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Marblehead 01945
9 Rockaway Ave
$480,000
● House - Off Market

9 Rockaway Ave

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,947 Ft²
$869,342
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Come see the charm of this wonderful 4 bedroom colonial in Marblehead! It has hardwood floors, high ceilings, a large living room with a working fireplace, a good size dining room and eat-in kitchen, a separate den/office, a 2-car garage and driveway parking for 6 cars. The wiring was recently updated, the furnace was replaced in 2009 and the roof in 2010. There is room to make the half bath into a full one. Additional room on the 3rd floor. Enjoy the spacious yard, nearby beaches, many parks and trails, plus loads of restaurants, shops and museums! It is about 3 miles to the Salem T station and less than 2 miles to Salem State University. Hurry, won't last at this price!
Unit Size
1,947 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$246
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1930

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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 #71683539)

Price History

Date / Event Date Event Price
Aug 7, 2014 Sold
Premium
Sold
May 14, 2014 Listed by ZipRealty, Inc $479,000
Listed by ZipRealty, Inc

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,082
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,273
  • Total Building Area: 2,345
  • Gross Building Area: 4,058
  • Building Area: 2,345
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,345
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • 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: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0012 B:0004 L:0
  • Block: 4
  • Municipality: MARBLEHEAD
  • Latitude: 42.4851
  • Longitude: -70.8843

    Address

  • Full Address: 9 Rockaway Ave
  • Address - House Number: 9
  • Address - Street Name: Rockaway
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C023
  • 4-Digit Zip Code: 1726
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $919,300

    Appraisal Valuation

  • Standard Deviation: 0.1752
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 1,125,761
  • High Value: 1,323,079
  • Low Value: 928,442

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,026,000
  • Assessed Land Value: $613,900
  • Assessed Improvements Value: $412,100

    Sales

  • Current Sale Recording Date: Aug 07, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 80700173

    Open Lien Mortgages

  • Third Open Lien Mortgage Interest Rate Type: Y
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

$549

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2886 ft²

Average Home Age

92.8 years

Currently For Sale

42 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# 71683539

Frequently Asked Questions

When was property at 9 Rockaway Avenue built and last sold?
The property at 9 Rockaway Avenue was built in 1930 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 9 Rockaway Avenue is $516,131.
What are some comparable homes to 9 Rockaway Avenue?
There are currently no comparable homes to 9 Rockaway Avenue.
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