$472,000
SOLD SEP 16, 2016

1 Merrimac St Unit 24 Newburyport, MA 01950

2 Beds
3 Baths
1,648 Sq Ft
1984 Built

Recently Sold

$286 Per Sq Ft

1% Above List Price

5 Days on Market

About This Home

As of January 2021

This 2 bedroom 2.5 bath townhouse offers immediate access to Newburyport's waterfront, stores and restaurants. Located on the 3rd floor of the Merrimac Landing building this townhouse offers a spacious living/dining area, enclosed patio, central air and 2 large bedrooms. Those amenities coupled with elevator (and stair) access and exclusive underground parking offers everything someone wishing to live downtown can ask for.

Last Agent to Sell the Property

Eileen Gagnon

Gibson Sotheby's International Realty Listed on: 07/24/2016

Gibson Sotheby's International Realty

Last Buyer's Agent

Ellen Hazo

Advisors Living - Merrimac

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,755

Year Built

1984

Lot Details

0

Listing Details

  • Unit Level: 3
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1984

Interior Features

  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 4
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Private School, Public School
  • Electric: 200 Amps
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Insulation: Full
  • Bedroom 2: Second Floor, 14X13
  • Kitchen: First Floor, 8X11
  • Living Room: First Floor, 24X16
  • Master Bedroom: Second Floor, 14X13
  • No Living Levels: 2

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Brick
  • Exterior: Brick
  • Exterior Unit Features: Deck, Covered Patio/Deck, City View(s)
  • Waterview Flag: Yes

Garage/Parking

  • Garage Parking: Under, Storage
  • Garage Spaces: 1
  • Parking Spaces: 0

Utilities

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

Condo/Co-op/Association

  • Condominium Name: Merrimac Landing
  • Association Fee Includes: Master Insurance, Elevator, Exterior Maintenance, Landscaping, Snow Removal
  • Association Security: Intercom
  • Management: Professional - Off Site
  • Pets Allowed: Yes
  • No Units: 30
  • Unit Building: 24

Fee Information

  • Fee Interval: Monthly

Schools

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

Lot Info

  • Assessor Parcel Number: M:0003 B:0052 L:0000
  • Zoning: R
  • Lot: 0000

Multi Family

  • Waterview: River

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $557,500 None Available
Not Resolvable $474,000 --
Deed $195,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $278,750 Purchase Money Mortgage
Previous Owner $355,500 Adjustable Rate Mortgage/ARM
Previous Owner $18,750 Purchase Money Mortgage
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

  • Ellen Hazo

    Seller's Agent in 2021

    Ellen Hazo

    Advisors Living - Merrimac

    (978) 821-2425

    21 in this area

    44 Total Sales

    Section Image
  • Gretchen Maguire

    Buyer's Agent in 2021

    Gretchen Maguire

    Realty One Group Nest

    (617) 688-5290

    35 in this area

    81 Total Sales

    Section Image
  • Eileen Gagnon

    Seller's Agent in 2016

    Eileen Gagnon

    Gibson Sotheby's International Realty

    (978) 270-6843

    25 in this area

    62 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72042839

MLS Property Information Network (MLS PIN)

APN: NEWP-000003-000052

Massachusetts Essex County Newburyport 01950

1 Merrimac St Unit 24, Newburyport, MA

This home is located at 1 Merrimac St Unit 24, Newburyport, MA 01950 and is currently priced at $472,000, approximately $286 per square foot. This property was built in 1984. 1 Merrimac St Unit 24 is a home located in Essex County with nearby schools including Francis T. Bresnahan Elementary School, Edward G. Molin Elementary School, and Rupert A. Nock Middle School.

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