NOT LISTED FOR SALE

8 Franklin St Unit 18 Marblehead, MA 01945

Estimated Value: $240,000 - $323,000

1 Bed
1 Bath
397 Sq Ft
$304/mo HOA Fee

Last Sold August 31, 2022

Last sale price $226,000 $569 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,981/month

13 Days on Market

Highlights

  • Property is near public transit
  • 1 Fireplace
  • Cooling System Mounted In Outer Wall Opening
  • Marblehead High School Rated A
  • Jogging Path
  • 4-minute walk to Fountain Park

About This Home

As of August 2022

This cozy little condo is adorned with custom oak woodwork and an incredibly efficient design. This fully remodeled studio unit in the Mary Alley Condominium building includes a fireplace, built-in bookcases, a Murphy Bed, recessed lighting, tile floors, new windows, built-in AC and in-unit laundry - all meticulously designed into 397 square feet. The space includes a living area, full kitchen, dining area and a bathroom. When it's time for bed just pull down the murphy bed for the night. Enjoy the sunrise from Fort Sewall and relax at the neighborhood beaches only a stone's through from your door. This little gem checks off the boxes! One car parking, in-unit laundry, fully remodeled, heat and hot water included in the condo fee and a fireplace for cozy winters as well as summer fun. Perfect for a weekend getaway, snow birds or anyone looking to pare down and enjoy life by the harbor and everything historic Marblehead has to offer.

Last Listed By

Lise Danforth

Coldwell Banker Realty - Marblehead Listed on: 07/19/2022

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,060

Year Built

  • Built in 1900

Lot Details

  • Near Conservation Area

HOA Fees

  • $304 Monthly HOA Fees

Home Design

  • Garden Home
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 397 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Insulated Windows
  • Tile Flooring

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 2027285

Community Details

Overview

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

Amenities

  • Common Area
  • Shops

Recreation

  • Park
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,060

Year Built

Built in 1900

Lot Details

0

HOA Fees

$304 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1900
  • Buyer Agency: 2.5
  • Entry Level: 1
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Entry Location: Unit Placement(Below Grade)
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Laundry Features: In Unit, Electric Dryer Hookup, Washer Hookup
  • Basement: N
  • Living Area: 397
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 566.75
  • PRICE PER Sq Ft: 569.27
  • MAIN SO: C63200
  • Insulation: Unknown

Exterior Features

  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Assigned
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: Wall Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water
  • Association Fee: 304
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Conservation Area, House of Worship, University
  • Senior Community YN: No
  • UNIT BUILDING: 18
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 2027285
  • Zoning: CR
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 374
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2060
  • Tax Book Number: 37115

Multi Family

  • Number Of Units Total: 22
  • Basement Included Sq Ft: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Aug 12, 2022
Sold by
Wright Ft 2011
Bought by
Gammons Phillip and Gammons Ruth
Seller's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
Buyer's Agent
Kaitlin Martel
Martel Real Estate
List Price
$225,000
Sold Price
$226,000
Premium/Discount to List
$1,000
0.44%
Total Days on Market
13
Current Estimated Value
$271,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,076
Avg. Annual Appreciation
7.02%

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 30, 2018
Sold by
Maerz Eileen P
Bought by
Wright Ft 2011
Seller's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
Buyer's Agent
Emily Gaffney
Coldwell Banker Realty - Marblehead
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%

Purchase Details

Listed on
May 21, 2013
Closed on
Sep 8, 2014
Sold by
Newman Michael S and Newman Linda M
Bought by
Maerz Eileen P
Seller's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
Buyer's Agent
Lise Danforth
Coldwell Banker Realty - Marblehead
List Price
$159,900
Sold Price
$141,000
Premium/Discount to List
-$18,900
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%

Purchase Details

Closed on
Sep 3, 2008
Sold by
Buchanan Judith L and Buchanan Stephen M
Bought by
Newman Michael S

Purchase Details

Closed on
Jun 27, 2005
Sold by
Gallucci Aurise and Gallucci Thomas E
Bought by
Buchanan Judith L and Buchanan Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2002
Sold by
Durel Thomas J and Taylor Megan J
Bought by
Gallucci Aurise and Gallucci Thomas E

Purchase Details

Closed on
Aug 1, 2000
Sold by
Kelly Nancy M and Kelly Thomas R
Bought by
Durel Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
8.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 1999
Sold by
Marblehead Rt and Denegenis Suzanne H
Bought by
Kelly Thomas R and Kelly Ancy M

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
Gammons Phillip $226,000 None Available
Wright Ft 2011 $160,000 --
Maerz Eileen P $141,000 --
Newman Michael S $136,000 --
Buchanan Judith L $150,000 --
Gallucci Aurise $117,000 --
Durel Thomas J $60,000 --
Kelly Thomas R $51,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelly Thomas R $135,000
Previous Owner Kelly Thomas R $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $226,000 +0.4% $569 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $225,000 0.0% $567 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $225,000 +40.6% $567 / Sq Ft
10/30/2018 10/30/18 Sold $160,000 +0.6% $403 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
10/01/2018 10/01/18 Price Changed $159,000 -11.2% $401 / Sq Ft
09/04/2018 09/04/18 For Sale $179,000 +27.0% $451 / Sq Ft
09/08/2014 09/08/14 Sold $141,000 0.0% $355 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
08/14/2014 08/14/14 Off Market $141,000 -- --
05/02/2014 05/02/14 Price Changed $144,900 -3.3% $365 / Sq Ft
12/06/2013 12/06/13 Price Changed $149,900 -5.1% $378 / Sq Ft
10/04/2013 10/04/13 Price Changed $157,900 -1.3% $398 / Sq Ft
05/21/2013 05/21/13 For Sale $159,900 -- $403 / 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 $2,085 $230,400 $0 $230,400
2024 $2,053 $229,100 $0 $229,100
2023 $2,097 $209,700 $0 $209,700
2022 $2,061 $195,900 $0 $195,900
2021 $1,725 $165,500 $0 $165,500
2020 $1,434 $138,000 $0 $138,000
2019 $1,432 $133,300 $0 $133,300
2018 $1,273 $115,500 $0 $115,500
2017 $1,272 $115,500 $0 $115,500
2016 $1,303 $117,400 $0 $117,400
2015 $1,280 $115,500 $0 $115,500
2014 $1,077 $97,100 $0 $97,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73014260

MLS Property Information Network (MLS PIN)

APN: MARB-000169-000045-000018