NOT LISTED FOR SALE

14 Summit Rd Marblehead, MA 01945

Estimated Value: $2,677,000 - $3,325,000

5 Beds
4 Baths
5,219 Sq Ft
$577/Sq Ft Est. Value

Last Sold July 31, 2015

Last sale price $1,300,000 $249 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $18,047/month

300 Days on Market

About This Home

As of July 2015

Stunning Colonial offering elegance and a wonderful lifestyle for family and entertaining. This very spacious home features a gracious foyer and lovely curved staircase, sunken living room with wood beams and fireplace, large dining room for family gatherings, eat-in kitchen with subzero refrigerator, double oven, granite island and countertop, ocean views. Fabulous great room off the kitchen with custom cherry built-ins, 5 skylights, cathedral ceiling, fireplace and ocean views. On the second level are four bedrooms, a full bath plus a master bedroom and bath. The third level has two finished rooms with ocean views. The finished basement has a spectacular wine cellar with granite counter and cedar wine racks. Also included is an exercise room, game room and a full bath. Intercom, security system, beach rights. This truly is a pristine home in move-in condition!

Last Agent to Sell the Property

Lynda Murray

Coldwell Banker Realty - Marblehead Listed on: 09/30/2014

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Andrew Oliver

Stuart St James, Inc.

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,598

Year Built

1969

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1969

Interior Features

  • Appliances: Range, Wall Oven, Dishwasher, Disposal, Microwave, Refrigerator, Water Treatment
  • Fireplaces: 2
  • Has Basement: Yes
  • Fireplaces: 2
  • Primary Bathroom: Yes
  • Number of Rooms: 9
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails
  • Electric: 200 Amps
  • Energy: Insulated Windows
  • Flooring: Tile, Wall to Wall Carpet, Hardwood, Wood Laminate
  • Insulation: Full
  • Interior Amenities: Security System, Cable Available
  • Basement: Full, Finished, Interior Access, Garage Access
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: Second Floor
  • Master Bedroom Description: Bathroom - Full, Flooring - Hardwood
  • Dining Room: First Floor
  • Family Room: First Floor

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Shingles, Wood
  • Exterior Features: Porch, Patio, Professional Landscaping, Sprinkler System, Gazebo
  • Foundation: Poured Concrete

Garage/Parking

  • Garage Parking: Attached
  • Garage Spaces: 2
  • Parking: Paved Driveway
  • Parking Spaces: 2

Utilities

  • Cooling: Wall AC
  • Heating: Hot Water Baseboard, Gas
  • Cooling Zones: 1
  • Heat Zones: 4
  • Hot Water: Natural Gas
  • Utility Connections: for Electric Range, for Gas Oven, for Electric Oven, for Gas Dryer

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Public/Private
  • Middle School: Public/Private
  • High School: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2014
Closed on
Jul 31, 2015
Sold by
Sandra A Forziati Lt
Bought by
Gardner Adam J
Seller's Agent
Lynda Murray
Coldwell Banker Realty - Marblehead
Buyer's Agent
Andrew Oliver
Stuart St James, Inc.
List Price
$1,595,000
Sold Price
$1,300,000
Premium/Discount to List
-$295,000
-18.5%
Current Estimated Value
$3,012,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,712,599
Avg. Annual Appreciation
7.86%
Original Mortgage
$1,040,000
Outstanding Balance
$829,607
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,955,044

Purchase Details

Closed on
Dec 19, 2008
Sold by
Forziati Sandra A
Bought by
Sandra A Forziati Lt

Purchase Details

Closed on
May 4, 2006
Sold by
Forziati Mark V and Forziati Sandra A
Bought by
Forziati Sandra A

Purchase Details

Closed on
Jun 20, 1994
Sold by
Mcneil Rita M
Bought by
Forziati Mark V
Source: Public Records

Range of Values:

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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
Gardner Adam J $1,300,000 --
Sandra A Forziati Lt -- --
Sandra A Forziati Lt -- --
Forziati Sandra A -- --
Forziati Sandra A -- --
Forziati Mark V $510,000 --
Forziati Mark V $510,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardner Adam J $1,040,000
Closed Gardner Adam J $1,040,000
Previous Owner Forziati Mark V $350,000
Previous Owner Forziati Mark V $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $1,300,000 0.0% $249 / Sq Ft
07/27/2015 07/27/15 Pending -- -- --
06/17/2015 06/17/15 Off Market $1,300,000 -- --
05/19/2015 05/19/15 Price Changed $1,375,000 -5.1% $263 / Sq Ft
03/19/2015 03/19/15 Price Changed $1,449,000 -6.5% $278 / Sq Ft
10/24/2014 10/24/14 Price Changed $1,550,000 +99900.0% $297 / Sq Ft
10/24/2014 10/24/14 Price Changed $1,550 -99.9% $0 / Sq Ft
09/30/2014 09/30/14 For Sale $1,595,000 -- $306 / 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 $19,598 $2,165,500 $1,062,300 $1,103,200
2024 $20,388 $2,275,400 $1,214,100 $1,061,300
2023 $18,227 $1,822,700 $986,400 $836,300
2022 $16,879 $1,604,500 $789,100 $815,400
2021 $16,573 $1,590,500 $789,100 $801,400
2020 $15,038 $1,447,400 $667,700 $779,700
2019 $14,842 $1,381,900 $637,400 $744,500
2018 $14,560 $1,321,200 $576,700 $744,500
2017 $14,044 $1,275,600 $531,100 $744,500
2016 $13,992 $1,260,500 $516,000 $744,500
2015 $14,011 $1,264,500 $516,000 $748,500
2014 $13,473 $1,214,900 $516,000 $698,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71750449

MLS Property Information Network (MLS PIN)

APN: MARB-000065-000040