$577,105
●
Condo -
Off Market
60 Front St #1
Marblehead, MA 01945
2 Beds
1 Bath
972 Ft²
$574,637
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model
About This Property
"The Cottage" at 60 Front Street. Located in the heart of Old Town
Marblehead just steps to Marblehead Harbor, Crocker Park, shops,
restaurants and more! This unique home portrays original charm with
modern beautiful touches. The living room features beautiful
hardwood floors, a wood burning fireplace, custom ship lap walls
and an adorable breakfast bar. A bright and light updated kitchen
features brass hardware and a perfect size island. The second floor
has two bedrooms and a full bathroom. A deck off the back and a
deck off the front! Two car private parking included. Perfect
opportunity to either own or invest on one of Marblehead's most
coveted streets!
Unit Size
972 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$513
Property Type
Condo
Property Taxes
$242
HOA Dues
$105
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: 5 years ago (MLSPIN #72825557)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2021 | Sold | ||
| Sold | |||
| May 4, 2021 | Listed by Compass | $499,000 | |
| Listed by Compass | |||
Property Highlights
Interior Details
Level: First
Level: Second
Features: Bathroom - With Shower Stall
Level: Second
Level: First
Level: Second
Features: No
Full Bathrooms: 1
Appliances: Electric Water Heater
Laundry Features: First Floor
Rooms: 5
Has Fireplace
Fireplaces: 1
Basement: N
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Detached
Stories (Total): 2
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Size Area: 0.11
Lot Size Units: Acres
Lot Size Acres: 0.11
Zoning: Condo
Parcel Number: M:0148 B:0012 L:0, 4401659
Water Source: Public
Financial Details
Tax Assessed Value: $1,072,500
Tax Annual Amount: $2,906
Utilities Details
Cooling Type: None
Heating Type: Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance
Association Fee Frequency: Monthly
HOA Fee: $105
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 |
|---|---|---|---|---|---|---|---|
|
03/18/2024
|
2 Bed
|
2 Bath
|
1480 ft²
|
$899,000
2 Bed
2 Bath
1480 ft²
|
-
-
|
Willis + Tierney
Compass
| |
|
06/05/2023
|
2 Bed
|
1 Bath
|
972 ft²
|
$775,000
2 Bed
1 Bath
972 ft²
|
$775,000
06/29/2023
|
Ruocco Group
Compass
| |
|
10/04/2022
|
2 Bed
|
1 Bath
|
-
|
$785,000
2 Bed
1 Bath
|
-
-
|
Aranson Maguire Group
Compass
| |
|
08/03/2021
|
2 Bed
|
2 Bath
|
1480 ft²
|
$649,000
2 Bed
2 Bath
1480 ft²
|
$640,000
-1.39%
10/07/2021
|
Christine Tierney
Compass
| |
|
05/04/2021
|
2 Bed
|
1 Bath
|
972 ft²
|
$499,000
2 Bed
1 Bath
972 ft²
|
$577,105
+15.65%
06/15/2021
|
Haley Paster Scimone
Sagan Harborside Sotheby's International Realty
| |
|
09/03/1998
|
2 Bed
|
2 Bath
|
870 ft²
|
$199,000
2 Bed
2 Bath
870 ft²
|
$187,000
-6.03%
11/23/1998
|
Mary Lane Cairns
Coldwell Banker Realty - Marblehead
| |
|
01/09/1997
|
2 Bed
|
2 Bath
|
1295 ft²
|
$209,000
2 Bed
2 Bath
1295 ft²
|
$185,000
-11.48%
05/16/1997
|
Lisa Caponigro
Coldwell Banker Residential Brokerage - Danvers
|
Building Info
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