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Marblehead 01945
71 Atlantic Ave
$617,500
● House - Off Market

71 Atlantic Ave

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath
square feet
751 Ft²
$571,696
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

***No Open House on Sunday, Offer Accepted***Welcome to this charmer on The Avenue!  This nicely appointed home with period details has been well loved and updated.  The first floor boast hardwood floors in the  living room and dining room. The spacious kitchen has stone countertops, stainless steel appliances and plenty of cabinets. The bath is fresh and bright with tiled shower. The two bedrooms are on the second floor with wall to wall carpeting.  This gem was converted to gas with a new Navien 95% efficient combination boiler and tankless water heater in March 2023. New windows, new front and back door installed 2023.
Unit Size
751 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$758
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1883

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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 #73094926)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
Apr 15, 2023 In contract -
In contract
Apr 12, 2023 Listed by Coldwell Banker Realty - Norwell $569,000
Listed by Coldwell Banker Realty - Norwell
May 24, 2021 Sold
Premium
Sold
Apr 8, 2021 Listed by Coldwell Banker Realty - Norwell $465,000
Listed by Coldwell Banker Realty - Norwell
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1883
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 510
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,295
  • Total Building Area: 751
  • Gross Building Area: 1,563
  • Building Area: 751
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 751
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 203200

Zoning

  • Zoning: B1

Geography

  • District: 168
  • Parcel: MARB M:0110 B:0002 L:0
  • Block: 2
  • Municipality: MARBLEHEAD
  • Latitude: 42.4975
  • Longitude: -70.8578

    Address

  • Full Address: 71 Atlantic Ave
  • Address - House Number: 71
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C041
  • 4-Digit Zip Code: 3038
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $437,100

    Appraisal Valuation

  • Standard Deviation: 0.2111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 638,467
  • High Value: 773,286
  • Low Value: 503,648

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $487,800
  • Assessed Land Value: $422,100
  • Assessed Improvements Value: $65,700

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230531005770
  • Previous Sale Recording Date: May 24, 2021
  • Previous Sale Contract Date: May 24, 2021
  • Previous Sale Amount: $490,000
  • 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

$552

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73094926

Frequently Asked Questions

When was property at 71 Atlantic Avenue built and last sold?
The property at 71 Atlantic Avenue was built in 1883 and last sold on May 24, 2023 for $617,500.
How much is this home worth?
The estimated value of the home located at 71 Atlantic Avenue is $556,558.
What are some comparable homes to 71 Atlantic Avenue?
There are currently no comparable homes to 71 Atlantic Avenue.
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