
$389,900
1 Bed
1 Bath
600 ft²
|
-
-
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
04/28/2009
|
1 Bed
|
1 Bath
|
600 ft²
|
$349,900
1 Bed
1 Bath
600 ft²
|
$330,000
-5.69%
06/16/2009
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
08/25/2005
|
2 Bed
|
2 Bath
|
1200 ft²
|
$759,000
2 Bed
2 Bath
1200 ft²
|
$750,000
-1.19%
01/12/2006
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
08/12/2000
|
2 Bed
|
2 Bath
|
1200 ft²
|
$425,000
2 Bed
2 Bath
1200 ft²
|
$420,000
-1.18%
10/06/2000
|
David Tamaren
The Realty Concierge
| |
|
06/27/1996
|
2 Bed
|
2 Bath
|
1200 ft²
|
$280,000
2 Bed
2 Bath
1200 ft²
|
$266,500
-4.82%
08/27/1996
|
Gloria Gutwirth
Coldwell Banker Residential Brokerage - Marblehead
|
Building Info
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