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Marblehead 01945
8 Mechanic Court
$835,000
● House - Off Market

8 Mechanic Court

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,800 Ft²
$1,766,237
RealtyHop Estimate
108.16%
Since Jan 1, 2013
MA-Boston
Primary Model

About This Property

Award winning custom built Victorian shingle style home set in the center of Marblehead's "Old Towne" featuring light filled rooms, 4 bedrooms, 3 decks, & a roof top "Widow's Walk" from where one can see downtown rooftops, church steeples, & Marblehead's harbor filled with boats. Architectural features include 6 gables, whimsical shaped shingles, high ceilings, custom moldings, stunning staircase, & woodburning fireplace with marble mantle. A great opportunity!
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$303
Property Type
House
Property Taxes
$668
HOA Dues
-
Year Built
1987

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71443761)

Price History

Date / Event Date Event Price
Dec 21, 2012 Sold
Premium
Sold
Oct 4, 2012 Listed by Coldwell Banker Residential Brokerage - Marblehead $848,500
Listed by Coldwell Banker Residential Brokerage - Marblehead
May 30, 2000 Sold
Premium
Sold
Feb 11, 2000 Listed $749,900
Listed
TOWN AND HARBOR VIEWS FROM THIS 1987 CUSTOM VICTORIAN STYLE PROVIDES AN EASY AND DELIGHTFUL LIFESTYLE AMIDST HISTORIC DISTRICT. LOADED WITH PERIOD DETAIL,TRUE MOVE-IN CONDITION. WALK STEPS TO HEART OF OLD TOWN, TUCKED AWAY ON QUIET STREET
Jan 8, 1991 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,074
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,400
  • Total Building Area: 2,636
  • Gross Building Area: 4,387
  • Building Area: 2,636
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,636
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TERRACE BAYSIDE CONDO
  • Land Acres: 0000000124
  • 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:0149 B:0030 L:0
  • Block: 30
  • Municipality: MARBLEHEAD
  • Latitude: 42.5062
  • Longitude: -70.8499

    Address

  • Full Address: 8 Mechanic Ct
  • Address - House Number: 8
  • Address - Street Name: Mechanic
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C026
  • 4-Digit Zip Code: 3412
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,244,300

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,217,641
  • High Value: 1,426,231
  • Low Value: 1,009,050

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,388,700
  • Assessed Land Value: $756,600
  • Assessed Improvements Value: $632,100

    Sales

  • Current Sale Recording Date: Dec 21, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jan 08, 1991
  • Previous Sale Amount: $400,000
  • 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:

$995,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2921 ft²

Average Home Age

94.6 years

Currently For Sale

39 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# 71443761

Frequently Asked Questions

When was property at 8 Mechanic Court built and last sold?
The property at 8 Mechanic Court was built in 1987 and last sold on Jan 1, 1970 for $835,000.
How much is this home worth?
The estimated value of the home located at 8 Mechanic Court is $895,942.
What are some comparable homes to 8 Mechanic Court?
There are currently no comparable homes to 8 Mechanic Court.
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