31 Mugford St., Marblehead MA 01945
Marblehead, MA 01945 • Old Town
$899,000
$879,000
Est. $5,223/month
About this home
Set on one of Old Town Marblehead’s most picturesque streets, 31 Mugford Street offers a rare opportunity to own a piece of the town’s coastal history. Moments from the harbor, yacht clubs, boutiques, and renowned restaurants, the property captures the charm and walkable lifestyle that define Marblehead’s Historic District.Dating to the 1700s, this iconic residence blends historic character, sunlit interiors, and timeless detail. A detached two-car garage and private outdoor space — true rarities in Old Town — further elevate the offering.Currently configured as a three-family property, 31 Mugford offers flexibility for investors, owner-occupants, multigenerational living, or those seeking income potential. Two units are expected to be delivered vacant this summer, offering opportunities for immediate occupancy or customization. A truly unique offering in one of the North Shore’s most sought-after seaside communities.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
2.2%
Price Range
Property Timeline
Price Reduced
May 14, 2026
$879,000
$20,000
(-2.22%)
From $899,000 to $879,000 (-2.2%)
Listed for Sale
Apr 28, 2026
$899,000
Original listing
Agent: Graeme Jones
Office: Coldwell Banker Realty - Marblehead
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/14/2026 | ↓ Price Reduced | $879,000 | $20,000 | - | From $899,000 to $879,000 (-2.2%) |
| 04/28/2026 | 🏠 Listed for Sale | $899,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $6,939 | $807,800 |
Financial Details
Annual Property Tax
$6,939
Tax Year 2026
Assessed Value
$807,800
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1780
Living Area
1,378 sq ft
Lot Size
0.07 acres
Bedrooms
3
Full Baths
3
Total Rooms
5
Investment Metrics
Units
3
Unit 1 Rent
$1,500/mo · Y
Unit 2 Rent
$1,600/mo · Y
Unit 3 Rent
$1,200/mo · Y
Total Monthly Rent
$4,300/mo
Gross Income
$58,800
Net Operating Income
$58,800
Operating Expenses
$350
Electric Expense
$60
Insurance Expense
$290
Cap Rate
6.69%
Interior
Heating
None
Cooling
None
Flooring
Wood, Pine
Appliances
None
Fireplace
None
Fireplaces
4
Basement
Crawl Space
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Garden
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Shared Driveway, Off Street, Deeded
Total Spaces
4
Utilities
Electric
110 Volts, Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$6,939
Assessed Value
$807,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
98 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1780
Bedrooms
3
Full Bathrooms
3
Living Area
1,378 sq ft
Total Rooms
5
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,378 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Pine
Appliances:
Interior Features:
Windows:
Basement:
Crawl Space
Laundry:
Security:
Construction & Materials
Year Built:
1780
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Granite
Stories:
3
Heating, Cooling & Utilities
Heating:
Heating Zones:
3
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Garden
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
4
Parking Features:
Shared Driveway, Off Street, Deeded
Special Features
Fireplaces:
4
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Laundromat, Bike Path, House of Worship, Public School
Nearby Schools
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
Elementary Schools
3 schools
Devereux - Marblehead
1.1 mi
Grades PK-12
A
Lucretia and Joseph Brown School
1.2 mi
|
#161 of 824
|
Score: 56.6
Dropped 60 spots from last year
-1.6 below state avg
445 students
Moderate
Grades PK-03
Tower School
1.3 mi
Grades PK-08
Middle Schools
3 schools
B+
Marblehead Community Charter Public School
0.2 mi
|
#115 of 352
|
Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students
Moderate
Rising School
Strong Attendance
Grades 04-08
A-
Marblehead Veterans Middle School
0.8 mi
|
#83 of 352
|
Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students
Less Diverse
Grades 07-08
B+
Village School
0.9 mi
|
#253 of 824
|
Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students
Moderate
Grades 04-06
High Schools
3 schools
A-
Marblehead High School
1.3 mi
|
#80 of 346
|
Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students
Less Diverse
20 sports
• 2,426 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
B+
Salem Academy Charter School
1.9 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
3.0 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$578
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
Old Town
31 Mugford St., Marblehead MA 01945
Marblehead, MA 01945
Listing Information
Listing Agent
Graeme Jones
Listing Office
Coldwell Banker Realty - Marblehead
Office Phone
781-631-9511
Agent MLS ID
CN202726
Office MLS ID
AN6221
Listing Data Updated
Aug 4, 2026 11:55 AM 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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