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Marblehead 01945
8 Lawrence Dr
Photo of 8 Lawrence Dr
Sold on Feb 23, 2006

1

Map

$1,532,000
● House - Off Market

8 Lawrence Dr

Marblehead, MA 01945
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,666 Ft²
$2,982,427
RealtyHop Estimate
80.75%
Since Mar 1, 2006
MA-Boston
Primary Model

About This Property

Magnificent  five bedroom, four bath, custom built home situated on an acre of secluded, private grounds.   Beautiful mature landscaping on the outside and numerous custom features throughout, this fabulous home is one of Marblehead's true gems.  Three large fireplaces, two laundry rooms, two family rooms and a three car garage are just a few of the special features included in this gorgeous country setting. Au pair/guest suite. No detail has been spared in the design of this luxurious home.
Unit Size
4,666 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$354
Property Type
House
Property Taxes
$808
HOA Dues
-
Year Built
1994

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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: 5 months ago (MLSPIN #70290218)

Price History

Date / Event Date Event Price
Feb 23, 2006 Sold
Premium
Sold
Nov 3, 2005 Listed $1,650,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 1,778
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,410
  • Total Building Area: 4,867
  • Gross Building Area: 7,560
  • Building Area: 4,867
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,867
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000974
  • 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

Geography

  • District: 168
  • Parcel: MARB M:0044 B:001A L:0
  • Block: 1A
  • Municipality: MARBLEHEAD
  • Latitude: 42.4863
  • Longitude: -70.8723

    Address

  • Full Address: 8 Lawrence Dr
  • Address - House Number: 8
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C017
  • 4-Digit Zip Code: 2713
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,865,700

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 2,258,524
  • High Value: 2,604,399
  • Low Value: 1,912,649

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $2,082,200
  • Assessed Land Value: $1,016,300
  • Assessed Improvements Value: $1,065,900

    Sales

  • Current Sale Recording Date: Feb 23, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 03, 2003
  • 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:

$974,500

Sale Price/ft²

$540

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2975 ft²

Average Home Age

93.1 years

Currently For Sale

37 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70290218

Frequently Asked Questions

When was property at 8 Lawrence Drive built and last sold?
The property at 8 Lawrence Drive was built in 1994 and last sold on Jan 1, 1970 for $1,532,000.
How much is this home worth?
The estimated value of the home located at 8 Lawrence Drive is $1,659,148.
What are some comparable homes to 8 Lawrence Drive?
There are currently no comparable homes to 8 Lawrence Drive.
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