NOT LISTED FOR SALE

1 Merrimac St Unit 24 Newburyport, MA 01950

Estimated Value: $781,000 - $947,000

2 Beds
3 Baths
1,648 Sq Ft
$532/Sq Ft Est. Value

Last Sold January 06, 2021

Last sale price $557,500 $338 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,450/month

90 Days on Market

Highlights

  • River View
  • Wood Flooring
  • 1-minute walk to Waterfront Park
  • Newburyport High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of January 2021

Downtown Newburyport right out your doorstep! Elevator and underground parking. Open 1st floor plan - kitchen, dining room, living room. All year round covered porch area with large glass sliders and seasonal water views of the Merrimac River. Three newly renovated bathrooms with no expense spared on finishes. Two large bedroom suites perfectly situatated with plenty of light and privacy. Condo Association is professionally managed and maintained.

Last Agent to Sell the Property

Ellen Hazo

Advisors Living - Merrimac Listed on: 08/07/2020

Last Buyer's Agent

Gretchen Maguire

Realty One Group Nest

Realty One Group Nest

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,755

Year Built

  • Built in 1984

Parking

  • 1 Car Garage

Property Views

  • River Views

Kitchen

  • Range
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

  • Newburyport High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • Pets Allowed

Listing and Financial Details

  • Assessor Parcel Number M:0003 B:0052 L:0000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,755

Year Built

Built in 1984

Lot Details

0

Parking

1

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Townhouse, Mid-Rise
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 348.30
  • Comp Based On: Net Sale Price
  • Year Built: 1984
  • Lead Paint: Unknown
  • Unit Building: 24
  • Unit Level: 3
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1984

Interior Features

  • Fireplaces: 1
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Appliances: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
  • No Bedrooms: 2
  • Master Bedroom: On Level: Second Floor, Dimension: 14X13
  • Bedroom 2: On Level: Second Floor, Dimension: 14X13
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • No Rooms: 4
  • Kitchen: On Level: First Floor, Dimension: 8X11
  • Laundry Features: In Unit
  • Living Room: On Level: First Floor, Dimension: 24X16
  • No Living Levels: 2
  • Main Lo: AN4550
  • Main So: C95039
  • Estimated Sq Ft: 1648.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Waterview Features: River
  • Waterview Flag: Yes
  • Construction: Brick
  • Exterior: Brick

Garage/Parking

  • Garage Parking: Under, Garage Door Opener, Storage
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Forced Air, Electric
  • Heat Zones: 1
  • Hot Water: Electric

Condo/Co-op/Association

  • HOA Fees: 692.00
  • Association Fee Includes: Master Insurance, Elevator, Landscaping, Snow Removal, Extra Storage
  • Condo Association: Yes
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Merrimac Landing

Schools

  • Elementary School: Bresnahan
  • Middle School: Molin/Nock
  • High School: Newburyport

Lot Info

  • Assessments: 571400.00
  • Lot: 0000
  • Page: 96
  • Parcel Number: M:0003 B:0052 L:0000
  • Zoning: B2
  • Master Book: 13387
  • Master Page: 561

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 7337.00
  • Assessor Parcel Number: 2084507
  • Tax Year: 2020

Multi Family

  • No Units: 30

MLS Schools

  • Grade School: Bresnahan
  • High School: Newburyport
  • Middle School: Molin/Nock

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Nov 30, 2020
Sold by
Phelan Patrick and Phelan Susan
Bought by
Emanuelson Gordon C
Seller's Agent
Ellen Hazo
Advisors Living - Merrimac
Buyer's Agent
Gretchen Maguire
Realty One Group Nest
List Price
$599,000
Sold Price
$557,500
Premium/Discount to List
-$41,500
-6.93%
Current Estimated Value
$877,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,849
Avg. Annual Appreciation
10.36%
Original Mortgage
$278,750
Outstanding Balance
$251,013
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$626,336

Purchase Details

Listed on
Jul 24, 2016
Closed on
Sep 16, 2016
Sold by
Illinois Tool Works In
Bought by
Phelan Patrick and Phelan Susan
Seller's Agent
Eileen Gagnon
Gibson Sotheby's International Realty
Buyer's Agent
Ellen Hazo
Advisors Living - Merrimac
List Price
$469,000
Sold Price
$472,000
Premium/Discount to List
$3,000
0.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%
Original Mortgage
$355,500
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 31, 1996
Sold by
Merrimac Assoc and Olsen Martin A
Bought by
Foilmark Manufacturing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,750
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Emanuelson Gordon C $557,500 None Available
Phelan Patrick $474,000 --
Foilmark Manufacturing $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emanuelson Gordon C $278,750
Previous Owner Phelan Patrick $355,500
Previous Owner Foilmark Manufacturing $18,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2021 01/06/21 Sold $557,500 -2.9% $338 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
10/28/2020 10/28/20 Price Changed $574,000 -0.2% $348 / Sq Ft
09/11/2020 09/11/20 Price Changed $574,900 -4.0% $349 / Sq Ft
08/07/2020 08/07/20 For Sale $599,000 +26.9% $363 / Sq Ft
09/16/2016 09/16/16 Sold $472,000 +0.6% $286 / Sq Ft
07/29/2016 07/29/16 Pending -- -- --
07/24/2016 07/24/16 For Sale $469,000 -- $285 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $7,755 $809,500 $0 $809,500
2024 $8,653 $867,900 $0 $867,900
2023 $7,377 $686,900 $0 $686,900
2022 $7,402 $616,300 $0 $616,300
2021 $7,363 $582,500 $0 $582,500
2020 $7,337 $571,400 $0 $571,400
2019 $7,099 $542,700 $0 $542,700
2018 $6,222 $469,200 $0 $469,200
2017 $5,784 $430,000 $0 $430,000
2016 $5,582 $416,900 $0 $416,900
2015 $6,184 $463,600 $0 $463,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72706189

MLS Property Information Network (MLS PIN)

APN: NEWP-000003-000052