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Marblehead 01945
7 Sunset Rd
$1,220,000
● House - Off Market

7 Sunset Rd

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,584 Ft²
$1,804,745
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Located in desirable Ocean Park, this home has a little of everything, including a PERMITTED DEEP WATER PIER. Live the oceanfront dream and tie up at your private dock. Enjoy breath-taking sunsets while sipping coffee or cocktails from your deck. Take a dip in the private neighborhood beach below, or launch your kayak for a trip over to historic Salem. Walk 40 feet to your office (over the garage) where you'll also enjoy harbor views.  3 bedrooms and 2.5 baths make this home large enough for a growing family, but small enough for ocean-loving downsizers.  You'll feel like you're on the ocean from virtually every room in the house. A truly unique opportunity to live in a coveted waterfront property with great design potential to make your waterside home dreams come true!
Unit Size
2,584 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$472
Property Type
House
Property Taxes
$999
HOA Dues
$8
Year Built
-

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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: 4 months ago (MLSPIN #72344159)

Price History

Date / Event Date Event Price
Oct 30, 2018 Sold
Premium
Sold
Jun 8, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $1,220,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,230
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000304
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Marblehead School District
  • School Tax School District: MARBLEHEAD SD
  • Census Tract: 203301

Geography

  • Parcel: MARB M:0140 B:0022 L:0
  • Block: 22
  • Municipality: MARBLEHEAD
  • Latitude: 42.5106
  • Longitude: -70.8698

    Address

  • Full Address: 7r Sunset Rd
  • Address - House Number: 7r
  • Address - Street Name: Sunset
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C008
  • 4-Digit Zip Code: 1424
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,653,600

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 1,696,291
  • High Value: 1,959,265
  • Low Value: 1,433,317

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,845,500
  • Assessed Land Value: $1,581,900
  • Assessed Improvements Value: $263,600

    Sales

  • Current Sale Recording Date: Oct 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181030004200
  • Previous Sale Recording Date: Nov 04, 2015
  • 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:

$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# 72344159

Frequently Asked Questions

When was property at 7 Sunset Road built and last sold?
The property at 7 Sunset Road was built in and last sold on Jan 1, 1970 for $1,220,000.
How much is this home worth?
The estimated value of the home located at 7 Sunset Road is $1,244,465.
What are some comparable homes to 7 Sunset Road?
There are currently no comparable homes to 7 Sunset Road.
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