NOT LISTED FOR SALE

48 School St Merrimac, MA 01860

Estimated Value: $620,000 - $695,898

4 Beds
2.5 Baths
2,339 Sq Ft
$277/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $494,500 $211 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,182/month

35 Days on Market

Highlights

  • Granite Flooring
  • 1 Fireplace
  • Level Lot
  • Deck
  • Enclosed Patio or Porch
  • Heating Available

About This Home

As of August 2021

Investors 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.

Last Agent to Sell the Property

Kerry Cheever

Cheever Associates Listed on: 06/09/2021

Last Buyer's Agent

Tracy Salvi

Keller Williams Realty Evolution

Keller Williams Realty Evolution

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,284

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1850
  • Buyer Agency: 2.0
  • Buyer Agency Type: %
  • Transaction Broker: 2.0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood,Tile,Vinyl,Carpet, Unit 1(undefined), Unit 2(Wood Flooring)
  • Interior Amenities: Unit 2(Storage), Unit 1 Rooms(Living Room,Kitchen,Office/Den,Sunroom,Other (See Remarks)), Unit 2 Rooms(Living Room,Kitchen,Other (See Remarks))
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Unit 1(Range,Dishwasher,Refrigerator), Unit 2(Range,Dishwasher,Microwave,Refrigerator), Electric Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Laundry Features: Washer Hookup
  • Basement: Full
  • Living Area: 2339
  • Stories Total: 3
  • MAIN LO: NB1265
  • LIST PRICE PER Sq Ft: 211.42
  • PRICE PER Sq Ft: 211.42
  • MAIN SO: C95098

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block, Brick/Mortar, Granite
  • Patio And Porch Features: Enclosed, Deck
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas)
  • Cooling Y N: No
  • Electric: 200+ Amp Service, Common
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water), Unit 2(Water)

Lot Info

  • Parcel Number: 2032657
  • Zoning: VR
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.35
  • Lot Size Area: 0.35
  • Lot Size Sq Ft: 15245.999999
  • Lot Size Units: Acres
  • LOT SIZE: 15225
  • PAGE: 397

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7284
  • Tax Book Number: 36823

Multi Family

  • Gross Income: 37200
  • Net Operating Income: 37200
  • Number Of Units Total: 2
  • Total Actual Rent: 3100
  • LEVELS 1: 1
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2018
Sold by
Comunale Barbra L and Comunale Mark E
Bought by
Mark and Mark Barbara Comunale
Current Estimated Value
$648,975

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
Source: Public Records

Range of Values:

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Average Value
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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
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 Change Sq Ft Price
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

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 $7,841 $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

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72846945

MLS Property Information Network (MLS PIN)

APN: MERR-000013-000001-000012