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Marblehead 01945
9 Commercial St
$599,000
● House - Off Market

9 Commercial St

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,575 Ft²
$634,978
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

Location, location, location! Have you been dreaming about a cozy home that is centrally located in downtown Marblehead? This shipyard district home has off-street parking AND a 1-car garage, plus many 2015 updates and improvements that include mini-splits for a/c and heat, a gas furnace, a hot water tank, walnut floors, a new roof, and a gas fireplace! There is also a fenced-in backyard and patio. Close to beaches and shops. Please allow 24 hours for a response.
Unit Size
1,575 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$380
Property Type
House
Property Taxes
$424
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 months ago (MLSPIN #73067725)

Price History

Date / Event Date Event Price
Feb 17, 2023 Sold
Premium
Sold
Jan 12, 2023 In contract -
In contract
Jan 3, 2023 Listed by Coldwell Banker Realty - Marblehead $599,000
Listed by Coldwell Banker Realty - Marblehead
Apr 13, 2015 Sold
Premium
Sold
Dec 1, 2014 Listed by Coldwell Banker Realty - Marblehead $399,000
Listed by Coldwell Banker Realty - Marblehead
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,050
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,800
  • Total Building Area: 1,575
  • Gross Building Area: 3,370
  • Building Area: 1,575
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,575
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000064
  • 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: 203200

Zoning

  • Zoning: B1

Geography

  • District: 168
  • Parcel: MARB M:0110 B:0013 L:0
  • Block: 13
  • Municipality: MARBLEHEAD
  • Latitude: 42.4986
  • Longitude: -70.8566

    Address

  • Full Address: 9 Commercial St
  • Address - House Number: 9
  • Address - Street Name: Commercial
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C041
  • 4-Digit Zip Code: 3170
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $623,300

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 721,278
  • High Value: 845,170
  • Low Value: 597,386

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $695,700
  • Assessed Land Value: $525,800
  • Assessed Improvements Value: $169,900

    Sales

  • Current Sale Contract Date: Feb 17, 2023
  • Current Sale Recording Date: Feb 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230217000530
  • Previous Sale Recording Date: Jul 03, 2015
  • 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

$546

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2929 ft²

Average Home Age

95.1 years

Currently For Sale

38 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73067725

Frequently Asked Questions

When was property at 9 Commercial Street built and last sold?
The property at 9 Commercial Street was built in 1955 and last sold on Feb 17, 2023 for $599,000.
How much is this home worth?
The estimated value of the home located at 9 Commercial Street is $612,667.
What are some comparable homes to 9 Commercial Street?
There are currently no comparable homes to 9 Commercial Street.
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