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Marblehead 01945
9 Wallace Rd
$715,000
● House - Off Market

9 Wallace Rd

Marblehead, MA 01945
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,357 Ft²
$1,080,390
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

Wonderful 4-5 bedroom 3 bath colonial home in desirable Devereux area, just a short walk to the beach!   Kitchen with granite counters open to dining area with ceiling fan and living room. Fireplace is used with a pellet stove at the moment.  Large island in kitchen with butcher block counter.  Lots of recessed lights throughout the home. First floor den could also be an office or small 5th bedroom which has a full bath next to it. Master bedroom with cathedral ceilings, skylights, recessed lights, walk-in closet and master bath.  Laundry hook up for stack washer/dryer in 2nd floor bath, however there is also a hook-up in the basement. Fenced yard.  Back deck and side entry do need work.  Walk to beach, park, schools, library, shops and restaurants.  A great opportunity to own a home in this great neighborhood!
Unit Size
2,357 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$310
Property Type
House
Property Taxes
$665
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: 5 months ago (MLSPIN #72347059)

Price History

Date / Event Date Event Price
Sep 17, 2018 Sold
Premium
Sold
Jun 15, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $729,900
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,233
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,140
  • Total Building Area: 2,357
  • Gross Building Area: 3,730
  • Building Area: 2,357
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,357
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • 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: 203200

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0092 B:0034 L:0
  • Block: 34
  • Municipality: MARBLEHEAD
  • Latitude: 42.4938
  • Longitude: -70.8593

    Address

  • Full Address: 9 Wallace Rd
  • Address - House Number: 9
  • Address - Street Name: Wallace
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C041
  • 4-Digit Zip Code: 3643
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,083,700

    Appraisal Valuation

  • Standard Deviation: 0.1559
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,104,524
  • High Value: 1,276,792
  • Low Value: 932,255

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,209,500
  • Assessed Land Value: $832,900
  • Assessed Improvements Value: $376,600

    Sales

  • Current Sale Recording Date: Sep 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180917004600
  • Previous Sale Recording Date: May 24, 2017
  • 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:

$989,000

Sale Price/ft²

$538

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2992 ft²

Average Home Age

92.3 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: 5 months ago
Data Source: MLS PIN, MLS# 72347059

Frequently Asked Questions

When was property at 9 Wallace Road built and last sold?
The property at 9 Wallace Road was built in 1950 and last sold on Jan 1, 1970 for $715,000.
How much is this home worth?
The estimated value of the home located at 9 Wallace Road is $778,650.
What are some comparable homes to 9 Wallace Road?
There are currently no comparable homes to 9 Wallace Road.
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