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Marblehead 01945
7 Stacey Court
$614,000
● House - Off Market

7 Stacey Court

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,850 Ft²
$1,041,529
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Enjoy the Marblehead lifestyle from this 3+ bedroom, 2 bath cape-style home located on a tucked away street in the heart of Old Town.  This home sits on a private and unusually spacious lot for the neighborhood.  There is parking for 5-6 cars and a fully fenced, flat backyard.  The property also has a separate outbuilding with electricity.  Other features include wide pine floors, fireplace, first floor bedroom and partially finished basement.  This is the Old Town location you've been waiting for!  Update to suit your tastes and enjoy living steps away from Marblehead's favorite shops, restaurants, beaches and historical landmarks.
Unit Size
1,850 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$324
Property Type
House
Property Taxes
$467
HOA Dues
-
Year Built
1962

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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 #71834807)

Price History

Date / Event Date Event Price
Aug 2, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed by Harborside Sotheby's International Realty $849,000
Listed by Harborside Sotheby's International Realty
Aug 4, 2015 Sold
Premium
Sold
May 12, 2015 Listed by Harborside Sotheby's International Realty $599,900
Listed by Harborside Sotheby's International Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,362
  • Total Building Area: 1,973
  • Gross Building Area: 3,410
  • Building Area: 1,973
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,973
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000169
  • 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: 203302

Zoning

  • Zoning: CR

Geography

  • District: 168
  • Parcel: MARB M:0166 B:0011 L:0
  • Block: 11
  • Municipality: MARBLEHEAD
  • Latitude: 42.5067
  • Longitude: -70.8461

    Address

  • Full Address: 7 Stacey Ct
  • Address - House Number: 7
  • Address - Street Name: Stacey
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C001
  • 4-Digit Zip Code: 3526
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $883,200

    Appraisal Valuation

  • Standard Deviation: 0.1552
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,089,499
  • High Value: 1,258,586
  • Low Value: 920,413

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $985,700
  • Assessed Land Value: $801,200
  • Assessed Improvements Value: $184,500

    Sales

  • Current Sale Contract Date: Aug 02, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210802007000
  • Previous Sale Recording Date: Aug 04, 2015
  • Previous Sale Amount: $614,000
  • 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:

$995,000

Sale Price/ft²

$553

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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# 71834807

Frequently Asked Questions

When was property at 7 Stacey Court built and last sold?
The property at 7 Stacey Court was built in 1962 and last sold on Aug 2, 2021 for $950,000.
How much is this home worth?
The estimated value of the home located at 7 Stacey Court is $878,445.
What are some comparable homes to 7 Stacey Court?
There are currently no comparable homes to 7 Stacey Court.
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