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Marblehead 01945
7 Colonial Ct
$536,000
● House - Off Market

7 Colonial Ct

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,291 Ft²
$508,854
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Enjoy the in-town lifestyle.  Walk to all conveniences from this bright and charming 2 bedroom, 1.5 bath townhouse.  Tucked away right in the heart of downtown Marblehead, this home features hardwood floors, a lower level home office, a cozy fireplaced living room with a bay window welcoming great natural light, two spacious bedrooms with ample closets and a kitchen with access to a backyard deck complete with views of Abbot Hall. Walk to beaches, shops, restaurants, pubs, parks and all the wonders that Marblehead has to offer.
Unit Size
1,291 Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$387
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1969

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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 #72948036)

Price History

Date / Event Date Event Price
Apr 5, 2022 Sold
Premium
Sold
Mar 2, 2022 Listed by Sagan Harborside Sotheby's International Realty $499,000
Listed by Sagan Harborside Sotheby's International Realty
Sep 30, 2019 Sold
Premium
Sold
Jul 30, 2019 Listed by Sagan Harborside Sotheby's International Realty $399,900
Listed by Sagan Harborside Sotheby's International Realty
Oct 26, 2017 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 3
  • Basement Area: 850
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 940
  • Total Building Area: 1,291
  • Gross Building Area: 1,426
  • Building Area: 1,291
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,291
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOSS ENGINEERING CO
  • Land Acres: 0000000022
  • 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: 203301

Zoning

  • Zoning: GR

Geography

  • District: 168
  • Parcel: MARB M:0128 B:026J L:0
  • Block: 26J
  • Municipality: MARBLEHEAD
  • Latitude: 42.5031
  • Longitude: -70.8574

    Address

  • Full Address: 7 Colonial Ct
  • Address - House Number: 7
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C040
  • 4-Digit Zip Code: 2403
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $428,600

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 510,350
  • High Value: 596,866
  • Low Value: 423,834

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $478,300
  • Assessed Land Value: $202,100
  • Assessed Improvements Value: $276,200

    Sales

  • Current Sale Contract Date: Apr 05, 2022
  • Current Sale Recording Date: Apr 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220405000730
  • Previous Sale Recording Date: Sep 30, 2019
  • Previous Sale Contract Date: Sep 30, 2019
  • Previous Sale Amount: $398,400
  • 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:

$992,000

Sale Price/ft²

$553

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72948036

Frequently Asked Questions

When was property at 7 Colonial Court built and last sold?
The property at 7 Colonial Court was built in 1969 and last sold on Apr 5, 2022 for $536,000.
How much is this home worth?
The estimated value of the home located at 7 Colonial Court is $509,822.
What are some comparable homes to 7 Colonial Court?
There are currently no comparable homes to 7 Colonial Court.
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