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Marblehead 01945
59 Elm Street
$500,000
● House - Off Market

59 Elm Street

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,215 Ft²
$1,491,779
RealtyHop Estimate
184.15%
Since Sep 1, 2000
MA-Boston
Primary Model

About This Property

."THE SQUASH HOUSE" UNIQUE HOME, VERY OPEN CATHEDRAL CEILING & EXPOSED BEAMS. LARGE CENTRAL BRICK FIREPLACE. WOULD MAKE AN IDEAL SECOND HOME OR WEEKEND GETAWAY. INCLUDES PRIVATE SIDE GARDENS, HEATED GREEN HOUSE, GARAGE, PARKING. A GEM!
Unit Size
2,215 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$237
Property Type
House
Property Taxes
$279
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 #30409422)

Price History

Date / Event Date Event Price
Oct 14, 2021 Sold
Premium
Sold
Jul 20, 2021 Listed $849,000
Listed
Aug 16, 2000 Sold
Premium
Sold
May 9, 2000 Listed $525,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1720
  • Effective Year Built: 1720
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 500
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,475
  • Total Building Area: 2,104
  • Gross Building Area: 3,070
  • Building Area: 2,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,104
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTRAL PLAZA
  • Land Acres: 0000000080
  • 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:0150 B:0058 L:0
  • Block: 58
  • Municipality: MARBLEHEAD
  • Latitude: 42.5066
  • Longitude: -70.8514

    Address

  • Full Address: 59 Elm St
  • Address - House Number: 59
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C026
  • 4-Digit Zip Code: 3658
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $967,700

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,030,447
  • High Value: 1,206,970
  • Low Value: 853,924

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,080,000
  • Assessed Land Value: $712,800
  • Assessed Improvements Value: $367,200

    Sales

  • Current Sale Contract Date: Oct 14, 2021
  • Current Sale Recording Date: Oct 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211014003060
  • Previous Sale Recording Date: Oct 27, 2016
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$992,000

Sale Price/ft²

$553

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 years ago
Data Source: MLS PIN, MLS# 30409422

Frequently Asked Questions

When was property at 59 Elm Street built and last sold?
The property at 59 Elm Street was built in 1720 and last sold on Oct 14, 2021 for $855,000.
How much is this home worth?
The estimated value of the home located at 59 Elm Street is $0.
What are some comparable homes to 59 Elm Street?
There are currently no comparable homes to 59 Elm Street.
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