Marblehead
48A Independence Way #48A
$378,500
●
Condo -
Off Market
48A Independence Way #48A
Marblehead, MA 01945
2 Beds
2 Baths,
1
Half Bath
1,200 Ft²
$743,668
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model
About This Property
Well maintained 1st floor garden style condominium with updated
kitchen open to fireplaced living/dining room. Enjoy peeks of the
harbor from the balcony. Use of beach and dock.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$333
Property Type
Condo
Property Taxes
$350
HOA Dues
$469
Year Built
-
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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 #70348602)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2007 | Sold | ||
| Sold | |||
| Mar 16, 2006 | Listed by Coldwell Banker Realty - Marblehead | $399,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
Property Highlights
Air Conditioning
Fireplace
Interior Details
Level: First
Width: 20
Length: 17
Features: Flooring - Stone/Ceramic Tile, Dining Area, Pantry
Area: 340
Level: First
Features: Flooring - Wall to Wall Carpet
Width: 15
Length: 14
Area: 210
Length: 14
Level: First
Area: 196
Features: Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Balcony / Deck
Width: 14
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: First
Length: 15
Width: 15
Area: 225
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Oven, Dishwasher, Disposal, Microwave, Countertop Range, Refrigerator, Freezer, Washer, Dryer, Gas Water Heater, Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Tile, Carpet
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Deeded
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Glover Landing Condominiums
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R1
Parcel Number: 2025001
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $541,600
Tax Annual Amount: $4,203
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer
Cooling Type: Central Air, Unit Control
Heating Type: Forced Air, Natural Gas, Unit Control
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry, Beach Rights, Boat Dock, Storage, Garden Area
HOA Fee: $469
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat
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 |
|---|---|---|---|---|---|---|---|
|
03/16/2006
|
2 Bed
|
2 Bath
|
1200 ft²
|
$399,000
2 Bed
2 Bath
1200 ft²
|
$378,500
-5.14%
06/13/2007
|
Sussi Danforth
Coldwell Banker Realty - Marblehead
| |
|
07/22/1999
|
2 Bed
|
2 Bath
|
1200 ft²
|
$279,900
2 Bed
2 Bath
1200 ft²
|
$275,000
-1.75%
09/27/1999
|
Sussi Danforth
Coldwell Banker Realty - Marblehead
| |
|
02/10/1998
|
3 Bed
|
2 Bath
|
1800 ft²
|
$349,000
3 Bed
2 Bath
1800 ft²
|
$344,000
-1.43%
05/06/1998
|
Paul Stevens
Paul Stevens REALTORS®
|
Building Info
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