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Marblehead 01945
8 Ames Rd
$544,000
● House - Off Market

8 Ames Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,154 Ft²
$841,628
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

You'll love this 4 bedroom, 3 bath home walking distance to Preston Beach.  Situated on a family friendly small street that leads to the beginning of Marblehead's bike path.  Close to schools, parks and backs up to quiet town owned maintained field/land. Easy access for commuters, it is right off of Atlantic Ave.  This house boasts a newly renovated kitchen, open floor plan, 2 fireplaces and hardwood floors. Split plan with 3 bedrooms, 2 baths on upper level. Fabulous lower level with family room, and bonus bedroom/bath with private entrance. New roof, Large shed with loft, plenty of storage. Large driveway provides plenty of parking. Chosen to be on HGTV's home show.
Unit Size
2,154 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$260
Property Type
House
Property Taxes
$488
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 #72240936)

Price History

Date / Event Date Event Price
Mar 12, 2018 Sold
Premium
Sold
Oct 10, 2017 Listed by Coldwell Banker Residential Brokerage - Marblehead $559,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 3
  • Basement Area: 1,665
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,495
  • Total Building Area: 2,373
  • Gross Building Area: 2,886
  • Building Area: 2,373
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,373
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0026 B:0023 L:0
  • Block: 23
  • Municipality: MARBLEHEAD
  • Latitude: 42.4833
  • Longitude: -70.8755

    Address

  • Full Address: 8 Ames Rd
  • Address - House Number: 8
  • Address - Street Name: Ames
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C017
  • 4-Digit Zip Code: 2702
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $658,800

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 895,379
  • High Value: 1,048,706
  • Low Value: 742,053

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $735,300
  • Assessed Land Value: $537,000
  • Assessed Improvements Value: $198,300

    Sales

  • Current Sale Contract Date: Mar 05, 2018
  • Current Sale Recording Date: Mar 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 591067
  • Previous Sale Recording Date: May 13, 2009
  • Previous Sale Document Type: 48
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72240936

Frequently Asked Questions

When was property at 8 Ames Road built and last sold?
The property at 8 Ames Road was built in 1962 and last sold on Mar 5, 2018 for $544,000.
How much is this home worth?
The estimated value of the home located at 8 Ames Road is $597,112.
What are some comparable homes to 8 Ames Road?
There are currently no comparable homes to 8 Ames Road.
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