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02738
75 Moorings Road
$2,000,000
● House - Off Market

75 Moorings Road

Marion, MA 02738
bedrooms
6 Beds
bathrooms
3 Baths
square feet
1,825 Ft²
$4,362,229
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model

About This Property

Rare Offering! Private 2.24 acre waterfront property with 239 feet of sandy beach located on Sippican's outer harbor on Converse Point. Homes on this highly desired peninsula of Marion rarely become available making this a unique opportunity to build your dream home or to restore current home to its glory. Original 6 bedroom, 3 bathroom 1,825 sq. ft. Cape Cod style home was built in 1924 and stays very true to its original period details. The home is not winterized but it does have updated electrical systems and has been used for summer enjoyment for 50+ years. Ownership of this magnificent property includes deeded rights to use of Converse Point pier, beach and tennis court. Boat moorings are also available. A true gem that must not be overlooked.
Unit Size
1,825 Ft²
Days on Market
-
Land Size
2.24 acres
Price per sqft
$1,507
Property Type
House
Property Taxes
$1,895
HOA Dues
$1,500
Year Built
1924

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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: 5 months ago (MLSPIN #72143712)

Price History

Date / Event Date Event Price
Nov 17, 2017 Sold
Premium
Sold
Apr 10, 2017 Listed by Converse Company Real Estate $2,750,000
Listed by Converse Company Real Estate
Sep 9, 2003 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 97,462
  • Total Building Area: 1,825
  • Gross Building Area: 3,203
  • Building Area: 1,825
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 1,825
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000002237
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Marion School District
  • Census Tract: 561100

Geography

  • Parcel: MARI M:0020 B:0008 L:0000
  • Block: 8
  • Municipality: MARION
  • Latitude: 41.6764
  • Longitude: -70.7459

    Address

  • Full Address: 75 Moorings Rd
  • Address - House Number: 75
  • Address - Street Name: Moorings
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marion
  • Carrier Code: R005
  • 4-Digit Zip Code: 1836
  • Zip Code: 02738

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,913,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,065,890
  • Assessed Land Value: $2,065,890

    Sales

  • Current Sale Recording Date: Nov 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 101599
  • Previous Sale Recording Date: Sep 09, 2003
  • Previous Sale Amount: $1,700,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Marion

Stats & Trends

Median Asking:

$969,998

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

61

Average Home Size

2459 ft²

Average Home Age

70.6 years

Currently For Sale

33 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: 5 months ago
Data Source: MLS PIN, MLS# 72143712

Frequently Asked Questions

When was property at 75 Moorings Road built and last sold?
The property at 75 Moorings Road was built in 1924 and last sold on Jan 1, 1970 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 75 Moorings Road is $2,720,986.
What are some comparable homes to 75 Moorings Road?
There are currently no comparable homes to 75 Moorings Road.
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