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Marblehead 01945
47 Locust Street
$925,000
● House - Off Market

47 Locust Street

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,100 Ft²
$949,718
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Prime Marblehead Goldthwait location. Short walk to Goldthwait Reservation, beaches, harbor and town. Well maintained  Colonial home on corner lot.5 bedrooms 1.5 baths (5th bedroom makes an easy master bath). Large fireplaced formal living , gracious formal dining room and working kitchen adjacent to large family room. Rich hardwoods, high ceilings and period charm. Large attic and full finish-able basement with interior and exterior access. Parking for 4+ cars.. Showings to start after broker open house. Fabulous covered porch overlooks level side yard. Modest lot size and large driveway for 4 plus cars. Opportunities to personalize in a great neighborhood.  Offers review Tuesday, July 12th by 12pm
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$429
Property Type
House
Property Taxes
$577
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73006938)

Price History

Date / Event Date Event Price
Sep 9, 2022 Sold
Premium
Sold
Jul 5, 2022 Listed by William Raveis R.E. & Home Services $900,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,020
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 2,086
  • Gross Building Area: 3,494
  • Building Area: 2,086
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,086
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:0067 B:0018 L:0
  • Block: 18
  • Municipality: MARBLEHEAD
  • Latitude: 42.4909
  • Longitude: -70.8642

    Address

  • Full Address: 47 Locust St
  • Address - House Number: 47
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C044
  • 4-Digit Zip Code: 2935
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $807,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 1,009,348
  • High Value: 1,163,640
  • Low Value: 855,055

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $901,400
  • Assessed Land Value: $460,000
  • Assessed Improvements Value: $441,400

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Sep 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125
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# 73006938

Frequently Asked Questions

When was property at 47 Locust Street built and last sold?
The property at 47 Locust Street was built in 1920 and last sold on Aug 19, 2022 for $925,000.
How much is this home worth?
The estimated value of the home located at 47 Locust Street is $911,020.
What are some comparable homes to 47 Locust Street?
There are currently no comparable homes to 47 Locust Street.
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