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Marblehead 01945
9 Arthur Ave
$639,000
● House - Off Market

9 Arthur Ave

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,632 Ft²
$875,184
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

An real opportunity awaits in the desirable Chapel Pines Neighborhood! Located on a beautiful tree lined street known for classic architecture and large lots, this home sits on over 13,000 square feet of land making this offering appealing to buyers looking to renovate or expand or just shine up a classic colonial home. The neighborhood is surrounded by amazing conservation areas. Just steps away you can find the Forest River Conservation Area, Gatchell Park, Wyman Woods, miles of walking trails. Located in the Glover School neighborhood. A must see in one of Marblehead's finest locations!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$398
Property Type
House
Property Taxes
$623
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: 5 months ago (MLSPIN #72660735)

Price History

Date / Event Date Event Price
Jul 10, 2020 Sold
Premium
Sold
May 22, 2020 Listed by William Raveis R.E. & Home Services $649,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 711
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,450
  • Total Building Area: 2,593
  • Gross Building Area: 5,074
  • Building Area: 2,593
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,593
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000309
  • 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:0054 B:0027 L:0
  • Block: 27
  • Municipality: MARBLEHEAD
  • Latitude: 42.4952
  • Longitude: -70.8824

    Address

  • Full Address: 9 Arthur Ave
  • Address - House Number: 9
  • Address - Street Name: Arthur
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C027
  • 4-Digit Zip Code: 1107
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $904,100

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,070,661
  • High Value: 1,254,003
  • Low Value: 887,319

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,009,000
  • Assessed Land Value: $607,200
  • Assessed Improvements Value: $401,800

    Sales

  • Current Sale Contract Date: Jul 06, 2020
  • Current Sale Recording Date: Jul 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200710005590
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

$536

Below Asking

0.01%

Average Days on Market

52

Average Home Size

3052 ft²

Average Home Age

86.1 years

Currently For Sale

36 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72660735

Frequently Asked Questions

When was property at 9 Arthur Avenue built and last sold?
The property at 9 Arthur Avenue was built in 1930 and last sold on Jul 6, 2020 for $639,000.
How much is this home worth?
The estimated value of the home located at 9 Arthur Avenue is $676,698.
What are some comparable homes to 9 Arthur Avenue?
There are currently no comparable homes to 9 Arthur Avenue.
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