NOT LISTED FOR SALE

5 Olive St Newburyport, MA 01950

Estimated Value: $1,080,000 - $1,248,000

4 Beds
2 Baths
2,524 Sq Ft
$453/Sq Ft Est. Value

Last Sold August 31, 2015

Last sale price $553,500 $219 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,916/month

74 Days on Market

About This Home

As of August 2015

Rare North End 2-family just a quick walk to the fabulous downtown, shops and waterfront of desirable Newburyport. 2nd floor unit was completely renovated in 2012 and features high cathedral ceilings in kitchen and bedroom. Nice hardwood floor and large living room with wood burning fire place make for a comfortable living space. Updated electrical and laundry in unit. 1st floor has large kitchen and living room with gorgeous wide pine floor and fireplace. New windows throughout and fresh exterior paint. Off street tandem parking for 2 cars as well as small yard space perfect for outdoor grilling and enjoyment. Perfect opportunity to have rental unit pay for part of mortgage. Make an appointment today. Showings to begin at open house 5/23/15 from 1:30-3:00

Last Agent to Sell the Property

The Forzese Group

RE/MAX On The River, Inc. Listed on: 05/19/2015

Last Buyer's Agent

The Forzese Group

RE/MAX On The River, Inc. Listed on: 05/19/2015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,764

Year Built

1850

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Fenced/Enclosed
  • Other Agent: 2.50
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1850

Interior Features

  • Fireplaces: 2
  • Has Basement: Yes
  • Fireplaces: 2
  • Number of Rooms: 8
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Wall to Wall Carpet, Laminate, Hardwood
  • Basement: Full

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Clapboard
  • Exterior Features: Gutters
  • Foundation: Concrete Block, Fieldstone

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 2

Utilities

  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2023
Sold by
Simpson Davis and Lachapelle Maria
Bought by
Davis Simpson Rt and Simpson
Current Estimated Value
$1,144,256

Purchase Details

Closed on
Feb 28, 2006
Sold by
Guillou Colleen M and Guillou Thomas J
Bought by
Thompson Paul F and Thompson Jacqueline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,400
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2001
Sold by
Olive 5 Rt and Lewis
Bought by
Guillou Thomas J and Guillou Colleen M

Purchase Details

Closed on
Dec 30, 1988
Sold by
Lewis George W
Bought by
Lewis George W
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
Davis Simpson Rt -- None Available
Thompson Paul F $463,000 --
Guillou Thomas J $267,500 --
Lewis George W $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simpson Davis $442,800
Previous Owner Thompson Paul F $315,000
Previous Owner Lewis George W $339,100
Previous Owner Lewis George W $370,400
Previous Owner Lewis George W $46,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2015 08/31/15 Sold $553,500 -2.0% $219 / Sq Ft
08/01/2015 08/01/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $565,000 -- $224 / 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 $8,764 $914,800 $340,200 $574,600
2024 $8,460 $848,500 $309,300 $539,200
2023 $8,416 $783,600 $268,900 $514,700
2022 $8,448 $703,400 $224,100 $479,300
2021 $8,095 $640,400 $202,400 $438,000
2020 $7,050 $549,100 $202,400 $346,700
2019 $6,456 $493,600 $202,400 $291,200
2018 $6,105 $460,400 $192,800 $267,600
2017 $6,132 $455,900 $183,600 $272,300
2016 $5,744 $429,000 $174,900 $254,100
2015 $5,333 $399,800 $174,900 $224,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71839704

MLS Property Information Network (MLS PIN)

APN: NEWP-000050-000045