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Marblehead 01945
9 Pitman Rd
$540,000
● House - Off Market

9 Pitman Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,153 Ft²
$899,084
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

Lovely, well-maintained, spacious 4-bdrm cape featuring front-to-back, fireplaced living room, formal dining room, and eat-in kitchen. The property is in very good condition and offers hard-wood floors throughout, a partially finished basement, which is directly accessible to the attached garage.  The wrap-around deck (which needs repair) overlooks a wonderful, large, landscaped lot surrounded by a stone wall. Located in a highly desirable area, this property shows beautifully, offers lots of storage and is a short walk to town, shopping, Redd's Pond and the beach. Any offers received will be reviewed on 7/5 after 5:00 p.m.
Unit Size
2,153 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$251
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
1972

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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: 4 months ago (MLSPIN #72031721)

Price History

Date / Event Date Event Price
Sep 9, 2016 Sold
Premium
Sold
Jul 1, 2016 Listed by Keller Williams Realty Evolution $539,900
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 936
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 2,153
  • Gross Building Area: 3,160
  • Building Area: 2,153
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,153
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000230
  • 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: SR

Geography

  • District: 168
  • Parcel: MARB M:0154 B:0032 L:0
  • Block: 32
  • Municipality: MARBLEHEAD
  • Latitude: 42.5135
  • Longitude: -70.8605

    Address

  • Full Address: 9 Pitman Rd
  • Address - House Number: 9
  • Address - Street Name: Pitman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C003
  • 4-Digit Zip Code: 1433
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $769,300

    Appraisal Valuation

  • Standard Deviation: 0.1706
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 879,973
  • High Value: 1,030,174
  • Low Value: 729,773

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $858,600
  • Assessed Land Value: $569,800
  • Assessed Improvements Value: $288,800

    Sales

  • Current Sale Recording Date: Sep 09, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 113
  • Previous Sale Recording Date: May 05, 2014
  • 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:

$992,000

Sale Price/ft²

$553

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2929 ft²

Average Home Age

96 years

Currently For Sale

41 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# 72031721

Frequently Asked Questions

When was property at 9 Pitman Road built and last sold?
The property at 9 Pitman Road was built in 1972 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 9 Pitman Road is $578,555.
What are some comparable homes to 9 Pitman Road?
There are currently no comparable homes to 9 Pitman Road.
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