About this home

Welcome to 15 Lorraine Terrace, a meticulously maintained split-level ranch lovingly cared for by the same family for decades. Situated in a desirable Marblehead neighborhood just moments from Village Street Dock, this inviting home offers a wonderful combination of comfortable living spaces, thoughtful functionality and beautifully landscaped grounds. The main level features a welcoming living room with a gas fireplace insert framed by built-in bookcases, flowing naturally into the adjoining dining room. The eat-in kitchen offers generous space for casual dining and direct access to the backyard and patio, creating an easy connection between indoor and outdoor living. Three bedrooms include a primary suite with a private bath featuring a walk-in shower, while two additional bedrooms share a full bathroom with tub. The partially finished lower level provides a cozy family room, a half bath, dedicated laundry area and unfinished workshop area, along with convenient interior access to the two-car garage. Additional highlights include gas heat, mini-split systems for cooling and supplemental heating, and beautifully established landscaping in the fenced-in flat backyard. With its flexible floor plan, wonderful outdoor spaces and undeniable pride of ownership, this wonderful property offers an exceptional opportunity to settle into a well-loved home that is ready for its next chapter. Enjoy all that makes Marblehead such a special place to call home, from its picturesque harbor and beautiful beaches to the shops, restaurants and historic charm of Old Town. With a rich maritime heritage, vibrant community and exceptional coastal lifestyle, Marblehead is a perfect place to put down roots.

Facts and features

Schools

• Marblehead Veterans Middle School

  middle · 7-8 · 0.6 mi

  9

• Marblehead High School

  high · 9-12 · 0.7 mi

  8

• Village School

  elementary · 4-6 · 0.2 mi

  7

• Tower School

  elementary · K-8 · 0.4 mi

• Lucretia and Joseph Brown School

  elementary · K-3 · 0.4 mi

  8

• Devereux School

  elementary · K-5 · 0.6 mi

Price history

• Oct 27, 2026 · Listed$850,000

Tax history

• 2026$7,840 tax · $915,900 assessed
• 2024$7,095 tax · $791,900 assessed
• 2023$7,272 tax · $727,200 assessed
• 2022$6,857 tax · $651,800 assessed
• 2021$6,375 tax · $611,800 assessed
• 2020$6,218 tax · $598,500 assessed
• 2019$6,163 tax · $573,800 assessed
• 2018$5,917 tax · $536,900 assessed

Home value

$871,400

• Cotality$871,400
• Quantarium$861,997
• Collateral Analytics$960,000

Where it is