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Marblehead 01945
35 Pitman Road
Photo of 35 Pitman Road
Sold on Jul 31, 2008

1

Map

$450,000
● House - Off Market

35 Pitman Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,929 Ft²
$903,022
RealtyHop Estimate
96.74%
Since Aug 1, 2008
MA-Boston
Primary Model

About This Property

Contemporary colonial with open concept, large sunken living room with wood burning stove, cathedral ceiling, fans and skylights. There is a large fenced lot with deck off the kitchen. Quiet location, this home has a 1 car attached garage, full basement, three bedrooms and 2.5 baths. This is close to the harbor, schools and recreation area. PRICE DRASTICALLY REDUCED to sell QUICKLY. Seller will consider any reasonable offers.
Unit Size
1,929 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$238
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1984

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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 #70706102)

Price History

Date / Event Date Event Price
Jul 31, 2008 Sold
Premium
Sold
Feb 1, 2008 Listed $459,000
Listed

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,208
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,100
  • Total Building Area: 1,961
  • Gross Building Area: 3,940
  • Building Area: 1,961
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 7
  • Heated Square Feet: 1,961
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000232
  • 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: 203302

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0155 B:0029 L:0
  • Block: 29
  • Municipality: MARBLEHEAD
  • Latitude: 42.5143
  • Longitude: -70.8621

    Address

  • Full Address: 35 Pitman Rd
  • Address - House Number: 35
  • Address - Street Name: Pitman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C003
  • 4-Digit Zip Code: 1433
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $764,300

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 848,823
  • High Value: 991,614
  • Low Value: 706,033

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $853,000
  • Assessed Land Value: $571,300
  • Assessed Improvements Value: $281,700

    Sales

  • Current Sale Recording Date: Jul 31, 2008
  • Current Sale Price:
    Premium
  • Current 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

$552

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2929 ft²

Average Home Age

96 years

Currently For Sale

41 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70706102

Frequently Asked Questions

When was property at 35 Pitman Road built and last sold?
The property at 35 Pitman Road was built in 1984 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 35 Pitman Road is $495,598.
What are some comparable homes to 35 Pitman Road?
There are currently no comparable homes to 35 Pitman Road.
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