7 Lorraine Ter

2,420 Sq. Ft.
$490 / Sq. Ft.
2,420
Sq. Ft.
$490
per Sq. Ft.

Description

This incredibly spacious mid-century modern home has undergone some amazing renovations in the past few months. The expansive family room, complete with a stone fireplace, and the fully remodeled kitchen are ideally suited for entertaining large groups of family and friends. Both spill out onto the expansive backyard through a brand new sliding glass door. In fact, almost the entire first floor has been renovated — new ensuite bathroom, newly created laundry room and brand new wide-plank hardwood...This incredibly spacious mid-century modern home has undergone some amazing renovations in the past few months. The expansive family room, complete with a stone fireplace, and the fully remodeled kitchen are ideally suited for entertaining large groups of family and friends. Both spill out onto the expansive backyard through a brand new sliding glass door. In fact, almost the entire first floor has been renovated — new ensuite bathroom, newly created laundry room and brand new wide-plank hardwood floors throughout. Virtually all of the windows and doors have also been replaced. The lower level has unusually tall ceilings and offers an incredible amount of space to create a recreation room, a cinema room or even an in-law suite. It has been fully demoed but is plumbed for an additional bathroom and/or a kitchenette. The potential is endless. The double lot (16 & 16A) also includes an in-ground pool that needs to be fully renovated and is being sold as is. 4 bedroom, 3 bath home.

Property Details for 7 Lorraine Terrace

Town
Marblehead
MLS Area
Old Town
Area
MA-Marblehead
Architectural Style
Contemporary, Raised Ranch
Style
Contemporary, Raised Ranch
Garage Spaces
2
Parking Spaces
3.00
Parking Spaces Total
5
LISTING UPDATED: 08/05/2022 09:57 AM

Property Details for 7 Lorraine Terrace

StatusSold
MLS #72946957
Days on Market35
Taxes$7,839 / year
HOA Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Detached
Year Built1964
CountyEssex County

Location

Listing Courtesy of Compass, Ruocco Group; Compass, Amy Ruocco; Compass, Bryan Ruocco

Sold By Sagan Harborside Sotheby's International Realty, Lynne Breed

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Building Information for 7 Lorraine Terrace

Stories-Year Built1964Building Size-Lot Size0.33 AC / 14,200 SF

Payment Calculator

$6,429 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,775

Property Taxes

$653

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7 Lorraine Terrace

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Park, Walk/Jog Trails, Bike Path, Conservation Area, House of Worship, Private School, Public School
  • Current Financing: Other
  • Living Area: 2420.0
  • Property Attached: No
  • Single Family Type: Detached
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Bell
  • High School: Marblehead
  • Middle School: Veterans
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Basement Features: Full, Garage Access, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Engineered Hardwood
  • Laundry Features: Washer Hookup
  • Primary Bath: Yes
Exterior Features
  • Fencing: Fenced/Enclosed
  • Lot Description: Gentle Sloping, Other
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Harbor, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Attached Garage: Yes
  • Carport: No
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Under, Off-Street
  • Parking Features: Under, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Electric: 220 Volts
  • Heating: Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Finished Area 2420 sq. ft. / Basement 1,452 sq. ft. Basement is ready to be finished. 8' Ceiling height to bottom of joists. Existing plumbing for bar,bathroom and kitchenette. Pool is being sold as is. Current owner has never opened or used the pool.
Tax Information
  • Tax ID: M:0105 B:0016 L:0,2023278
  • Assessments: $752,300
  • Book: 39723
  • Tax Year: 2021
  • Zoning: SR
Building / Association Information
Living Characteristics
  • Beds Total: 4
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Cooling Zones: 1
  • Heat Zones: 2
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1.0

Property History for 7 Lorraine Terrace

DateEvent & SourcePriceAppreciation
May 4, 2022

Sold

MLS PIN #72946957

$1,185,000
Mar 21, 2022

Contingent

MLS PIN #72946957

Mar 1, 2022

Listed (Active)

MLS PIN #72946957

$1,195,000
Apr 2, 2021

Sold

MLS PIN #72774787

$825,000
Feb 23, 2021

Contingent

MLS PIN #72774787

Jan 14, 2021

Listed (Active)

MLS PIN #72774787

$899,000
DateEvent & SourcePrice
05/04/2022

Sold

MLS PIN #72946957

$1,185,000
03/21/2022

Contingent

MLS PIN #72946957

03/01/2022

Listed (Active)

MLS PIN #72946957

$1,195,000
04/02/2021

Sold

MLS PIN #72774787

$825,000
02/23/2021

Contingent

MLS PIN #72774787

01/14/2021

Listed (Active)

MLS PIN #72774787

$899,000

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

Public Records for 7 Lorraine Terrace

Taxable ValueLand$691,500Additions$452,100Total$1,143,600
Tax Record2025$10,350 ($862 / month)
Home Facts
Beds4Baths3.5Total Finished SqFt3,872 SqFtAbove Grade Finished SqFt3,872 SqFtUnfinished Basement SqFt968 SqFtStories1Lot Size14,183 SqFtStyleSingle Family ResidenceYear Built1964ZoningSRCountyESSEXAPNMARB M:0105 B:0016 L:0Fireplace TypeHas Fireplace

Schools near 7 Lorraine Terrace

This home is within Marblehead School District.
Rating
School
Type
Grades
Distance
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Village School
Public4 to 6

Marblehead Veterans Middle School
Public7 to 8

Marblehead High School
Public9 to 12

Lucretia and Joseph Brown School
PublicPK to 3

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Compass, Ruocco Group; Compass, Amy Ruocco; Compass, Bryan Ruocco

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.