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Marblehead 01945
4 Old Salem Road
$815,000
● House - Off Market

4 Old Salem Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,815 Ft²
$862,812
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Classic  7 room 3 bedroom 1 1/2 bath 1930 colonial with period details, new 200 amp electrical system.  2 car garage deck sliding door off kitchen to a private patio. There is a full basement that can be finished and a walk-up attic with plenty of storage space. Property is in the Glover School District and very close to the Bell School project and High School. Insulated windows and storm doors make this a very Quiet home. Fireplaced living room and dining room with built ins along with office on 1st floor.
Unit Size
1,815 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$418
Property Type
House
Property Taxes
$557
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #72860741)

Price History

Date / Event Date Event Price
Aug 27, 2021 Sold
Premium
Sold
Jul 6, 2021 Listed by Compass $759,000
Listed by Compass

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 784
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,815
  • Gross Building Area: 3,824
  • Building Area: 1,815
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,815
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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:0039 B:0013 L:0
  • Block: 13
  • Municipality: MARBLEHEAD
  • Latitude: 42.492
  • Longitude: -70.8824

    Address

  • Full Address: 4 Old Salem Rd
  • Address - House Number: 4
  • Address - Street Name: Old Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C027
  • 4-Digit Zip Code: 1151
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $705,300

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 931,797
  • High Value: 1,091,359
  • Low Value: 772,234

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $787,200
  • Assessed Land Value: $497,700
  • Assessed Improvements Value: $289,500

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210827003870
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:

$950,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2930 ft²

Average Home Age

93.8 years

Currently For Sale

39 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 years ago
Data Source: MLS PIN, MLS# 72860741

Frequently Asked Questions

When was property at 4 Old Salem Road built and last sold?
The property at 4 Old Salem Road was built in 1930 and last sold on Aug 27, 2021 for $815,000.
How much is this home worth?
The estimated value of the home located at 4 Old Salem Road is $0.
What are some comparable homes to 4 Old Salem Road?
There are currently no comparable homes to 4 Old Salem Road.
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