NOT LISTED FOR SALE

12 Reed St Marblehead, MA 01945

Estimated Value: $617,000 - $768,622

2 Beds
1 Bath
1,329 Sq Ft
$510/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $379,000 $285 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,948/month

99 Days on Market

Highlights

  • Wood Flooring
  • Marblehead High School Rated A-
  • Enclosed Patio or Porch

About This Home

As of June 2020

Opportunity knocks! Charming Antique home in the heart of downtown Marblehead, steps to shopping and restaurants, with incredible potential. House is in need of an update and or total rehab having been in the same family for 2 generations, just now becoming available for the first time. Priced well under assessed value, Contractors, Investors, DIY's or even first time buyers should come take a look at this fairly priced single family home with expansion possibilities. Currently a 2 BR, 1 Bath home that can easily be changed to a 3/2 with a little insight and investment. Wonderful neighborhood that is walking distance to all that Marblehead has to offer: great schools, historic harbor, several beaches, incredible restaurants, public transportation and only 16 miles to downtown Boston. All offers to be reviewed by Friday March 27th at 6:00pm.

Last Agent to Sell the Property

Brian Rice

Sagan Harborside Sotheby's International Realty Listed on: 02/03/2020

Sagan Harborside Sotheby's International Realty

Co-Listed By

William Rochford

Sagan Harborside Sotheby's International Realty

Last Buyer's Agent

Brian Rice

Sagan Harborside Sotheby's International Realty Listed on: 02/03/2020

Sagan Harborside Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1880

Lot Details

  • 6,534

Parking

  • 1 Car Garage

Utilities

  • Radiator
  • Hot Water Baseboard Heater
  • Heating System Uses Oil
  • Oil Water Heater

Additional Features

  • Wood Flooring
  • Enclosed Patio or Porch
  • Property is zoned GR
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0117 B:0004 L:0

Home Details

Home Type

Single Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Colonial
  • Other Agent: 1.50
  • Year Built Description: Actual
  • List Price Per Sq Ft: 285.18
  • Comp Based On: Net Sale Price
  • Year Built: 1880
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1880

Interior Features

  • Fireplaces: 1
  • Flooring: Wood
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor
  • Bedroom 2: On Level: Second Floor
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Second Floor
  • No Rooms: 6
  • Dining Room: On Level: First Floor
  • Family Room: On Level: First Floor
  • Kitchen: On Level: First Floor
  • Laundry: On Level: Basement
  • Living Room: On Level: First Floor
  • Basement: Y
  • Basement Features: Partial
  • Main Lo: AN4471
  • Main So: AN4471
  • Estimated Sq Ft: 1329.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Exterior Features: Porch - Enclosed
  • Foundation: Fieldstone
  • Insulation Feature: Unknown

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1
  • Garage Parking: Detached
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Heating: Hot Water Baseboard, Hot Water Radiators, Oil
  • Heat Zones: 1
  • Hot Water: Oil

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Public School

Lot Info

  • Assessments: 459800.00
  • Acre: 0.15
  • Lot Size: 6400.00
  • Page: 128
  • Parcel Number: M:0117 B:0004 L:0
  • Zoning: GR
  • Lot Description: City View(s), Sloping

Tax Info

  • Taxes: 4938.00
  • Assessor Parcel Number: 2024021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2020
Closed on
May 19, 2020
Sold by
Hutchinson Phyllis R Est
Bought by
Goyette Nicholas and Parker Kathleen
Seller's Agent
Brian Rice
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Brian Rice
Sagan Harborside Sotheby's International Realty
List Price
$379,000
Sold Price
$379,000
Current Estimated Value
$677,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,656
Avg. Annual Appreciation
10.89%
Original Mortgage
$341,100
Outstanding Balance
$300,935
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$376,721
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Goyette Nicholas $379,000 None Available
Goyette Nicholas $379,000 None Available
Goyette Nicholas $379,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goyette Nicholas $341,100
Closed Goyette Nicholas $341,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2020 06/05/20 Sold $379,000 0.0% $285 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $379,000 0.0% $285 / Sq Ft
03/28/2020 03/28/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $379,000 0.0% $285 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $379,000 -- $285 / 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 $5,281 $583,500 $485,600 $97,900
2024 $4,949 $552,300 $464,000 $88,300
2023 $5,141 $514,100 $442,400 $71,700
2022 $4,529 $430,500 $361,500 $69,000
2021 $4,311 $413,700 $345,300 $68,400
2020 $5,151 $495,800 $383,700 $112,100
2019 $4,938 $459,800 $347,700 $112,100
2018 $4,803 $435,800 $323,700 $112,100
2017 $4,403 $399,900 $287,800 $112,100
2016 $4,306 $387,900 $275,800 $112,100
2015 $4,165 $375,900 $263,800 $112,100
2014 $3,732 $336,500 $227,800 $108,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72614727

MLS Property Information Network (MLS PIN)

APN: MARB-000117-000004