40 R Prospect St, Unit 3

590 Sq. Ft.
$779 / Sq. Ft.
590
Sq. Ft.
$779
per Sq. Ft.

Description

~ Welcome to one of Marblehead’s best-kept secrets ~ This ideally located, single-level, two-bedroom condominium in the heart of downtown offers a low-maintenance lifestyle with a private entrance, patio, and lush garden setting. The home features hardwood floors, a fireplaced living and dining area, in-unit laundry, and ample storage. Enjoy the perfect blend of modern convenience and old-world charm, along with two-car parking. This special opportunity is perfect as a year-round residence or care-free...~ Welcome to one of Marblehead’s best-kept secrets ~ This ideally located, single-level, two-bedroom condominium in the heart of downtown offers a low-maintenance lifestyle with a private entrance, patio, and lush garden setting. The home features hardwood floors, a fireplaced living and dining area, in-unit laundry, and ample storage. Enjoy the perfect blend of modern convenience and old-world charm, along with two-car parking. This special opportunity is perfect as a year-round residence or care-free retreat near the harbor, beaches, shopping, and restaurants. Enjoy the best of the costal community of Marblehead.
  1. Listed by Zoe Karademos • Coldwell Banker Realty - Marblehead

Property Details for 40 R Prospect Street, Unit 3

Town
Marblehead
Area
MA-Marblehead
Style
Garden
Garage Spaces
0
Open Parking Spaces
2.00
Parking Spaces Total
2
Unit Placement
Garden
LISTING UPDATED: 05/04/2026 01:55 PM

Property Details for 40 R Prospect Street, Unit 3

StatusActive
MLS #73508871
Days on Market7
Taxes$4,027 / year
HOA Fees$197 / month
Property TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built1920
CountyEssex County

Location

Listing Courtesy of Coldwell Banker Realty - Marblehead, Zoe Karademos
Add your commute

Building Information for 40 R Prospect Street, Unit 3

Building/Complex40 R Prospect StFloor1Stories1Residences3Pet PolicyAllowedPet Policy Details-Year Built1920

Payment Calculator

$2,848 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,316

Property Taxes

$336

HOA Dues

$197

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 40 R Prospect Street, Unit 3

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Highway Access, House of Worship, Marina
  • Living Area: 590.0
  • SqFt with Basement: No
  • Total Units: 3
  • Type of Condo: Condo
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Basement Features: Y
  • Num of Baths: 1.0
  • Num of Full Baths: 1
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 1.00
  • Bathrooms Total Integer: 1
  • FireplaceFeatures: Living Room
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Tile, Hardwood
  • Interior Features: Window AC
  • Laundry Features: First Floor, In Unit
  • Primary Bath: Yes
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Entry Location: Garden
  • Exterior Features: Patio, Fenced Yard, Garden, Stone Wall
  • Exterior Features: Fenced Yard, Garden Area, Stone Wall, Patio
  • Fencing: Security, Fenced
  • Patio And Porch Features: Patio
  • Roof Material: Shingle
  • Structure Type: Garden
  • Waterfront Features: Harbor, Ocean, 1/2 to 1 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Assigned, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Assigned, Paved Driveway
  • Parking Features: Off-Street, Assigned, Paved Driveway
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Features: Bathroom - Full,Closet,Flooring - Hardwood
  • Primary Bedroom Level: First Floor
Bedroom 2
  • Bedroom2 Features: Flooring - Hardwood,Exterior Access
  • Bedroom2 Level: First
Bathroom 1
  • Bathroom1 Features: Bathroom - Full,Closet - Linen,Flooring - Stone/Ceramic Tile
  • Bathroom1 Level: First
Dining Room
  • Dining Room Features: Flooring - Hardwood
  • Dining Room Level: First
Kitchen
  • Kitchen Features: Flooring - Hardwood
  • Kitchen Level: First
Living Room
  • Room Living Room Features: Walk-In Closet(s),Flooring - Hardwood,Window(s) - Bay/Bow/Box,Exterior Access
  • Room Living Room Level: First
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: New Windows 2023,Exterior Painted 2024.Gas Furnace 2010,Hot Water Elec 2018,Bedroom exterior door has loose molding,Fireplace is ornamental.
Tax Information
  • Tax ID: M:0110 B:0031 L:3,2023563
  • Assessments: $470,500
  • Book: 39310
  • Tax Year: 2026
  • Zoning: CR
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
  • Management: Owner Association
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 3
  • Unit Floor Level Integer: 1.0

Property History for 40 R Prospect Street, Unit 3

DateEvent & SourcePriceAppreciation
Apr 28, 2026

Listed (Active)

MLS PIN #73508871

$459,900
Dec 18, 2020

Sold

MLS PIN #72733986

$365,000
Nov 4, 2020

Contingent

MLS PIN #72733986

DateEvent & SourcePrice
04/28/2026

Listed (Active)

MLS PIN #73508871

$459,900
12/18/2020

Sold

MLS PIN #72733986

$365,000
11/04/2020

Contingent

MLS PIN #72733986

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 R Prospect Street, Unit 3

Taxable ValueLand-Additions$152,600Total-
Tax Record2018$1,682 ($140 / month)
Home Facts
Beds2Baths1Above Grade Finished SqFt590 SqFtStories2StyleCondominiumYear Built1920ZoningCRCountyEssexAPNM:0110 B:0031 L:3

Schools near 40 R Prospect Street, Unit 3

This home is within Marblehead School District.
Rating
School
Type
Grades
Distance
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Village School
Public4 to 6

Marblehead Veterans Middle School
Public7 to 8

Marblehead High School
Public9 to 12

Lucretia and Joseph Brown School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

40 R Prospect Street, Unit 3 is a condo for sale in Marblehead, MA 01945. This property was listed for sale on April 28, 2026 by Coldwell Banker Realty - Marblehead, it's currently listed at $459,900. It has been on the market for a total of 7 days and was last sold on December 18, 2020. This listing's school district is Marblehead School District. Nearby schools include Village School, Marblehead Veterans Middle School and Marblehead High School. 40 R Prospect Street, Unit 3 is a 2-bed, 1-bath, 590 sqft condo built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty - Marblehead, Zoe Karademos

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.