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Marblehead 01945
9 Reed St.
$750,000
● House - Off Market

9 Reed St.

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,195 Ft²
$1,138,812
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Perfectly located and meticulously maintained this Antique Colonial combines the charms of old and new.   Beautiful stained glass front door leads you into an open living and dining area with custom plantation shutters and built-in.  Breakfast bar overlooks a cooks  kitchen with sunlight pouring in and a half bath completing the 1st floor.  2nd floor greets you with an inviting family room, brilliant light, a fireplace and entry into the master suite where you will find a one of a kind master bath.  3rd floor has an additional 3 bedrooms and a full bath with washer/dryer.  Wide pine floors throughout and ample storage in the unfinished basement.  Just steps to coffee shops, restaurants, rail trail, parks, play grounds, beaches and all the treasures of Marblehead.
Unit Size
2,195 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$364
Property Type
House
Property Taxes
$572
HOA Dues
-
Year Built
1850

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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 #72486565)

Price History

Date / Event Date Event Price
Jul 25, 2019 Sold
Premium
Sold
Apr 23, 2019 Listed by Coldwell Banker Residential Brokerage - Cambridge $799,000
Listed by Coldwell Banker Residential Brokerage - Cambridge
Aug 11, 2014 Sold
Premium
Sold
May 31, 2014 Listed by Coldwell Banker Residential Brokerage - Cambridge $649,900
Listed by Coldwell Banker Residential Brokerage - Cambridge
Feb 15, 2012 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,220
  • Total Building Area: 2,195
  • Gross Building Area: 2,976
  • Building Area: 2,195
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,195
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARBLEHEAD
  • Land Acres: 0000000097
  • 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: GR

Geography

  • District: 168
  • Parcel: MARB M:0117 B:0007 L:0
  • Block: 7
  • Municipality: MARBLEHEAD
  • Latitude: 42.5022
  • Longitude: -70.8606

    Address

  • Full Address: 9 Reed St
  • Address - House Number: 9
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C040
  • 4-Digit Zip Code: 2354
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $828,100

    Appraisal Valuation

  • Standard Deviation: 0.2096
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,015,492
  • High Value: 1,228,393
  • Low Value: 802,591

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $924,200
  • Assessed Land Value: $362,100
  • Assessed Improvements Value: $562,100

    Sales

  • Current Sale Contract Date: Jul 21, 2019
  • Current Sale Recording Date: Jul 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190725002260
  • Previous Sale Recording Date: Aug 11, 2014
  • Previous Sale Amount: $640,000
  • Previous Sale Document Type: O
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

$552

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72486565

Frequently Asked Questions

When was property at 9 Reed Street built and last sold?
The property at 9 Reed Street was built in 1850 and last sold on Jul 21, 2019 for $750,000.
How much is this home worth?
The estimated value of the home located at 9 Reed Street is $820,088.
What are some comparable homes to 9 Reed Street?
There are currently no comparable homes to 9 Reed Street.
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