NOT LISTED FOR SALE

8 Franklin St Unit 16 Marblehead, MA 01945

Estimated Value: $382,000 - $423,743

1 Bed
1 Bath
896 Sq Ft
$429/mo HOA Fee

Last Sold November 23, 2022

Last sale price $332,000 $371 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,960/month

146 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • Hot Water Heating System
  • Marblehead High School Rated A
  • Window Unit Cooling System
  • 4-minute walk to Fountain Park

About This Home

As of November 2022

Your seaside pied-à-terre awaits! Wake up to ocean views from your bedroom and enjoy a cup of coffee on your lovely little private deck! This spacious, one bedroom condo is move in ready and offers great natural light, an updated kitchen and bath, and hardwood floors. Plus, two bonuses hard to find in old town: in unit laundry and off street parking! Conveniently located just steps from nearby shops, restaurants, Marblehead's beautiful harbor, and Gas House Beach!

Last Listed By

Holly Cameron

William Raveis R.E. & Home Services Listed on: 06/01/2022

William Raveis R.E. & Home Services

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,604

Year Built

  • Built in 1900

Lot Details

  • No Units Above

HOA Fees

  • $429 Monthly HOA Fees

Interior Spaces

  • 896 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number M:0169 B:0045 L:16,2027285

Community Details

Overview

  • Association fees include heat, water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 22 Units
  • Low-Rise Condominium
  • Mary Alley Condominium Community

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,604

Year Built

Built in 1900

Lot Details

0

HOA Fees

$429 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low-Rise
  • Year Built: 1900
  • Buyer Agency: 2.5
  • Entry Level: 3
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Hardwood
  • Fireplace YN: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: In Unit
  • Basement: N
  • Accessibility Features: No
  • Living Area: 896
  • Stories Total: 1
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 378.35
  • PRICE PER Sq Ft: 370.54
  • MAIN SO: G95166

Exterior Features

  • Common Walls: No One Above
  • Waterfront Features: Beach Front, 1/10 to 3/10 To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water
  • Association Fee: 428.67
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • UNIT BUILDING: 16
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: M:0169 B:0045 L:16,2027285
  • Zoning: CR
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 329
  • OUTDOOR SPACE AVAILABLE: Yes - Private
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3604
  • Tax Book Number: 36663

Multi Family

  • Number Of Units Total: 22
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Nov 16, 2022
Sold by
Marcus Sandra
Bought by
Anderson Margaret
Seller's Agent
Holly Cameron
William Raveis R.E. & Home Services
Buyer's Agent
Steven Petruzello
eXp Realty
List Price
$379,000
Sold Price
$332,000
Premium/Discount to List
-$47,000
-12.4%
Total Days on Market
146
Views
130
Current Estimated Value
$404,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,436
Avg. Annual Appreciation
8.39%

Purchase Details

Closed on
Apr 23, 2018
Sold by
Perham Donna M
Bought by
Marcus Sandra

Purchase Details

Listed on
Mar 13, 2015
Closed on
May 7, 2015
Sold by
Girling Kathryn S and Girling Gerard
Bought by
Perham Donna M
Seller's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
Buyer's Agent
Brian Skidmore
RE/MAX Beacon
List Price
$239,900
Sold Price
$233,000
Premium/Discount to List
-$6,900
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Jun 30, 2004
Sold by
Ferraresso Ginger and Ferraresso Michael
Bought by
Starzyk Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2000
Sold by
Valeiko Christine J
Bought by
Ferraresso Michael and Mroczkowski Ginger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
8.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 1998
Sold by
Pierce Louise
Bought by
Valeiko Christine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1991
Sold by
Haley Richard W
Bought by
Pierce Louise

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
Anderson Margaret $332,000 None Available
Marcus Sandra $252,500 --
Perham Donna M $233,000 --
Starzyk Kathryn $230,000 --
Ferraresso Michael $172,000 --
Valeiko Christine J $112,000 --
Pierce Louise $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pierce Louise $184,000
Previous Owner Pierce Louise $172,000
Previous Owner Pierce Louise $98,000
Previous Owner Pierce Louise $81,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2022 11/23/22 Sold $332,000 -2.1% $371 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
09/21/2022 09/21/22 Price Changed $339,000 -5.6% $378 / Sq Ft
07/20/2022 07/20/22 Price Changed $359,000 -5.3% $401 / Sq Ft
06/01/2022 06/01/22 For Sale $379,000 +62.7% $423 / Sq Ft
05/07/2015 05/07/15 Sold $233,000 0.0% $260 / Sq Ft
03/20/2015 03/20/15 Off Market $233,000 -- --
03/13/2015 03/13/15 For Sale $239,900 -- $268 / 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 $3,455 $381,800 $0 $381,800
2024 $3,398 $379,200 $0 $379,200
2023 $3,666 $366,600 $0 $366,600
2022 $3,604 $342,600 $0 $342,600
2021 $3,012 $289,100 $0 $289,100
2020 $2,981 $286,900 $0 $286,900
2019 $2,960 $275,600 $0 $275,600
2018 $2,633 $238,900 $0 $238,900
2017 $2,630 $238,900 $0 $238,900
2016 $2,703 $243,500 $0 $243,500
2015 $2,384 $215,200 $0 $215,200
2014 $2,001 $180,400 $0 $180,400
Source: Public Records

Agents Affiliated with this Home

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 72990530

MLS Property Information Network (MLS PIN)

APN: MARB-000169-000045-000016