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Marblehead 01945
7 Gerald Road
$600,000
● House - Off Market

7 Gerald Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,331 Ft²
$930,922
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Beautiful Split Level home in desirable Clifton neighborhood! 4 levels of living in this spacious home. 9 Rooms, 2 full and 2 half baths, and a 3 season porch with multiple sets of sliders. Finished basement with private entrance, perfect for large home office, in-law suite, or teen suite. Large family room with fireplace, Side entrance mudroom with laundry room. Professionally landscaped grounds with in ground sprinkler system. Generous sized backyard with a brand new fence. Many updates including newer roof,  hot water tank, and freshly painted exterior. This family home also has central air, 4 heating zones, 2 water meters, 2 car garage, and plenty of closets and storage!
Unit Size
2,331 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$257
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1970

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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 #72175078)

Price History

Date / Event Date Event Price
Aug 1, 2017 Sold
Premium
Sold
Jun 2, 2017 Listed by J. Barrett & Company $599,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,443
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 2,331
  • Gross Building Area: 4,026
  • Building Area: 2,331
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,331
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0044 B:0022 L:0
  • Block: 22
  • Municipality: MARBLEHEAD
  • Latitude: 42.487
  • Longitude: -70.8709

    Address

  • Full Address: 7 Gerald Rd
  • Address - House Number: 7
  • Address - Street Name: Gerald
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C017
  • 4-Digit Zip Code: 2016
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $842,500

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 975,967
  • High Value: 1,142,552
  • Low Value: 809,381

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $940,300
  • Assessed Land Value: $609,500
  • Assessed Improvements Value: $330,800

    Sales

  • Current Sale Recording Date: Aug 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 297
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:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 years

Currently For Sale

38 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# 72175078

Frequently Asked Questions

When was property at 7 Gerald Road built and last sold?
The property at 7 Gerald Road was built in 1970 and last sold on Jan 1, 1970 for $600,000.
How much is this home worth?
The estimated value of the home located at 7 Gerald Road is $639,336.
What are some comparable homes to 7 Gerald Road?
There are currently no comparable homes to 7 Gerald Road.
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