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5 Elm Place, Marblehead MA 01945

Marblehead, MA 01945
$1,427,000
Est. $8,153/month
4
Beds
2.5
Baths
2,214
Sq Ft
$645
Price/Sq Ft
0.10
Acres
1891
Year Built
16
Days on Market
Closed Listed Jan 7, 2025 • MLS# 73323934 Copied!

About this home

Pristine antique colonial with a prime location, conveniently perched between downtown and old town Marblehead, with access to restaurants, coffee shops, boutiques, and historic landmarks! Boasting 4 bedroom, 2.5 bathrooms, with no detail spared with renovations and historic preservation. The living room and family room have refinished pine flooring, recessed lighting, and window seat. The chef's kitchen is the showstopper with marble countertops and island, Wolf Range, two dishwashers, double oven, Sub-Zero refrigerator, wine cooler, custom cabinetry, and fir flooring. Don't miss the renovated half bath too! Swoon-worthy first floor primary suite ,with spa like bathroom, the perfect retreat. The second floor has an additional three bedrooms, and a full bathroom, renovated. Lower level TV room with slider to the fully fenced landscaped yard with irrigation. As a bonus, deck for entertaining, two car parking, outdoor shower, full exterior painting done, and all bathrooms are radiant!

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1891
Bedrooms
4
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,214 sq ft
Total Rooms
9
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $1,175,000
Final Sale Price: $1,427,000
Difference: +$252,000 (+21.4%)
Performance Metrics
121.4%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $531
Sale $/sq ft: $645
This property sold for $645 per square foot
Sale Summary

This property sold for 21.4% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$645/sq ft
Area Average
$519/sq ft
Difference
+24.4%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1891
Living Area 2,214 sq ft
Lot Size 0.10 acres
Bedrooms 4
Full Baths 2
Half Baths 1
Total Rooms 9

Interior

Heating Electric Baseboard, Hot Water, Radiant, Natural Gas
Cooling None
Flooring Wood, Tile, Carpet, Flooring - Wall To Wall Carpet
Appliances Tankless Water Heater, Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Wine Refrigerator, Range Hood, Plumbed For Ice Maker
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry In Basement
Features Closet/cabinets - Custom Built, Recessed Lighting, Slider, Bonus Room

Exterior

Construction Frame
Architecture Colonial, Antique
Roof Shingle
Features Deck - Composite, Patio, Rain Gutters, Professional Landscaping, Sprinkler System, Fenced Yard, Outdoor Shower, Stone Wall
Pool None
Spa None
Fencing Fenced/enclosed, Fenced
Patio/Porch Deck - Composite, Patio

Parking

Features Off Street, Stone/gravel
Total Spaces 2

Utilities

Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Icemaker Connection

Financial

Annual Tax $8,844
Assessed Value $987,800

Interior Features

Flooring: Wood, Tile, Carpet, Flooring - Wall to Wall Carpet
Appliances: Tankless Water Heater, Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Wine Refrigerator, Range Hood, Plumbed For Ice Maker
Interior Features: Closet/Cabinets - Custom Built, Recessed Lighting, Slider, Bonus Room
Windows: Insulated Windows
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry: In Basement
Security:

Construction & Materials

Style: Colonial, Antique
Year Built: 1891
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone

Heating, Cooling & Utilities

Heating: Electric Baseboard, Hot Water, Radiant, Natural Gas
Heating Zones: 3
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck - Composite, Patio, Rain Gutters, Professional Landscaping, Sprinkler System, Fenced Yard, Outdoor Shower, Stone Wall
Patio & Porch: Deck - Composite, Patio
Fencing: Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Stone/Gravel

Special Features

View: Yes
View Type: Scenic View(s)
Community Amenities: Public Transportation, Shopping

Location

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Neighborhood

5 Elm Place, Marblehead MA 01945

Marblehead, MA 01945

Walkability

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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
E

Elementary Schools

5 schools
Devereux - Marblehead
0.9 mi
Grades PK-12
Tower School
1.0 mi
Grades PK-08
Epstein Hillel School
1.6 mi
Grades K-08
A
Lucretia and Joseph Brown School
0.9 mi | #161 of 824 | Score: 56.6
Dropped 60 spots from last year
-1.6 below state avg
445 students Moderate
Grades PK-03
A+
Glover School
1.5 mi | #63 of 824 | Score: 61.5
Improved 47 spots from last year
+3.3 above state avg
318 students Moderate
Rising School Strong Attendance
Grades PK-03
M

Middle Schools

3 schools
B+
Marblehead Community Charter Public School
0.4 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
B+
Village School
0.6 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
A-
Marblehead Veterans Middle School
0.5 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
H

High Schools

1 school
A-
Marblehead High School
1.0 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
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Monthly Payment Calculator

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Loan Amount
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $737
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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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.

Property History

Market Insights

17.7%
Price Range
17
Total Days on Market

Property Timeline

Sold
Feb 18, 2025
$1,427,000
Property sold
Days on Market: 17
🏠
Listed for Sale
Jan 7, 2025
$1,175,000
Original listing
Agent: Elizabeth Walters Office: Coldwell Banker Realty - Marblehead

Price & Status History

Date Event Price Change
Jan 7, 2025 New Listing Added $1,175,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$645

Tax History

Year Taxes Assessment
2025 $8,844 $987,800

Financial Details

Annual Property Tax
$8,844
Tax Year 2025
Assessed Value
$987,800

Listing Information

Listing Agent Elizabeth Walters
Listing Office Coldwell Banker Realty - Marblehead
Agent MLS ID CT005088
Office MLS ID AN6221
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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Market Analytics for Marblehead, MA

Real-time market trends and pricing data for this area

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Steven Novak

Steven Novak

BMN Boston Real Estate

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