NOT LISTED FOR SALE

2 Towne Rd Boxford, MA 01921

Estimated Value: $1,310,277 - $1,596,000

4.57 Acres
$314,019 Price per Acre
199,069 Sq Ft Lot

Last Sold August 10, 2023

Last sale price $510,000

Est. 181% increase in value since last sale

Current estimated payment $8,776/month

122 Days on Market

Highlights

  • Community Stables
  • Waterfront
  • Wetlands on Lot
  • Spofford Pond School Rated A-
  • 4.57 Acre Lot
  • No HOA

About This Lot

As of August 2023

Opportunity knocks! Build your dream home on this beautiful, special piece of property in East Boxford with NO Builder Tie In. 4.57 acres of open field, stone walls and serene pond with small hut. Property abuts 100 acre Herrick Christmas Tree Farm (part of the New England Forestry Foundation). The forest is open for passive recreation with walking trails and Christmas tree cutting around the holidays. Survey done and sellers have a completed perc test and site plan with wetlands delineation. Also, the wetland buffer zone has been marked on the property. Property sold as is. Buyers are responsible for site work, septic design and well installation. Minutes to route 95. Please do not walk the property without the listing agent. Build the house of your dreams!

Last Agent to Sell the Property

Mary Rossi

Coldwell Banker Realty - Beverly Listed on: 02/20/2023

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Steve Horne

Cameron Prestige, LLC

Cameron Prestige, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,262

Lot Details

  • 4.57 Acre Lot
  • Waterfront
  • Near Conservation Area
  • Level Lot
  • Cleared Lot
  • Property is zoned RA

Location

  • Property is near schools

Schools

  • Cole/Spofford Elementary School
  • Masconomet Middle School
  • Masconomet High School

Utilities

  • Private Water Source
  • Perc Test On File For Septic Tank
  • Private Sewer

Listing and Financial Details

  • Legal Lot and Block 009.2 / 004

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Park
  • Community Stables
  • Jogging Path
  • Electricity Available at Street
  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$5,262

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • MAIN LO: AN6181
  • MAIN SO: AN4281

Exterior Features

  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront Features: Waterfront, Pond
  • Waterfront YN: Yes

Utilities

  • Sewer: Private Sewer, Perc Test On File
  • Gas: At Street
  • Electric: At Street
  • Water Source: Private

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Conservation Area, Highway Access, House of Worship, Public School
  • Senior Community YN: No

Lot Info

  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Features: Level, Rolling Slope, Wetlands, Cleared, Gentle Sloping
  • Lot Size Acres: 4.57
  • Lot Size Sq Ft: 199069
  • Lot Size Units: Acres
  • PERC TEST: Y
  • PERC TEST DATE: 2022-05-09T04:00:00.000Z
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5262
  • Tax Block: 004
  • Tax Lot: 009.2

MLS Schools

  • High School: Masconomet
  • Elementary School: Cole/Spofford
  • Middle Or Junior School: Masconomet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2016
Sold by
2 Towne Road Rt
Bought by
Panagiotakakos Dimitrios and Brabson Courtney
Current Estimated Value
$1,435,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$523,250
Outstanding Balance
$418,785
Interest Rate
3.66%
Mortgage Type
Unknown
Estimated Equity
$1,016,284

Purchase Details

Closed on
Jan 15, 1991
Sold by
Zarach Alan
Bought by
Morbeck Peter L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
9.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Panagiotakakos Dimitrios $800,000 --
Morbeck Peter L $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panagiotakakos Dimitrios $523,250
Previous Owner Morbeck Peter L $25,000
Previous Owner Morbeck Peter L $139,000
Previous Owner Morbeck Peter L $130,000
Previous Owner Morbeck Peter L $133,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2023 08/10/23 Sold $510,000 -3.8% --
06/23/2023 06/23/23 Pending -- -- --
06/04/2023 06/04/23 Price Changed $529,900 -6.9% --
02/20/2023 02/20/23 For Sale $569,000 -- --
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 $14,736 $1,095,600 $419,900 $675,700
2024 $13,893 $1,064,600 $419,900 $644,700
2023 $13,446 $971,500 $375,100 $596,400
2022 $13,314 $874,800 $312,800 $562,000
2021 $13,280 $829,500 $284,500 $545,000
2020 $12,800 $791,600 $284,500 $507,100
2019 $12,513 $768,600 $270,800 $497,800
2018 $11,998 $740,600 $270,800 $469,800
2017 $11,322 $694,200 $258,000 $436,200
2016 $9,762 $593,100 $258,000 $335,100
2015 $9,148 $572,100 $258,000 $314,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73080445

MLS Property Information Network (MLS PIN)

APN: BOXF-000032-000003-000006-000001-000001