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Marblehead 01945
8 Lorraine Terrace
$360,000
● House - Off Market

8 Lorraine Terrace

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,125 Ft²
$937,624
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

Don't miss this exceptional opportunity to live on one of Marblehead's nicest streets in an oversized Colonial just steps to the Harbor, Schools, and Woodland Trails.  This special home features a balconied living room with cathedral ceiling, large family room  great for entertaining,  master suite,  plus 3 more bedrooms and 3 full baths, fireplace, hardwood floors, deep basement, large 2 car garage, recent gas furnace.  All this home needs is your special touches to make it a showplace.
Unit Size
2,125 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$205
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1960

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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 #71193556)

Price History

Date / Event Date Event Price
Nov 21, 2011 Sold
Premium
Sold
Mar 1, 2011 Listed by Real Property $435,000
Listed by Real Property

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,023
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,370
  • Total Building Area: 2,547
  • Gross Building Area: 3,755
  • Building Area: 2,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,547
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LORRAINE TERRACE
  • 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: 203200

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0105 B:0001 L:0
  • Block: 1
  • Municipality: MARBLEHEAD
  • Latitude: 42.5027
  • Longitude: -70.8714

    Address

  • Full Address: 8 Lorraine Ter
  • Address - House Number: 8
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C010
  • 4-Digit Zip Code: 1334
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $881,800

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,065,795
  • High Value: 1,234,142
  • Low Value: 897,448

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $984,200
  • Assessed Land Value: $651,500
  • Assessed Improvements Value: $332,700

    Sales

  • Current Sale Recording Date: Nov 21, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27

    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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71193556

Frequently Asked Questions

When was property at 8 Lorraine Terrace built and last sold?
The property at 8 Lorraine Terrace was built in 1960 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 8 Lorraine Terrace is $471,783.
What are some comparable homes to 8 Lorraine Terrace?
There are currently no comparable homes to 8 Lorraine Terrace.
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