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Marblehead 01945
34 Old Salem Road
$490,000
● House - Off Market

34 Old Salem Road

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,060 Ft²
$822,343
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

This house offers spacious one level living near the Forest River Conservation Area. It's set on a generous corner lot, four bedrooms, family room, living room, two full baths (one with laundry hook up), two fireplaces, kitchen, and foyer. The basement offers an additional 500 sq. ft. of partially finished space, as well as a workroom and utility room(see living area disclosures). The house was built approximately 1954 and has been occupied by one family since original construction. There are five plus off street parking spots including a car port which can be used in warmer months as a covered patio. This is a wonderful space with a lot to offer. It's a true diamond in the rough waiting for your personal touch.
Unit Size
2,060 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$255
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1954

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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 #72122486)

Price History

Date / Event Date Event Price
Jun 1, 2017 Sold
Premium
Sold
Feb 23, 2017 Listed by William Raveis R.E. & Home Services $525,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,290
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,800
  • Total Building Area: 2,060
  • Gross Building Area: 3,742
  • Building Area: 2,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,060
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000271
  • 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:0034 B:0027 L:0
  • Block: 27
  • Municipality: MARBLEHEAD
  • Latitude: 42.4916
  • Longitude: -70.8846

    Address

  • Full Address: 34 Old Salem Rd
  • Address - House Number: 34
  • Address - Street Name: Old Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C027
  • 4-Digit Zip Code: 1153
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $647,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 900,869
  • High Value: 1,053,271
  • Low Value: 748,467

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $722,300
  • Assessed Land Value: $583,000
  • Assessed Improvements Value: $139,300

    Sales

  • Current Sale Recording Date: Jun 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 275
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

$536

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3052 ft²

Average Home Age

86.1 years

Currently For Sale

36 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# 72122486

Frequently Asked Questions

When was property at 34 Old Salem Road built and last sold?
The property at 34 Old Salem Road was built in 1954 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 34 Old Salem Road is $570,077.
What are some comparable homes to 34 Old Salem Road?
There are currently no comparable homes to 34 Old Salem Road.
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