NOT LISTED FOR SALE

57 Devereux St Marblehead, MA 01945

Estimated Value: $1,048,000 - $1,276,000

7 Beds
3 Baths
2,923 Sq Ft
$396/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $940,000 $322 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,925/month

8 Days on Market

About This Home

As of July 2021

Excellent opportunity to invest in a three family in the highly desired Marblehead real estate market. 7 beds, 3 baths, separately metered Gas + Electricity with coin opp laundry in the basement for additional income. Located just 15 miles north of Boston this property has a large backyard which abuts the Marblehead rail trail, off street parking for 6+ cars, located on a dead end street, and is close to proximity to so many different amenities and attractions! Less than 1 mile to DEVEREUX BEACH, less than 1 mile from 4 different schools, 1 mi to downtown, less than 2 miles away from 3 out of the 8 yacht clubs, less than 2.5 mi to shopping and restaurants on Paradise Rd in Swampscott, and under 4 miles to downtown Salem.

Last Agent to Sell the Property

Jon Ladas

Byrnes Real Estate Group LLC Listed on: 06/16/2021

Co-Listed By

Daniel O'Rourke

RE/MAX Renaissance Inc License #449596512

Last Buyer's Agent

Melissa Weinand

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,196

Year Built

  • Built in 1940

Lot Details

  • 0.32

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,196

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Commission: 1.00
  • Other Agent: 1.00
  • Seller Agency: 1.00
  • Sub-Agency Relationship Offered: Yes
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 307.90
  • Comp Based On: Net Sale Price
  • Year Built: 1940
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1940

Interior Features

  • Total Flrs: 6
  • No Bedrooms: 7
  • Total Brs: 7
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 16
  • Basement: Y
  • Basement Features: Unfinished Basement
  • Main Lo: AN2612
  • Main So: M59500
  • Estimated Sq Ft: 2923.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Foundation: Fieldstone

Garage/Parking

  • Parking Spaces: 8

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Heat Zones: 3
  • Hot Water: Natural Gas

Lot Info

  • Assessments: 741600.00
  • Acre: 0.32
  • Lot Size: 13800.00
  • Page: 555
  • Zoning: SR
  • Lot Description: Corner

Multi Family

  • APOD Available: Yes
  • Heat Units: 3
  • Total Levels: 3
  • Total Rent: 5280
  • Total Rms: 16
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 7727.42
  • Assessor Parcel Number: 2022226
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Jul 30, 2021
Sold by
Jrj Llc
Bought by
Galardi Eric and Galardi Kimberly
Seller's Agent
Jon Ladas
Byrnes Real Estate Group LLC
Buyer's Agent
Melissa Weinand
William Raveis R.E. & Home Services
List Price
$9,000,000
Sold Price
$940,000
Premium/Discount to List
-$8,060,000
-89.56%
Current Estimated Value
$1,157,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,123
Avg. Annual Appreciation
5.08%
Original Mortgage
$705,000
Outstanding Balance
$641,351
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$515,772

Purchase Details

Listed on
Mar 28, 2013
Closed on
Jul 10, 2013
Sold by
57 Devereux Street Rt
Bought by
Jrj Llc
Seller's Agent
Cressy Team
Coldwell Banker Realty - Marblehead
Buyer's Agent
Steven White
William Raveis R.E. & Home Services
List Price
$569,000
Sold Price
$590,000
Premium/Discount to List
$21,000
3.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$470,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2000
Sold by
Rosemary Collins Nt
Bought by
57 Devereux St Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
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
Galardi Eric $940,000 None Available
Jrj Llc $590,000 --
57 Devereux St Rt $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galardi Eric $705,000
Previous Owner 57 Devereux St Rt $470,000
Previous Owner 57 Devereux St Rt $225,000
Previous Owner 57 Devereux St Rt $142,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2021 07/30/21 Sold $940,000 -89.6% $322 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $9,000,000 +1425.4% $3,079 / Sq Ft
07/10/2013 07/10/13 Sold $590,000 +3.7% $202 / Sq Ft View Prior Sale
06/10/2013 06/10/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $569,000 -- $195 / 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 $9,196 $1,016,100 $656,100 $360,000
2024 $8,277 $923,800 $670,700 $253,100
2023 $8,801 $880,100 $590,500 $289,600
2022 $8,109 $770,800 $524,900 $245,900
2021 $7,727 $741,600 $495,700 $245,900
2020 $7,543 $726,000 $495,700 $230,300
2019 $7,328 $682,300 $452,000 $230,300
2018 $7,197 $653,100 $422,800 $230,300
2017 $7,030 $638,500 $408,200 $230,300
2016 $6,764 $609,400 $379,100 $230,300
2015 $6,106 $551,100 $320,800 $230,300
2014 $5,482 $494,300 $291,600 $202,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72851184

MLS Property Information Network (MLS PIN)

APN: MARB-000069-000001