9 State Street

Sold 3/6/23

Sold

Last Sold Price

$1,525,000

6 beds7 baths6,104 sqft

9 State St, Marblehead, MA 01945

Multi FamilyProperty Type

0.12 acresLot Size

1770Year Built

$250/sq ftPrice per sq ft

5 carsParking Spaces

Description

9 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...9 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.

Listing Agents

Mary Stewart & Heather Kaznoski
Listing Agent
Compass
stewartkaznoski@compass.com
P: (781) 576-9288
M: (781) 820-5676
Call Text Email
Heather Kaznoski
Alternative Listing Agent
Compass
heather.kaznoski@compass.com
P: (781) 576-9288
M: (781) 576-9288
Call Text Email
Mary Stewart
Alternative Listing Agent
Compass
m.stewart@compass.com
P: (781) 820-5676
M: (781) 820-5676
Call Text Email

Listing closed: 03/06/2023 12:00 AM • Source: MLS PIN, MLS#: 73065015

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Median sold price

$1,800,000

Avg days on market

Sale-to-list ratio

90.4%

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Bedrooms: 7
Bathrooms: 5,900
Square Feet: 0.32
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a view of a house with a garage and plants

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Square Feet: 0.10
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29 High Street, Marblehead, MA 01945

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Location

Listing Courtesy of Compass, Mary Stewart & Heather Kaznoski; Compass, Heather Kaznoski; Compass, Mary Stewart

Sold By RE/MAX Beacon, Mitch Levine

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$8,774 per month

30 year fixed, 6.71% Interest

Principal and Interest

$7,880

Property Taxes

$894

HOA Dues

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Property Information for 9 State Street

Property Details

Taxes: $10,727 / year
MLS Type: Multi-family / 5-9 Family
County: Essex County
Town: Marblehead
MLS Area: Old Town
Area: MA-Marblehead-Old Town, MA-Marblehead
Garage Spaces: 2
Parking Spaces Total: 5

Building Information

Stories: 9
Residences: 6
Year Built: 1770
Lot Size: 0.12 AC / 5,104 SF

General Details

Property Details

Building Area Units: Square Feet
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Public School

Current Financing: Conv. Fixed
Living Area: 6104.0
Color: Grey
SqFt with Basement: No
Total Units: 6
Waterfront: No
Water View: No
Year Built Details: Approximate
Year Built Source: Owner

Location/School

Grade School: Public/Private
High School: Public

Middle School: Public/Private

Features

Interior Features

Appliances: Range, Refrigerator, Range Hood, Other
Basement Features: Partial, Interior Access, Concrete Floor

Num of Baths: 7.0
Num of Full Baths: 6
Num of Half Baths: 1
Bathrooms Total Decimal: 6.50
Bathrooms Total Integer: 7
FireplaceYN: No
Fireplaces: 0
Flooring: Wood, Tile, Vinyl, Carpet
Interior Features: Pantry, Bathroom With Tub, Bathroom with Shower Stall, Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Kitchen, Office/Den
Interior Features: Internet Available - Unknown
SpaYN: No
Window Features: Storm Window(s)

Exterior Features

Construction: Frame
Exterior Features: Rain Gutters

Lot Description: Level
Roof Material: Shingle
Waterfront Features: Beach Front, Harbor, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Parking Features

Covered Spaces: 2.00
Garage: Yes

Garage Parking: Off-Street, Paved Driveway
Open Parking: Yes
Parking Features: Off-Street, Paved Driveway
Parking Features: Off-Street, Paved Driveway

Utilities

Cooling: None
Cooling: No

Electric: Circuit Breakers
Heating: Baseboard, Natural Gas, Electric
Heating: Yes
Sewage District: Essex
Sewer: City/Town Sewer
Utility Connections: Varies per Unit
Water: Public

Property Information

Property Info

UFFI: Unknown
Year Round: Yes

Farm Land Area Units: Square Feet
WARRANTY: No
Lot Size Units: Acres
Road Frontage Type: Public
Road Surface Type: Paved

Tax Information

Tax ID: 2026155
Assessments: $1,019,700

Book: 40514
Tax Year: 2022
Zoning: Hist

Building / Association Information

Living Characteristics

Beds Total: 6
Total Living Levels: 9

Other Building Characteristics

Foundation: Concrete Perimeter, Stone
Frontage: 55.00

Cooling Units: 0
Cooling Zones: 0
Heat Units: 2

Income / Expenses

Electricity: $6,000.00
Annual Expenses Source: Owner

GOI: $109,200.00
Gross Scheduled Income: $7,200.00
Insurance: $5,200.00
GRE: $23,200
NOI: $86,000.00
Operating Expense: $23,200.00
WSE: $4,800.00

