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Marblehead 01945
9 Merritt St
$765,000
● House - Off Market

9 Merritt St

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,135 Ft²
$1,064,767
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

This home features extraordinary, museum quality period details. Built before the Revolution this property was originally both a home and bakery for many years. The house still boasts details from these early years as evidenced by its impressive fieldstone foundation, some brick walls/floors, main fireplace and beehive oven. The master bedroom perfectly blends wonderful "Old World" character with a spacious walk-in closet and beautiful newer master bath. There are 3 additional good sized bedrooms, another full bath, 4 additional fireplaces, tall ceilings throughout and beautiful wood floors. The gardens have been designed to afford amazing privacy with comfortable outdoor spaces. All this with a 2-car garage and additional 2-car parking make this a rare Marblehead gem.
Unit Size
2,135 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$360
Property Type
House
Property Taxes
$710
HOA Dues
-
Year Built
1770

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72497272)

Price History

Date / Event Date Event Price
Apr 30, 2020 Sold
Premium
Sold
May 9, 2019 Listed by Sagan Harborside Sotheby's International Realty $769,000
Listed by Sagan Harborside Sotheby's International Realty
Aug 26, 2002 Sold
Premium
Sold
Jun 18, 2002 Listed by Sagan Harborside Sotheby's International Realty $699,000
Listed by Sagan Harborside Sotheby's International Realty
Dec 1, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1770
  • Effective Year Built: 1770
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 798
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,860
  • Total Building Area: 2,135
  • Gross Building Area: 2,534
  • Building Area: 2,135
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,135
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000089
  • 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: 203302

Zoning

  • Zoning: CR

Geography

  • District: 168
  • Parcel: MARB M:0166 B:0034 L:0
  • Block: 34
  • Municipality: MARBLEHEAD
  • Latitude: 42.5055
  • Longitude: -70.8469

    Address

  • Full Address: 9 Merritt St
  • Address - House Number: 9
  • Address - Street Name: Merritt
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C001
  • 4-Digit Zip Code: 3516
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $864,800

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,006,179
  • High Value: 1,162,335
  • Low Value: 850,023

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $965,200
  • Assessed Land Value: $721,600
  • Assessed Improvements Value: $243,600

    Sales

  • Current Sale Contract Date: Apr 28, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200430004210
  • Previous Sale Recording Date: Aug 26, 2002
  • Previous Sale Amount: $670,000
  • 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:

$995,000

Sale Price/ft²

$538

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2977 ft²

Average Home Age

88.5 years

Currently For Sale

37 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: 5 months ago
Data Source: MLS PIN, MLS# 72497272

Frequently Asked Questions

When was property at 9 Merritt Street built and last sold?
The property at 9 Merritt Street was built in 1770 and last sold on Apr 28, 2020 for $765,000.
How much is this home worth?
The estimated value of the home located at 9 Merritt Street is $804,509.
What are some comparable homes to 9 Merritt Street?
There are currently no comparable homes to 9 Merritt Street.
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