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Marblehead 01945
3 Frost Lane
Photo of 3 Frost Lane

13

Map

Photo of 3 Frost Lane
Photo of 3 Frost Lane
$480,000
● House - In Contract

3 Frost Lane

Marblehead, MA 01945
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,261 Ft²
$2,889
Est. Monthly

About This Property

PRICE REDUCED! Opportunity awaits in this attached row house located at the Frost Lane Association this unit is ideally located just moments from downtown Marblehead's shops, restaurants, waterfront, parks, and other local amenities. This 2-bedroom, 1.5-bath home offers a functional layout with hardwood floors throughout and a welcoming living room featuring a classic wood-burning fireplace. The partially finished walkout basement provides additional living or flex space with endless possibilities. A dedicated one-car parking space adds everyday convenience. This Property is the perfect opportunity for buyers looking to renovate, personalize, or invest in a property in a highly desirable location. Bring your vision and imagination to unlock this home's full potential!
Unit Size
1,261 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$381
Property Type
House
Property Taxes
$531
HOA Dues
-
Year Built
1968

Listed By

Meghan Maraghy
[email protected]
Leading Edge Real Estate

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Cap Rate Calculator

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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (MLSPIN #73549680)

Price History

Date / Event Date Event Price
Jul 31, 2026 In contract -
In contract
Jul 30, 2026 Relisted $480,000
Relisted
Jul 29, 2026 In contract -
In contract
Jul 27, 2026 Price Decreased $480,000
↓ $65K (11.9%)
Price Decreased
Jul 14, 2026 Listed by Foundation Brokerage Group $545,000
Listed by Foundation Brokerage Group

Property Highlights

Parking Available
Fireplace
Parking Details
Has Open Parking
Parking Features: Paved, Shared Driveway, Assigned, Paved
Open Parking Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Bonus Room
Appliances: Range, Refrigerator
Flooring Type: Wood
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Full, Partially Finished, Walk-Out Access
Exterior Details
Has Property Attached
Square Footage: 1261
Architectural Style: See Remarks
Year Built Source: Public Records
Year Built: 1968
Building Area Total: 1261
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 0.04
Lot Size Units: Acres
Lot Size Acres: 0.04
Lot Size Square Feet: 1742
Water Source: Public
Financial Details
Tax Assessed Value: $744,800
Tax Annual Amount: $6,375
Utilities Details
Cooling Type: None
Heating Type: Baseboard
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 476
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,537
  • Total Building Area: 1,261
  • Gross Building Area: 1,428
  • Building Area: 1,261
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,261
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CURTIS DEV CORP
  • Land Acres: 0000000035
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marblehead School District
  • School Tax School District: MARBLEHEAD SD
  • Census Tract: 203302

Zoning

  • Zoning: U

Geography

  • District: 168
  • Parcel: MARB M:0150 B:0031 L:0
  • Block: 31
  • Municipality: MARBLEHEAD
  • Latitude: 42.5075
  • Longitude: -70.8514

    Address

  • Full Address: 3 Frost Ln
  • Address - House Number: 3
  • Address - Street Name: Frost
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C026
  • 4-Digit Zip Code: 3405
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $504,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 662,981
  • High Value: 767,701
  • Low Value: 558,260

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $563,500
  • Assessed Land Value: $449,600
  • Assessed Improvements Value: $113,900
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marblehead

Stats & Trends

Median Asking:

$995,000

Sale Price/ft²

$546

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2929 ft²

Average Home Age

95.1 years

Currently For Sale

38 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 73549680

Frequently Asked Questions

When was property at 3 Frost Lane built and last sold?
The property at 3 Frost Lane was built in 1968 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3 Frost Lane is $497,830.
What are some comparable homes to 3 Frost Lane?
There are currently no comparable homes to 3 Frost Lane.
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