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Marblehead 01945
56 Norman Street
$402,500
● House - Off Market

56 Norman Street

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,060 Ft²
$1,739,857
RealtyHop Estimate
305.56%
Since Dec 1, 1997
MA-Boston
Primary Model

About This Property

BEAUTIFULLY SITED ABUTTING GINGERBREAD HILL. CHARMING, UPDATED ANTIQUE WITH FENCED YARD, MASTER BR SUITE, 2 1/2 BATHS, 2 CAR PARKING. SHORT WALK TO GRACE OLIVER'S BEACH AND HARBOR
Unit Size
2,060 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$208
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1720

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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 years ago (MLSPIN #30174239)

Price History

Date / Event Date Event Price
Nov 17, 1997 Sold
Premium
Sold
Jul 10, 1997 Listed $429,000
Listed
Jun 29, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1720
  • Effective Year Built: 1720
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,350
  • Total Building Area: 2,545
  • Gross Building Area: 3,185
  • Building Area: 2,545
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,545
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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: 203302

Zoning

  • Zoning: HIST

Geography

  • District: 168
  • Parcel: MARB M:0171 B:0025 L:0
  • Block: 25
  • Municipality: MARBLEHEAD
  • Latitude: 42.5125
  • Longitude: -70.847

    Address

  • Full Address: 56 Norman St
  • Address - House Number: 56
  • Address - Street Name: Norman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C003
  • 4-Digit Zip Code: 2663
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,327,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,323,726
  • High Value: 1,547,468
  • Low Value: 1,099,983

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,481,200
  • Assessed Land Value: $1,029,600
  • Assessed Improvements Value: $451,600

    Sales

  • Current Sale Recording Date: Nov 17, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 43
  • Current Sale Input Document Number: 68641
  • Previous Sale Recording Date: Jun 29, 1990
  • Previous Sale Amount: $385,000
  • 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:

$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 years ago
Data Source: MLS PIN, MLS# 30174239

Frequently Asked Questions

When was property at 56 Norman Street built and last sold?
The property at 56 Norman Street was built in 1720 and last sold on Jan 1, 1970 for $402,500.
How much is this home worth?
The estimated value of the home located at 56 Norman Street is $467,214.
What are some comparable homes to 56 Norman Street?
There are currently no comparable homes to 56 Norman Street.
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