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Marblehead 01945
8 Colonial Ct
$365,000
● House - Off Market

8 Colonial Ct

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
884 Ft²
$545,862
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

This move-in-ready single family home is so convenient to downtown and uptown Marblehead that you'll want to walk everywhere! Hardwood floors, fireplaced living room and granite kitchen counters all make this the perfect 2 bedroom, 1.5 bath year round home or pied-a-terre. There's even a finished, lower level, perfect for your office or expanded laundry room. The front patio, small rear deck and off street parking for your car complete the package nicely.
Unit Size
884 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$417
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1969

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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 #72380197)

Price History

Date / Event Date Event Price
Oct 19, 2018 Sold
Premium
Sold
Aug 16, 2018 Listed by Gibson Sotheby's International Realty $369,000
Listed by Gibson Sotheby's International Realty
Jun 3, 2015 Sold
Premium
Sold
Apr 14, 2015 Listed by Gibson Sotheby's International Realty $324,900
Listed by Gibson Sotheby's International Realty
Jun 25, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 425
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,190
  • Total Building Area: 884
  • Gross Building Area: 1,411
  • Building Area: 884
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 884
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000027
  • 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: 203301

Zoning

  • Zoning: GR

Geography

  • District: 168
  • Parcel: MARB M:0128 B:026G L:0
  • Block: 26G
  • Municipality: MARBLEHEAD
  • Latitude: 42.5034
  • Longitude: -70.8574

    Address

  • Full Address: 8 Colonial Ct
  • Address - House Number: 8
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C040
  • 4-Digit Zip Code: 2403
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $428,300

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 540,354
  • High Value: 631,956
  • Low Value: 448,752

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $478,000
  • Assessed Land Value: $255,900
  • Assessed Improvements Value: $222,100

    Sales

  • Current Sale Recording Date: Oct 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181019002960
  • Previous Sale Recording Date: Jun 03, 2015
  • Previous Sale Amount: $324,900
  • Previous Sale Document Type: O

    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 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72380197

Frequently Asked Questions

When was property at 8 Colonial Court built and last sold?
The property at 8 Colonial Court was built in 1969 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 8 Colonial Court is $377,771.
What are some comparable homes to 8 Colonial Court?
There are currently no comparable homes to 8 Colonial Court.
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