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Marblehead 01945
8 Cloutmans Lane
Photo of 8 Cloutmans Lane
Sold on Mar 31, 2011

1

Map

$490,000
● House - Off Market

8 Cloutmans Lane

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,904 Ft²
$1,142,926
RealtyHop Estimate
117.70%
Since Apr 1, 2011
MA-Boston
Primary Model

About This Property

Located in a picturesque country setting on one of Marblehead's favorite lanes, this well-proportioned home offers 3+ bedrooms, 3 full baths and a large finished basement, eat-in kitchen, formal dining room and first floor family room. Spacious master suite with beautiful pine floors, walk-in closet and bath.  A custom fence, an ancient apple tree, private rear patio and mature plantings grace the large yard.  Extra -long one car EE attached garage and ample parking for cars and boats.
Unit Size
1,904 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$276
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1986

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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: 7 months ago (MLSPIN #71140512)

Price History

Date / Event Date Event Price
Mar 31, 2011 Sold
Premium
Sold
Sep 21, 2010 Listed by RE/MAX Advantage Real Estate $525,000
Listed by RE/MAX Advantage Real Estate
Aug 1, 2001 Sold
Premium
Sold
May 14, 2001 Listed by RE/MAX Advantage Real Estate $395,000
Listed by RE/MAX Advantage Real Estate
Aug 2, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 952
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,372
  • Total Building Area: 2,475
  • Gross Building Area: 3,144
  • Building Area: 2,475
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,475
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMMA DOLIBER
  • Land Acres: 0000000215
  • 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: 203302

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0158 B:035A L:0
  • Block: 35A
  • Municipality: MARBLEHEAD
  • Latitude: 42.517
  • Longitude: -70.8611

    Address

  • Full Address: 8 Cloutmans Ln
  • Address - House Number: 8
  • Address - Street Name: Cloutmans
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C025
  • 4-Digit Zip Code: 1504
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,047,200

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 992,375
  • High Value: 1,143,369
  • Low Value: 841,381

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,168,800
  • Assessed Land Value: $821,400
  • Assessed Improvements Value: $347,400

    Sales

  • Current Sale Recording Date: Mar 31, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 01, 2001
  • Previous Sale Amount: $413,000
  • 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:

$992,000

Sale Price/ft²

$553

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: 7 months ago
Data Source: MLS PIN, MLS# 71140512

Frequently Asked Questions

When was property at 8 Cloutman's Lane built and last sold?
The property at 8 Cloutman's Lane was built in 1986 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 8 Cloutman's Lane is $0.
What are some comparable homes to 8 Cloutman's Lane?
There are currently no comparable homes to 8 Cloutman's Lane.
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