Seller's Agent in 2021
Kerry Cheever
Cheever Associates
(978) 590-6421
1 in this area
29 Total Sales
48 School St Merrimac, MA 01860
Estimated Value: $630,000 - $721,000
4
Beds
2.5
Baths
2,339
Sq Ft
$291/Sq Ft
Est. Value
Highlights
- Granite Flooring
- 1 Fireplace
- Level Lot
- Deck
- Enclosed Patio or Porch
- Heating Available
About This Home
As of August 2021Investors take Notice... Beautiful Two Family UPDATED located in the heart of Merrimac! First floor boasts 3 Season Sun porch, Eat in Kitchen - Living room with Decorative Fire Place -Hardwood floors- Two bedrooms, plus Third bed or Office Space you decide! Full Bath & 1/2 bath - Storage in basement- Deck. Second floor has UPDATED- Kitchen - Dining Area - Sunny Living Room - Spacious Bedroom and Full Bath. Space for an Office as well. Additional storage in Attic- Small Deck Area. Some Newer windows throughout. Full Basement - Parking for 4 cars. Great private outdoor space - large yard to relax and enjoy! Nice Deck on first level. Home Owners and Investors great multi or condo prospect!!! Come and take a look.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,284
Year Built
- Built in 1850
Lot Details
- 0.35 Acre Lot
- Level Lot
Home Design
- Brick Foundation
- Block Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 2,339 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
- Basement Fills Entire Space Under The House
- Washer and Electric Dryer Hookup
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Granite
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Deck
- Enclosed Patio or Porch
Utilities
- No Cooling
- 2 Heating Zones
- Heating Available
- 200+ Amp Service
- Natural Gas Connected
- Electric Water Heater
Community Details
- 2 Units
- Net Operating Income $37,200
Listing and Financial Details
- Total Actual Rent $3,100
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 2032657
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2021
Closed on
Aug 23, 2021
Sold by
Barbra Comunale Ft and Comunale
Bought by
Comeau Shannon M
Seller's Agent
Kerry Cheever
Cheever Associates
Buyer's Agent
Tracy Salvi
Keller Williams Realty Evolution
List Price
$529,000
Sold Price
$494,500
Premium/Discount to List
-$34,500
-6.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,771
Avg. Annual Appreciation
7.49%
Original Mortgage
$477,996
Outstanding Balance
$431,822
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$248,693
Purchase Details
Closed on
Jun 28, 2018
Sold by
Comunale Barbra L and Comunale Mark E
Bought by
Mark and Mark Barbara Comunale
Purchase Details
Closed on
Dec 31, 2010
Sold by
Erickson Lois D
Bought by
Comunale Mark E and Comunale Barbra L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 30, 2004
Sold by
Freeman Susan E
Bought by
Erickson Lois D
Purchase Details
Closed on
Nov 26, 1996
Sold by
Ouellet Susan M and Kirchgessner Susan M
Bought by
Freeman Susan E
Purchase Details
Closed on
Jul 3, 1987
Sold by
Okeefe Larry M
Bought by
Kirchgessner Susan
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Comeau Shannon M | $494,500 | None Available | |
| Comeau Shannon M | $494,500 | None Available | |
| Mark | -- | -- | |
| Mark | -- | -- | |
| Mark | -- | -- | |
| Comunale Mark E | $400,000 | -- | |
| Comunale Mark E | $400,000 | -- | |
| Erickson Lois D | $320,000 | -- | |
| Erickson Lois D | $320,000 | -- | |
| Freeman Susan E | $130,000 | -- | |
| Freeman Susan E | $130,000 | -- | |
| Kirchgessner Susan | $145,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Comeau Shannon M | $477,996 | |
| Closed | Comeau Shannon M | $477,996 | |
| Previous Owner | Kirchgessner Susan | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/23/2021 08/23/21 | Sold | $494,500 | 0.0% | $211 / Sq Ft |
| 07/14/2021 07/14/21 | Pending | -- | -- | -- |
| 07/09/2021 07/09/21 | Price Changed | $494,500 | -6.5% | $211 / Sq Ft |
| 06/09/2021 06/09/21 | For Sale | $529,000 | -- | $226 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $7,841 | $591,800 | $295,000 | $296,800 |
| 2024 | $7,079 | $524,400 | $278,600 | $245,800 |
| 2023 | $7,392 | $500,500 | $236,000 | $264,500 |
| 2022 | $7,446 | $455,700 | $190,100 | $265,600 |
| 2021 | $7,284 | $446,900 | $173,700 | $273,200 |
| 2020 | $6,650 | $446,900 | $173,700 | $273,200 |
| 2019 | $6,409 | $405,400 | $150,800 | $254,600 |
| 2018 | $6,312 | $400,500 | $140,900 | $259,600 |
| 2017 | $6,170 | $377,600 | $118,000 | $259,600 |
| 2016 | $6,102 | $377,600 | $118,000 | $259,600 |
| 2015 | $5,847 | $359,800 | $118,000 | $241,800 |
| 2014 | $5,596 | $352,200 | $118,000 | $234,200 |
Source: Public Records
Agents Affiliated with this Home
-
Kerry Cheever
-
Tracy Salvi
Buyer's Agent in 2021
Tracy Salvi
Keller Williams Realty Evolution
(617) 699-1659
1 in this area
109 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72846945
APN: MERR-000013-000001-000012
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