$1,400,000
SOLD NOV 23, 2021

9 State St Marblehead, MA 01945

6 Beds
7 Baths
6,104 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

8% Above List Price

About This Home

As of March 2023

9 State Street ,often referred to as "The Oakum Bay Building", consisted of a combination of one bedroom and studio rental units plus the offices , workshops, and the third floor loft workshop 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 ,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. 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. The apartments are in need of updating to bring them to today's typical standard of apartments. There are 2 gas heating systems, FHA and FHW ( newer- Navian), a 75 gallon gas hot water tank, and circuit breaker electrical boards.Please call for more details.

Last Agent to Sell the Property

Mary Stewart

Compass Listed on: 10/23/2021

Compass

Last Buyer's Agent

Eleanor Dubin

Coldwell Banker Realty - Marblehead

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,480

Year Built

  • 1770

Parking

  • 2

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,480

Year Built

1770

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Washington Street to State Street
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1770

Interior Features

  • Appliances: Unit 1(Range,Refrigerator,Vent Hood), Unit 2(Refrigerator,Other (See Remarks)), Unit 3(Range,Refrigerator,Vent Hood,Other (See Remarks)), Unit 4(Refrigerator,Other (See Remarks)), Gas Water Heater,Tank Water Heater, Utility Connections Varies per Unit
  • Has Basement: Partial, Interior Entry, Concrete
  • Total Bathrooms: 6.5
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 212.16
  • PRICE PER Sq Ft: 229.36
  • MAIN SO: AN6181
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Wood,Tile,Vinyl,Carpet, Unit 1(undefined), Unit 3(Wood Flooring), Unit 4(Wood Flooring)
  • Interior Amenities: Unit 1(Pantry,Bathroom With Tub), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower,Internet Available - Unknown), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Other (See Remarks)), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Other (See Remarks))
  • Stories: 9
  • Window Features: Storm Window(s), Screens

Exterior Features

  • Roof: Shingle
  • Foundation Details: Concrete Perimeter, Stone
  • Construction Type: Frame
  • Lot Features: Level
  • Waterfront Features: Beach Front, Harbor, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Off Street, Driveway, Paved
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Hot Water Baseboard,Gas,Electric), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard,Gas), Unit 4(Hot Water Baseboard)
  • SEWAGE DISTRICT: Essex
  • HEAT UNITS: 2
  • COOLING ZONES: 0
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Varies per Unit
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Public School
  • HOA 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)
  • Senior Community: No

Lot Info

  • LOT SIZE: 5104
  • PAGE: 242
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 5227.2
  • Zoning: Hist

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1
  • Annual Gross Income: 63132
  • Property Net Operating Income: 63132
  • Number Of Units Total: 7
  • Annual Operating Expense: 26716
  • Total Actual Rent: 5261

Tax Info

  • Tax Annual Amount: 10048
  • Tax Book Number: 27990
  • Tax Year: 2021

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
$1,772,679

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
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 $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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72912173

MLS Property Information Network (MLS PIN)

APN: MARB-000149-000067