NOT LISTED FOR SALE

7 Mechanic Square Marblehead, MA 01945

Estimated Value: $890,000 - $969,796

2 Beds
2 Baths
1,774 Sq Ft
$527/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $600,000 $338 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,836/month

35 Days on Market

About This Home

As of September 2020

Lovely antique in the heart of Old Town with the harbor, shops and restaurants just footsteps from the front door! Currently a legal two family, but would make a wonderful single family home in a super neighborhood. OR, it could be a great owner/occupied property with an income unit, OR a first floor living plan for parents, OR a seasonal rental. Most of the heavy lifting is done with an approximately 8 year old heating system and oil tank (serviced by JS Martin ), new hot water heater and a roof just replaced last year. The house laundry is shared by the two units and there is a spacious walk-up attic. One off street parking with other options available. Please check out the virtual tour online and ask for special showings 48 hours in advance (due to second floor tenant and current environment). First floor easily shown.

Last Agent to Sell the Property

Cynthia Kilbarger

RE/MAX 360 License #454003279 Listed on: 06/05/2020

Last Buyer's Agent

Connor Gillen

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,032

Year Built

  • Built in 1800

Lot Details

  • 2,178

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0149 B:0026 L:0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,032

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 352.31
  • Comp Based On: Net Sale Price
  • Year Built: 1800
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1800

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 2
  • Total Brs: 2
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 10
  • Basement: Y
  • Main Lo: AN4305
  • Main So: BB5230
  • Estimated Sq Ft: 1774.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/10 to 3/10
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Conservation Area, House of Worship

Lot Info

  • Assessments: 644300.00
  • Acre: 0.05
  • Lot Size: 2050.00
  • Page: 310
  • Parcel Number: M:0149 B:0026 L:0
  • Zoning: CR
  • Lot Description: Corner

Multi Family

  • Total Levels: 2
  • Total Rent: 1650
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 6694.00
  • Assessor Parcel Number: 2026099

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Aug 27, 2020
Sold by
Jean M Landreth Ret
Bought by
Busch Annette
Seller's Agent
Cynthia Kilbarger
RE/MAX 360
Buyer's Agent
Connor Gillen
Keller Williams Realty
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%
Current Estimated Value
$935,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,699
Avg. Annual Appreciation
9.52%
Original Mortgage
$480,000
Outstanding Balance
$431,499
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$502,876

Purchase Details

Closed on
May 31, 2011
Sold by
Landreth Robert D and Landreth Jean M
Bought by
Rd & Jm Landreth Ret and Landreth Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1995
Sold by
Gerland Thomas and Gerland Artha
Bought by
Landreth Robert and Landreth Jean

Purchase Details

Closed on
Apr 29, 1994
Sold by
Peachey Charles and Peachey Margaret
Bought by
Gerland Thomas W and Gerland Artha J
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
Busch Annette $600,000 None Available
Rd & Jm Landreth Ret -- --
Landreth Robert D -- --
Rd & Jm Landreth Ret -- --
Landreth Robert $185,000 --
Landreth Robert $185,000 --
Gerland Thomas W $153,000 --
Gerland Thomas W $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Busch Annette $76,000
Open Busch Annette $480,000
Closed Busch Annette $480,000
Previous Owner Gerland Thomas W $25,000
Previous Owner Gerland Thomas W $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $600,000 -4.0% $338 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $625,000 0.0% $352 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $625,000 -- $352 / 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 $8,032 $887,500 $666,300 $221,200
2024 $7,336 $818,800 $666,300 $152,500
2023 $7,195 $719,500 $574,000 $145,500
2022 $6,815 $647,800 $512,500 $135,300
2021 $6,935 $665,500 $502,300 $163,200
2020 $6,694 $644,300 $492,000 $152,300
2019 $6,590 $613,600 $461,300 $152,300
2018 $6,197 $562,300 $410,000 $152,300
2017 $5,965 $541,800 $389,500 $152,300
2016 $5,559 $500,800 $348,500 $152,300
2015 $5,322 $480,300 $328,000 $152,300
2014 $5,248 $473,200 $328,000 $145,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72668856

MLS Property Information Network (MLS PIN)

APN: MARB-000149-000026