NOT LISTED FOR SALE

39 Summit Place Newburyport, MA 01950

Estimated Value: $2,210,000 - $3,561,170

5 Beds
5 Baths
4,458 Sq Ft
$677/Sq Ft Est. Value

Last Sold June 14, 2018

Last sale price $899,900 $202 Per Sq Ft

Est. 235% increase in value since last sale

Current estimated payment $18,672/month

154 Days on Market

About This Home

As of June 2018

Exceptional 2 Family OR Single Family with an In-Law! This Extraordinary & Unique Opportunity to own 3/4 acres of Land in Walking Distance from two of our schools, as well as, Newburyport's beloved Downtown Shopping Area! Consolidate the elements of a Real Estate Investment with Exceptional Home Living and Working spaces. Beautifully Improved and Maintained, this property consists of over 4,400 of Living Space which includes a finished basement. A stand alone 2-Story Studio with an additional 1,277 sf ft. for your hobbies or in-Home Office. Have fabulous family cookouts and parties by the 20x40 In-ground Pool and Patio Area which includes a Hot Tub! This Fabulous Back Yard is perfect for Baseball,Volleyball Games and a kids outdoor Hockey Rink! The Studio Loft was built in 1989 with another renovation in 1997. Unit #2 is an addition which was built in 1989. During the time period of Unit #2 being built, the Owners Invested Renovating Unit #1 with all new plumbing and electrical

Last Agent to Sell the Property

Kathleen Droste

Keller Williams Realty Evolution Listed on: 11/27/2017

Keller Williams Realty Evolution

Last Buyer's Agent

Bryan Mahoney

Century 21 Mclennan & Company

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,080

Year Built

1955

Lot Details

0

Listing Details

  • Lot Description: Wooded, Paved Drive, Easements, Scenic View(s)
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Sub-Agency Relationship Offered: Yes
  • Lead Paint: Unknown
  • Year Round: Yes
  • Year Built Description: Approximate, Renovated Since
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Has Basement: Yes
  • Fireplaces: 3
  • Number of Rooms: 12
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access
  • Electric: Circuit Breakers
  • Energy: Prog. Thermostat
  • Flooring: Tile, Wall to Wall Carpet
  • Basement: Full, Finished, Walk Out, Garage Access, Concrete Floor
  • Full Bathrooms: 5
  • Total Levels: 4
  • Main Lo: C80011
  • Main So: C95236
  • Estimated Sq Ft: 4458.00

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard
  • Exterior Features: Porch, Porch - Screened, Deck, Patio, Pool - Inground, Hot Tub/Spa, Storage Shed, Professional Landscaping, Decorative Lighting, Screens, Fenced Yard, Garden Area
  • Foundation: Poured Concrete
  • Beach: Ocean, River

Garage/Parking

  • Garage Spaces: 2
  • Parking: Off-Street, Assigned, Paved Driveway
  • Parking Spaces: 8

Utilities

  • Hot Water: Oil
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: Bresnahan
  • Middle School: Ra Nock
  • High School: Newburyport

Lot Info

  • Zoning: R2
  • Acre: 0.76
  • Lot Size: 33068.00

Multi Family

  • APOD Available: Yes
  • Total Bedrooms: 5
  • Total Fireplaces: 3
  • Total Floors: 3
  • Total Full Baths: 5
  • Total Levels: 2
  • Total Rms: 11
  • Total Rent_1: 5500
  • Multi Family Type: 2 Family - 2 Units Up/Down

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 6, 2020
Sold by
Jones Kerry M
Bought by
Kerry Marie Jones Ret
Current Estimated Value
$3,017,723

Purchase Details

Listed on
Nov 27, 2017
Closed on
Jun 14, 2018
Sold by
39 Summit Place Rt
Bought by
Jones Michael H and Jones Kerry M
Seller's Agent
Kathleen Droste
Keller Williams Realty Evolution
Buyer's Agent
Bryan Mahoney
Century 21 Mclennan & Company
List Price
$1,195,000
Sold Price
$899,900
Premium/Discount to List
-$295,100
-24.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.00%
Original Mortgage
$719,900
Interest Rate
4%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 25, 1997
Sold by
Schrempf Albert A and Schrempf Esther L
Bought by
39 Summit Place Rt
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
Kerry Marie Jones Ret -- None Available
Jones Michael H $899,900 --
39 Summit Place Rt $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Michael H $719,900
Previous Owner 39 Summit Place Rt $85,000
Previous Owner 39 Summit Place Rt $50,000
Previous Owner 39 Summit Place Rt $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2018 06/14/18 Sold $899,900 0.0% $202 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
04/19/2018 04/19/18 Price Changed $899,900 -9.6% $202 / Sq Ft
01/29/2018 01/29/18 Price Changed $995,000 -16.7% $223 / Sq Ft
11/27/2017 11/27/17 For Sale $1,195,000 -- $268 / 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 $32,080 $3,348,600 $482,700 $2,865,900
2024 $30,464 $3,055,600 $439,200 $2,616,400
2023 $33,230 $3,094,000 $382,100 $2,711,900
2022 $32,446 $2,701,600 $319,000 $2,382,600
2021 $32,243 $2,550,900 $290,500 $2,260,400
2020 $21,734 $1,692,700 $290,500 $1,402,200
2019 $11,891 $909,100 $290,500 $618,600
2018 $11,752 $886,300 $277,000 $609,300
2017 $10,729 $797,700 $263,900 $533,800
2016 $10,326 $771,200 $240,500 $530,700
2015 $9,631 $722,000 $240,500 $481,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72258565

MLS Property Information Network (MLS PIN)

APN: NEWP-000038-000060