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Marblehead 01945
85 Cornell Rd
$686,000
● House - Off Market

85 Cornell Rd

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,910 Ft²
$1,030,761
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

Turn Key! This home has every update you can imagine. New roof- check! New Anderson Series Windows - check! New gas conversion - check! New heating system- check! New A/C system- check! New Electric - check! The home has a fabulous open floor plan. Start in the mud room with beautiful slate tile and a 'cubby area'. The kitchen features an oversized island with custom ship lap, new appliances, and more. Master bedroom features a walk in closet and a master bathroom. Completely finished lower level with a family room, office and more. There is an outside patio, separate shed and an attached single garage. Located in a very desirable neighborhood with close proximity to both public and private schools, downtown Marblehead, beaches and more. This home is truly special and a must see!
Unit Size
1,910 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$361
Property Type
House
Property Taxes
$434
HOA Dues
-
Year Built
1957

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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 #72258879)

Price History

Date / Event Date Event Price
Apr 4, 2018 Sold
Premium
Sold
Nov 27, 2017 Listed by Sagan Agency REALTORS® $689,900
Listed by Sagan Agency REALTORS®
Sep 25, 2017 Sold
Premium
Sold
Jul 11, 2017 Listed by Sagan Agency REALTORS® $539,000
Listed by Sagan Agency REALTORS®

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,258
  • Total Building Area: 2,440
  • Gross Building Area: 3,216
  • Building Area: 2,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000235
  • 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:0085 B:0035 L:0
  • Block: 35
  • Municipality: MARBLEHEAD
  • Latitude: 42.4952
  • Longitude: -70.8687

    Address

  • Full Address: 85 Cornell Rd
  • Address - House Number: 85
  • Address - Street Name: Cornell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C042
  • 4-Digit Zip Code: 2163
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $744,500

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 952,315
  • High Value: 1,100,111
  • Low Value: 804,519

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $830,900
  • Assessed Land Value: $613,700
  • Assessed Improvements Value: $217,200

    Sales

  • Current Sale Contract Date: Apr 04, 2018
  • Current Sale Recording Date: Apr 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 591649
  • Previous Sale Recording Date: Sep 25, 2017
  • Previous Sale Amount: $500,000
  • 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 months ago
Data Source: MLS PIN, MLS# 72258879

Frequently Asked Questions

When was property at 85 Cornell Road built and last sold?
The property at 85 Cornell Road was built in 1957 and last sold on Apr 4, 2018 for $686,000.
How much is this home worth?
The estimated value of the home located at 85 Cornell Road is $709,067.
What are some comparable homes to 85 Cornell Road?
There are currently no comparable homes to 85 Cornell Road.
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