NOT LISTED FOR SALE

8 Rainbow Rd Marblehead, MA 01945

Estimated Value: $1,562,000 - $2,154,000

5 Beds
4 Baths
4,000 Sq Ft
$446/Sq Ft Est. Value

Last Sold February 08, 2019

Last sale price $1,245,000 $311 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,475/month

7 Days on Market

Highlights

  • Wood Flooring
  • Wine Refrigerator
  • Porch
  • Marblehead High School Rated A
  • Fenced Yard
  • 3-minute walk to Gatchell Playground

About This Home

As of February 2019

This spacious & open 2005/17 5 bedroom Colonial is loaded w/ today's living. State-of-the-art eat-in granite & stainless kitchen combines wonderfully w/ large fireplaced family room that overlooks spectacular fenced-in back yard, patio & fire pit area. Generous stone center island w/ seating for 8. Convenient mudroom access off garage & driveway includes custom built-in cubbies & double coat closet. Comfortable throughout, the 1st floor also incorporates formal dining & living (fireplace) rooms, great home office & roomy powder room. Meticulous hardwoods. Luxurious master bedroom suite offers sizable walk-in closet, enormous marble/glass/tile master bath w/ separate soaking tub & shower. 4 additional bedrooms & 2 updated custom full baths. Well-planned 2nd level laundry. Fabulous lower level game room. Oversized 2-car garage is serviced by a wide 7 car driveway. (Boat Storage). Central A/C & substantial storage shed. Easy park & footpath access. Beach rights.

Last Agent to Sell the Property

Steven White

William Raveis R.E. & Home Services Listed on: 11/26/2018

William Raveis R.E. & Home Services

Co-Listed By

Myles White

William Raveis R.E. & Home Services License #454007788

Last Buyer's Agent

Shari McStay

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,435

Year Built

  • Built in 2005

Lot Details

  • Fenced Yard
  • Sprinkler System
  • Garden
  • Property is zoned SR

Parking

  • 2 Car Garage

Interior Spaces

  • Window Screens
  • Basement

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Storage Shed
  • Rain Gutters
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Water Holding Tank
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Security Service

Listing and Financial Details

  • Assessor Parcel Number 59 14 0

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,435

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Colonial
  • Year Built Description: Approximate, Renovated Since
  • List Price Per Sq Ft: 311.25
  • Comp Based On: Net Sale Price
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Fireplaces: 2
  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Security System, Cable Available
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Refrigerator - Wine Storage, Vent Hood
  • No Bedrooms: 5
  • Master Bedroom: On Level: Second Floor, Dimension: 19X15, Bathroom - Full, Ceiling Fan(s), Closet - Walk-in, Flooring - Hardwood, Recessed Lighting
  • Bedroom 2: On Level: Second Floor, Dimension: 13X11, Closet, Flooring - Hardwood
  • Bedroom 3: On Level: Second Floor, Dimension: 13X13, Closet, Flooring - Hardwood
  • Bedroom 4: On Level: Second Floor, Dimension: 12X12, Closet, Flooring - Hardwood
  • Bedroom 5: On Level: Second Floor, Dimension: 14X12, Ceiling Fan(s), Closet, Flooring - Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor, Bathroom - Half, Recessed Lighting
  • Bathroom 2: On Level: Second Floor, Dimension: 17X9, Bathroom - Full, Bathroom - With Shower Stall, Closet/Cabinets - Custom Built, Flooring - Marble, Jacuzzi / Whirlpool Soaking Tub, Double Vanity, Recessed Lighting
  • Bathroom 3: On Level: Second Floor, Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Double Vanity
  • No Rooms: 13
  • Dining Room: On Level: First Floor, Dimension: 19X12, Flooring - Hardwood, Recessed Lighting
  • Family Room: On Level: First Floor, Dimension: 22X14, Fireplace, Closet/Cabinets - Custom Built, Flooring - Hardwood, Main Level, Exterior Access, Open Floor Plan, Recessed Lighting
  • Kitchen: On Level: First Floor, Dimension: 27X17, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Main Level, Kitchen Island, Cabinets - Upgraded, Open Floor Plan, Recessed Lighting, Wine Chiller, Gas Stove
  • Laundry: On Level: Second Floor, Dimension: 8X6, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
  • Living Room: On Level: First Floor, Dimension: 19X15, Fireplace, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting
  • Basement: Y
  • Basement Features: Full, Partially Finished, Interior Access, Sump Pump
  • Other Room 1: Name: Home Office, On Level: First Floor, Dimension: 16X12, Flooring - Hardwood, Recessed Lighting
  • Other Room 2: Name: Mud Room, On Level: First Floor, Dimension: 13X9, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Exterior Access, Recessed Lighting
  • Other Room 3: Name: Game Room, On Level: Basement, Dimension: 22X20, Flooring - Wall to Wall Carpet, Recessed Lighting
  • Other Room 4: Name: Bathroom, On Level: Second Floor, Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile
  • Main Lo: M59500
  • Main So: C95098
  • Estimated Sq Ft: 4000.00

