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Marblehead 01945
5 Sapphire Avenue
$725,000
● House - Off Market

5 Sapphire Avenue

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,536 Ft²
$692,588
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Don't miss this ADORABLE, MOVE-IN READY Cape in a very desirable neighborhood!  Those who live here appreciate its convenient location close to Vinnin Sq, Beaches, Bike trails, Country Club, Public Transportation, and easy access to your Commute!  Many BIG-TICKET items have been recently done for you by the current owner including:  2 new bathrooms, replacement windows, doors, gutters, electrical, composite deck, kitchen appliances, and a freshly painted interior in new neutral colors. There are hardwood floors throughout the light filled rooms and the cozy living room has a fireplace! Enjoy the golf course views from your eat-in kitchen and newly fenced-in yard.  And don't forget the partially finished basement with plenty of storage!  Don't miss this great opportunity!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$456
Property Type
House
Property Taxes
$477
HOA Dues
-
Year Built
1958

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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 #73150940)

Price History

Date / Event Date Event Price
Sep 14, 2023 Sold
Premium
Sold
Aug 31, 2023 In contract -
In contract
Aug 22, 2023 Listed by Coldwell Banker Realty - Lynnfield $699,900
Listed by Coldwell Banker Realty - Lynnfield
Jun 30, 2017 Sold
Premium
Sold
Apr 4, 2017 Listed by Coldwell Banker Realty - Lynnfield $449,000
Listed by Coldwell Banker Realty - Lynnfield
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,634
  • Total Building Area: 1,536
  • Gross Building Area: 2,403
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TEDESCO LAWN
  • Land Acres: 0000000083
  • 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:0014 B:0006 L:0
  • Block: 6
  • Municipality: MARBLEHEAD
  • Latitude: 42.4848
  • Longitude: -70.891

    Address

  • Full Address: 5 Sapphire Rd
  • Address - House Number: 5
  • Address - Street Name: Sapphire
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C022
  • 4-Digit Zip Code: 1625
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $543,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 729,085
  • High Value: 842,901
  • Low Value: 615,270

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $606,900
  • Assessed Land Value: $496,000
  • Assessed Improvements Value: $110,900

    Sales

  • Current Sale Contract Date: Sep 14, 2023
  • Current Sale Recording Date: Sep 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230914001040
  • Previous Sale Recording Date: Jun 30, 2017
  • Previous Sale Amount: $445,000
  • Previous Sale Document Type: O
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

$552

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2929 ft²

Average Home Age

96 years

Currently For Sale

41 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73150940

Frequently Asked Questions

When was property at 5 Sapphire Avenue built and last sold?
The property at 5 Sapphire Avenue was built in 1958 and last sold on Sep 14, 2023 for $725,000.
How much is this home worth?
The estimated value of the home located at 5 Sapphire Avenue is $706,856.
What are some comparable homes to 5 Sapphire Avenue?
There are currently no comparable homes to 5 Sapphire Avenue.
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