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Marblehead 01945
53 Bennett Road
$570,000
● House - Off Market

53 Bennett Road

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,028 Ft²
$1,036,887
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

There is nothing better than life by the sea!  This 4 bedroom, 3 full bathroom home offers a master bedroom suite, open floorpan and hardwood floors. The house is just a couple of doors away from the Ocean Park Neighborhood pier and small beach.  The time not spent on the water can be enjoyed on the extensive patio and fire pit which was recently installed.  Also part of the property is a deck, ample yard and 2 out buildings for storage or to be renovated for a separate office, man cave or play house. The property has frontage on both Bennett Road and Overlook Road. Overlook Road provides access to the property.
Unit Size
2,028 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$290
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1930

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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 #71805804)

Price History

Date / Event Date Event Price
May 29, 2015 Sold
Premium
Sold
Mar 24, 2015 Listed by William Raveis R.E. & Home Services $589,000
Listed by William Raveis R.E. & Home Services
Aug 12, 2005 Sold
Premium
Sold
Jan 18, 2005 Listed by William Raveis R.E. & Home Services $549,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 9
  • Basement Area: 715
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,194
  • Total Building Area: 2,028
  • Gross Building Area: 2,505
  • Building Area: 2,028
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,028
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN PARK
  • Land Acres: 0000000257
  • 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: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0140 B:0046 L:0
  • Block: 46
  • Municipality: MARBLEHEAD
  • Latitude: 42.5099
  • Longitude: -70.8685

    Address

  • Full Address: 53 Bennett Rd
  • Address - House Number: 53
  • Address - Street Name: Bennett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1403
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $762,100

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 880,459
  • High Value: 1,030,742
  • Low Value: 730,175

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $850,600
  • Assessed Land Value: $558,300
  • Assessed Improvements Value: $292,300

    Sales

  • Current Sale Recording Date: May 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 876
  • Previous Sale Recording Date: Aug 12, 2005
  • Previous Sale Amount: $539,000
  • Previous Sale Document Type: 27
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

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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# 71805804

Frequently Asked Questions

When was property at 53 Bennett Road built and last sold?
The property at 53 Bennett Road was built in 1930 and last sold on Jan 1, 1970 for $570,000.
How much is this home worth?
The estimated value of the home located at 53 Bennett Road is $621,646.
What are some comparable homes to 53 Bennett Road?
There are currently no comparable homes to 53 Bennett Road.
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