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Marblehead 01945
40 Shetland Road
$750,000
● House - Off Market

40 Shetland Road

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,700 Ft²
$1,182,855
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Move-in-ready and situated in much sought after neighborhood in new Glover school district.  Completely updated 5+ bedroom home includes a spacious open kitchen, office, mudroom, and finished basement w/lots of additional storage.  Bright airy open floor plan, expansive deck, and lovely gardens.  Updates include new Anderson windows, new central air, new gas furnace, new hot water heater, new roof, updated kitchen and baths, new garage door, new outdoor shower, new fencing, new landscaping, and more!  Short walk to beach, playground, bike path, Glover school, and convenient for commuting and shopping.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$281
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1944

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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 #72205466)

Price History

Date / Event Date Event Price
Sep 28, 2017 Sold
Premium
Sold
Jul 28, 2017 Listed by Jeana Kahn Real Estate $759,000
Listed by Jeana Kahn Real Estate
Nov 30, 2010 Sold
Premium
Sold
Apr 15, 2010 Listed by Jeana Kahn Real Estate $499,900
Listed by Jeana Kahn Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,144
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,224
  • Total Building Area: 2,701
  • Gross Building Area: 4,382
  • Building Area: 2,701
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,701
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000166
  • 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:0031 B:0030 L:0
  • Block: 30
  • Municipality: MARBLEHEAD
  • Latitude: 42.4867
  • Longitude: -70.8785

    Address

  • Full Address: 40 Shetland Rd
  • Address - House Number: 40
  • Address - Street Name: Shetland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C020
  • 4-Digit Zip Code: 1824
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $932,500

    Appraisal Valuation

  • Standard Deviation: 0.2096
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,123,590
  • High Value: 1,359,154
  • Low Value: 888,026

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,040,700
  • Assessed Land Value: $564,800
  • Assessed Improvements Value: $475,900

    Sales

  • Current Sale Contract Date: Sep 25, 2017
  • Current Sale Recording Date: Sep 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 586565
  • Previous Sale Recording Date: Nov 30, 2010
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: 48
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72205466

Frequently Asked Questions

When was property at 40 Shetland Road built and last sold?
The property at 40 Shetland Road was built in 1944 and last sold on Sep 25, 2017 for $750,000.
How much is this home worth?
The estimated value of the home located at 40 Shetland Road is $756,374.
What are some comparable homes to 40 Shetland Road?
There are currently no comparable homes to 40 Shetland Road.
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