15 Lorraine Terrace, Marblehead, MA 01945

$850,000 · For sale

15 Lorraine Terrace, Marblehead

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.

About this address

15 Lorraine Terrace is a 3-bedroom, 2.5-bath single-family home for sale in Marblehead, MA 01945 with 1,650 square feet, asking $850,000. It was built in 1963. It has been on our site since October 27, 2026.

The median asking price among the 5 other 3-bedroom single-family homes for sale in Marblehead is $899,900. This one asks about 6% less. At $515 a square foot, it compares with a median of $690 among the 27 other single-family homes for sale in Marblehead with a stated size.

At 1,650 square feet, it is smaller than 60% of the 5 other 3-bedroom single-family homes in Marblehead with a stated size.

This home is assessed at $791,900 for fiscal year 2025. The assessor lists a lot of 0.17 acres.

It scores 37 out of 100 for walkability, from how close everyday places are.

The closest train or subway stop is Salem (MBTA Newburyport/Rockport Line), about 2.0 miles away. The closest bus stop is Pleasant St @ Baldwin Rd (MBTA routes 441, 442), about 0.6 miles away.

The closest public schools by level are Lucretia and Joseph Brown School (0.4 miles), Village School (0.2 miles) and Marblehead High (0.7 miles). The district decides which school serves an address.

Listing information from MLS Property Information Network (MLS PIN), MLS #73595574, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.

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