NOT LISTED FOR SALE

226 Merrimac St Newburyport, MA 01950

Estimated Value: $452,121

2 Beds
2.5 Baths
2,880 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $710,000 $247 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $2,904/month

42 Days on Market

Highlights

  • Marina
  • River View
  • Park
  • Newburyport High School Rated A-
  • Wood Flooring
  • 1-minute walk to Cashman Park

About This Home

As of August 2023

Attention Investors and Entrepreneurs! Discover a Hidden Gem in Newburyport's Thriving Market. This extraordinary mixed-use building at 226 Merrimac St offers 2,880 sq ft of potential, including a 990 sq ft residential unit and a lower level commercial space. Imagine the possibilities! Previously leased by the renowned modern Butcher, this commercial space holds immense potential for your next business venture. Located near Cashman Park, with its recreational amenities, this property offers the perfect blend of convenience and leisure. Don't miss this rare opportunity! --

Last Agent to Sell the Property

Christian Smith

Keller Williams Realty Evolution Listed on: 06/14/2023

Keller Williams Realty Evolution

Last Buyer's Agent

Elizabeth Smith

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,587

Year Built

  • Built in 1850

Lot Details

  • 4,650 Sq Ft Lot
  • Irregular Lot

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,880 Sq Ft Home
  • Property has 1 Level
  • River Views

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Listing and Financial Details

  • Tax Block 0005
  • Assessor Parcel Number M:0055 B:0005 L:0000,2088240

Community Details

Overview

  • 2 Units

Recreation

  • Marina
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,587

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1850
  • Buyer Agency: 3
  • Transaction Broker: 3
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Vinyl,Carpet,Hardwood,Wood Laminate
  • Interior Amenities: Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Utility Connections for Electric Range
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Basement: Full, Interior Entry, Unfinished
  • Living Area: 2880
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 277.43
  • PRICE PER Sq Ft: 246.53
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block, Irregular
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Park, Marina
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0055 B:0005 L:0000,2088240
  • Zoning: Mixed Use
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4650
  • Lot Size Units: Acres
  • PAGE: 399
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5587
  • Tax Block: 0005
  • Tax Book Number: 41575
  • Tax Lot: 0000
  • Tax Map Number: 0055

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Waterview: River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2007
Sold by
Sopsan Llc and Manley
Bought by
Prentice Douglas
Current Estimated Value
$452,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2000
Sold by
Hagey Sophy
Bought by
Sopsan Llc

Purchase Details

Closed on
Jul 28, 2000
Sold by
Hamaoui James
Bought by
Hagey Sophy

Purchase Details

Closed on
May 1, 1997
Sold by
Hamaoui Elias and Hamuae Joseph
Bought by
Hamaoui James

Purchase Details

Closed on
Mar 2, 1990
Sold by
Beaulie Catherine O
Bought by
Hamaoui Elias
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
Prentice Douglas $435,000 --
Prentice Douglas $435,000 --
Sopsan Llc $250,000 --
Sopsan Llc $250,000 --
Hagey Sophy $250,000 --
Hagey Sophy $250,000 --
Hamaoui James $150,000 --
Hamaoui James $150,000 --
Hamaoui Elias $125,000 --
Hamaoui Elias $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 226 Merrimac Street Rt $630,000
Closed 226 Merrimac Street Rt $630,000
Closed Hamaoui Elias $375,000
Closed Hamaoui Elias $348,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $710,000 -11.1% $247 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $799,000 +68.2% $277 / Sq Ft
12/18/2015 12/18/15 Sold $475,000 -7.7% $165 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
11/02/2015 11/02/15 Price Changed $514,900 -1.9% $179 / Sq Ft
08/25/2015 08/25/15 For Sale $524,900 -- $182 / 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 $5,940 $620,000 $298,900 $321,100
2024 $5,560 $557,700 $284,700 $273,000
2023 $5,587 $520,200 $258,800 $261,400
2022 $6,248 $520,200 $258,800 $261,400
2021 $6,900 $545,900 $258,800 $287,100
2020 $6,923 $539,200 $258,800 $280,400
2019 $6,099 $466,300 $258,800 $207,500
2018 $5,914 $446,000 $246,500 $199,500
2017 $6,270 $466,200 $234,800 $231,400
2016 $5,193 $387,800 $223,600 $164,200
2015 $5,128 $384,400 $223,600 $160,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73124998

MLS Property Information Network (MLS PIN)

APN: NEWP-000055-000005