NOT LISTED FOR SALE

59 Gregory St Marblehead, MA 01945

4 Beds
4 Baths
2,923 Sq Ft
8,175 Sq Ft Lot

Last Sold September 08, 2023

Last sale price $1,310,000 $448 Per Sq Ft

2 Days on Market

Highlights

  • Medical Services
  • Waterfront
  • Property is near public transit and schools
  • Marblehead High School Rated A-
  • Deck
  • 2-minute walk to Hammond Park

About This Home

As of September 2023

Rare 4-family located on one of Marblehead's most desirable streets in the Shipyard District. Amazing opportunity to update this historic property to its original single family status, or earn rental income from the existing four 1-bed apartments. Expand into the large walk-up attic with widow's walk and harbor views. The partially finished walk-out basement would be ideal for home-office use. An oversized detached garage accommodates 2 cars and has a partially finished "bonus room" on the second level, heated by propane. Garage bays have additional electric heat, 10' ceilings and designated work areas. Mature perennials and trees dot the fenced back yard. The Harvey windows, vinyl siding and asphalt roof, were replaced appx 15+ years ago. Burner is appx 25 years old, water heater, 15+/-. There are multiple ways to reconfigure the units by expanding into the attic and/or into the finished basement area, ideal for owner-occupants.

Last Agent to Sell the Property

Emily Gaffney

RE/MAX Beacon Listed on: 08/09/2023

RE/MAX Beacon

Co-Listed By

Lise Danforth

Coldwell Banker Realty - Marblehead

Last Buyer's Agent

Charles Patsios

Charles Patsios

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,510

Year Built

  • Built in 1860

Lot Details

  • 8,175 Sq Ft Lot
  • Waterfront
  • Fenced
  • Level Lot

Parking

  • 2 Car Garage
  • Stone Driveway
  • Off-Street Parking

Home Design

  • 2,923 Sq Ft Home
  • Manufactured Home on a slab
  • Stone Foundation
  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Property is near public transit and schools

Schools

  • Mhead Public Elementary School
  • Veterans Middle School
  • MHS High School

Utilities

  • No Cooling
  • 2 Heating Zones
  • Hot Water Heating System
  • 200+ Amp Service
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $1,000
  • Rent includes unit 1(heat hot water), unit 2(heat hot water), unit 3(heat hot water), unit 4(heat hot water)
  • Assessor Parcel Number 114 47,2023814

Community Details

Overview

  • 4 Units
  • Near Conservation Area
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,510

Year Built

Built in 1860

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1860
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator,Washer / Dryer Combo), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Utility Connections for Gas Range
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Partially Finished, Walk-Out Access, Interior Entry, Slab
  • Living Area: 2923
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN6181
  • MAIN SO: NB5281

Exterior Features

  • Exterior Features: Deck - Wood,Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone, Slab
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Parking Features: Off Street, Stone/Gravel
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Hot Water, Unit 1(Hot Water Radiators,Oil), Unit 2(Hot Water Radiators,Oil), Unit 3(Hot Water Radiators,Oil), Unit 4(Hot Water Radiators,Oil)
  • Cooling Y N: No
  • Electric: Fuses, 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 1
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Oil

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, University
  • Rent Includes: Unit 1(Heat,Hot Water), Unit 2(Heat,Hot Water), Unit 3(Heat,Hot Water), Unit 4(Heat,Hot Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 114 47,2023814
  • Zoning: GR
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8175
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 12510

Multi Family

  • Net Operating Income: 12000
  • Number Of Units Total: 4
  • Total Actual Rent: 1000
  • LEVELS 1: 1
  • Basement Included Sq Ft: Yes
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: Mhs
  • Elementary School: Mhead Public
  • Middle Or Junior School: Veterans

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $1,310,000 -3.0% $448 / Sq Ft
08/13/2023 08/13/23 For Sale $1,350,000 0.0% $462 / Sq Ft
08/13/2023 08/13/23 Off Market $1,350,000 -- --
08/12/2023 08/12/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $1,350,000 -- $462 / 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 $11,657 $1,288,100 $882,800 $405,300
2024 $13,164 $1,469,200 $1,008,900 $460,300
2023 $12,513 $1,251,300 $819,700 $431,600
2022 $11,439 $1,087,400 $655,800 $431,600
2021 $11,331 $1,087,400 $655,800 $431,600
2020 $9,668 $930,500 $554,900 $375,600
2019 $9,723 $905,300 $529,700 $375,600
2018 $9,420 $854,800 $479,200 $375,600
2017 $0 $660,600 $406,300 $254,300
2016 $7,353 $662,400 $394,700 $267,700
2015 $7,188 $648,700 $394,700 $254,000
2014 $7,170 $646,500 $394,700 $251,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73146225

MLS Property Information Network (MLS PIN)