When was property at 5 Rainbow Road built and last sold?

The property at 5 Rainbow Road was built in 1938 and last sold on Apr 13, 2020 for $617,000.

How much is this home worth?

The estimated value of the home located at 5 Rainbow Road is $597,741.

What are some comparable homes to 5 Rainbow Road?

There are currently no comparable homes to 5 Rainbow Road.

Marblehead

01945

5 Rainbow Road

$617,000

● House - Off Market

5 Rainbow Road

Marblehead, MA 01945

3 Beds

2 Baths, 1 Half Bath

2,082 Ft²

$761,398

RealtyHop Estimate

38.46%

Since May 1, 2020

MA-Boston

Primary Model

About This Property

Pretty 8 room Cape Cod home with loads of character and much better-than-average Cape design. Heating, roof & COSMETIC UPDATES NEEDED but will add to the value of this home that's located in a higher-value neighborhood. SHORT SALE; SALE OF THIS PROPERTY SUBJECT TO 3RD PARTY APPROVAL. PROPERTY SOLD AS IS. Abundant living space and great layout: large first floor family room, front to back fireplaced living room and dining room off the center hall, sunroom plus expandable space in basement for playroom. The second floor has 3 bedrooms including master with private bathroom. The surroundings are delightful: large fenced yard, pretty side street steps to Gatchel's Playground, moments to Wyman Woods, & the bike path not to mention BEACH RIGHTS to private neighborhood beach 15 ANDERSON WINDOWS--installed 9 YRS ago. Access to private, neighborhood beach is off Pequot Rd.

Unit Size

2,082 Ft²

Days on Market

Land Size

0.23 acres

Price per sqft

$264

Property Type

House

Property Taxes

$576

HOA Dues

Year Built

1938

Payment Calculator

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Last updated: 4 months ago (MLSPIN #72615424)

Price History

Date / Event	Date	Event
Apr 17, 2020	Sold	Premium
Sold
Feb 3, 2020	Listed by J. Barrett & Company	$549,900
Listed by J. Barrett & Company

	Pretty 8 room Cape Cod home with loads of character and much better-than-average Cape design. Heating, roof & COSMETIC UPDATES NEEDED but will add to the value of this home that's located in a higher-value neighborhood. SHORT SALE; SALE OF THIS PROPERTY SUBJECT TO 3RD PARTY APPROVAL. PROPERTY SOLD AS IS. Abundant living space and great layout: large first floor family room, front to back fireplaced living room and dining room off the center hall, sunroom plus expandable space in basement for playroom. The second floor has 3 bedrooms including master with private bathroom. The surroundings are delightful: large fenced yard, pretty side street steps to Gatchel's Playground, moments to Wyman Woods, & the bike path not to mention BEACH RIGHTS to private neighborhood beach 15 ANDERSON WINDOWS--installed 9 YRS ago. Access to private, neighborhood beach is off Pequot Rd.
Oct 5, 2019	No longer available	-
No longer available
Sep 10, 2019	Listed by William Raveis R.E. & Home Services	$549,900
Listed by William Raveis R.E. & Home Services
Sep 3, 2019	No longer available	-
No longer available
Aug 13, 2019	Relisted	$635,000
Relisted
Aug 12, 2019	No longer available	-
No longer available
Jul 4, 2019	Relisted	$635,000
Relisted
Jul 3, 2019	No longer available	-
No longer available
Apr 3, 2019	Relisted	$635,000
Relisted
Apr 1, 2019	No longer available	-
No longer available
Mar 22, 2019	Relisted	$635,000
Relisted
Mar 21, 2019	No longer available	-
No longer available
Jan 28, 2019	Price Decreased	$635,000 ↓ $15K (2.3%)
Price Decreased
Jan 7, 2019	Listed	$649,900
Listed

	Pretty 8 room Cape Cod home with loads of character and much better-than-average Cape design. Heating, roof & COSMETIC UPDATES NEEDED but will add to the value of this home that's located in a higher-value neighborhood. Abundant living space and great layout: large first floor family room, front to back fireplaced living room and dining room off the center hall, sunroom plus expandable space in basement for playroom. The second floor has 3 bedrooms including master with private bathroom. The surroundings are delightful: large fenced yard, pretty side street steps to Gatchel's Playground, moments to Wyman Woods, & the bike path not to mention BEACH RIGHTS to private neighborhood beach 15 ANDERSON WINDOWS--installed 9 YRS ago. Access to private, neighborhood beach is off Pequot Rd. The manager has listed the unit size as 2082 square feet.
Aug 31, 2001	Sold	Premium
Sold
Jul 2, 2001	Listed by William Raveis R.E. & Home Services	$499,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available

Garage

Fireplace

Building Info

Overview

General

Year Built: 1938

Effective Year Built: 1938
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Building Condition: 1
Building Quality: 0
Construction Type: 6
Building Style: 4
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: 816
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 10,043

Total Building Area: 2,082
Gross Building Area: 3,372
Building Area: 2,082
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 4
Heated Square Feet: 2,082
Heating Fuel Type: 6

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000231
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:0059 B:0016 L:0
Block: 16
Municipality: MARBLEHEAD
Latitude: 42.4945
Longitude: -70.8767

Address

Full Address: 5 Rainbow Rd

Address - House Number: 5
Address - Street Name: Rainbow
Address - Suffix Type: Rd
State: MA
City Name: Marblehead
Carrier Code: C027
4-Digit Zip Code: 1260
Zip Code: 01945

Valuation

Tax

Tax Year: 2024

Tax Amount: $768,800

Appraisal Valuation

Standard Deviation: 0.1706

Valuation Date: Mar 06, 2024
Confidence Score: 78
Final Value: 999,041
High Value: 1,169,565
Low Value: 828,518

Assessments Valuation

Assessed Year: 2024

Assessed Total Value: $858,000
Assessed Land Value: $557,100
Assessed Improvements Value: $300,900

Sales

Current Sale Contract Date: Apr 13, 2020

Current Sale Recording Date: Apr 17, 2020
Current Sale Price:

Premium
Current Sale Document Type: O
Current Sale Input Document Number: 20200417002710
Previous Sale Recording Date: Aug 31, 2001
Previous Sale Amount: $530,500
Previous Sale Document Type: 27

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium
Previous Mortgage Loan Type:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Marblehead

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 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# 72615424

5 Rainbow Road

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Marblehead

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions