$363,000
●
Condo -
Off Market
59 Prospect St #B4
Marblehead, MA 01945
2 Beds
1 Bath
720 Ft²
$351,073
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model
About This Property
A sunny two bedroom one bath garden-style condo in the Shipyard
District. The eat-in kitchen has new stainless steel appliances and
opens into the living room. Laundry is in basement. The
Anchorage is a professionally managed building. Condo fee includes
heat, hot water, master insurance, water, sewer, landscaping, and
plowing. One deeded parking space.
Unit Size
720 Ft²
Days on Market
-
Land Size
-
Price per sqft
$486
Property Type
Condo
Property Taxes
$233
HOA Dues
$371
Year Built
-
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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 #73100116)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 26, 2024 | Price Increased |
$390,000
↑ $27K
(7.4%) | |
| Price Increased | |||
| Jul 1, 2024 | Relisted | $363,000 | |
| Relisted | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Interior Details
Full Bathrooms: 1
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 720
Year Built Source: Public Records
Year Built: 1967
Waterfront Features: 1/2 to 1 Mile To Beach
Building Area Total: 720
Building Area Units: Square Feet
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $266,300
Tax Annual Amount: $2,801
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Heat
HOA/Condo/Coop Amenities: Hot Water
HOA Fee: $371
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/03/2025
|
2 Bed
|
1 Bath
|
700 ft²
|
$349,900
2 Bed
1 Bath
700 ft²
|
$350,000
+0.03%
07/25/2025
|
Janice Kostopoulos
Coldwell Banker Realty - Marblehead
| |
|
05/28/2024
|
2 Bed
|
1 Bath
|
720 ft²
|
$390,000
2 Bed
1 Bath
720 ft²
|
$385,000
-1.28%
09/06/2024
|
Brandon Collins
William Raveis R.E. & Home Services
| |
|
04/18/2023
|
2 Bed
|
1 Bath
|
720 ft²
|
$349,900
2 Bed
1 Bath
720 ft²
|
$363,000
+3.74%
06/01/2023
|
Brandon Collins
William Raveis R.E. & Home Services
| |
|
06/27/2020
|
2 Bed
|
1 Bath
|
690 ft²
|
$249,900
2 Bed
1 Bath
690 ft²
|
$240,000
-3.96%
08/26/2020
|
Zina Glikberg
Conway - Swampscott
| |
|
11/01/2019
|
2 Bed
|
1 Bath
|
720 ft²
|
$299,000
2 Bed
1 Bath
720 ft²
|
$280,000
-6.35%
03/13/2020
|
Christine Cowden
Compass
| |
|
06/12/2018
|
Studio
|
1 Bath
|
324 ft²
|
$164,900
Studio
1 Bath
324 ft²
|
$147,000
-10.86%
09/17/2018
|
Robin Jones
Sagan Harborside Sotheby's International Realty
| |
|
01/30/2018
|
2 Bed
|
1 Bath
|
710 ft²
|
$225,000
2 Bed
1 Bath
710 ft²
|
$236,000
+4.89%
04/10/2018
|
Lise Danforth
Coldwell Banker Realty - Marblehead
| |
|
09/03/2013
|
2 Bed
|
1 Bath
|
710 ft²
|
$145,000
2 Bed
1 Bath
710 ft²
|
$143,000
-1.38%
11/22/2013
|
Rit Pierce
Coldwell Banker Residential Brokerage - Marblehead
| |
|
12/13/2012
|
2 Bed
|
1 Bath
|
720 ft²
|
$159,000
2 Bed
1 Bath
720 ft²
|
$152,000
-4.40%
07/25/2013
|
Nancy Trumm Hughes
Conway - Swampscott
| |
|
05/01/2012
|
2 Bed
|
1 Bath
|
720 ft²
|
$159,900
2 Bed
1 Bath
720 ft²
|
$154,900
-3.13%
08/22/2012
|
Jane Fields
Sagan Harborside Sotheby's International Realty
| |
|
03/04/2011
|
2 Bed
|
1 Bath
|
700 ft²
|
$119,900
2 Bed
1 Bath
700 ft²
|
$119,000
-0.75%
10/24/2011
|
Martha Dastous
Bentley's
| |
|
09/07/2010
|
2 Bed
|
1 Bath
|
720 ft²
|
$184,900
2 Bed
1 Bath
720 ft²
|
-
-
|
Cressy Team
J. Barrett & Company
| |
|
08/23/2010
|
2 Bed
|
1 Bath
|
720 ft²
|
$189,900
2 Bed
1 Bath
720 ft²
|
-
-
|
Goldberg - Jones
Sagan Agency REALTORS®
| |
|
03/26/2004
|
2 Bed
|
1 Bath
|
720 ft²
|
$209,000
2 Bed
1 Bath
720 ft²
|
$209,000
06/11/2004
|
Barbara Kennedy-White
RE/MAX 360
| |
|
02/10/2004
|
2 Bed
|
1 Bath
|
700 ft²
|
$209,000
2 Bed
1 Bath
700 ft²
|
$205,000
-1.91%
04/23/2004
|
Jonathan Magee
Sagan Harborside Sotheby's International Realty
| |
|
07/11/2002
|
2 Bed
|
1 Bath
|
720 ft²
|
$204,900
2 Bed
1 Bath
720 ft²
|
$206,000
+0.54%
10/15/2002
|
Patti LeBlanc
Century 21 North East
| |
|
03/31/2000
|
2 Bed
|
1 Bath
|
700 ft²
|
$139,900
2 Bed
1 Bath
700 ft²
|
$130,000
-7.08%
05/22/2000
|
Jonathan Magee
Sagan Harborside Sotheby's International Realty
| |
|
11/23/1998
|
2 Bed
|
1 Bath
|
715 ft²
|
$89,900
2 Bed
1 Bath
715 ft²
|
$84,000
-6.56%
05/07/1999
|
Stanley Czubinski
Century 21 N. Shore
| |
|
06/16/1998
|
2 Bed
|
1 Bath
|
740 ft²
|
$105,000
2 Bed
1 Bath
740 ft²
|
$105,000
08/24/1998
|
Joyce Waugh
William Raveis R.E. & Home Services
| |
|
06/09/1998
|
2 Bed
|
1 Bath
|
710 ft²
|
$99,500
2 Bed
1 Bath
710 ft²
|
$95,000
-4.52%
10/16/1998
|
Maryellen Farrar
Coldwell Banker Residential Brokerage - Marblehead
| |
|
11/26/1997
|
2 Bed
|
1 Bath
|
700 ft²
|
$104,900
2 Bed
1 Bath
700 ft²
|
$99,000
-5.62%
01/28/1998
|
Kathleen Sullivan
Sullivan Realty Group
|
Building Info
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