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31 Mugford St, Marblehead MA 01945

Marblehead, MA 01945 • Old Town
$899,000
$879,000
Est. $5,223/month
3
Beds
3
Baths
1,378
Sq Ft
$638
Price/Sq Ft
0.07
Acres
1780
Year Built
2
Garage Spaces
73
Days on Market
Active Price Drop -$20,000 Listed Apr 28, 2026 • MLS# 73507029 Copied! • Updated Jun 23, 2026

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

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%
Heating None
Cooling None
Flooring Wood, Pine
Appliances None
Fireplace None
Fireplaces 4
Basement Crawl Space
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features Garden
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 2
Has Garage Yes
Features Shared Driveway, Off Street, Deeded
Total Spaces 4
Electric 110 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $6,939
Assessed Value $807,800
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures None
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) 56 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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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
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
1.1 mi
Grades PK-12
Tower School
1.3 mi
Grades PK-08
Epstein Hillel School
1.9 mi
Grades K-08
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
A+
Glover School
1.8 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
0.2 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
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
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
H

High Schools

1 school
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
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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 $578
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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+0.5% 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.

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 Jun 23, 2026 10:16 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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