60 Front St. #3
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2024 | No longer available | - | |
| No longer available | |||
| Apr 4, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 18, 2024 | Listed by Compass | $899,000 | |
| Listed by Compass | |||
| | |||
|
CASH COW INVESTMENT or wonderful primary residence, this fully renovated, bi-level penthouse unit is nestled amongst quaint antique homes in historic Old Town Marblehead and a stone's throw to Marblehead Harbor, Crocker Park and the Landing. Located on the top two floors of a two unit condo building, this property is in pristine condition and provides two off-street tandem parking spaces next to the front door. The easterly facing primary suite is flooded in light in the mornings and features a large walk-in closet, separate office with harbor views and bathroom with tiled shower. Laundry, a living room and decorative fireplace are also on this floor. Up to the top floor is a gorgeous quartz and stainless steel kitchen, adjacent dining area, family room & full bath with tiled shower. This floor is lined in harbor facing windows and skylights. Wide plank original floors have been retained and restored. Enjoy the best of what Marblehead has to offer in time for summer.
| |||
| Oct 7, 2021 | Sold | ||
| Sold | |||
| Aug 3, 2021 | Listed by Compass | $649,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
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
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017