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Marblehead 01945
40 Chestnut
$760,000
● House - Off Market

40 Chestnut

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,346 Ft²
$1,649,151
RealtyHop Estimate
106.40%
Since Oct 1, 2012
MA-Boston
Primary Model

About This Property

Shipyard area of Marblehead. Steps to harbor, town shops, and restaurants. Custom designed Colonial featuring unbelievable light and high cathedral ceilings, open floor plan and welcoming feeling.  Kitchen has granite counters, new appliances, and opens to a fireplaced family room with access to deck and private yards. This home also includes a foyer with cathedral ceiling, first floor den or office, and lower level family room.
Unit Size
2,346 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$341
Property Type
House
Property Taxes
$700
HOA Dues
-
Year Built
1989

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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 #71407457)

Price History

Date / Event Date Event Price
Sep 14, 2012 Sold
Premium
Sold
Jul 10, 2012 Listed by Coldwell Banker Residential Brokerage - Marblehead $799,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Apr 5, 1989 Sold
Premium
Sold

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 874
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,000
  • Total Building Area: 2,178
  • Gross Building Area: 5,199
  • Building Area: 2,178
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,178
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MESSRS RUSSELL & FABENS
  • Land Acres: 0000000207
  • 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: 203200

Zoning

  • Zoning: GR

Geography

  • District: 168
  • Parcel: MARB M:0112 B:0025 L:0
  • Block: 25
  • Municipality: MARBLEHEAD
  • Latitude: 42.4963
  • Longitude: -70.8551

    Address

  • Full Address: 40 Chestnut St
  • Address - House Number: 40
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C041
  • 4-Digit Zip Code: 3004
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,386,600

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,424,752
  • High Value: 1,646,965
  • Low Value: 1,202,539

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,547,500
  • Assessed Land Value: $903,000
  • Assessed Improvements Value: $644,500

    Sales

  • Current Sale Recording Date: Sep 14, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Apr 05, 1989
  • Previous Sale Amount: $140,000
  • Previous 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

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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: 4 months ago
Data Source: MLS PIN, MLS# 71407457

Frequently Asked Questions

When was property at 40 Chestnut Street built and last sold?
The property at 40 Chestnut Street was built in 1989 and last sold on Jan 1, 1970 for $760,000.
How much is this home worth?
The estimated value of the home located at 40 Chestnut Street is $836,393.
What are some comparable homes to 40 Chestnut Street?
There are currently no comparable homes to 40 Chestnut Street.
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