15 Lorraine Terrace, Marblehead MA 01945

Marblehead, MA 01945
$850,000
Est. $5,154/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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3
Beds
2.5
Baths
1,650
Sq Ft
$515
Price/Sq Ft
0.16
Acres
1963
Year Built
2
Garage Spaces
New today
Time on Market
For Sale Open House Listed Oct 27, 2026 • MLS# 73595574 Copied! • Updated Oct 27, 2026

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Open House Schedule

31
Oct
Saturday, October 31
12:00 PM - 2:00 PM EDT
01
Nov
Sunday, November 1
11:00 AM - 12:30 PM EST

About this home

INTERIOR PHOTOS COMING ON WEDNESDAY! Welcome to 15 Lorraine Terrace, a meticulously maintained split-level ranch lovingly cared for by the same family for decades. Situated in a desirable Marblehead neighborhood just moments from Village Street Dock, this inviting home offers a wonderful combination of comfortable living spaces, thoughtful functionality and beautifully landscaped grounds. The main level features a welcoming living room with a gas fireplace insert framed by built-in bookcases, flowing naturally into the adjoining dining room. The eat-in kitchen offers generous space for casual dining and direct access to the backyard and patio, creating an easy connection between indoor and outdoor living. Three bedrooms include a primary suite with a private bath featuring a walk-in shower, while two additional bedrooms share a full bathroom with tub. The partially finished lower level provides a cozy family room, a half bath, dedicated laundry area and unfinished workshop area, along with convenient interior access to the two-car garage. Additional highlights include gas heat, mini-split systems for cooling and supplemental heating, and beautifully established landscaping in the fenced-in flat backyard. With its flexible floor plan, wonderful outdoor spaces and undeniable pride of ownership, this wonderful property offers an exceptional opportunity to settle into a well-loved home that is ready for its next chapter. Enjoy all that makes Marblehead such a special place to call home, from its picturesque harbor and beautiful beaches to the shops, restaurants and historic charm of Old Town. With a rich maritime heritage, vibrant community and exceptional coastal lifestyle, Marblehead is a perfect place to put down roots.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 27, 2026
$850,000
Original listing
Agent: Willis + Tierney Office: Compass

Tax History

Year Taxes Assessment
2026 $7,877 $915,900

Financial Details

Annual Property Tax
$7,877
Tax Year 2026
Assessed Value
$915,900

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1963
Living Area 1,650 sq ft
Lot Size 0.16 acres
Bedrooms 3
Full Baths 2
Half Baths 1
Total Rooms 7

Interior

Heating Baseboard, Natural Gas, Ductless
Cooling Ductless
Flooring Wood, Tile, Carpet
Appliances Water Heater, Oven, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement Partially Finished, Interior Entry, Garage Access, Bulkhead
Laundry In Basement
Features None

Exterior

Construction Frame
Architecture Split Entry
Roof Shingle
Features Deck, Patio, Rain Gutters, Sprinkler System, Stone Wall
Pool None
Spa None
Fencing Fenced/enclosed
Patio/Porch Deck, Patio
Garage Spaces 2
Has Garage Yes
Features Attached, Garage Door Opener, Paved
Total Spaces 4
Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $7,877
Assessed Value $915,900
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Sellers Have Not Resided In Home For Decades. There Is Limited Knowledge About The Property.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1963
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,650 sq ft
Total Rooms
7

Floor Layout

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Water Heater, Oven, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Partially Finished, Interior Entry, Garage Access, Bulkhead
Laundry: In Basement
Security:

Construction & Materials

Style: Split Entry
Year Built: 1963
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Utilities & Systems

Heating: Baseboard, Natural Gas, Ductless
Heating Zones: 3
Cooling: Ductless
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck, Patio, Rain Gutters, Sprinkler System, Stone Wall
Patio & Porch: Deck, Patio
Fencing: Fenced/Enclosed
Other Structures: Workshop
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 4
Parking Features: Attached, Garage Door Opener, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities:
School District
Marblehead School District local
A-
✓ School Safety 2024-25
0.4% Low
0.4% Suspensions 0.2% In-School
↓ 5.1% below state avg
E

Elementary Schools

5 schools
Tower School
0.4 mi
Grades PK-08
Devereux - Marblehead
0.6 mi
Grades PK-12
Epstein Hillel School
1.3 mi
Grades K-08
A
Lucretia and Joseph Brown School
0.4 mi | #150 of 825 | Score: 57.0
Dropped 49 spots from last year
-1.2 below state avg
438 students Moderate
Grades PK-03
A+
Glover School
1.0 mi | #48 of 825 | Score: 62.4
Improved 62 spots from last year
+4.2 above state avg
317 students Less Diverse
Rising School Strong Attendance
Grades PK-03
M

Middle Schools

3 schools
B+
Village School
0.2 mi | #265 of 825 | Score: 51.8
Dropped 76 spots from last year
-6.4 below state avg
480 students Less Diverse
Strong Attendance
Grades 04-06
B+
Marblehead Community Charter Public School
1.0 mi | #109 of 352 | Score: 48.5
Improved 100 spots from last year
-9.7 below state avg
226 students Moderate
Rising School
Grades 04-08
A-
Marblehead Veterans Middle School
0.5 mi | #88 of 352 | Score: 50.8
Dropped 35 spots from last year
-7.4 below state avg
347 students Moderate
Grades 07-08
H

High Schools

1 school
A-
Marblehead High School
0.8 mi | #82 of 346 | Score: 62.5
Dropped 39 spots from last year
+4.3 above state avg
807 students Moderate
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $656
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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Total principal paid $0
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

15 Lorraine Terrace, Marblehead MA 01945

Marblehead, MA 01945

Listing Information

Listing Agent Willis + Tierney
Listing Office Compass
Office Phone 781-534-9229
Agent MLS ID TM352050
Office MLS ID AN6818
Listing Data Updated Oct 27, 2026 2:03 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steve Novak Real Estate
Steve Novak Real Estate
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