Marblehead
5 A Independence Way #5
$350,000
●
Condo -
Off Market
5 A Independence Way #5
Marblehead, MA 01945
1 Bed
1 Bath
600 Ft²
$641,179
RealtyHop Estimate
83.19%
Since Feb 1, 2005
MA-Boston
Primary Model
About This Property
Delightful views of Jimmy's Cove and Abbot Hall. Condo association
owns water heater
Unit Size
600 Ft²
Days on Market
-
Land Size
0.01 acres
Price per sqft
$583
Property Type
Condo
Property Taxes
$175
HOA Dues
$353
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: 6 months ago (MLSPIN #70124386)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2005 | Sold | ||
| Sold | |||
| Dec 8, 2004 | Listed by William Raveis R.E. & Home Services | $350,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| | |||
|
Delightful views of Jimmy's Cove and Abbot Hall. Condo association owns water heater
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Deeded
Interior Details
Full Bathrooms: 1
Rooms: 2
Basement: N
Exterior Details
Has Property Attached
Square Footage: 600
Year Built Source: Public Records
Year Built: 1968
Waterfront Features: Waterfront, Harbor, 0 to 1/10 Mile To Beach, Beach Ownership(Private)
Building Name: Glover Landing
Building Area Total: 600
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 0.01
Lot Size Units: Acres
Lot Size Acres: 0.01
Lot Size Square Feet: 435.6
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $248,100
Tax Annual Amount: $2,103
Utilities Details
Cooling Type: Central Air, Unit Control
Heating Type: Central, Forced Air, Natural Gas, Unit Control
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat, Road Maintenance
HOA/Condo/Coop Amenities: Hot Water, Beach Rights, Boat Dock, Storage, Clubroom
HOA Fee: $353
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 |
|---|---|---|---|---|---|---|---|
|
01/21/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$795,000
2 Bed
2 Bath
1200 ft²
|
$775,000
-2.52%
02/27/2025
|
Niamh Callahan
J. Barrett & Company
| |
|
03/05/2020
|
3 Bed
|
2 Bath
|
1800 ft²
|
$929,900
3 Bed
2 Bath
1800 ft²
|
$910,000
-2.14%
09/17/2020
|
Catherine St. Pierre
Armstrong Field Real Estate
| |
|
06/02/2015
|
3 Bed
|
2 Bath
|
1800 ft²
|
$739,900
3 Bed
2 Bath
1800 ft²
|
$732,450
-1.01%
05/27/2016
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
05/02/2011
|
2 Bed
|
2 Bath
|
1200 ft²
|
$549,000
2 Bed
2 Bath
1200 ft²
|
$525,000
-4.37%
07/28/2011
|
Rita Havens
Coldwell Banker Realty - Marblehead
| |
|
03/25/2010
|
2 Bed
|
2 Bath
|
1200 ft²
|
$459,000
2 Bed
2 Bath
1200 ft²
|
$430,000
-6.32%
06/07/2010
|
Joanna Hochman
Gibson Sotheby's International Realty
| |
|
07/21/2008
|
1 Bed
|
1 Bath
|
600 ft²
|
$289,900
1 Bed
1 Bath
600 ft²
|
$225,000
-22.39%
11/10/2008
|
Patricia Kane
William Raveis R.E. & Home Services
| |
|
12/08/2004
|
1 Bed
|
1 Bath
|
600 ft²
|
$350,000
1 Bed
1 Bath
600 ft²
|
$350,000
01/19/2005
|
Patricia Kane
William Raveis R.E. & Home Services
|
Building Info
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