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Marblehead 01945
40 Crestwood Rd
$1,200,000
● House - Off Market

40 Crestwood Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,428 Ft²
$1,881,326
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

Waterfront! - Don't miss seeing this wonderful classic center entrance colonial overlooking Salem harbor - great views throughout.  The first floor has a large, fireplaced, living room, formal dining room, kitchen, plus a family room which opens to a large deck overlooking the water.  Upstairs there are four bedrooms, two full baths.  The lower level is above grade.  Enjoy watching movies and TV shows in the large media area, play pool, or enjoy the sun room - all open to a large outdoor area with an in-ground swimming pool.   There's a small kitchen area, a separate laundry and space for a home office as well in the lower level. Walk down to the water's edge and enjoy the beach, or take your kayak out.  Attached, 2-car garage has ample space for storage, plus additional storage in the attic.
Unit Size
3,428 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$372
Property Type
House
Property Taxes
$1,322
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72424581)

Price History

Date / Event Date Event Price
Feb 27, 2019 Sold
Premium
Sold
Nov 15, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $1,275,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Oct 23, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,472
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,300
  • Total Building Area: 3,428
  • Gross Building Area: 6,209
  • Building Area: 3,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000535
  • 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: SR

Geography

  • District: 168
  • Parcel: MARB M:0077 B:005D L:0
  • Block: 5D
  • Municipality: MARBLEHEAD
  • Latitude: 42.5008
  • Longitude: -70.8764

    Address

  • Full Address: 40 Crestwood Rd
  • Address - House Number: 40
  • Address - Street Name: Crestwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C019
  • 4-Digit Zip Code: 1230
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,024,400

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 2,126,419
  • High Value: 2,468,650
  • Low Value: 1,784,187

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,259,400
  • Assessed Land Value: $1,575,600
  • Assessed Improvements Value: $683,800

    Sales

  • Current Sale Contract Date: Feb 25, 2019
  • Current Sale Recording Date: Feb 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190227001180
  • Previous Sale Recording Date: Oct 23, 1995
  • Previous Sale Amount: $435,000
  • 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

$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.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72424581

Frequently Asked Questions

When was property at 40 Crestwood Road built and last sold?
The property at 40 Crestwood Road was built in 1970 and last sold on Feb 25, 2019 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 40 Crestwood Road is $1,315,360.
What are some comparable homes to 40 Crestwood Road?
There are currently no comparable homes to 40 Crestwood Road.
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