NOT LISTED FOR SALE

Estimated Value: $739,000 - $990,000

6 Beds
2 Baths
2,127 Sq Ft
$405/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $699,900 $329 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,157/month

6 Days on Market

About This Home

As of October 2021

This is the opportunity you have been waiting for! This well-maintained legal 2 family is located on desirable Olive Street- close to everything Newburyport has to offer. 1st Floor unit has 2 bedrooms and spacious living area. The 2nd floor unit has a separate entrance with 4 bedrooms, updated kitchen and bright sunny living room. The back yard has been meticulously maintained with beautiful plantings and gardens. Newer roof, updated exterior siding and all new electric wiring. Separate utilities make this a convenient owner occupant with rental income or rental investment property. .

Last Agent to Sell the Property

Cornerstone Realty Group

William Raveis Chatham Listed on: 09/06/2021

William Raveis Chatham

Last Buyer's Agent

Jennifer Crowe

Atlantic Coast Homes,Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,086

Year Built

  • 1850

Lot Details

  • 2,614

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,086

Year Built

1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: High and Olive
  • Garage Yn: No
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1850

Interior Features

  • Appliances: Leased Heater
  • Total Bathrooms: 2
  • MAIN LO: AN4850
  • LIST PRICE PER Sq Ft: 329.06
  • PRICE PER Sq Ft: 329.06
  • MAIN SO: AC1991
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace: Yes
  • Fireplaces: 1
  • Stories: 3

Exterior Features

  • Foundation Details: Stone
  • Disclosures: 1st Floor Tenant Has A Lease Through April 2022. 2nd Floor Unit Is Vacant. Net Income Does Not Include Operating Expenses.
  • Fencing: Fenced/Enclosed
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • LOT SIZE: 2432
  • PAGE: 589
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 2613.6
  • Zoning: R

Multi Family

  • LEVELS 1: 1
  • LEVELS 2: 2
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2
  • Annual Gross Income: 50100
  • Property Net Operating Income: 50100
  • Number Of Units Total: 2
  • Total Actual Rent: 4175

Tax Info

  • Tax Annual Amount: 6427
  • Tax Book Number: 15052
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Oct 29, 2021
Sold by
Bridgwood Terry
Bought by
Trecartin Kelcey
Seller's Agent
Cornerstone Realty Group
William Raveis Chatham
Buyer's Agent
Jennifer Crowe
Atlantic Coast Homes,Inc
List Price
$699,900
Sold Price
$699,900
Total Days on Market
6
Current Estimated Value
$860,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,513
Avg. Annual Appreciation
5.85%
Original Mortgage
$687,222
Outstanding Balance
$633,442
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$226,971

Purchase Details

Closed on
Aug 28, 1998
Sold by
Marcellos George D and Battis John
Bought by
Malatesta Terry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
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
Trecartin Kelcey $699,900 None Available
Malatesta Terry A $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trecartin Kelcey $687,222
Previous Owner Malatesta Terry A $12,000
Previous Owner Malatesta Terry A $205,000
Previous Owner Malatesta Terry A $25,000
Previous Owner Malatesta Terry A $137,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $699,900 0.0% $329 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/06/2021 09/06/21 For Sale $699,900 -- $329 / 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 $7,086 $739,700 $331,100 $408,600
2024 $6,821 $684,200 $301,000 $383,200
2023 $6,738 $627,400 $261,700 $365,700
2022 $6,697 $557,600 $218,100 $339,500
2021 $6,427 $508,500 $198,300 $310,200
2020 $6,279 $489,000 $198,300 $290,700
2019 $5,758 $440,200 $198,300 $241,900
2018 $5,659 $426,800 $188,800 $238,000
2017 $5,173 $384,600 $179,800 $204,800
2016 $5,082 $379,500 $171,300 $208,200
2015 $4,741 $355,400 $171,300 $184,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72890213

MLS Property Information Network (MLS PIN)

APN: NEWP-000051-000023