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Marblehead 01945
60 Prospect Street
$430,000
● House - Off Market

60 Prospect Street

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath
square feet
910 Ft²
$420,560
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Great opportunity for a contractor & investor. Original structure is 2 bedrooms, 1 bathroom, 910 SF with a concrete basement foundation.  This property has not been occupied since 2015 and is condemned by the town. No interior access will be permitted until on or after the sale September 9, 2023.  Terrific central location close to downtown Marblehead, baseball field, and Public Schools. Buyer responsible for their own due diligence. Will not qualify for conventional financing, being sold As-Is, CASH - or Rehab Loan only. Property is owned outright by a 3rd party company. Please allow 48 hour response time when presenting an offer.
Unit Size
910 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$467
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1880

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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 #73105575)

Price History

Date / Event Date Event Price
Sep 20, 2023 Sold
Premium
Sold
May 10, 2023 In contract -
In contract
May 1, 2023 Listed by Coldwell Banker Realty - Marblehead $425,000
Listed by Coldwell Banker Realty - Marblehead
Sep 20, 2022 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 520
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Total Building Area: 910
  • Gross Building Area: 1,588
  • Building Area: 910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 910
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • 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: CR

Geography

  • District: 168
  • Parcel: MARB M:0110 B:0039 L:0
  • Block: 39
  • Municipality: MARBLEHEAD
  • Latitude: 42.4981
  • Longitude: -70.8589

    Address

  • Full Address: 60 Prospect St
  • Address - House Number: 60
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C043
  • 4-Digit Zip Code: 3155
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $595,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1892
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 56
  • Final Value: 429,999
  • High Value: 559,296
  • Low Value: 300,703

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $664,400
  • Assessed Land Value: $576,400
  • Assessed Improvements Value: $88,000

    Sales

  • Current Sale Contract Date: Sep 14, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 51
  • Current Sale Input Document Number: 20230920001250
  • Previous Sale Recording Date: Sep 20, 2022
  • Previous Sale Contract Date: Sep 19, 2022
  • Previous Sale Amount: $298,137
  • Previous 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

$552

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2929 ft²

Average Home Age

96 years

Currently For Sale

41 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: 4 months ago
Data Source: MLS PIN, MLS# 73105575

Frequently Asked Questions

When was property at 60 Prospect Street built and last sold?
The property at 60 Prospect Street was built in 1880 and last sold on Sep 14, 2023 for $430,000.
How much is this home worth?
The estimated value of the home located at 60 Prospect Street is $434,081.
What are some comparable homes to 60 Prospect Street?
There are currently no comparable homes to 60 Prospect Street.
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