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Marblehead 01945
5 Lehman Road
$497,500
● House - Off Market

5 Lehman Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,533 Ft²
$1,065,042
RealtyHop Estimate
105.61%
Since Mar 1, 2013
MA-Boston
Primary Model

About This Property

Sunlit and spacious 3 bedroom, 2 1/2 bath home in desirable neighborhood. Lovingly cared for by one owner. Newer roof, hot water, half bath and electrical upgrades. Family room sliding doors open to a large, flat yard and deck. Central air, wood burning fireplace and 2-car garage. Convenient location; walk to beaches and easy commute to Boston and Logan Airport. This mid-century classic has everything you want, and it is ready for your personal touches!
Unit Size
2,533 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$205
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1967

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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: 5 months ago (MLSPIN #71456958)

Price History

Date / Event Date Event Price
Feb 1, 2013 Sold
Premium
Sold
Nov 13, 2012 Listed by William Raveis R.E. & Home Services $518,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,556
  • Total Building Area: 2,718
  • Gross Building Area: 3,946
  • Building Area: 2,718
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,718
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000265
  • 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:0049 B:0024 L:0
  • Block: 24
  • Municipality: MARBLEHEAD
  • Latitude: 42.488
  • Longitude: -70.8687

    Address

  • Full Address: 5 Lehman Rd
  • Address - House Number: 5
  • Address - Street Name: Lehman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C015
  • 4-Digit Zip Code: 2009
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $818,000

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,030,849
  • High Value: 1,204,260
  • Low Value: 857,438

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $912,900
  • Assessed Land Value: $634,600
  • Assessed Improvements Value: $278,300

    Sales

  • Current Sale Recording Date: Feb 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
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

$546

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2929 ft²

Average Home Age

95.1 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: 5 months ago
Data Source: MLS PIN, MLS# 71456958

Frequently Asked Questions

When was property at 5 Lehman Road built and last sold?
The property at 5 Lehman Road was built in 1967 and last sold on Jan 1, 1970 for $497,500.
How much is this home worth?
The estimated value of the home located at 5 Lehman Road is $578,680.
What are some comparable homes to 5 Lehman Road?
There are currently no comparable homes to 5 Lehman Road.
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