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Marblehead 01945
42 Elm St
$595,000
● House - Off Market

42 Elm St

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,628 Ft²
$856,383
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

This 1835 Colonial is perfectly located to take advantage of everything Old Town has to offer. Featuring period details, this three bed, two and a half bath home is central to shops, dining and Marblehead's famous harbor. Relax by the living room fireplace in the winter and enjoy spending time in the Beacon Hill style yard in the summer. Other features include a kid's playroom on the third floor , a large master bath and full basement with plenty of added storage. This antique home is ready for the next owners to bring it lovingly into the 21st century.
Unit Size
1,628 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$368
Property Type
House
Property Taxes
$579
HOA Dues
-
Year Built
1835

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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 #72520638)

Price History

Date / Event Date Event Price
Dec 13, 2019 Sold
Premium
Sold
Jun 18, 2019 Listed by Coldwell Banker Residential Brokerage - Marblehead $599,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Dec 1, 2004 Sold
Premium
Sold
Apr 26, 2004 Listed by Coldwell Banker Residential Brokerage - Marblehead $599,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1835
  • Effective Year Built: 1835
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 180
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,793
  • Total Building Area: 1,628
  • Gross Building Area: 2,222
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000041
  • 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: 203302

Zoning

  • Zoning: CR

Geography

  • District: 168
  • Parcel: MARB M:0150 B:0086 L:0
  • Block: 86
  • Municipality: MARBLEHEAD
  • Latitude: 42.507
  • Longitude: -70.8502

    Address

  • Full Address: 42 Elm St
  • Address - House Number: 42
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C026
  • 4-Digit Zip Code: 3476
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $794,200

    Appraisal Valuation

  • Standard Deviation: 0.2044
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 851,993
  • High Value: 1,026,136
  • Low Value: 677,850

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $886,400
  • Assessed Land Value: $582,700
  • Assessed Improvements Value: $303,700

    Sales

  • Current Sale Contract Date: Nov 11, 2019
  • Current Sale Recording Date: Dec 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 608217
  • Previous Sale Recording Date: Dec 01, 2004
  • Previous Sale Amount: $590,000
  • 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:

$992,000

Sale Price/ft²

$553

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# 72520638

Frequently Asked Questions

When was property at 42 Elm Street built and last sold?
The property at 42 Elm Street was built in 1835 and last sold on Nov 11, 2019 for $595,000.
How much is this home worth?
The estimated value of the home located at 42 Elm Street is $622,597.
What are some comparable homes to 42 Elm Street?
There are currently no comparable homes to 42 Elm Street.
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