Marblehead
5 Independence Way #5D
$910,000
●
Condo -
Off Market
5 Independence Way #5D
Marblehead, MA 01945
3 Beds
2 Baths
1,800 Ft²
$1,215,877
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model
About This Property
Enjoy beautiful ocean views from this spacious 3 bedroom townhouse
at Glover Landing. The desirable, open floor plan, has an updated
kitchen fully equipped with stainless steel appliances and Carerra
marble counters, adding richness to the space. The dining/living
area boasts hardwood flooring, a wood fireplace, with easy access
to a covered 14 X 5'6" deck overlooking Jimmy's Cove and Marblehead
Harbor. Two additional bedrooms each with hardwood flooring on main
level, one has custom built in cabinets and a wall of windows,
emphasizing the stunning ocean views. A full tiled bath with
tub/shower and laundry completes this area. Second level has a
wonderful master suite with gorgeous harbor views, a spacious
sitting/dressing area, a private bath with a whirlpool tub and
steam, and a newer balcony. The beautiful grounds and gardens at
this complex are professionally maintained and include a private
beach, dock, and clubhouse for special events.Extra storage and 1
car assigned parking.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
4.71 acres
Price per sqft
$517
Property Type
Condo
Property Taxes
$726
HOA Dues
$1,099
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: 5 years ago (MLSPIN #72628761)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2020 | Sold | ||
| Sold | |||
| Mar 5, 2020 | Listed by Armstrong Field Real Estate | $929,900 | |
| Listed by Armstrong Field Real Estate | |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: Main
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Recessed Lighting, Storage
Level: Second
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Second
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture
Features: Closet, Flooring - Hardwood, Closet - Double
Level: Second
Features: Flooring - Hardwood, Open Floorplan
Level: Second
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Closet, Flooring - Hardwood, Balcony / Deck, Balcony - Exterior, Dressing Room, Remodeled, Slider
Level: Third
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Ceiling Fan(s), Flooring - Hardwood, Balcony - Exterior, Dressing Room, Slider, Closet - Double
Level: Third
Level: Second
Features: Flooring - Hardwood, Balcony / Deck, Cable Hookup, Open Floorplan, Slider
Features: Yes
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Washer, Dryer, ENERGY STAR Qualified Refrigerator, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Tile, Hardwood
Laundry Features: Second Floor, In Unit
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Off Street, Assigned
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Glover Landing
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck - Wood, Deck - Composite, Covered
Lead Paint: Unknown
Lot Size Area: 4.71
Lot Size Units: Acres
Lot Size Acres: 4.71
Zoning: CR
Parcel Number: M:0131 B:0019 L:5D, 2025013
Water Source: Public
Financial Details
Tax Assessed Value: $838,500
Tax Annual Amount: $8,712
Utilities Details
Utilities: for Electric Range, for Electric Dryer
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Beach Rights, Boat Dock, Storage, Garden Area
Association Fee Frequency: Monthly
HOA Fee: $1,099
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Conservation Area, House of Worship, Marina, Private School, Public School
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
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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