NOT LISTED FOR SALE

234 Merrimac St Newburyport, MA 01950

Estimated Value: $1,032,000 - $1,461,000

6 Beds
2 Baths
2,400 Sq Ft
$520/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $575,000 $240 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $7,610/month

21 Days on Market

Highlights

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

About This Home

As of November 2018

Just shy of half acre lot with spectacular river views. Once a legal two family, presently a single family with excellent chance of taking it back to a multi. The house is most likely a tear down. Adjacent to multi million dollar units at Newburyport Landing and a short walk to town and rail trail. These remaining lots are few and far between and an amazing opportunity

Last Agent to Sell the Property

Pat Iris

Realty One Group Nest Listed on: 09/10/2018

Realty One Group Nest

Last Buyer's Agent

Kevin Lawless

Stone Ridge Properties, Inc. License #452000019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,508

Year Built

  • Built in 1900

Lot Details

  • 0.37

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil

Additional Features

  • River Views
  • Wood Flooring
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:0055 B:0007 L:0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,508

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Gambrel /Dutch
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 291.63
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Flooring: Wood
  • No Bedrooms: 6
  • Master Bedroom: On Level: Second Floor
  • Bedroom 2: On Level: Second Floor
  • Bedroom 3: On Level: Second Floor
  • Bedroom 4: On Level: Second Floor
  • Full Bathrooms: 2
  • Bathroom 1: On Level: First Floor
  • Bathroom 2: On Level: Second Floor
  • No Rooms: 10
  • Dining Room: On Level: First Floor
  • Family Room: On Level: First Floor
  • Kitchen: On Level: First Floor
  • Living Room: On Level: First Floor
  • Basement: Y
  • Basement Features: Full
  • Main Lo: C95039
  • Main So: C95006
  • Estimated Sq Ft: 2400.00

Exterior Features

  • Beachfront Flag: Yes
  • Waterview Features: River
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Wood
  • Foundation: Fieldstone
  • Insulation Feature: Partial

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 100 Amps
  • Cooling: Window AC
  • Heating: Forced Air, Oil

Condo/Co-op/Association

  • Amenities: Tennis Court, Park

Lot Info

  • Assessments: 711300.00
  • Acre: 0.37
  • Lot Size: 16272.00
  • Page: 595
  • Parcel Number: M:0055 B:0007 L:0000
  • Zoning: R
  • Lot Description: Scenic View(s)

Tax Info

  • Taxes: 9432.00
  • Assessor Parcel Number: 2088242

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2018
Closed on
Nov 29, 2018
Sold by
Mckinnon Marie D and Mckinnon Ronald
Bought by
Costello Michael A
Seller's Agent
Pat Iris
Realty One Group Nest
Buyer's Agent
Kevin Lawless
Stone Ridge Properties, Inc.
List Price
$699,900
Sold Price
$575,000
Premium/Discount to List
-$124,900
-17.85%
Current Estimated Value
$1,251,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$676,290
Avg. Annual Appreciation
12.25%
Original Mortgage
$460,000
Outstanding Balance
$409,185
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$839,061

Purchase Details

Closed on
Mar 9, 2010
Sold by
Mckinnon Marie D
Bought by
Mckinnon Ronald and Mckinnon Marie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 1996
Sold by
Mckinnon Ronald J and Mckinnon Genevieve
Bought by
Mckinnon Marie D

Purchase Details

Closed on
Jun 30, 1989
Sold by
Kimball Wm H
Bought by
Mckinnon Ronald
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
Costello Michael A $575,000 --
Mckinnon Ronald -- --
Mckinnon Marie D $157,900 --
Mckinnon Ronald $168,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costello Michael A $460,000
Previous Owner Mckinnon Ronald $168,000
Previous Owner Mckinnon Ronald $171,500
Previous Owner Mckinnon Ronald $180,490
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $575,000 -17.8% $240 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $699,900 -- $292 / 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 $9,508 $992,500 $756,400 $236,100
2024 $9,001 $902,800 $687,500 $215,300
2023 $8,734 $813,200 $597,900 $215,300
2022 $7,383 $614,700 $498,200 $116,500
2021 $7,071 $559,400 $453,000 $106,400
2020 $7,120 $554,500 $453,000 $101,500
2019 $9,760 $746,200 $440,700 $305,500
2018 $9,432 $711,300 $419,800 $291,500
2017 $9,181 $682,600 $399,900 $282,700
2016 $8,884 $663,500 $380,800 $282,700
2015 $7,984 $598,500 $338,500 $260,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72392755

MLS Property Information Network (MLS PIN)

APN: NEWP-000055-000007