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Marblehead 01945
8 Preston Beach Rd
$725,000
● House - Off Market

8 Preston Beach Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,354 Ft²
$1,131,741
RealtyHop Estimate
56.10%
Since Nov 1, 2017
MA-Boston
Primary Model

About This Property

A true family home, this lovely center entrance brick colonial is located on a quiet, dead end street just seconds from Preston Beach. First floor features spacious formal living room with wood burning fireplace and box beam ceilings, adjacent sun room with French doors leading to sunny side deck. Gracious and formal dining flank updated kitchen with granite counters, stainless steel appliances and breakfast banquet.  Large family room with French doors leading to outdoor patio.  Four bedrooms, including a master bedroom suite and an additional guest bath flank the spacious second level landing.  Additional sunroom/playroom/study.  Possible expansion opportunity via a full set of stairs to existing attic.  All this and rear entry mud-room/laundry room/bonus 1/2 bath.  Parking for 3 cars at the rear of the home.
Unit Size
3,354 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$216
Property Type
House
Property Taxes
$625
HOA Dues
-
Year Built
1930

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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 #72164438)

Price History

Date / Event Date Event Price
Oct 6, 2017 Sold
Premium
Sold
May 15, 2017 Listed by Gibson Sotheby's International Realty $725,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,232
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,910
  • Total Building Area: 3,354
  • Gross Building Area: 5,139
  • Building Area: 3,354
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,354
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000159
  • 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

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0007 B:0012 L:0
  • Block: 12
  • Municipality: MARBLEHEAD
  • Latitude: 42.4802
  • Longitude: -70.8806

    Address

  • Full Address: 8 Preston Beach Rd
  • Address - House Number: 8
  • Address - Street Name: Preston Beach
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C023
  • 4-Digit Zip Code: 1725
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,205,100

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,242,768
  • High Value: 1,455,664
  • Low Value: 1,029,873

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,345,000
  • Assessed Land Value: $827,500
  • Assessed Improvements Value: $517,500

    Sales

  • Current Sale Contract Date: Oct 03, 2017
  • Current Sale Recording Date: Oct 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 586879
  • Previous Sale Recording Date: Aug 09, 2016
  • Previous Sale Contract Date: Jun 03, 2016
  • 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

$550

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2897 ft²

Average Home Age

93.6 years

Currently For Sale

42 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# 72164438

Frequently Asked Questions

When was property at 8 Preston Beach Road built and last sold?
The property at 8 Preston Beach Road was built in 1930 and last sold on Oct 3, 2017 for $725,000.
How much is this home worth?
The estimated value of the home located at 8 Preston Beach Road is $794,345.
What are some comparable homes to 8 Preston Beach Road?
There are currently no comparable homes to 8 Preston Beach Road.
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