NOT LISTED FOR SALE

7 South St Marblehead, MA 01945

Estimated Value: $917,000 - $1,055,000

2 Beds
3 Baths
1,836 Sq Ft
$550/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $504,000 $275 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $6,325/month

14 Days on Market

About This Home

As of July 2016

This 1715 antique home offers its next owner an incredible opportunity to own a special home. Once known as the Flat Iron Building this property retains much of its original character and details. Located in the heart of "Old Town" Marblehead this unique property offers spacious rooms with beautiful original fireplaces. Restore this home to its original grandeur.

Last Listed By

Team Harborside

Sagan Harborside Sotheby's International Realty Listed on: 05/05/2016

Sagan Harborside Sotheby's International Realty

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,334

Year Built

1715

Lot Details

0

Listing Details

  • Lot Description: Corner
  • Property Type: Single Family
  • Other Agent: 1.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1715

Interior Features

  • Fireplaces: 4
  • Has Basement: Yes
  • Fireplaces: 4
  • Number of Rooms: 5
  • Flooring: Wood, Tile
  • Basement: Crawl, Interior Access

Exterior Features

  • Exterior: Wood
  • Foundation: Fieldstone
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 2

Utilities

  • Heating: Forced Air, Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Assessor Parcel Number: M:0129 B:0103 L:0
  • Zoning: CR

Multi Family

  • Foundation: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2016
Closed on
Jul 22, 2016
Sold by
John E Lotspiech Lt
Bought by
Danjou Christine
Seller's Agent
Team Harborside
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Carole Bouchat
William Raveis R.E. & Home Services
List Price
$599,900
Sold Price
$504,000
Premium/Discount to List
-$95,900
-15.99%
Total Days on Market
14
Current Estimated Value
$1,010,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$506,534
Avg. Annual Appreciation
9.15%
Original Mortgage
$403,000
Outstanding Balance
$327,916
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$764,678

Purchase Details

Closed on
Dec 21, 2011
Sold by
Lotspiech John E
Bought by
John E Lotspiech 2011

Purchase Details

Closed on
Jun 1, 1973
Bought by
Lt John E Lotspiech

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
Danjou Christine $504,000 --
John E Lotspiech 2011 -- --
John E Lotspiech 2011 -- --
Lt John E Lotspiech -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danjou Christine $403,000
Closed Danjou Christine $403,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2016 07/22/16 Sold $504,000 -16.0% $275 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
05/05/2016 05/05/16 For Sale $599,900 -- $327 / 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 $8,334 $920,900 $607,800 $313,100
2024 $8,057 $899,200 $607,800 $291,400
2023 $7,564 $756,400 $523,600 $232,800
2022 $7,520 $714,800 $467,500 $247,300
2021 $7,351 $705,500 $458,200 $247,300
2020 $6,770 $651,600 $448,800 $202,800
2019 $6,697 $623,600 $420,800 $202,800
2018 $6,356 $576,800 $374,000 $202,800
2017 $6,257 $568,300 $355,300 $213,000
2016 $5,893 $530,900 $317,900 $213,000
2015 $5,675 $512,200 $299,200 $213,000
2014 $5,590 $504,100 $299,200 $204,900
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Team Harborside

    Sagan Harborside Sotheby's International Realty

    (617) 816-1909

    77 in this area

    145 Total Sales

    Team Harborside
    Section Image

  • C

    Buyer's Agent in 2016

    Carole Bouchat

    William Raveis R.E. & Home Services

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72000529

MLS Property Information Network (MLS PIN)

APN: MARB-000129-000103

Massachusetts Essex County Marblehead 01945

7 South St, Marblehead, MA

Homes for Sale in Marblehead, MA

This home is located at 7 South St, Marblehead, MA 01945 since 05 May 2016 and is currently estimated at $1,010,534, approximately $550 per square foot. This property was built in 1715. 7 South St is a home located in Essex County with nearby schools including Marblehead High School, Marblehead Community Charter Public School, and Devereux School.

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