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Marblehead 01945
7 Stony Brook
$365,000
● House - Off Market

7 Stony Brook

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,076 Ft²
$541,860
RealtyHop Estimate
61.75%
Since Mar 1, 2017
MA-Boston
Primary Model

About This Property

Quaint three bedroom bungalow, situated in a quintessential Marblehead neighborhood. Just a few blocks from historic old town, and only steps away from Redd's Pond and Steer Swamp Conservation Area. There is a nearby path which leads to the Community Store and it's a short walk to Grace Oliver's Beach. The lot offers two off street parking spaces, a private brick patio, and a storage shed. This is a perfect condo alternative.
Unit Size
1,076 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$311
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 5 months ago (MLSPIN #72102609)

Price History

Date / Event Date Event Price
Feb 10, 2017 Sold
Premium
Sold
Dec 19, 2016 Listed by William Raveis R.E. & Home Services $335,000
Listed by William Raveis R.E. & Home Services
Jul 20, 2005 Sold
Premium
Sold
Mar 22, 2005 Listed $439,000
Listed
Charming three bedroom cottage. Steps to Redd's Pond and walking distance to Grace Oliver's Beach. Two-car brick driveway and private patio.
May 1, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 520
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,290
  • Total Building Area: 1,094
  • Gross Building Area: 1,614
  • Building Area: 1,094
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,094
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HINES PARK
  • Land Acres: 0000000053
  • 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: SR

Geography

  • District: 168
  • Parcel: MARB M:0162 B:0035 L:0
  • Block: 35
  • Municipality: MARBLEHEAD
  • Latitude: 42.511
  • Longitude: -70.8506

    Address

  • Full Address: 7 Stony Brook Rd
  • Address - House Number: 7
  • Address - Street Name: Stony Brook
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C002
  • 4-Digit Zip Code: 2517
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $488,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 663,418
  • High Value: 780,373
  • Low Value: 546,463

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $544,600
  • Assessed Land Value: $453,700
  • Assessed Improvements Value: $90,900

    Sales

  • Current Sale Recording Date: Feb 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 345
  • Previous Sale Recording Date: Mar 01, 2012
  • 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

$536

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3052 ft²

Average Home Age

86.1 years

Currently For Sale

36 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: 5 months ago
Data Source: MLS PIN, MLS# 72102609

Frequently Asked Questions

When was property at 7 Stony Brook Road built and last sold?
The property at 7 Stony Brook Road was built in 1945 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 7 Stony Brook Road is $356,284.
What are some comparable homes to 7 Stony Brook Road?
There are currently no comparable homes to 7 Stony Brook Road.
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