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Marblehead 01945
42 Cornell Road
$540,000
● House - Off Market

42 Cornell Road

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,618 Ft²
$915,737
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

WOW -  WHAT A LOT OF HOUSE FOR THE MONEY!  HERE'S WHAT'S SPECIAL ABOUT THIS HOUSE:  **** Surprisingly spacious 10 room/4 bedroom/4 bath home with an extra large fenced yard **** open living/dining/kitchen area with all day sunny exposure*** SURPRISE BENEFIT - built in 2005,  a super sharp adjoining first floor 4 room suite which is ideal for INLAWS, MASTER SUITE or LIVE IN HELP ****location easily accessible to town, all grade level schools, beach and bike/jogging/conservation areas.  Other wonderful features: hardwood floors throughout, abundant closets, finished space in lower level, jumbo 2 car garage and patio.  ****This asking price allows you to make updates/improvements to suit your personal taste.
Unit Size
2,618 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$210
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
1957

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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 #72009094)

Price History

Date / Event Date Event Price
Sep 1, 2016 Sold
Premium
Sold
May 19, 2016 Listed by RE/MAX Advantage Real Estate $549,900
Listed by RE/MAX Advantage Real Estate
Jun 17, 2005 Sold
Premium
Sold
Mar 1, 2005 Listed by RE/MAX Advantage Real Estate $579,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,250
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,680
  • Total Building Area: 3,659
  • Gross Building Area: 4,742
  • Building Area: 3,659
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,659
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 12 ACRES
  • Land Acres: 0000000268
  • 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:0071 B:0018 L:0
  • Block: 18
  • Municipality: MARBLEHEAD
  • Latitude: 42.4955
  • Longitude: -70.872

    Address

  • Full Address: 42 Cornell Rd
  • Address - House Number: 42
  • Address - Street Name: Cornell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C042
  • 4-Digit Zip Code: 2140
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $820,100

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,076,142
  • High Value: 1,259,826
  • Low Value: 892,458

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $915,300
  • Assessed Land Value: $636,500
  • Assessed Improvements Value: $278,800

    Sales

  • Current Sale Recording Date: Sep 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 124
  • Previous Sale Recording Date: Jun 17, 2005
  • Previous Sale Amount: $564,525
  • 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:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 years

Currently For Sale

38 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# 72009094

Frequently Asked Questions

When was property at 42 Cornell Road built and last sold?
The property at 42 Cornell Road was built in 1957 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 42 Cornell Road is $602,013.
What are some comparable homes to 42 Cornell Road?
There are currently no comparable homes to 42 Cornell Road.
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