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Marblehead 01945
59 Washington St
$840,000
● House - Off Market

59 Washington St

Marblehead, MA 01945
bedrooms
6 Beds
bathrooms
4 Baths
square feet
3,144 Ft²
$1,503,892
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

This bright and sunny 1800 Antique has unusually high ceilings, wide staircases and wide pine floors. It has been extremely well-maintained and updated and offers comfortable living in the heart of Old Town. The house boasts 6 fireplaces and has 5 bedrooms and 3  full baths. Plus self-contained apartment - perfect for guests, in-laws or AirBnB - open plan living/kitchen with fireplace, and bedroom and bathroom. There are 2 decks and garden areas, perfect for enjoying morning coffee or a cocktail before walking to one of the nearby restaurants for dinner.
Unit Size
3,144 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$286
Property Type
House
Property Taxes
$785
HOA Dues
-
Year Built
1800

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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 #71979109)

Price History

Date / Event Date Event Price
Jun 30, 2016 Sold
Premium
Sold
Mar 29, 2016 Listed by Harborside Sotheby's International Realty $899,000
Listed by Harborside Sotheby's International Realty
Sep 8, 1997 Sold
Premium
Sold
Mar 19, 1997 Listed by Harborside Sotheby's International Realty $359,000
Listed by Harborside Sotheby's International Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • 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: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,180
  • Total Building Area: 2,719
  • Gross Building Area: 4,092
  • Building Area: 2,719
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,719
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

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:0149 B:0050 L:0
  • Block: 50
  • Municipality: MARBLEHEAD
  • Latitude: 42.5061
  • Longitude: -70.8485

    Address

  • Full Address: 59 Washington St
  • Address - House Number: 59
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C001
  • 4-Digit Zip Code: 3529
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,157,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 1,309,396
  • High Value: 1,508,413
  • Low Value: 1,110,378

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,292,300
  • Assessed Land Value: $728,800
  • Assessed Improvements Value: $563,500

    Sales

  • Current Sale Recording Date: Jun 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 352
  • Previous Sale Recording Date: Sep 08, 1997
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

$538

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2977 ft²

Average Home Age

88.5 years

Currently For Sale

37 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: 5 months ago
Data Source: MLS PIN, MLS# 71979109

Frequently Asked Questions

When was property at 59 Washington Street built and last sold?
The property at 59 Washington Street was built in 1800 and last sold on Jan 1, 1970 for $840,000.
How much is this home worth?
The estimated value of the home located at 59 Washington Street is $896,832.
What are some comparable homes to 59 Washington Street?
There are currently no comparable homes to 59 Washington Street.
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