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Marblehead 01945
59 Rockaway Avenue
Photo of 59 Rockaway Avenue
Sold on May 23, 2006

1

Map

$604,750
● House - Off Market

59 Rockaway Avenue

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,423 Ft²
$1,077,964
RealtyHop Estimate
79.96%
Since Jun 1, 2006
MA-Boston
Primary Model

About This Property

Classic center entrance Colonial.  Quick walk to beach, stairs to rocky swim area, Eveleth School, Hobbs Playgroudn, and Ware Pond.  Extensively renovated in 1999, including systems, kitchen & baths, windows, roof and a new third level which includes 2 bedrooms and a bath. Hardwood floors. Fireplace living room  Move right into this warm and charming home.
Unit Size
2,423 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$247
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1935

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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: 5 months ago (MLSPIN #70350988)

Price History

Date / Event Date Event Price
May 23, 2006 Sold
Premium
Sold
Mar 21, 2006 Listed $599,000
Listed

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,058
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,400
  • Total Building Area: 1,954
  • Gross Building Area: 4,228
  • Building Area: 1,954
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,954
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • 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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0010 B:0018 L:0
  • Block: 18
  • Municipality: MARBLEHEAD
  • Latitude: 42.483
  • Longitude: -70.8807

    Address

  • Full Address: 59 Rockaway Ave
  • Address - House Number: 59
  • Address - Street Name: Rockaway
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C023
  • 4-Digit Zip Code: 1728
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $875,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1629
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 999,950
  • High Value: 1,162,858
  • Low Value: 837,042

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $976,900
  • Assessed Land Value: $551,500
  • Assessed Improvements Value: $425,400

    Sales

  • Current Sale Recording Date: May 23, 2006
  • Current Sale Price:
    Premium
  • Current 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

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 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: 5 months ago
Data Source: MLS PIN, MLS# 70350988

Frequently Asked Questions

When was property at 59 Rockaway Avenue built and last sold?
The property at 59 Rockaway Avenue was built in 1935 and last sold on Jan 1, 1970 for $604,750.
How much is this home worth?
The estimated value of the home located at 59 Rockaway Avenue is $605,945.
What are some comparable homes to 59 Rockaway Avenue?
There are currently no comparable homes to 59 Rockaway Avenue.
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