Exterior Features

  • Beach Ownership: Private, Public
  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard, Wood
  • Exterior Features: Porch, Patio, Gutters, Storage Shed, Sprinkler System, Screens, Fenced Yard, Garden Area
  • Foundation: Poured Concrete
  • Insulation Feature: Full, Partial, Mixed, Unknown

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 7
  • Garage Parking: Attached, Garage Door Opener, Side Entry
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Cooling: Central Air
  • Cooling Zones: 2
  • Heating: Forced Air, Radiant, Gas
  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area

Lot Info

  • Assessments: 923400.00
  • Acre: 0.32
  • Lot Size: 14331.00
  • Page: 486
  • Parcel Number: 59 14 0
  • Zoning: SR
  • Lot Description: Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Storm Doors, Prog. Thermostat

Tax Info

  • Taxes: 10175.87
  • Assessor Parcel Number: 2021920

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Jan 25, 2019
Sold by
Gable Christina S and Gable Richard R
Bought by
Cavanaugh John H and Garber Jaclyn S
Seller's Agent
Steven White
William Raveis R.E. & Home Services
Buyer's Agent
Shari McStay
Keller Williams Realty Evolution
List Price
$1,245,000
Sold Price
$1,245,000
Current Estimated Value
$1,783,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$538,912
Avg. Annual Appreciation
5.41%
Original Mortgage
$996,000
Outstanding Balance
$872,130
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$911,782

Purchase Details

Closed on
Mar 1, 2005
Sold by
Shutz Joanne M and Shutz Keith A
Bought by
Gable Richard R and Gable Christina S

Purchase Details

Closed on
Jun 20, 1991
Sold by
Angle Charles E
Bought by
Shutz Keith A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Cavanaugh John H $1,245,000 --
Cavanaugh John H $1,245,000 --
Gable Richard R $615,000 --
Gable Richard R $615,000 --
Shutz Keith A $239,000 --
Shutz Keith A $239,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cavanaugh John H $996,000
Closed Cavanaugh John H $996,000
Previous Owner Shutz Keith A $465,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2019 02/08/19 Sold $1,245,000 0.0% $311 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $1,245,000 -- $311 / 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 $13,435 $1,484,500 $590,700 $893,800
2024 $13,322 $1,486,800 $620,300 $866,500
2023 $13,973 $1,397,300 $694,100 $703,200
2022 $13,002 $1,235,900 $546,400 $689,500
2021 $12,476 $1,197,300 $516,900 $680,400
2020 $12,019 $1,156,800 $516,900 $639,900
2019 $10,234 $952,900 $457,800 $495,100
2018 $10,176 $923,400 $428,300 $495,100
2017 $9,841 $893,800 $398,700 $495,100
2016 $8,585 $773,400 $369,200 $404,200
2015 $8,591 $775,400 $369,200 $406,200
2014 $8,173 $737,000 $354,400 $382,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72426703

MLS Property Information Network (MLS PIN)

APN: MARB-000059-000014