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Marblehead 01945
9 Ramsay Road
$479,000
● House - Off Market

9 Ramsay Road

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$643,831
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Move in condition, one level living located on a quiet side street near LH Coffin Elementary School. Nearby parks, beach and downtown area. Fireplaced living room, two bedrooms, eat in kitchen. Hardwood floors. Deck off master bedroom. Two rooms on lower level finished for more living area. Plenty of parking. Updated heating system, hot water. Great opportunity to buy a home in Marblehead.  ***Open house Saturday 6/20 from 1:00 to 3:00 ***   Must see to appreciate!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$346
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1950

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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 #72649732)

Price History

Date / Event Date Event Price
Aug 12, 2020 Sold
Premium
Sold
Apr 30, 2020 Listed by Coast & Country Real Estate $485,000
Listed by Coast & Country Real Estate
Oct 30, 2000 Sold
Premium
Sold
Jun 20, 2000 Listed by Coast & Country Real Estate $259,900
Listed by Coast & Country Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,006
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,157
  • Gross Building Area: 2,284
  • Building Area: 1,157
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,157
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 203301

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0144 B:0022 L:0
  • Block: 22
  • Municipality: MARBLEHEAD
  • Latitude: 42.5096
  • Longitude: -70.8613

    Address

  • Full Address: 9 Ramsey Rd
  • Address - House Number: 9
  • Address - Street Name: Ramsey
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C029
  • 4-Digit Zip Code: 1435
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $531,100

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 670,477
  • High Value: 788,677
  • Low Value: 552,278

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $592,700
  • Assessed Land Value: $494,500
  • Assessed Improvements Value: $98,200

    Sales

  • Current Sale Contract Date: Aug 05, 2020
  • Current Sale Recording Date: Aug 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200812004300
  • Previous Sale Recording Date: Oct 30, 2000
  • Previous Sale Amount: $260,000
  • 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:

$955,000

Sale Price/ft²

$549

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2924 ft²

Average Home Age

95 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72649732

Frequently Asked Questions

When was property at 9 Ramsay Road built and last sold?
The property at 9 Ramsay Road was built in 1950 and last sold on Aug 5, 2020 for $479,000.
How much is this home worth?
The estimated value of the home located at 9 Ramsay Road is $497,068.
What are some comparable homes to 9 Ramsay Road?
There are currently no comparable homes to 9 Ramsay Road.
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