NOT LISTED FOR SALE

40 Oakland St Newburyport, MA 01950

Estimated Value: $712,000 - $1,596,000

7 Beds
3 Baths
2,860 Sq Ft
$333/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $949,000 $332 Per Sq Ft

Current estimated payment $5,666/month

5 Days on Market

Highlights

  • Waterfront
  • Deck
  • Wood Flooring
  • Newburyport High School Rated A-
  • Property is near public transit
  • Solid Surface Countertops

About This Home

As of October 2021

Very nicely done and spacious 3 family home in North End section of Newburyport. Convenient access to Rts 95/1, Cashman Park, Rail trail and downtown. In sellers ownership, 3 granite/stainless kitchens, 3 baths, roof, conversion to gas heat except 3rd floor electric. There are beautiful hardwood floors throughout 1st and 2nd floor units. Laundry in basement with storage for each unit. 2 car garage that is currently utilized by 1st floor tenants. Plenty of driveway parking, fenced back yard. Front porch for 1st floor and decks for units 2 and 3. Showings to begin Monday at 1pm. Schedule with Showing Time and LA will be there for all showings Only showings Tuesday during open house 11-2pm OFFERS DUE TUESDAY BY 6PM Masks required by all

Last Agent to Sell the Property

Judy Murray Magill

Realty One Group Nest Listed on: 06/26/2021

Realty One Group Nest

Last Buyer's Agent

Gail Mastrangelo

Gibson Sotheby's International Realty

Gibson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,100

Year Built

  • Built in 1929 | Remodeled

Lot Details

  • 6,534 Sq Ft Lot
  • Waterfront
  • Fenced
  • Garden

Parking

  • 2 Car Garage
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,860 Sq Ft Home
  • Ceiling Fan
  • Storage
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Stone
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

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

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating Available
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $4,950
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0059 B:0029 L:0000,2088393

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $14,215
  • Net Operating Income $45,255

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,100

Year Built

Built in 1929 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
  • Year Built: 1929
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Varies Per Unit,Hardwood,Stone / Slate,Wood Laminate, Hardwood Floors, Wall to Wall Carpet, Stone/Ceramic Tile Floor, Unit 1(undefined), Unit 2(Tile Floor,Hardwood Floors,Stone/Ceramic Tile Floor), Unit 3(Tile Floor,Wall to Wall Carpet,Stone/Ceramic Tile Floor)
  • Interior Amenities: Ceiling Fan(s), Storage, Stone/Granite/Solid Counters, Unit 1(Storage,Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 2(Ceiling Fans,Storage,Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower), Unit 3(Storage,Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Unit 1(Range,Dishwasher,Microwave,Refrigerator), Unit 2(Range,Dishwasher,Microwave,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater,Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
  • Total Bedrooms: 7
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Unfinished
  • Living Area: 2860
  • Stories Total: 6
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 296.85
  • PRICE PER Sq Ft: 331.82
  • MAIN SO: C95098

Exterior Features

  • Exterior Features: Rain Gutters, Varies per Unit, Garden
  • Fencing: Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Gas), Unit 2(Hot Water Radiators,Gas,Unit Control), Unit 3(Electric)
  • Cooling Y N: No
  • Electric: Circuit Breakers, 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, Public School, Sidewalks
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0059 B:0029 L:0000,2088393
  • Zoning: 1050
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534
  • Lot Size Units: Acres
  • LOT SIZE: 6480
  • PAGE: 454

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8100
  • Tax Book Number: 28584

Multi Family

  • Gross Income: 59400
  • Net Operating Income: 45255
  • Number Of Units Total: 3
  • Operating Expense: 14215
  • Total Actual Rent: 4950
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

MLS Schools

  • High School: Newburyport
  • Elementary School: Bresnahan
  • Middle Or Junior School: Nock

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2007
Sold by
Malone John P
Bought by
Seese Byron L and Seese Linda M
Current Estimated Value
$952,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,600
Interest Rate
6.78%

Purchase Details

Closed on
Apr 23, 2004
Sold by
Point Rt and Steeves Mary E
Bought by
Malone John and Malone John P

Purchase Details

Closed on
Sep 18, 2003
Sold by
Point Rt and Steeves Mary E
Bought by
Malone John P
Source: Public Records

Range of Values:

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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
Seese Byron L $283,000 --
Malone John $225,000 --
Malone John P $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seese Byron L $130,000
Closed Seese Byron L $70,000
Closed Seese Byron L $25,200
Closed Borin John A $238,900
Closed Borin John A $56,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $949,000 +11.8% $332 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/26/2021 06/26/21 For Sale $849,000 -- $297 / 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 $5,712 $596,200 $0 $596,200
2024 $5,571 $558,800 $0 $558,800
2023 $5,545 $516,300 $0 $516,300
2022 $5,406 $450,100 $0 $450,100
2021 $5,367 $424,600 $0 $424,600
2020 $5,343 $416,100 $0 $416,100
2019 $5,154 $394,000 $0 $394,000
2018 $3,485 $262,800 $0 $262,800
2017 $3,377 $251,100 $0 $251,100
2016 $3,175 $237,100 $0 $237,100
2015 $3,023 $226,600 $0 $226,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72856761

MLS Property Information Network (MLS PIN)

APN: NEWP-000059-000030-B000000