$1,288,888
SOLD AUG 26, 2024

265 Merrimac St Newburyport, MA 01950

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

Recently Sold

$407 Per Sq Ft

7% Below List Price

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

Keller Williams Realty Evolution Listed on: 06/19/2024

Keller Williams Realty Evolution

Last Buyer's Agent

ANN MARIE SALMON

Keller Williams Realty Evolution Listed on: 06/19/2024

Keller Williams Realty Evolution

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
  • Total Bathrooms: 4
  • Basement: Full, Unfinished
  • Living Area: 3164
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 438.97
  • PRICE PER Sq Ft: 407.36
  • MAIN SO: C95098

Exterior Features

  • Foundation Details: Concrete Perimeter, Stone
  • Frontage Length: 57
  • 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 Area: 0.15
  • Lot Size Sq Ft: 6550
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9952
  • Tax Block: 0043
  • Tax Book Number: D64212
  • Tax Map Number: 0060

Multi Family

  • Gross Income: 90600
  • 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 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 1
  • FLRS 2: 1

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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

Property History

Date Event Price Change Sq Ft Price
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

    Keller Williams Realty Evolution

    (978) 852-7481

    6 in this area

    15 Total Sales

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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

This home is located at 265 Merrimac St, Newburyport, MA 01950 and is currently priced at $1,288,888, approximately $407 per square foot. This property was built in 1850. 265 Merrimac St 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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