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Marblehead 01945
5 Laurel Ct.
$530,000
● House - Off Market

5 Laurel Ct.

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,704 Ft²
$879,262
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Pride of ownership is everywhere in this recently remodeled (2010) 3 bedroom, 3 bath home! Beautiful hardwood floors and coffered ceilings add to the charm. Master bedroom has an en-suite bath with jacuzi soaking tub and rainshower.  Many upgrades throughout including granite counters, custom cherry cabinets, Andersen low-E windows, a new boiler in 2015, and newer roof. Second floor has central A/C, with a split-system Mitsubishi A/C on the first level. The family room offers in-wall, 7 channel surround sound. This room could also be converted to a ground floor bedroom, adjacent to a full bath. A custom gazebo with fans, A/C outlets and cable TV wiring sits in the fenced yard. This home is complete with a clean, detached garage with loft storage, and a freestanding shed. This could be a buyer's first, or last, home!
Unit Size
1,704 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$314
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1935

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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 #72073509)

Price History

Date / Event Date Event Price
Dec 8, 2016 Sold
Premium
Sold
Sep 27, 2016 Listed by Coldwell Banker Residential Brokerage - Marblehead $535,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 924
  • 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: 2,397
  • Gross Building Area: 2,672
  • Building Area: 2,397
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,397
  • Heating Fuel Type: 6

    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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0060 B:0034 L:0
  • Block: 34
  • Municipality: MARBLEHEAD
  • Latitude: 42.4929
  • Longitude: -70.8746

    Address

  • Full Address: 5 Laurel Ct
  • Address - House Number: 5
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C013
  • 4-Digit Zip Code: 1913
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $704,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1476
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 82
  • Final Value: 824,362
  • High Value: 946,102
  • Low Value: 702,622

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $785,700
  • Assessed Land Value: $517,500
  • Assessed Improvements Value: $268,200

    Sales

  • Current Sale Recording Date: Dec 08, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 55
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:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 years

Currently For Sale

38 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# 72073509

Frequently Asked Questions

When was property at 5 Laurel Court built and last sold?
The property at 5 Laurel Court was built in 1935 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 5 Laurel Court is $560,974.
What are some comparable homes to 5 Laurel Court?
There are currently no comparable homes to 5 Laurel Court.
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