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Marblehead 01945
6 Ballast Lane
$1,600,000
● House - Off Market

6 Ballast Lane

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,211 Ft²
$3,358,744
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Marblehead Neck - Wonderful combination of a beautiful 3-4 bedroom brick colonial, newer carriage house/garage with guest quarters and a magnificent 3/4 acre private, landscaped lot. No expense spared and great care taken in this updated, well appointed property with updated systems, central air, master suite with his and her bathrooms. Sunny exposure in solarium overlooking the English style greenhouse & gardens beyond complete with cabana/gazebo/heated gunite pool.
Unit Size
4,211 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$392
Property Type
House
Property Taxes
$1,304
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71364284)

Price History

Date / Event Date Event Price
Aug 29, 2017 Sold
Premium
Sold
Jun 21, 2012 Sold
Premium
Sold
Apr 10, 2012 Listed by RE/MAX Advantage Real Estate $1,649,000
Listed by RE/MAX Advantage Real Estate
Sep 5, 1996 Sold
Premium
Sold
May 28, 1996 Listed by Carlson GMAC Real Estate $660,000
Listed by Carlson GMAC Real Estate
EXCEPTIONAL GROUNDS WITH MULTIPLE MATURE PLANTINGS. PRIVATE WELL FOR WATERING. STAND BY GENERATOR.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,305
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,800
  • Total Building Area: 3,919
  • Gross Building Area: 5,876
  • Building Area: 3,919
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,919
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000707
  • 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: 203200

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0915 B:0012 L:0
  • Block: 12
  • Municipality: MARBLEHEAD
  • Latitude: 42.4976
  • Longitude: -70.8374

    Address

  • Full Address: 6 Ballast Ln
  • Address - House Number: 6
  • Address - Street Name: Ballast
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C011
  • 4-Digit Zip Code: 3808
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,873,200

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 2,795,953
  • High Value: 3,146,639
  • Low Value: 2,445,266

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,206,700
  • Assessed Land Value: $2,217,200
  • Assessed Improvements Value: $989,500

    Sales

  • Current Sale Recording Date: Aug 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32
  • Previous Sale Recording Date: Jun 21, 2012
  • Previous Sale Amount: $1,600,000
  • 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:

$995,000

Sale Price/ft²

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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# 71364284

Frequently Asked Questions

When was property at 6 Ballast Lane built and last sold?
The property at 6 Ballast Lane was built in 1957 and last sold on Jan 1, 1970 for $2,300,000.
How much is this home worth?
The estimated value of the home located at 6 Ballast Lane is $1,701,109.
What are some comparable homes to 6 Ballast Lane?
There are currently no comparable homes to 6 Ballast Lane.
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