NOT LISTED FOR SALE

7 Franklin St Unit 3 Marblehead, MA 01945

Estimated Value: $613,000 - $877,000

2 Beds
2 Baths
1,360 Sq Ft
0.42 Acres

Highlights

  • Waterfront
  • 18,133 Sq Ft lot
  • Property is near public transit
  • Marblehead High School Rated A
  • Landscaped Professionally
  • 5-minute walk to Fountain Park

About This Home

As of September 2022

The perfect blend of antique charm and modern amenities. This furnished condominium is spacious and immaculate with 2+ bedrooms and two full baths. Located in the heart of Old Town near the the beaches, Harbor, Fort Sewall, shops and restaurants. Renovated throughout with gleaming wide pine hardwood floors, granite counters, stainless appliances, two full baths, marble tiles, skylights, in-unit laundry and 2-car parking! Additionally, there is an office, large living room and dining room off the kitchen. The storage and closet space is abundant, including a pantry, built-ins and a walk-in closet in the master bedroom. There is a shared yard where you can sit and enjoy the beautifully landscaped grounds. The ideal location to enjoy the best of Marblehead living! This is a short-term (6-10 month rental) ending on 6/30/23.

Last Agent to Rent the Property

Lubeck Rausch Team

William Raveis R.E. & Home Services Listed on: 08/20/2022

William Raveis R.E. & Home Services

Last Renter's Agent

Cricket Sperry

J. Barrett & Company

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,816

Year Built

  • Built in 1716 | Remodeled

Lot Details

  • Waterfront
  • Near Conservation Area
  • Landscaped Professionally
  • Garden

Parking

  • 2 Car Parking Spaces

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,360 Sq Ft Home
  • Skylights
  • Window Screens
  • Home Office

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on third floor
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Location

  • Property is near public transit

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Property Available on 9/1/22
  • Rent includes electricity, water, sewer, snow removal, gardener, furnishings (see remarks), laundry facilities, parking
  • Assessor Parcel Number M:0165 B:0051 L:3,4739455

Community Details

Overview

  • Property has a Home Owners Association

Amenities

  • Common Area
  • Shops

Recreation

  • Park

Pet Policy

  • Call for details about the types of pets allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,816

Year Built

Built in 1716 | Remodeled

Lot Details

0

Rental Info

  • Pets Allowed: Yes w/ Restrictions
  • Available Date: 2022-09-01
  • Lease Term: Short Term Lease,Term of Rental(6-10)
  • Available Now: No
  • Deposit Required: No
  • FIRST MON REQD: Yes
  • INSURANCE REQD: Yes
  • LAST MON REQD: Yes
  • REFERENCES REQD: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Year Built: 1716
  • Entry Level: 3
  • Year Built Details: Actual
  • Year Round: Yes
  • CoOp Comp: 0
  • ResoPropertyType: ResidentialLease
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Office, Internet Available - Unknown
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Third
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Room Master Bedroom Features: Bathroom - Full
  • Room Master Bedroom Level: Third
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Skylight, Flooring - Marble
  • Bathroom 1 Level: Third
  • Bathroom 2 Level: Third
  • Bathroom 2 Features: Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: Third
  • Room Kitchen Level: Third
  • Room Kitchen Features: Flooring - Hardwood, Remodeled
  • Laundry Features: Third Floor, In Unit
  • Room Living Room Level: Third
  • Room Living Room Features: Flooring - Hardwood
  • Room Office Level: Third
  • Room Office Features: Flooring - Hardwood
  • Living Area: 1360
  • Window Features: Screens
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 2.13
  • PRICE PER Sq Ft: 2.13
  • MAIN SO: C95243

Exterior Features

  • Exterior Features: Professional Landscaping, Garden
  • Waterfront Features: 0 to 1/10 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 2

Utilities

  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Conservation Area
  • Rent Includes: Electricity, Water, Sewer, Snow Removal, Gardener, Furnishings (See Remarks), Laundry Facilities, Parking
  • Senior Community YN: No
  • UNIT BUILDING: 3

Lot Info

  • Parcel Number: M:0165 B:0051 L:3,4739455
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 18133
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2012
Sold by
Gregory K Lawrence Lt
Bought by
One Derby Square Rt
Current Estimated Value
$719,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$121,679
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$598,249

Purchase Details

Closed on
Oct 1, 2008
Sold by
Arena Alice P and Arena Angelo R
Bought by
Ryan Katie A and Lawrence Gregory K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.54%
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
One Derby Square Rt $405,000 --
Ryan Katie A $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Katie A $175,000
Previous Owner Ryan Katie A $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Rented $2,900 0.0% --
08/24/2022 08/24/22 Under Contract -- -- --
08/20/2022 08/20/22 For Rent $2,900 +11.5% --
10/01/2021 10/01/21 Rented -- -- --
09/27/2021 09/27/21 Under Contract -- -- --
09/21/2021 09/21/21 For Rent $2,600 +4.0% --
03/02/2020 03/02/20 Rented $2,500 0.0% --
02/15/2020 02/15/20 Under Contract -- -- --
01/27/2020 01/27/20 For Rent $2,500 0.0% --
09/12/2018 09/12/18 Rented $2,500 +4.2% --
09/06/2018 09/06/18 Under Contract -- -- --
08/29/2018 08/29/18 For Rent $2,400 -- --
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 $5,816 $642,700 $0 $642,700
2024 $5,897 $658,200 $0 $658,200
2023 $5,560 $556,000 $0 $556,000
2022 $5,605 $532,800 $0 $532,800
2021 $5,513 $529,100 $0 $529,100
2020 $5,119 $492,700 $0 $492,700
2019 $4,829 $449,600 $0 $449,600
2018 $4,955 $449,600 $0 $449,600
2017 $4,904 $445,400 $0 $445,400
2016 $4,807 $433,100 $0 $433,100
2015 $4,580 $413,400 $0 $413,400
2014 $4,480 $404,000 $0 $404,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73027687

MLS Property Information Network (MLS PIN)

APN: MARB-000165-000051-000003