31 Mugford St, Marblehead, MA, 01945
About This Home
Steeped in history and coastal charm, this circa-1790 three-family residence sits in the heart of Old Town Marblehead. The property features three thoughtfully designed, light-filled studio apartments, each showcasing timeless period details and a warm, inviting feel .A rare detached two-car garage adds significant value and additional income, while the Beacon Hill-style garden offers a private retreat ideal for morning coffee, summer evenings, or entertaining. Just moments from shops, restaurants, bars, and Marblehead Harbor, the location captures the essence of coastal living. Perfect for investors or owner-occupants, this versatile property also lends itself to short-term rental opportunities, offering both lifestyle and income potential in one of the North Shore’s most picturesque settings. Fully occupied multi-family with stable tenancy. To minimize disruption, showings will be conducted after an accepted offer. Financials and property details available upon request.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1780
Materials
- Foundation: Stone,Granite
- Roof: Shingle
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: 3 Family - 3 Units Up/Down
Interior
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- Flooring: Wood,Pine
- Number of fireplaces: 4
- Fireplace: Yes
- Finished area above ground: 1,378
Interior Area
- Total structure area: 1,378
- Total interior livable area: 1,378 sqft
Property
Details
- Parcel number: M:0150 B:0091 L:0,2026298
- Zoning: HIST
Features
- Exterior features: Garden
- Waterfront features: Harbor,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)
Lot
- Lot size: 3,250 sqft
Parking
- Total spaces: 4
- Parking features: Shared Driveway,Off Street,Deeded
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,444 | $53,328 |
| Home Insurance * | $280 | $3,360 |
| Property Taxes | $650 | $7,800 |
| Electricity | $354 | $4,259 |
| Total | $5,728 | $68,736 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Listed for sale | $899,000 |
| 2023-10-30 | Listing removed | $799,000 |
| 2023-10-20 | Listed for sale | $799,000 |
| 2013-08-12 | Listing removed | $399,900 |
| 2013-04-23 | Listed for sale | $399,900 |
| 2011-05-29 | Listing removed | $449,000 |
| 2011-05-09 | Listed for sale | $449,000 |
| 2008-09-19 | Sold | $280,000 |
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