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Marblehead 01945
8 Ruby Avenue
$700,000
● House - Off Market

8 Ruby Avenue

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,985 Ft²
$1,147,855
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Located in the Glover School District, within close proximity to Preston Beach offering easy access to commuter routes and shopping at Vinnin Square. This 4 bedroom, 3 1/2 bath Colonial has had two additions, featuring an open kitchen/family room, mud room plus a two room master bedroom suite. It also includes an au pair or in-law suite in the lower level. Spacious fenced yard, perennial gardens, raised beds, storage shed, plus a heated garage.The size of this spacious home is deceiving from the street as you drive by, seemingly much smaller than it really is!
Unit Size
2,985 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$231
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
1974

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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 #72002535)

Price History

Date / Event Date Event Price
Aug 24, 2016 Sold
Premium
Sold
May 10, 2016 Listed by Coldwell Banker Residential Brokerage - Marblehead $689,000
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 10,322
  • Total Building Area: 3,629
  • Gross Building Area: 4,464
  • Building Area: 3,629
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,629
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000237
  • 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:0013 B:009D L:0
  • Block: 9D
  • Municipality: MARBLEHEAD
  • Latitude: 42.4845
  • Longitude: -70.8878

    Address

  • Full Address: 8 Ruby Ave
  • Address - House Number: 8
  • Address - Street Name: Ruby
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C022
  • 4-Digit Zip Code: 1623
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $922,400

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,144,984
  • High Value: 1,341,054
  • Low Value: 948,915

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,029,500
  • Assessed Land Value: $601,300
  • Assessed Improvements Value: $428,200

    Sales

  • Current Sale Recording Date: Aug 24, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 241
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# 72002535

Frequently Asked Questions

When was property at 8 Ruby Avenue built and last sold?
The property at 8 Ruby Avenue was built in 1974 and last sold on Jan 1, 1970 for $700,000.
How much is this home worth?
The estimated value of the home located at 8 Ruby Avenue is $748,522.
What are some comparable homes to 8 Ruby Avenue?
There are currently no comparable homes to 8 Ruby Avenue.
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