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Marblehead 01945
59 Overlook Rd
$770,000
● House - Off Market

59 Overlook Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,132 Ft²
$4,382
Est. Monthly

About This Property

Enjoy the beautiful ocean air in this picture perfect cape. Nothing to do but move in and enjoy your new home. Beautiful eat in kitchen with sliders to the deck. 2 full baths including 1 bedroom on 1st floor. Hardwood floors. Located within steps to Salem Harbor for mooring your boat, kayaking, swimming, and sunset viewing! Seller willing to buy down the mortgage rate on this home. PLEASE BOOK SHOWINGS THROUGH SHOWINGTIME
Unit Size
2,132 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$366
Property Type
House
Property Taxes
$552
HOA Dues
-
Year Built
1968

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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 #73177310)

Price History

Date / Event Date Event Price
Feb 8, 2024 Sold
Premium
Sold
Dec 20, 2023 In contract -
In contract
Nov 3, 2023 Listed by Cameron Real Estate Group $779,900
Listed by Cameron Real Estate Group
Jun 30, 2023 Sold
Premium
Sold
Dec 15, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,935
  • Total Building Area: 2,132
  • Gross Building Area: 3,248
  • Building Area: 2,132
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,132
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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:0036 L:0
  • Block: 36
  • Municipality: MARBLEHEAD
  • Latitude: 42.5102
  • Longitude: -70.8674

    Address

  • Full Address: 59 Overlook Rd
  • Address - House Number: 59
  • Address - Street Name: Overlook
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1445
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $636,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 780,436
  • High Value: 843,096
  • Low Value: 717,776

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $710,100
  • Assessed Land Value: $508,600
  • Assessed Improvements Value: $201,500

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240208001150
  • Previous Sale Recording Date: Jun 30, 2023
  • Previous Sale Contract Date: Jun 30, 2023
  • Previous Sale Amount: $570,000
  • 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:

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73177310

Frequently Asked Questions

When was property at 59 Overlook Road built and last sold?
The property at 59 Overlook Road was built in 1968 and last sold on Feb 8, 2024 for $770,000.
How much is this home worth?
The estimated value of the home located at 59 Overlook Road is $802,633.
What are some comparable homes to 59 Overlook Road?
There are currently no comparable homes to 59 Overlook Road.
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