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Marblehead 01945
8 Mason St
Photo of 8 Mason St
Sold on Dec 11, 2007

1

Map

$491,000
● House - Off Market

8 Mason St

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,419 Ft²
$1,081,016
RealtyHop Estimate
96.91%
Since Jan 1, 2008
MA-Boston
Primary Model

About This Property

Tucked away on a quiet street in Old Town, this cozy and romantic antique home offers 3 or 4 bedrooms, (attic garret is optional guest room), 1 1/2 baths,  living room with fireplace, dining room, galley kitchen, two stairways, master with fireplace, and original period detail and character.  A private fenced  yard provides two parking spaces and a useful cobblers storage shed. Enjoy seaside village living and stroll along winding streets to the harbor, grocery, banks, restaurants, and shops.
Unit Size
1,419 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$387
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1850

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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 #70554181)

Price History

Date / Event Date Event Price
Dec 11, 2007 Sold
Premium
Sold
Apr 6, 2007 Listed $549,000
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • 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: 640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,718
  • Total Building Area: 1,419
  • Gross Building Area: 2,316
  • Building Area: 1,419
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,419
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000039
  • 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: CR

Geography

  • District: 168
  • Parcel: MARB M:0133 B:0001 L:0
  • Block: 1
  • Municipality: MARBLEHEAD
  • Latitude: 42.5031
  • Longitude: -70.8511

    Address

  • Full Address: 8 Mason St
  • Address - House Number: 8
  • Address - Street Name: Mason
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C005
  • 4-Digit Zip Code: 3302
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $690,300

    Appraisal Valuation

  • Standard Deviation: 0.2096
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 843,840
  • High Value: 1,020,754
  • Low Value: 666,927

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $770,400
  • Assessed Land Value: $558,400
  • Assessed Improvements Value: $212,000

    Sales

  • Current Sale Recording Date: Dec 11, 2007
  • Current Sale Price:
    Premium
  • Current 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: 4 months ago
Data Source: MLS PIN, MLS# 70554181

Frequently Asked Questions

When was property at 8 Mason Street built and last sold?
The property at 8 Mason Street was built in 1850 and last sold on Jan 1, 1970 for $491,000.
How much is this home worth?
The estimated value of the home located at 8 Mason Street is $562,863.
What are some comparable homes to 8 Mason Street?
There are currently no comparable homes to 8 Mason Street.
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