9 State St Marblehead, MA 01945
6
Beds
6.5
Baths
6,104
Sq Ft
5,104
Sq Ft Lot
Highlights
- Medical Services
- Property is near public transit
- Jogging Path
- Marblehead High School Rated A
- Wood Flooring
- 3-minute walk to Crocker Park
About This Home
As of March 20239 State Street, often referred to as "The Oakum Bay Building", consists of a combination of one bedroom and studio rental units plus the offices, workshops, and the third floor loft workshop previously used for Ralph Hulsman's boat canvas company. The building is well located on State Street, less than 1/8th of a mile to the harbor and in the center of the downtown commercial area. The driveway widens in the rear of the building offering parking space for many of the tenants. There is also a 2-car garage that is currently rented @ $200/month. Several of the tenants are long standing residents, attesting to the value of the location. The building was built in the late 1700's, quite possibly as a single family home, and still retains some of the charm of that era-starting with the well worn front wide pine steps. There are 2 gas heating systems, FHA and FHW (2021- Navian), a 75 gallon gas hot water tank, and three circuit breaker electrical boards. The roof was replaced in 2017.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,727
Year Built
- Built in 1770
Lot Details
- 5,104 Sq Ft Lot
- Near Conservation Area
- Level Lot
Parking
- 2 Car Garage
- Open Parking
- Off-Street Parking
Home Design
- 6,104 Sq Ft Home
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
Basement
- Partial Basement
- Interior Basement Entry
- Block Basement Construction
Location
- Property is near public transit
- Property is near schools
Schools
- Public/Private Elementary And Middle School
- Public High School
Utilities
- No Cooling
- Heating Available
- Tankless Water Heater
- Gas Water Heater
Additional Features
- Range Hood
- Rain Gutters
Listing and Financial Details
- Total Actual Rent $5,050
- Rent includes unit 1(heat electric gas water hot water), unit 2(heat electric gas water hot water), unit 3(heat electric gas water hot water), unit 4(heat electric gas water hot water)
- Assessor Parcel Number 2026155
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Electric Expense $6,000
- Insurance Expense $5,200
- Water Sewer Expense $4,800
- Operating Expense $23,200
- Net Operating Income $86,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2021
Closed on
Nov 23, 2021
Sold by
Foss Wendy S
Bought by
Eastmen Llc
Seller's Agent
Mary Stewart
Compass
Buyer's Agent
Eleanor Dubin
Coldwell Banker Realty - Marblehead
List Price
$1,295,000
Sold Price
$1,400,000
Premium/Discount to List
$105,000
8.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$372,679
Avg. Annual Appreciation
6.64%
Original Mortgage
$1,111,500
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 19, 2008
Sold by
Hulsman Janice L
Bought by
Foss Wendy S
Similar Home in Marblehead, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $1,400,000 | None Available | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,143,750 | Purchase Money Mortgage | |
| Closed | $1,111,500 | Purchase Money Mortgage | |
| Previous Owner | $325,000 | Commercial | |
| Previous Owner | $325,000 | Commercial | |
| Previous Owner | $310,000 | Commercial | |
| Previous Owner | $40,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/06/2023 03/06/23 | Sold | $1,525,000 | -10.0% | $250 / Sq Ft |
| 01/12/2023 01/12/23 | Pending | -- | -- | -- |
| 12/14/2022 12/14/22 | For Sale | $1,695,000 | +21.1% | $278 / Sq Ft |
| 11/23/2021 11/23/21 | Sold | $1,400,000 | +8.1% | $229 / Sq Ft |
| 10/24/2021 10/24/21 | Pending | -- | -- | -- |
| 10/23/2021 10/23/21 | For Sale | $1,295,000 | -- | $212 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $13,480 | $1,489,500 | $704,500 | $785,000 |
| 2024 | $13,117 | $1,464,000 | $679,000 | $785,000 |
| 2023 | $12,210 | $1,221,000 | $585,700 | $635,300 |
| 2022 | $10,727 | $1,019,700 | $551,700 | $468,000 |
| 2021 | $10,048 | $964,300 | $496,300 | $468,000 |
| 2020 | $10,277 | $989,100 | $521,100 | $468,000 |
| 2019 | $10,062 | $936,900 | $496,300 | $440,600 |
| 2018 | $9,960 | $903,800 | $463,200 | $440,600 |
| 2017 | $9,769 | $887,300 | $446,700 | $440,600 |
| 2016 | $10,310 | $928,800 | $446,700 | $482,100 |
| 2015 | $10,019 | $904,200 | $446,700 | $457,500 |
| 2014 | $9,756 | $879,700 | $446,700 | $433,000 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Stewart
M
Seller's Agent in 2023
Mary Stewart
Compass
(781) 820-5676
106 in this area
134 Total Sales
-
Mitch Levine
Buyer's Agent in 2023
Mitch Levine
RE/MAX
(781) 883-6460
19 in this area
37 Total Sales
-
E
Buyer's Agent in 2021
Eleanor Dubin
Coldwell Banker Realty - Marblehead
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73065015
APN: MARB-000149-000067
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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