NOT LISTED FOR SALE

8 Franklin St Unit 17 Marblehead, MA 01945

Estimated Value: $276,000 - $335,000

1 Bed
1 Bath
422 Sq Ft
$285/mo HOA Fee

Last Sold October 12, 2012

Last sale price $104,000 $246 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $1,981/month

123 Days on Market

Highlights

  • Medical Services
  • Waterfront
  • Jogging Path
  • Marblehead High School Rated A
  • Property is near public transit
  • 4-minute walk to Fountain Park

About This Home

As of October 2012

Come see all the recent improvements to the building- freshly painted exterior, updated landscaping, freshly paved parking area AND NEW PRICE! Sellers are motivated- bring offers. Charming Studio in Old Town Marblehead with deeded parking. New kitchen and wood flooring. Own for less than rent. Great option for a Marblehead getaway that is close to the beach, harbor, shopping, dining, public transportation and all Marblehead has to offer. Condo fee includes heat and hot water.

Last Agent to Sell the Property

Lise Danforth

Coldwell Banker Realty - Marblehead Listed on: 06/11/2012

Coldwell Banker Realty - Marblehead

Co-Listed By

Sussi Danforth

Coldwell Banker Realty - Marblehead License #454000535

Last Buyer's Agent

Lise Danforth

Coldwell Banker Realty - Marblehead Listed on: 06/11/2012

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $985

Year Built

  • Built in 1900

Lot Details

  • Waterfront
  • No Units Located Below

HOA Fees

  • $285 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 422 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

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

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:0169 B:0045 L:17,2027284

Community Details

Overview

  • Association fees include heat, water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 22 Units
  • Mary Alley Condominiums Community

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$985

Year Built

Built in 1900

Lot Details

0

HOA Fees

$285 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1900
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood Laminate
  • Fireplace YN: No
  • Appliances: Range,Refrigerator, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Living Area: 422
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: an6181
  • MAIN SO: an6181

Exterior Features

  • Common Walls: No One Below
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: None
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: No
  • Electric: Fuses
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: Essex
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Association Amenities: Hot Water
  • Association Fee: 285
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • 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:17,2027284
  • Zoning: CR
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: No

Rental Info

  • Pets Allowed: Breed Restrictions

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 985

Multi Family

  • Number Of Units Total: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2022
Sold by
Maerz Eileen P Est
Bought by
Maerz Robert J
Current Estimated Value
$292,315

Purchase Details

Listed on
Jun 11, 2012
Closed on
Oct 15, 2012
Sold by
Poulsen Bridget F
Bought by
Fernandez Loretta and Fallon William
Seller's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
Buyer's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
List Price
$125,000
Sold Price
$104,000
Premium/Discount to List
-$21,000
-16.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.20%

Purchase Details

Closed on
May 9, 2008
Sold by
Appeltofft Jeanne A
Bought by
Poulsen Bridget F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 1998
Sold by
Jacobi Eugene B and Jacobi Judith R
Bought by
Appeltofft Wilhelma A and Appeltofft Jeanne A

Purchase Details

Closed on
Oct 3, 1995
Sold by
Dresios-Leblanc Elaine
Bought by
Jacobi Eugene and Jacobi Judith
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
Maerz Robert J -- None Available
Maerz Robert J -- None Available
Fernandez Loretta $104,000 --
Poulsen Bridget F $115,000 --
Poulsen Bridget F $115,000 --
Appeltofft Wilhelma A $49,500 --
Appeltofft Wilhelma A $49,500 --
Jacobi Eugene $35,200 --
Jacobi Eugene $35,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacobi Eugene $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2012 10/16/12 Pending -- -- --
10/12/2012 10/12/12 Sold $104,000 -7.1% $246 / Sq Ft
08/13/2012 08/13/12 Price Changed $112,000 -10.4% $265 / Sq Ft
06/11/2012 06/11/12 For Sale $125,000 -- $296 / 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 $1,961 $216,700 $0 $216,700
2024 $1,929 $215,300 $0 $215,300
2023 $2,028 $202,800 $0 $202,800
2022 $1,994 $189,500 $0 $189,500
2021 $1,667 $160,000 $0 $160,000
2020 $1,400 $134,700 $0 $134,700
2019 $1,393 $129,700 $0 $129,700
2018 $1,239 $112,400 $0 $112,400
2017 $1,238 $112,400 $0 $112,400
2016 $1,270 $114,400 $0 $114,400
2015 $1,235 $111,500 $0 $111,500
2014 $1,038 $93,600 $0 $93,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71395291

MLS Property Information Network (MLS PIN)

APN: MARB-000169-000045-000017