NOT LISTED FOR SALE

490 Merrimac St Newburyport, MA 01950

Estimated Value: $1,949,246 - $2,130,000

4 Beds
3.5 Baths
3,700 Sq Ft
$556/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $1,680,000 $454 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $12,140/month

70 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • 1 Fireplace
  • Newburyport High School Rated A-
  • Wood Flooring
  • 3-minute walk to Newburyport Pioneer Park

About This Home

As of June 2023

Pristine new construction home in Newburyport has been thoughtfully built with no detail overlooked. The main floor features a modern, bright open floor plan, tiled mud room, gorgeous chef's kitchen with Viking appliances, beautiful cabinetry and tiling, quartz countertops and enormous island perfect for family gatherings. Warm, inviting living room with shiplap accent wall and custom built-ins surrounding a gas fireplace. First floor guest suite or home office. Second floor features impressive master suite and 2 very generously sized bedrooms, luxurious bathrooms throughout featuring Brizo fixtures. The spacious finished basement provides additional sq ft of living space to the home.The outdoor and fully fenced back yard is an entertainer's dream with privacy deck, patio, leveled grass yard and irrigation. Forced hot air, central air, tankless water heater, paver driveway are just some of the many reasons that you will fall in love with this house!

Last Agent to Sell the Property

Marc Ouellet

Lamacchia Realty, Inc. Listed on: 02/20/2023

Last Buyer's Agent

Marc Ouellet

Lamacchia Realty, Inc. Listed on: 02/20/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,232

Year Built

  • Built in 2022

Lot Details

  • 0.25

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Colonial Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,700 Sq Ft Home
  • 1 Fireplace
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Deck
  • 0.25 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number M:0069 B:0004 L:0000,2088978

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,232

Year Built

Built in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 2022
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: 4098

Interior Features

  • Flooring: Wood
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Gas Water Heater
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Master Bathroom Features: Yes
  • Basement: Full, Partially Finished
  • Living Area: 3700
  • Spa YN: No
  • MAIN LO: C95006
  • MAIN SO: C95006

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Association YN: No
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0069 B:0004 L:0000,2088978
  • Zoning: RES
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 11075
  • Lot Size Units: Acres
  • Property Attached YN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6232

Multi Family

  • Basement Included Sq Ft: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2023
Closed on
Jun 20, 2023
Sold by
490 Merrimac Newburyport and 490 Weiner
Bought by
Lanphear Alyssa and Lanphear David
Seller's Agent
Marc Ouellet
Lamacchia Realty, Inc.
Buyer's Agent
Marc Ouellet
Lamacchia Realty, Inc.
List Price
$1,800,000
Sold Price
$1,680,000
Premium/Discount to List
-$120,000
-6.67%
Views
319
Current Estimated Value
$2,056,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,562
Avg. Annual Appreciation
8.64%
Original Mortgage
$1,205,000
Outstanding Balance
$1,168,260
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$888,302

Purchase Details

Listed on
Aug 7, 2022
Closed on
Aug 24, 2022
Sold by
490 Merrimac Street Llc
Bought by
490 Merrimac Newburyport and 490 Weiner
Seller's Agent
Alex Rice
North Shore Realty Advisors
Buyer's Agent
Marc Ouellet
Lamacchia Realty, Inc.
List Price
$724,900
Sold Price
$715,000
Premium/Discount to List
-$9,900
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
183.43%
Original Mortgage
$1,500,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 9, 2021
Closed on
May 21, 2021
Sold by
Merrimac 490 Rt and Metcalf
Bought by
490 Merrimac Street Llc
Seller's Agent
Robert Bentley
RE/MAX Bentley's
Buyer's Agent
Jillian Gilmartin
Realty One Group Nest
List Price
$459,900
Sold Price
$420,000
Premium/Discount to List
-$39,900
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.54%
Original Mortgage
$742,731
Interest Rate
3.1%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 20, 2020
Closed on
Jul 1, 2020
Sold by
Sullivan Joan F Est and Sullivan
Bought by
Merrimac 490 Rt and Metcalf
Seller's Agent
Elizabeth Smith
Keller Williams Realty Evolution
Buyer's Agent
Elizabeth Smith
Keller Williams Realty Evolution
List Price
$330,000
Sold Price
$330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.81%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lanphear Alyssa $1,680,000 None Available
490 Merrimac Newburyport $715,000 None Available
490 Merrimac Street Llc $420,000 None Available
Merrimac 490 Rt $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanphear Alyssa $1,205,000
Previous Owner 490 Merrimac Newburyport $1,500,000
Previous Owner 490 Merrimac Street Llc $742,731
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2023 06/20/23 Sold $1,680,000 -1.1% $454 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
04/24/2023 04/24/23 Price Changed $1,699,000 -5.6% $459 / Sq Ft
02/20/2023 02/20/23 For Sale $1,800,000 +151.7% $486 / Sq Ft
08/25/2022 08/25/22 Sold $715,000 -1.4% $195 / Sq Ft View Prior Sale
08/10/2022 08/10/22 Pending -- -- --
08/07/2022 08/07/22 For Sale $724,900 +72.6% $197 / Sq Ft
05/21/2021 05/21/21 Sold $420,000 -8.7% $423 / Sq Ft View Prior Sale
01/29/2021 01/29/21 Pending -- -- --
01/09/2021 01/09/21 For Sale $459,900 +39.4% $463 / Sq Ft
07/15/2020 07/15/20 Sold $330,000 0.0% $332 / Sq Ft View Prior Sale
06/20/2020 06/20/20 Pending -- -- --
06/20/2020 06/20/20 For Sale $330,000 -- $332 / 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 $15,728 $1,641,800 $399,700 $1,242,100
2024 $16,926 $1,697,700 $363,300 $1,334,400
2023 $6,232 $580,300 $315,900 $264,400
2022 $4,391 $365,600 $263,200 $102,400
2021 $4,256 $336,700 $239,300 $97,400
2020 $4,748 $369,800 $239,300 $130,500
2019 $4,711 $360,200 $239,300 $120,900
2018 $4,552 $343,300 $228,000 $115,300
2017 $4,425 $329,000 $217,100 $111,900
2016 $4,267 $318,700 $206,800 $111,900
2015 $4,131 $309,700 $206,800 $102,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73080357

MLS Property Information Network (MLS PIN)

APN: NEWP-000069-000004