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Marblehead 01945
8 Waterside Road
$525,000
● House - Off Market

8 Waterside Road

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,361 Ft²
$482,502
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

"Bring your imagination – and toolbox - to this desirable Location off West Shore Drive!  Rare opportunity to build YOUR OWN equity and make this exactly as you dream of your 'Home-Sweet' Home. Currently 2 bedrooms, this ranch home could easily become 3 bedrooms, PLUS the walkout lower level would make a fabulous family room – even offering a garage under! Just short distance to downtown, beach & playground, don't let this opportunity pass you by!" Open house Sunday March 21 @ 11:30- 1:00 Covid protocol- Mask required.
Unit Size
1,361 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$301
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1955

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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 #72800293)

Price History

Date / Event Date Event Price
Apr 22, 2021 Sold
Premium
Sold
Mar 18, 2021 Listed by Coldwell Banker Realty - Marblehead $409,000
Listed by Coldwell Banker Realty - Marblehead
Jul 21, 2006 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,330
  • Total Building Area: 1,104
  • Gross Building Area: 2,290
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • 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: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0144 B:0015 L:0
  • Block: 15
  • Municipality: MARBLEHEAD
  • Latitude: 42.5103
  • Longitude: -70.8598

    Address

  • Full Address: 8 Waterside Rd
  • Address - House Number: 8
  • Address - Street Name: Waterside
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C029
  • 4-Digit Zip Code: 1438
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $570,300

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 671,407
  • High Value: 780,329
  • Low Value: 562,484

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $636,500
  • Assessed Land Value: $514,500
  • Assessed Improvements Value: $122,000

    Sales

  • Current Sale Contract Date: Apr 22, 2021
  • Current Sale Recording Date: Apr 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210422003680
  • Previous Sale Recording Date: Jul 21, 2006
  • Previous Sale Amount: $330,000
  • 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:

$950,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2930 ft²

Average Home Age

93.8 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72800293

Frequently Asked Questions

When was property at 8 Waterside Road built and last sold?
The property at 8 Waterside Road was built in 1955 and last sold on Apr 22, 2021 for $525,000.
How much is this home worth?
The estimated value of the home located at 8 Waterside Road is $438,111.
What are some comparable homes to 8 Waterside Road?
There are currently no comparable homes to 8 Waterside Road.
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