NOT LISTED FOR SALE

5 Rainbow Rd Marblehead, MA 01945

Estimated Value: $939,000 - $1,047,186

3 Beds
3 Baths
2,082 Sq Ft
$478/Sq Ft Est. Value

Last Sold April 17, 2020

Last sale price $617,000 $296 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,950/month

9 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Forced Air Heating System
  • Marblehead High School Rated A
  • Fenced Yard
  • 2-minute walk to Gatchell Playground

About This Home

As of April 2020

Pretty 8 room Cape Cod home with loads of character and much better-than-average Cape design. Heating, roof & COSMETIC UPDATES NEEDED but will add to the value of this home that's located in a higher-value neighborhood. SHORT SALE; SALE OF THIS PROPERTY SUBJECT TO 3RD PARTY APPROVAL. PROPERTY SOLD AS IS. Abundant living space and great layout: large first floor family room, front to back fireplaced living room and dining room off the center hall, sunroom plus expandable space in basement for playroom. The second floor has 3 bedrooms including master with private bathroom. The surroundings are delightful: large fenced yard, pretty side street steps to Gatchel's Playground, moments to Wyman Woods, & the bike path not to mention BEACH RIGHTS to private neighborhood beach 15 ANDERSON WINDOWS--installed 9 YRS ago. Access to private, neighborhood beach is off Pequot Rd.

Last Agent to Sell the Property

Linda Hayes

William Raveis R.E. & Home Services Listed on: 02/03/2020

William Raveis R.E. & Home Services

Last Buyer's Agent

Stephanie Moio

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,549

Year Built

  • Built in 1938

Lot Details

  • Fenced Yard
  • Property is zoned SR

Flooring

  • Wood
  • Tile

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Water Holding Tank

Additional Features

  • Range
  • Deck
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0059 B:0016 L:0

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,549

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Cape
  • Other Agent: 1.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 264.12
  • Comp Based On: Net Sale Price
  • Year Built: 1938
  • Lead Paint: Unknown
  • Special Features: 12
  • Property Sub Type: Detached
  • Year Built: 1938

Interior Features

  • Fireplaces: 1
  • Flooring: Tile, Hardwood
  • Appliances: Range
  • No Bedrooms: 3
  • Master Bedroom: On Level: Second Floor, Dimension: 13X13, Bathroom - 3/4, Flooring - Hardwood
  • Bedroom 2: On Level: Second Floor, Dimension: 9X16, Flooring - Hardwood
  • Bedroom 3: On Level: Second Floor, Dimension: 9X11, Flooring - Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor
  • Bathroom 2: On Level: Second Floor
  • Bathroom 3: On Level: Second Floor
  • No Rooms: 8
  • Dining Room: On Level: First Floor, Dimension: 12X13, Flooring - Hardwood
  • Family Room: On Level: First Floor, Dimension: 15X15, Skylight, Ceiling - Cathedral, Ceiling Fan(s), Flooring - Hardwood, Slider
  • Kitchen: On Level: First Floor, Dimension: 9X13, Flooring - Hardwood, Gas Stove
  • Laundry: On Level: Basement
  • Living Room: On Level: First Floor, Dimension: 13X22, Fireplace, Flooring - Hardwood
  • Basement: Y
  • Basement Features: Full, Partially Finished, Bulkhead
  • Other Room 1: Name: Sun Room, On Level: First Floor, Dimension: 7X14
  • Other Room 2: Name: Play Room, On Level: Basement, Dimension: 10X20
  • Main Lo: M59500
  • Main So: C95243
  • Estimated Sq Ft: 2082.00

Exterior Features

  • Beach Ownership: Association
  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles, Wood
  • Exterior Features: Deck, Fenced Yard
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Tandem
  • Parking Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heating: Forced Air, Oil
  • Heat Zones: 2
  • Hot Water: Tank

Condo/Co-op/Association

  • Amenities: Park, Walk/Jog Trails, Conservation Area

Lot Info

  • Assessments: 665400.00
  • Acre: 0.23
  • Lot Size: 10043.00
  • Page: 436
  • Parcel Number: M:0059 B:0016 L:0
  • Zoning: SR
  • Lot Description: Fenced/Enclosed

Green Features

  • Energy Features: Insulated Windows

Tax Info

  • Taxes: 6913.00
  • Assessor Parcel Number: 2021921

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2020
Closed on
Apr 13, 2020
Sold by
Cronin David J and Cronin Nancy E
Bought by
Twadell Peter H and Twadell Suzanne F
Seller's Agent
Linda Hayes
William Raveis R.E. & Home Services
Buyer's Agent
Stephanie Moio
William Raveis R.E. & Home Services
List Price
$549,900
Sold Price
$617,000
Premium/Discount to List
$67,100
12.2%
Current Estimated Value
$994,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,797
Avg. Annual Appreciation
8.84%

Purchase Details

Closed on
Aug 31, 2001
Sold by
Twadell Carol H
Bought by
Cronin David J and Cronin Nancy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Twadell Peter H $617,000 None Available
Twadell Peter H $617,000 None Available
Cronin David J $530,500 --
Cronin David J $530,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cronin David J $550,000
Previous Owner Cronin David J $497,250
Previous Owner Cronin David J $444,000
Previous Owner Cronin David J $397,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2020 04/17/20 Sold $617,000 +12.2% $296 / Sq Ft
02/12/2020 02/12/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $549,900 -- $264 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,549 $944,600 $530,600 $414,000
2024 $7,688 $858,000 $557,100 $300,900
2023 $9,349 $934,900 $623,500 $311,400
2022 $8,418 $800,200 $490,800 $309,400
2021 $7,302 $700,800 $464,300 $236,500
2020 $6,914 $665,400 $464,300 $201,100
2019 $6,559 $610,700 $411,200 $199,500
2018 $6,438 $584,200 $384,700 $199,500
2017 $6,140 $557,700 $358,200 $199,500
2016 $5,895 $531,100 $331,600 $199,500
2015 $5,694 $513,900 $331,600 $182,300
2014 $5,518 $497,600 $318,400 $179,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72615424

MLS Property Information Network (MLS PIN)

APN: MARB-000059-000016