NOT LISTED FOR SALE

75 Moorings Rd Marion, MA 02738

Estimated Value: $3,462,000 - $3,513,463

6 Beds
3 Baths
1,825 Sq Ft
$1,911/Sq Ft Est. Value

Last Sold November 17, 2017

Last sale price $2,000,000 $1,096 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $19,962/month

179 Days on Market

About This Home

As of November 2017

Rare Offering! Private 2.24 acre waterfront property with 239 feet of sandy beach located on Sippican's outer harbor on Converse Point. Homes on this highly desired peninsula of Marion rarely become available making this a unique opportunity to build your dream home or to restore current home to its glory. Original 6 bedroom, 3 bathroom 1,825 sq. ft. Cape Cod style home was built in 1924 and stays very true to its original period details. The home is not winterized but it does have updated electrical systems and has been used for summer enjoyment for 50+ years. Ownership of this magnificent property includes deeded rights to use of Converse Point pier, beach and tennis court. Boat moorings are also available. A true gem that must not be overlooked.

Last Agent to Sell the Property

Margot Kalkanis

Converse Company Real Estate Listed on: 04/10/2017

Last Buyer's Agent

Margot Kalkanis

Converse Company Real Estate Listed on: 04/10/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,171

Year Built

  • 1924

Lot Details

  • 2.24

Utilities

  • Private Sewer

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,171

Year Built

1924

Lot Details

0

Listing Details

  • Lot Description: Wooded, Flood Plain, Gentle Slope, Scenic View(s)
  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Cape, Antique, Cottage, Multi-Level, Shingle
  • Lead Paint: Unknown
  • Year Built Description: Actual, Renovated Since
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1924

Interior Features

  • Has Basement: No
  • Fireplaces: 1
  • Number of Rooms: 9
  • Amenities: Shopping, Tennis Court, Park, Golf Course, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School
  • Electric: 150 Amps
  • Flooring: Vinyl, Wall to Wall Carpet, Hardwood
  • Bedroom 2: First Floor
  • Bedroom 3: First Floor
  • Bedroom 4: Second Floor
  • Bedroom 5: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: First Floor
  • Bathroom #3: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Closet, Flooring - Hardwood, Main Level, Exterior Access, Slider
  • Dining Room: First Floor
  • No Bedrooms: 6
  • Full Bathrooms: 3
  • Oth1 Room Name: Bedroom
  • Oth1 Dscrp: Closet, Flooring - Hardwood
  • Main Lo: BB5782
  • Main So: BB5782
  • Estimated Sq Ft: 1825.00

Exterior Features

  • Frontage: 206.00
  • Waterfront Property: Yes
  • Construction: Frame, Stone/Concrete
  • Exterior: Shingles, Wood
  • Exterior Features: Porch, Porch - Enclosed, Porch - Screened, Patio
  • Foundation: Fieldstone, Slab
  • Waterfront: Ocean, Bay, Frontage, Direct Access, Private, Other (See Remarks)
  • Beach Ownership: Private, Other (See Remarks)
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Detached, Storage
  • Garage Spaces: 2
  • Parking: Stone/Gravel, Unpaved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Electric
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Sewer: Private Sewerage
  • Water: City/Town Water

Condo/Co-op/Association

  • HOA: Yes
  • Reqd Own Association: Yes

Lot Info

  • Assessor Parcel Number: M:0020 B:0008 L:0000
  • Zoning: RES
  • Acre: 2.24
  • Lot Size: 97462.00

Multi Family

  • Waterview: Bay, Harbor, Ocean, Other (See Remarks)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2017
Closed on
Nov 17, 2017
Sold by
Cunningham 3Rd John H and Cunningham Christopher D
Bought by
Martignetti Carmine A and Martignetti Beth A
Seller's Agent
Margot Kalkanis
Converse Company Real Estate
Buyer's Agent
Margot Kalkanis
Converse Company Real Estate
List Price
$2,950,000
Sold Price
$2,000,000
Premium/Discount to List
-$950,000
-32.2%
Current Estimated Value
$3,487,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,487,732
Avg. Annual Appreciation
7.15%
Original Mortgage
$2,000,000
Outstanding Balance
$1,636,834
Interest Rate
3%
Mortgage Type
Unknown
Estimated Equity
$1,850,898

Purchase Details

Closed on
Sep 9, 2003
Sold by
75 Moorings Road Rt
Bought by
Martignetti Carmine A and Martignetti Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martignetti Carmine A $2,000,000 --
Martignetti Carmine A $1,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martignetti Carmine A $2,000,000
Previous Owner Martignetti Carmine A $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2017 11/17/17 Sold $2,000,000 -27.3% $1,096 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
05/24/2017 05/24/17 Price Changed $2,750,000 -6.8% $1,507 / Sq Ft
04/10/2017 04/10/17 For Sale $2,950,000 -- $1,616 / 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 $19,171 $2,056,946 $2,056,946 $0
2024 $19,130 $2,065,890 $2,065,890 $0
2023 $19,502 $2,065,890 $2,065,890 $0
2022 $19,409 $1,788,858 $1,788,858 $0
2021 $20,250 $1,788,858 $1,788,858 $0
2020 $20,931 $1,789,000 $1,789,000 $0
2019 $19,251 $1,990,100 $1,789,000 $201,100
2018 $0 $2,018,100 $1,852,700 $165,400
2017 $22,940 $2,010,500 $1,852,700 $157,800
2016 $22,739 $2,010,500 $1,852,700 $157,800
2015 $22,506 $2,025,700 $1,852,700 $173,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72143712

MLS Property Information Network (MLS PIN)

APN: MARI-000020-000008