1 Lime St Newburyport, MA 01950
3
Beds
3.5
Baths
2,448
Sq Ft
2,118
Sq Ft Lot
Highlights
- Water Access
- Open Floorplan
- 1 Fireplace
- Newburyport High School Rated A-
- Wood Flooring
- 5-minute walk to Joppa Park
About This Home
As of January 2025Attention Investors! Legal 3 Family in Newburyport's desirable South End! LOCATION... Location... location that can cash flow day one or condo covert for profit! Also could be perfect for Buyer looking to live in one unit and rent out the other two, a bedrock real estate strategy used by many first timer buyers / investors to leverage a trade up while building equity for the future! This property consists of 3 move in ready units, two garden style units with one first floor single level and another on 2nd floor single level. The 3rd unit is a 2 level townhouse style unit, which is currently vacant so move right in, 2 bedrooms 1.5 baths on two levels plus full basement storage. This kind of solid investment opportunity does not come often! South End Newburyport just a couple blocks to everything with the rail trail at your doorstep!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,238
Year Built
- Built in 1850
Lot Details
- 2,118 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Radon Mitigation System
Interior Spaces
- 2,448 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- 1 Fireplace
- Living Room
- Dining Room
- Wood Flooring
Kitchen
- Oven
- Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Partial Basement
- Interior Basement Entry
- Block Basement Construction
Parking
- 2 Car Parking Spaces
- Tandem Parking
- Off-Street Parking
Outdoor Features
- Water Access
- Covered Patio or Porch
- Rain Gutters
Utilities
- Forced Air Heating and Cooling System
- 100 Amp Service
Community Details
- 3 Units
- Net Operating Income $81,000
Listing and Financial Details
- Total Actual Rent $6,750
- Rent includes unit 1(water)
- Assessor Parcel Number M:0023 B:0003 L:0000,2085601
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2024
Closed on
Feb 3, 2025
Sold by
Marks David and Marks Evan
Bought by
Marks Ft Of 2021 and Marks
Seller's Agent
Robert Bentley
RE/MAX Bentley's
Buyer's Agent
Gorfinkle Group
eXp Realty
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,333
Avg. Annual Appreciation
-13.29%
Original Mortgage
$1,045,000
Outstanding Balance
$1,037,902
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$20,902
Purchase Details
Closed on
Mar 16, 2020
Sold by
Jeanette T
Bought by
Jeanette T
Purchase Details
Closed on
Jun 27, 1985
Bought by
Mitrano Jeanette I
Similar Home in Newburyport, MA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $136,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,045,000 | Purchase Money Mortgage | |
| Closed | $1,045,000 | Purchase Money Mortgage | |
| Previous Owner | $190,000 | Credit Line Revolving | |
| Previous Owner | $120,000 | No Value Available | |
| Previous Owner | $140,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $1,100,000 | -8.3% | $449 / Sq Ft |
| 12/16/2024 12/16/24 | Pending | -- | -- | -- |
| 12/05/2024 12/05/24 | For Sale | $1,200,000 | -- | $490 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,522 | $785,200 | $370,900 | $414,300 |
| 2024 | $7,238 | $726,000 | $337,200 | $388,800 |
| 2023 | $7,135 | $664,300 | $293,200 | $371,100 |
| 2022 | $7,085 | $589,900 | $244,400 | $345,500 |
| 2021 | $6,803 | $538,200 | $222,100 | $316,100 |
| 2020 | $6,658 | $518,500 | $222,100 | $296,400 |
| 2019 | $6,140 | $469,400 | $222,100 | $247,300 |
| 2018 | $6,032 | $454,900 | $211,600 | $243,300 |
| 2017 | $5,533 | $411,400 | $201,500 | $209,900 |
| 2016 | $5,314 | $396,900 | $183,500 | $213,400 |
| 2015 | $4,972 | $372,700 | $183,500 | $189,200 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Robert Bentley
RE/MAX
(781) 858-5115
116 in this area
171 Total Sales
-
Buyer's Agent in 2025
Gorfinkle Group
eXp Realty
(617) 820-8085
2 in this area
159 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73317773
APN: NEWP-000023-000003
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.
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