NOT LISTED FOR SALE

2 Union St Marblehead, MA 01945

Estimated Value: $1,819,423 - $2,097,000

5 Beds
4 Baths
3,416 Sq Ft
$566/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $1,237,500 $362 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $11,966/month

156 Days on Market

About This Home

As of December 2015

Tastefully restored 1731 Antique Colonial home known as The Lafayette House. Period detail throughout with 9 wood burning fireplaces. Chef's kitchen with custom cabinetry, stainless steel appliances, Viking stove, porcelain farmers sink, Sub Zero refrigerator, recessed lighting and Miele dishwasher. Wet bar/pantry. High ceilings and rich wide pine flooring. Original paneling and crown moldings . All new bathrooms. Master bath with soaking tub, custom vanity, fireplace and dressing area.5 plus bedrooms and 3.5 baths. Large laundry area on second floor with exterior access. Harbor views from the third floor. French doors to deck. Beautifully landscaped backyard, gardens and patio. Two car garage plus three car brick drive and a garden shed. Gas appliances, central air, and a high efficiency Super Stor water heater. Short walk to shops, neighborhood beaches, and parks overlooking the harbor. Boston and Logan Airport are only a 35 minute drive. (See attached list of improvements)

Last Agent to Sell the Property

Steven White

William Raveis R.E. & Home Services Listed on: 05/27/2015

William Raveis R.E. & Home Services

Last Buyer's Agent

Mary Stewart

Compass

Compass

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,085

Year Built

1731

Lot Details

0

Listing Details

  • Lot Description: Corner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1731

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Fireplaces: 9
  • Has Basement: Yes
  • Fireplaces: 9
  • Primary Bathroom: Yes
  • Number of Rooms: 14
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Storm Windows, Storm Doors, Prog. Thermostat
  • Flooring: Tile, Pine
  • Insulation: Fiberglass, Mixed
  • Interior Amenities: Wetbar, French Doors
  • Basement: Full
  • Bedroom 2: Second Floor, 15X13
  • Bedroom 3: Second Floor, 14X14
  • Bedroom 4: Third Floor, 19X14
  • Bedroom 5: Third Floor, 16X16
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Third Floor
  • Kitchen: First Floor, 16X15
  • Laundry Room: Second Floor, 14X7
  • Living Room: First Floor, 15X14
  • Master Bedroom: Second Floor, 18X14
  • Master Bedroom Description: Bathroom - Full, Fireplace, Closet - Walk-in, Closet - Cedar, Closet/Cabinets - Custom Built, Flooring - Wood
  • Dining Room: First Floor, 15X11
  • Family Room: First Floor, 18X14

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles, Rubber
  • Construction: Frame
  • Exterior: Clapboard
  • Exterior Features: Deck - Wood, Patio, Gutters, Storage Shed, Professional Landscaping, Decorative Lighting, Fenced Yard, Garden Area
  • Foundation: Fieldstone

Garage/Parking

  • Garage Parking: Detached, Garage Door Opener
  • Garage Spaces: 2
  • Parking: Off-Street, Improved Driveway
  • Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Heating: Central Heat, Gas
  • Cooling Zones: 3
  • Heat Zones: 3
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Coffin/Gerry
  • Middle School: Village/Middle
  • High School: Marblehead High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2015
Closed on
Dec 29, 2015
Sold by
Velji Michael and Velji Mehmood H
Bought by
Colehower William H and Colehower Susan A
Seller's Agent
Steven White
William Raveis R.E. & Home Services
Buyer's Agent
Mary Stewart
Compass
List Price
$1,449,000
Sold Price
$1,237,500
Premium/Discount to List
-$211,500
-14.6%
Current Estimated Value
$1,934,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$697,308
Avg. Annual Appreciation
3.03%
Original Mortgage
$767,500
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 1999
Sold by
Harris Carol L
Bought by
Velji Mehmood H and Velji Carolyn M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Colehower William H $1,237,500 --
Velji Mehmood H $797,000 --
Velji Mehmood H $797,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colehower Susan A $805,000
Closed Colehower William H $767,500
Previous Owner Harris Carol L $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2015 12/29/15 Sold $1,237,500 -11.3% $362 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
08/10/2015 08/10/15 Price Changed $1,395,000 -3.7% $408 / Sq Ft
05/27/2015 05/27/15 For Sale $1,449,000 -- $424 / 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 $17,085 $1,887,800 $901,700 $986,100
2024 $16,949 $1,891,600 $969,400 $922,200
2023 $14,197 $1,419,700 $676,300 $743,400
2022 $14,790 $1,405,900 $619,900 $786,000
2021 $13,869 $1,331,000 $563,600 $767,400
2020 $13,954 $1,343,000 $698,900 $644,100
2019 $13,939 $1,297,900 $653,800 $644,100
2018 $13,309 $1,207,700 $563,600 $644,100
2017 $13,172 $1,196,400 $552,300 $644,100
2016 $9,804 $883,200 $383,200 $500,000
2015 $9,537 $860,700 $360,700 $500,000
2014 $9,367 $844,600 $360,700 $483,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71844617

MLS Property Information Network (MLS PIN)

APN: MARB-000132-000043