Complex & Association Information

Adult Community: No

Unit Information

Unit 1 Description

Floor U1: 1
Lease U1: N

Levels U1: 1

Unit 2 Description

Floor U2: 1
Lease U2: N

Levels U2: 1

Unit 3 Description

Floor U3: 2
Lease U3: N

Levels U3: 1

Unit 4 Description

Floor U4: 2
Lease U4: N

Levels U4: 1

Rental Info

Total Actual Rent: $5,050.00

Market and Agent Information

Sale Info

Buyer Broker Comp: 2.0
Other Agent Compensation: 0

Property History for 9 State Street

Date	Event & Source	Price	Appreciation
Mar 6, 2023	Sold MLS PIN #73065015	$1,525,000	—
Jan 27, 2023	Under Agreement MLS PIN #73065015		—
Jan 12, 2023	Contingent MLS PIN #73065015		—
Dec 13, 2022	Listed (Active) MLS PIN #73065015	$1,695,000	—
Nov 23, 2021	Sold MLS PIN #72912173	$1,400,000	—
Oct 24, 2021	Under Agreement MLS PIN #72912173		—
Oct 24, 2021	Contingent MLS PIN #72912173		—
Oct 22, 2021	Listed (Active) MLS PIN #72912173	$1,295,000	—
Aug 19, 2008	Sold (Public Record) Public Record #326436601	$1	—

Date	Event & Source	Price
03/06/2023	Sold MLS PIN #73065015	$1,525,000
01/27/2023	Under Agreement MLS PIN #73065015	—
01/12/2023	Contingent MLS PIN #73065015	—
12/13/2022	Listed (Active) MLS PIN #73065015	$1,695,000
11/23/2021	Sold MLS PIN #72912173	$1,400,000
10/24/2021	Under Agreement MLS PIN #72912173	—
10/24/2021	Contingent MLS PIN #72912173	—
10/22/2021	Listed (Active) MLS PIN #72912173	$1,295,000
08/19/2008	Sold (Public Record) Public Record #326436601	$1

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

Public Records for 9 State Street

Taxable ValueLand$704,500Additions$785,000Total$1,489,500

Tax Record2025$13,480 ($1,123 / month)

Home Facts

Baths4.5Total Finished SqFt6,105 SqFtAbove Grade Finished SqFt6,105 SqFtUnfinished Basement SqFt1,854 SqFtStories2Lot Size5,680 SqFtStyleOffice BuildingYear Built1900Year Renovated1900ZoningHISTCountyESSEXAPNMARB M:0149 B:0067 L:0

Schools near 9 State Street

This home is within Marblehead School District.


Rating	School	Type	Grades	Distance
7/10	Village School	Public - Nearby school	4 to 6	0.9 mi
9/10	Marblehead Veterans Middle School	Public - Nearby school	7 to 8	0.8 mi
8/10	Marblehead High School	Public - Serves this home	9 to 12	1.4 mi
8/10	Lucretia and Joseph Brown School	Public - Nearby school	PK to 3	1.3 mi
10/10	Glover Elementary School	Public - Nearby school	PK to 3	1.9 mi


Rating	School	Distance
7/10	Village School Public4 to 6 Nearby school	0.9 mi
9/10	Marblehead Veterans Middle School Public7 to 8 Nearby school	0.8 mi
8/10	Marblehead High School Public9 to 12 Serves this home	1.4 mi
8/10	Lucretia and Joseph Brown School PublicPK to 3 Nearby school	1.3 mi
10/10	Glover Elementary School PublicPK to 3 Nearby school	1.9 mi

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.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 9 State Street, Marblehead, MA 01945	$1,525,000	6	7	6,104	5,104
7 State Street, Marblehead, MA 01945	–	3	3	2,101	1,869
16 State Street, Unit 2, Marblehead, MA 01945	$252,000	2	1	784	–
16 State Street, Unit 1, Marblehead, MA 01945	$288,000	2	2	784	–
14 State Street, Marblehead, MA 01945	$479,000	6	8	2,626	4,495
15 State Street, Marblehead, MA 01945	$650,000	–	4	3,708	–
11 State Street, Marblehead, MA 01945	–	–	1	764	–
10 State Street, Unit 2, Marblehead, MA 01945	$158,500	2	3	1,110	–
10 State Street, Unit 3, Marblehead, MA 01945	$306,250	2	2	1,100	–
10 State Street, Unit 1 1, Marblehead, MA 01945	$272,500	1	1	970	–
10 State Street, Unit 1, Marblehead, MA 01945	$308,000	1	1	970	–
4 State Street, Marblehead, MA 01945	$824,900	4	4	2,254	2,000
18 State Street, Marblehead, MA 01945	–	–	4	3,645	11,138
92 Washington Street, Marblehead, MA 01945	$450,000	–	3	5,722	–
16 State Street, Unit A1 A, Marblehead, MA 01945	$163,000	2	1	784	–
17-3 State Street, Marblehead, MA 01945	$125,000	1	1	1,132	–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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 Compass, Mary Stewart & Heather Kaznoski; Compass, Heather Kaznoski; Compass, Mary Stewart

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.

Marblehead, MA

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