Marblehead
8 Ferry Ln #3
1
Map
$390,000
●
Condo -
Off Market
8 Ferry Ln #3
Marblehead, MA 01945
2 Beds
1 Bath
739 Ft²
$882,375
RealtyHop Estimate
102.84%
Since Jun 1, 2010
MA-Boston
Primary Model
About This Property
Spectacular mid-harbor waterfront condo with views to Nahant,
Children's Island, causeway, Neck. Heat and hot water included in
condo fee. Right of first refusal for small boat on dock. One of
the best views on the harbor, close to shopping, restaurants, park,
downtown. The same view as $6 million houses right across the
harbor.
Unit Size
739 Ft²
Days on Market
-
Land Size
-
Price per sqft
$589
Property Type
Condo
Property Taxes
$291
HOA Dues
$400
Year Built
1947
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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: 2 years ago (MLSPIN #71022569)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2010 | Sold | ||
| Sold | |||
| Jan 22, 2010 | Listed by Sagan Harborside Sotheby's International Realty | $435,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| | |||
|
Spectacular mid-harbor waterfront condo with views to Nahant, Children's Island, causeway, Neck. Heat and hot water included in condo fee. Right of first refusal for small boat on dock. One of the best views on the harbor, close to shopping, restaurants, park, downtown. The same view as $6 million houses right across the harbor.
| |||
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street, Assigned, Deeded
Interior Details
Full Bathrooms: 1
Appliances: Dishwasher, Disposal, Range, Refrigerator
Flooring Type: Wood, Tile
Door Features: Storm Door(s)
Laundry Features: In Basement
Rooms: 5
Basement: N
Exterior Details
Has Property Attached
Square Footage: 739
Year Built Source: Public Records
Year Built: 1947
Waterfront Features: Waterfront, Harbor, Frontage, Deep Water Access, Direct Access, Public, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Name: Front St. Condominium Association
Building Area Total: 739
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck, Covered, Deck - Wood
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $388,000
Tax Annual Amount: $3,488
Utilities Details
Cooling Type: Other
Heating Type: Baseboard, Oil, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Heat, Road Maintenance
HOA/Condo/Coop Amenities: Hot Water, Laundry, Storage
HOA Fee: $400
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/30/2019
|
2 Bed
|
2 Bath
|
1329 ft²
|
$699,000
2 Bed
2 Bath
1329 ft²
|
$587,500
-15.95%
09/09/2020
|
Jack Attridge
William Raveis R.E. & Home Services
| |
|
01/22/2010
|
2 Bed
|
1 Bath
|
739 ft²
|
$435,000
2 Bed
1 Bath
739 ft²
|
$390,000
-10.34%
05/07/2010
|
Peter Lake
Harborside Sotheby's International Realty
| |
|
04/03/2007
|
2 Bed
|
2 Bath
|
1329 ft²
|
$829,000
2 Bed
2 Bath
1329 ft²
|
$795,000
-4.10%
08/30/2007
|
Judith Toner
William Raveis R.E. & Home Services
| |
|
12/09/2003
|
3 Bed
|
1 Bath
|
900 ft²
|
$549,000
3 Bed
1 Bath
900 ft²
|
$505,000
-8.01%
02/03/2004
|
Peter Lake
Harborside Sotheby's International Realty
|
Building Info
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