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Marblehead 01945
42 Gallison Ave
$2,200,000
● House - Off Market

42 Gallison Ave

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,860 Ft²
$2,145,086
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

This Goldthwait oceanfront home offers a very rare opportunity to be front row on the beach in one of Marblehead's most coveted neighborhoods. Enjoy waking up to ever-changing sunrises over Marblehead Neck, Tinkers Island and watching the sun break the horizon where the sky meets the ocean. This home also includes endless views out to the ocean, down the length of Devereux Beach and a peek at Marblehead Harbor. This 4 bedroom home is ready to move right in or use as a palette for your renovations and updating. On the ocean side of the home is a generous front lawn and porch. Enter the property from a long driveway to an oversized 2 car garage. Just a few houses down the beach is Marblehead's Goldthwait Reservation with a beachside park and stunning salt marsh.
Unit Size
2,860 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$698
Property Type
House
Property Taxes
$1,652
HOA Dues
-
Year Built
1924

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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 #73046629)

Price History

Date / Event Date Event Price
Dec 30, 2022 Sold
Premium
Sold
Oct 21, 2022 In contract -
In contract
Oct 11, 2022 Listed by William Raveis R.E. & Home Services $1,995,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,495
  • Total Building Area: 2,404
  • Gross Building Area: 3,948
  • Building Area: 2,404
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,404
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • 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:0066 B:0026 L:0
  • Block: 26
  • Municipality: MARBLEHEAD
  • Latitude: 42.4889
  • Longitude: -70.8614

    Address

  • Full Address: 42 Gallison Ave
  • Address - House Number: 42
  • Address - Street Name: Gallison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2846
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,048,300

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 2,296,889
  • High Value: 2,666,557
  • Low Value: 1,927,222

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,286,000
  • Assessed Land Value: $1,953,900
  • Assessed Improvements Value: $332,100

    Sales

  • Current Sale Contract Date: Dec 30, 2022
  • Current Sale Recording Date: Dec 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 641739
  • Previous Sale Recording Date: Mar 04, 2016
  • Previous Sale Contract Date: Feb 17, 2016
  • 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

$553

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73046629

Frequently Asked Questions

When was property at 42 Gallison Avenue built and last sold?
The property at 42 Gallison Avenue was built in 1924 and last sold on Dec 30, 2022 for $2,200,000.
How much is this home worth?
The estimated value of the home located at 42 Gallison Avenue is $2,017,584.
What are some comparable homes to 42 Gallison Avenue?
There are currently no comparable homes to 42 Gallison Avenue.
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