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Marblehead 01945
8 Nashua Avenue
$1,190,000
● House - Off Market

8 Nashua Avenue

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,500 Ft²
$4,095,427
RealtyHop Estimate
221.21%
Since Nov 1, 1999
MA-Boston
Primary Model

About This Property

.CHARMING HARBOR FRONT HOME WITH UNOBSTRUCTED VIEWS FROM MOST ROOMS ON PRIVATE WAY ON MARBLEHEAD NECK. OTHER ROOM IS A MASTER BEDROOM SITTING ROOM.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$510
Property Type
House
Property Taxes
$963
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #30277605)

Price History

Date / Event Date Event Price
Apr 28, 2016 Sold
Premium
Sold
Oct 22, 1999 Sold
Premium
Sold
Nov 23, 1998 Listed $1,275,000
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,347
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,867
  • Total Building Area: 3,553
  • Gross Building Area: 5,107
  • Building Area: 3,553
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,553
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • 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: LSR

Geography

  • District: 168
  • Parcel: MARB M:0922 B:0008 L:0
  • Block: 8
  • Municipality: MARBLEHEAD
  • Latitude: 42.5015
  • Longitude: -70.8364

    Address

  • Full Address: 8 Nashua Ave
  • Address - House Number: 8
  • Address - Street Name: Nashua
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C011
  • 4-Digit Zip Code: 3801
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $3,231,400

    Appraisal Valuation

  • Standard Deviation: 0.1907
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 61
  • Final Value: 3,702,889
  • High Value: 4,409,145
  • Low Value: 2,996,632

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $3,606,500
  • Assessed Land Value: $2,491,500
  • Assessed Improvements Value: $1,115,000

    Sales

  • Current Sale Recording Date: Apr 28, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 698
  • Previous Sale Recording Date: Apr 28, 2016
  • Previous Sale Amount: $2,800,000
  • Previous Sale Document Type: O
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

$549

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30277605

Frequently Asked Questions

When was property at 8 Nashua Avenue built and last sold?
The property at 8 Nashua Avenue was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8 Nashua Avenue is $0.
What are some comparable homes to 8 Nashua Avenue?
There are currently no comparable homes to 8 Nashua Avenue.
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