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Marblehead 01945
5 Clipper Way
Photo of 5 Clipper Way
Sold on Aug 13, 2007

1

Map

$1,012,500
● House - Off Market

5 Clipper Way

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,000 Ft²
$2,015,822
RealtyHop Estimate
87.52%
Since Sep 1, 2007
MA-Boston
Primary Model

About This Property

Newly constructed 5 bedroom, 2 1/2 bath home located on a quiet street with over 4000sf of living space!  This immaculate home boasts hardwood floors, high ceilings & every amenity that one could hope for.  An open, eat-in granite kitchen with all Viking appliances.  A large fireplaced family room with flat screen TV & speakers.  Extra large Master Suite with 2 walk-in closets and luxurious Master Bath.  Professionally landscaped yard with over 12,000sf of land. Full basement & 2-car garage.
Unit Size
4,000 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$269
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
2006

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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 #70547643)

Price History

Date / Event Date Event Price
Jun 27, 2018 Sold
Premium
Sold
Aug 13, 2007 Sold
Premium
Sold
Mar 27, 2007 Listed $1,075,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,512
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,719
  • Total Building Area: 3,472
  • Gross Building Area: 7,266
  • Building Area: 3,472
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,472
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLE ESTATES OFF SALEM ROAD
  • Land Acres: 0000000246
  • 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: 203100

Geography

  • District: 168
  • Parcel: MARB M:0039 B:0041 L:0
  • Block: 41
  • Municipality: MARBLEHEAD
  • Latitude: 42.4925
  • Longitude: -70.883

    Address

  • Full Address: 5 Clipper Way
  • Address - House Number: 5
  • Address - Street Name: Clipper
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C027
  • 4-Digit Zip Code: 1167
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,333,200

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,536,546
  • High Value: 1,799,768
  • Low Value: 1,273,325

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,487,900
  • Assessed Land Value: $614,300
  • Assessed Improvements Value: $873,600

    Sales

  • Current Sale Recording Date: Jun 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180627004720
  • Previous Sale Recording Date: Aug 13, 2007
  • Previous Sale Amount: $1,012
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2886 ft²

Average Home Age

92.8 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# 70547643

Frequently Asked Questions

When was property at 5 Clipper Way built and last sold?
The property at 5 Clipper Way was built in 2006 and last sold on Jan 1, 1970 for $1,160,000.
How much is this home worth?
The estimated value of the home located at 5 Clipper Way is $998,972.
What are some comparable homes to 5 Clipper Way?
There are currently no comparable homes to 5 Clipper Way.
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