Marblehead
40 Wharf Path #40
$725,000
●
Condo -
Off Market
40 Wharf Path #40
Marblehead, MA 01945
2 Beds
2 Baths,
1
Half Bath
1,200 Ft²
$1,366,034
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model
About This Property
One of the top locations at Glover Landing. Direct harborfront 2
bedroom townhouse, 1 1/2 updated baths, with in-unit laundry.
Living Room and Master Bedroom have floor to ceiling windows
overlooking Marblehead Harbor & Marblehead Neck. Recently
refinished rich, hardwood floors, Pella windows throughout, newer
washer/dryer in unit remains. Kitchen remodeled w/ stainless steel
appliances & granite countertops, opens to Living/Dining area with
Harbor views. Spacious private deck to enjoy beautiful sunrises &
moon shining on the harbor. One car parking just outside your
private entry, additional parking and/or garage available. In-unit
attic storage, additional storage space included. Association sandy
beach, dock, dinghy ring, clubhouse, kayak and bike storage. Short
walk to town, shops, and restaurants.Well run Condominium with
onsite management.Condo fee includes heat, hot water, w&s, snow
removal, landscaping, master insurance, trash and recycling removal
and terminating assessment
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$625
Property Type
Condo
Property Taxes
$548
HOA Dues
$793
Year Built
1971
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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 years ago (MLSPIN #71768970)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2014 | Sold | ||
| Sold | |||
| Nov 14, 2014 | Listed by William Raveis R.E. & Home Services | $749,900 | |
| Listed by William Raveis R.E. & Home Services | |||
| Jun 1, 2005 | Sold | ||
| Sold | |||
| Mar 1, 2005 | Listed | $829,000 | |
| Listed | |||
 | |||
|
Direct Oceanfront on Marblehead Harbor - Best Located Unit of All- Unobstructed Views This warm and lovely condo offers an updated kitchen, Hardwood flooring on first level, A fireplace in the living room and an EXTRAORDINARY view. This unit has it all. Deeded parking, Central Air, private beach and dock, A walk to downtown and shopping area. A terrific unit
| |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: Main
Width: 7
Length: 10
Features: Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Remodeled, Stainless Steel Appliances
Area: 70
Level: Second
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: Second
Features: Cathedral Ceiling(s), Flooring - Hardwood
Width: 14
Length: 14
Area: 196
Width: 14
Features: Flooring - Hardwood, Open Floorplan, Recessed Lighting
Length: 10
Level: Main
Area: 140
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First
Length: 14
Level: Main
Area: 196
Features: Flooring - Hardwood, Balcony / Deck, French Doors, Cable Hookup, Open Floorplan, Recessed Lighting
Width: 14
Features: Walk-In Closet(s), Flooring - Hardwood, Window(s) - Picture
Level: Second
Length: 12
Width: 14
Area: 168
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer/Dryer, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Flooring Type: Tile, Hardwood
Laundry Features: Laundry Closet, Second Floor, In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Off Street, Assigned, Guest
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Glover Landing
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Deck - Composite
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: SCR
Parcel Number: 2025042
Water Source: Public
Financial Details
Tax Map Number: 131
Tax Assessed Value: $592,900
Tax Annual Amount: $6,575
Utilities Details
Utilities: for Electric Range, for Electric Oven
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry, Clubroom, Beach Rights, Boat Dock, Storage, Garden Area
Association Fee Frequency: Monthly
HOA Fee: $793
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - On 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 |
|---|---|---|---|---|---|---|---|
|
11/14/2014
|
2 Bed
|
2 Bath
|
1200 ft²
|
$749,900
2 Bed
2 Bath
1200 ft²
|
$725,000
-3.32%
12/19/2014
|
Steven White
Assist 2 Sell, Cape & Islands
| |
|
03/01/2005
|
2 Bed
|
1 Bath
|
1200 ft²
|
$829,000
2 Bed
1 Bath
1200 ft²
|
$805,000
-2.90%
06/01/2005
|
Joy Goldstein
Sagan Harborside Sotheby's International Realty
| |
|
04/29/1994
| |
Loft
|
2 Bath
|
1200 ft²
|
$239,000
Loft
2 Bath
1200 ft²
|
$225,000
-5.86%
04/29/1994
|
Gloria Gutwirth
Coldwell Banker Residential Brokerage - Marblehead
|
Building Info
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