NOT LISTED FOR SALE

265 Merrimac St Newburyport, MA 01950

6 Beds
4 Baths
3,164 Sq Ft
6,550 Sq Ft Lot

Last Sold August 26, 2024

Last sale price $1,288,888 $407 Per Sq Ft

4 Days on Market

Highlights

  • Marina
  • Medical Services
  • Tennis Courts
  • Newburyport High School Rated A-
  • Property is near public transit
  • Jogging Path

About This Home

As of August 2024

4 units located on 2 floors UNIT.#1 3 rooms, 1 bedroom, 1 bathroom sq ft 616 UNIT#2 2 1 1 554 sq ft UNIT# 3 3 1 1 sq ft 630 UNIT #4 5 3 1 sq ft 1378 . The kitchens in units 1,2,+3 improved with vinyl flooring and laminate counter tops updated 1-2 years ago and updated within the last 15 years The kitchen in #4 has laminate flooring, stone counter tops updated 3-4 years ago.The baths have vinyl flooring and fiberglass showers.The baths have not been updated in the last 15 years.The roof was replaced about 20 years ago, front portion was replaced +/- 5 years ago.The dwelling has 4 heating systems/hot water heaters and separate electrical service. Tenants pay all utilities Except water/sewer. Exterior paint has been completed as needed. 2nd floor has exterior deck.Off Street paved parking...RENTS below average those listed here are forecasted economic market rent

Last Agent to Sell the Property

ANN MARIE SALMON

Churchill Properties Listed on: 06/19/2024

Churchill Properties

Last Buyer's Agent

ANN MARIE SALMON

Churchill Properties Listed on: 06/19/2024

Churchill Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,952

Year Built

  • Built in 1850

Lot Details

  • 6,550 Sq Ft Lot
  • Level Lot
  • Cleared Lot

Home Design

  • Stone Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,164 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $7,550
  • Assessor Parcel Number 2088485
  • Tax Block 0043

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $4,002
  • Water Sewer Expense $1,950
  • Operating Expense $5,952
  • Net Operating Income $84,648

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,952

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1850
  • Dual Variable: Yes
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: No
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full, Unfinished
  • Living Area: 3164
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: C95098
  • MAIN SO: C95098

Exterior Features

  • Foundation Details: Concrete Perimeter, Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront Features: Beach Front, River
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 4

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1950

Lot Info

  • Parcel Number: 2088485
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared, Level
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6550
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9952
  • Tax Block: 0043

Multi Family

  • Insurance Expense: 4002
  • Net Operating Income: 84648
  • Number Of Units Total: 4
  • Operating Expense: 5952
  • Total Actual Rent: 7550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2024 08/26/24 Sold $1,288,888 -7.2% $407 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/22/2024 06/22/24 For Sale $1,388,888 -- $439 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • ANN MARIE SALMON

    Seller's Agent in 2024

    ANN MARIE SALMON

    Churchill Properties

    (978) 852-7481

    6 in this area

    12 Total Sales

    ANN MARIE SALMON
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73256217

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Newburyport 01950

265 Merrimac St, Newburyport, MA

Not Listed for Sale

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