$622,500
●
Condo -
Off Market
36 Intrepid #303
Marblehead, MA 01945
2 Beds
2 Baths
1,407 Ft²
$4,028
Est. Monthly
$519
HOA / Fees
3.38%
Cap Rate
About This Property
Desirable Marblehead Highlands Condominium! The single level unit
has had only one part-time owner. It faces south so it enjoys an
abundance of sunlight. Open living concept with the kitchen, dining
area and living room for today's preferred lifestyle.The living
room has a gas fireplace, built-in custom cabinets and access to
the deck. The kitchen has stainless steel appliances, granite
countertops and custom cabinetry as well as a bar area for seating.
Two bedrooms, two full bath's and large storage closet round out
the 1,407 sf of living space. The main bedroom is ensuite with a
double vanity, shower and soaking tub. Two car parking with one at
the main entrance. Large storage area in basement. Marblehead
Highlands is located near scenic Redd's Pond as well as being
within walking distance of the restaurants and shopping of Old
Town. Public Open houses are Saturday (11/18) and Sunday (11/19)
from 11:30 to 1:00pm with offers reviewed on Tuesday (11/21) at
2:00pm. By appointment.
Unit Size
1,407 Ft²
Days on Market
-
Land Size
-
Price per sqft
$444
Property Type
Condo
Property Taxes
$439
HOA Dues
$519
Year Built
-
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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: 3 years ago (MLSPIN #73180216)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 10, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2023 | In contract | - | |
| In contract | |||
| Nov 14, 2023 | Listed by Gibson Sotheby's International Realty | $625,000 | |
| Listed by Gibson Sotheby's International Realty | |||
Property Highlights
Parking Available
Elevator
Air Conditioning
Fireplace
Interior Details
Level: Third
Features: Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Gas Stove
Level: Third
Features: Flooring - Stone/Ceramic Tile
Level: Third
Features: Flooring - Hardwood, Cable Hookup
Features: Flooring - Hardwood, Open Floorplan
Level: Third
Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Third
Features: Walk-In Closet(s), Flooring - Hardwood, Cable Hookup
Level: Third
Level: Third
Features: Flooring - Hardwood, Balcony / Deck, Cable Hookup, Open Floorplan, Recessed Lighting
Features: Yes
Full Bathrooms: 2
Appliances: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Tile, Hardwood
Laundry Features: Washer Hookup, Third Floor, In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Assigned
Exterior Details
Entry Level: 3
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Marblehead Highlands
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Units: Acres
Zoning: U
Parcel Number: 4739446
Water Source: Public
Financial Details
Tax Map Number: 152
Tax Assessed Value: $527,000
Tax Annual Amount: $5,270
Utilities Details
Utilities: for Gas Range, for Gas Dryer, Washer Hookup
Cooling Type: Central Air, Unit Control
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Elevator(s), Fitness Center
Association Fee Frequency: Monthly
HOA Fee: $519
Community Features: Park, Walk/Jog Trails, Conservation Area
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site
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 |
|---|---|---|---|---|---|---|---|
|
08/20/2024
|
2 Bed
|
2 Bath
|
2000 ft²
|
$949,000
2 Bed
2 Bath
2000 ft²
|
-
-
|
Anne Foster
Glover Realty
| |
|
11/14/2023
|
2 Bed
|
2 Bath
|
1407 ft²
|
$625,000
2 Bed
2 Bath
1407 ft²
|
$622,500
-0.40%
01/10/2024
|
Daniel Devan
Sagan Harborside Sotheby's International Realty
| |
|
07/11/2023
|
2 Bed
|
2 Bath
|
2276 ft²
|
$659,000
2 Bed
2 Bath
2276 ft²
|
$777,000
+17.91%
08/21/2023
|
Haley Paster Scimone
Sagan Harborside Sotheby's International Realty
| |
|
02/21/2023
|
2 Bed
|
2 Bath
|
1284 ft²
|
$565,000
2 Bed
2 Bath
1284 ft²
|
$585,411
+3.61%
05/03/2023
|
Kimberly Dowling
Vylla Home
| |
|
09/12/2022
|
2 Bed
|
2 Bath
|
1278 ft²
|
$599,900
2 Bed
2 Bath
1278 ft²
|
$564,900
-5.83%
11/17/2022
|
Anna Senechal Rodgers
Lamacchia Realty, Inc.
| |
|
03/07/2021
|
2 Bed
|
2 Bath
|
1981 ft²
|
$599,900
2 Bed
2 Bath
1981 ft²
|
$620,000
+3.35%
04/23/2021
|
Claire Dembowski
RE/MAX 360
| |
|
06/18/2019
|
2 Bed
|
2 Bath
|
1295 ft²
|
$529,000
2 Bed
2 Bath
1295 ft²
|
$515,000
-2.65%
10/17/2019
|
Kristin King
Coldwell Banker Realty - Marblehead
| |
|
08/30/2010
|
2 Bed
|
2 Bath
|
1295 ft²
|
$389,000
2 Bed
2 Bath
1295 ft²
|
-
-
|
Daniel Devan
Sagan Harborside Sotheby's International Realty
| |
|
10/19/2008
|
2 Bed
|
2 Bath
|
1300 ft²
|
$399,000
2 Bed
2 Bath
1300 ft²
|
$380,000
-4.76%
12/01/2011
|
Rita Havens
Coldwell Banker Realty - Marblehead
| |
|
02/26/2008
|
2 Bed
|
2 Bath
|
1600 ft²
|
$439,000
2 Bed
2 Bath
1600 ft²
|
$425,000
-3.19%
08/29/2008
|
David Guide
Sagan Harborside Sotheby's International Realty
|
Building Info
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