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11 Cornell Road Marblehead — Photo 1 of 38

11 Cornell Road Marblehead — Photo 1 of 38

$1,150,000

Investment Analysis — 11 Cornell Road

Marblehead, MA 01945

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01945 carries an estimated $3,080/mo in gross rent — about a 1.69% cap rate and $19,411/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

2,452

Style

Single Family

Built

1945

A home that has been loved, thoughtfully updated and beautifully maintained, 11 Cornell Road offers the kind of warmth and character that feels special the moment you arrive. This expanded Cape features 3 bedrooms, 2 full baths and a flexible floor plan designed for comfortable everyday living. The inviting living room with fireplace and builtins flows to an updated stainless steel kitchen and dining space, while the sunroom overlooks a generous backyard, patio with fire pit surround and stone walls—an ideal setting for gathering with family and friends. A first-floor primary bedroom adds convenience with ample closets and flexible bonus space. Upstairs there is a full bath and two bedroom rooms - one with an adjoining room for endless possibilities . The finished lower level provides even more room to work, play or relax. Over the years, the owners have made extensive improvements including a new roof and chimney, updated kitchen and appliances, electrical upgrades, two A/C units, patio and stonework, irrigation system, and numerous interior and exterior enhancements. With its welcoming exterior and wonderful curb appeal, this is the kind of home that lends itself naturally to every season—from summer evenings on the patio to holiday lights glowing outside in winter. An attached two-car garage and a spacious .35-acre lot complete this special Marblehead home.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,452 sq ft principal dwelling). Lot size: 15,037 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$1,150,000
Annual Taxes$8,679

Parking

Garage2
Off-Street5

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Vinyl, Carpet, Hardwood
BasementFull, Finished, Partially Finished, Walk-Out Access, Garage Access, Concrete

Climate & Utilities

HeatingCentral, Radiant, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSR

Property & Lot

Acres0.35
SqFt Lot15,037
Lot FeaturesGentle Sloping

Amenities & Appliances

Gas Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Walk/Jog Trails • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Second
OfficeBedroom 2Bedroom 3Bathroom 2
First
Bathroom 1
Main,First
Living RoomDining RoomKitchenFamily RoomPrimary Bedroom
Living Room
Lvl Main,First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Crown Molding, Decorative Molding

Dining Room
Lvl Main,First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Chair Rail, Lighting - Pendant, Crown Molding

Kitchen
Lvl Main,First

Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove

Office
Lvl Second

Skylight, Closet, Lighting - Overhead

Family Room
Lvl Main,First

Skylight, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Exterior Access, Recessed Lighting, Slider

Primary Bedroom
Lvl Main,First

Closet, Flooring - Wall to Wall Carpet, Dressing Room, Recessed Lighting, Closet - Double

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Double Vanity/Sink, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting, Lighting - Sconce

Bathroom 2
Lvl Second

Bathroom - Full, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead, Pedestal Sink

Listing Provided By

Listing Agent: Livermore Poss Team

Listing Office: Coldwell Banker Realty - Marblehead

MLS® Number: 73580435