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Marblehead 01945
8 Andrews Lane
$950,500
● House - Off Market

8 Andrews Lane

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,464 Ft²
$2,005,391
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

Marblehead Neck home located at the end of a lane within sight and sound of Marblehead's harbor.  Walls of windows and french doors and skylights let in the light (even on an overcast day). The 1st floor offers an open concept, living, sitting, dining area with access to an outside deck and yard,+ a large kitchen with maple cabinetry. The 2nd floor offers a sitting room w/a second fireplace, a large office plus master bed rm and bath. The 3rd floor consists of 3 bedrooms and a large bth and deck
Unit Size
3,464 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$284
Property Type
House
Property Taxes
$923
HOA Dues
-
Year Built
1900

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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 #71392499)

Price History

Date / Event Date Event Price
Aug 24, 2012 Sold
Premium
Sold
Jun 5, 2012 Listed by Coldwell Banker Residential Brokerage - Marblehead $985,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 365
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,881
  • Total Building Area: 3,823
  • Gross Building Area: 5,291
  • Building Area: 3,823
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,823
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000204
  • 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: LSR

Geography

  • District: 168
  • Parcel: MARB M:0919 B:0008 L:0
  • Block: 8
  • Municipality: MARBLEHEAD
  • Latitude: 42.4992
  • Longitude: -70.8369

    Address

  • Full Address: 8 Andrews Ln
  • Address - House Number: 8
  • Address - Street Name: Andrews
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C011
  • 4-Digit Zip Code: 3806
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,816,800

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,832,998
  • High Value: 2,118,884
  • Low Value: 1,547,112

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,027,700
  • Assessed Land Value: $1,388,700
  • Assessed Improvements Value: $639,000

    Sales

  • Current Sale Recording Date: Aug 24, 2012
  • Current Sale Price:
    Premium
  • Current 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

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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# 71392499

Frequently Asked Questions

When was property at 8 Andrews Lane built and last sold?
The property at 8 Andrews Lane was built in 1900 and last sold on Jan 1, 1970 for $950,500.
How much is this home worth?
The estimated value of the home located at 8 Andrews Lane is $1,042,772.
What are some comparable homes to 8 Andrews Lane?
There are currently no comparable homes to 8 Andrews Lane.
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