NOT LISTED FOR SALE

516 Merrimac St Unit 516 Newburyport, MA 01950

Estimated Value: $991,000 - $1,169,000

5 Beds
3 Baths
2,124 Sq Ft
$494/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $760,000 $358 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,467/month

7 Days on Market

Highlights

  • River View
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Newburyport High School Rated A-
  • French Doors

About This Home

As of May 2021

This meticulously maintained 5 bedroom, 2.5bath townhome is situated on a .42 acre lot in Newburyport! The first floor features an intimate living and dining room with pristine hardwood flooring throughout. A slick and modern kitchen with stainless steel appliances, stunning backsplash, granite counters and a gas range. A dramatic sunken family room with stunning views of the Merrimack River features a cathedral ceiling, a cozy fireplace, French sliders that lead to a large deck and fenced in yard perfect for entertaining. Venturing to the second level, you are greeted by three bedrooms and a full bathroom before accessing the third level that is home to a beautiful master suite. Gorgeous views of the river off the master bedroom balcony and master bath. The home is loaded with natural sunlight. Close proximity to major amenities, commuting routes and walk to Moseley Woods. Bring your check book!! This won't last!!

Last Agent to Sell the Property

Gretchen Maguire

Realty One Group Nest Listed on: 02/24/2021

Realty One Group Nest

Last Buyer's Agent

Deb Forte

Century 21 North East

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,066

Year Built

  • Built in 1900

Lot Details

  • Year Round Access

Interior Spaces

  • French Doors
  • River Views
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,066

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Townhouse
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 343.64
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Year Round: Yes
  • Unit Building: 516
  • Unit Level: 1
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1900

Interior Features

  • Fireplaces: 1
  • Flooring: Wood, Tile
  • Interior Amenities: Cable Available, French Doors
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • No Bedrooms: 5
  • Master Bedroom: On Level: Third Floor, Bathroom - Double Vanity/Sink, Closet - Walk-in, Flooring - Hardwood, Balcony - Exterior, Slider
  • Bedroom 2: On Level: Second Floor, Flooring - Hardwood
  • Bedroom 3: On Level: Second Floor, Flooring - Hardwood
  • Bedroom 4: On Level: Second Floor, Flooring - Hardwood
  • Bedroom 5: On Level: Third Floor, Flooring - Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Primary Bathroom: Yes
  • Bathroom 1: On Level: First Floor, Bathroom - Half
  • Bathroom 2: On Level: Second Floor, Bathroom - Full
  • Bathroom 3: On Level: Third Floor, Bathroom - Full, Flooring - Stone/Ceramic Tile, Window(s) - Picture
  • No Rooms: 9
  • Dining Room: On Level: First Floor, Flooring - Hardwood
  • Family Room: On Level: First Floor, Fireplace, Ceiling - Cathedral, Ceiling Fan(s), Flooring - Hardwood, Balcony / Deck, Open Floor Plan, Recessed Lighting, Slider, Sunken
  • Kitchen: On Level: First Floor, Flooring - Hardwood, Countertops - Stone/Granite/Solid
  • Laundry Features: In Unit
  • Living Room: On Level: First Floor, Flooring - Hardwood
  • Basement: Y
  • No Living Levels: 3
  • Main Lo: AN6420
  • Main So: AN4339
  • Estimated Sq Ft: 2124.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Waterview Features: Public, River
  • Waterview Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Clapboard
  • Exterior Unit Features: Deck, Storage Shed, Fenced Yard

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Cooling: Central Air, Ductless Mini-Split System
  • Cooling Zones: 2
  • Heating: Forced Air, Gas, Ductless Mini-Split System
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Management: No Management

Lot Info

  • Assessments: 551900.00
  • Acre: 0.42
  • Lot Size: 18478.00
  • Page: 346
  • Zoning: RES

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Taxes: 6976.00
  • Assessor Parcel Number: 2089313
  • Tax Year: 2021

Multi Family

  • No Units: 2
  • No Units Owner Occ: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2021
Closed on
May 26, 2021
Sold by
Lynch Matthew and Lynch Shelly L
Bought by
Schwartz Danielle N
Seller's Agent
Gretchen Maguire
Realty One Group Nest
Buyer's Agent
Deb Forte
Century 21 North East
List Price
$729,900
Sold Price
$760,000
Premium/Discount to List
$30,100
4.12%
Current Estimated Value
$1,058,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,438
Avg. Annual Appreciation
7.94%
Original Mortgage
$320,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 15, 2020
Closed on
Jul 27, 2020
Sold by
Madden Meghan M
Bought by
Lynch Matthew and Lynch Shelly L
Seller's Agent
Christopher Madden
Engel & Volkers By the Sea
Buyer's Agent
Timothy Deihl
Gibson Sotheby's International Realty
List Price
$650,000
Sold Price
$672,000
Premium/Discount to List
$22,000
3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.19%
Original Mortgage
$537,600
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2016
Closed on
Feb 14, 2017
Sold by
Goodwin Stephen and Goodwin Candise
Bought by
Madden Meghan M
Seller's Agent
Jon Growitz
Realty One Group Nest
Buyer's Agent
Kate Duggan
Bostonia Properties
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%
Original Mortgage
$559,675
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2013
Sold by
Shepherd Pamela A
Bought by
Goodwin Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 1994
Sold by
Kepschull Patricia A and Augeri Anthony S
Bought by
Shepherd Pamela A
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
Schwartz Danielle N $760,000 None Available
Lynch Matthew $672,000 None Available
Madden Meghan M $570,000 --
Goodwin Stephen $200,000 --
Shepherd Pamela A $133,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Danielle N $324,600
Closed Schwartz Danielle N $320,000
Previous Owner Lynch Matthew $537,600
Previous Owner Madden Meghan M $559,675
Previous Owner Goodwin Stephen $390,000
Previous Owner Goodwin Stephen $330,000
Previous Owner Goodwin Stephen $204,250
Previous Owner Kepschull Patricia A $291,075
Previous Owner Kepschull Patricia A $47,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2021 05/26/21 Sold $760,000 +4.1% $358 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $729,900 +8.6% $344 / Sq Ft
07/30/2020 07/30/20 Sold $672,000 +3.4% $316 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $650,000 +14.0% $306 / Sq Ft
02/14/2017 02/14/17 Sold $570,000 0.0% $268 / Sq Ft
12/22/2016 12/22/16 Pending -- -- --
12/07/2016 12/07/16 Price Changed $569,900 -4.9% $268 / Sq Ft
12/04/2016 12/04/16 For Sale $599,000 +5.1% $282 / Sq Ft
11/30/2016 11/30/16 Off Market $570,000 -- --
10/04/2016 10/04/16 Price Changed $599,000 -4.9% $282 / Sq Ft
08/17/2016 08/17/16 For Sale $629,900 -- $297 / 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 $8,066 $842,000 $0 $842,000
2024 $7,871 $789,500 $0 $789,500
2023 $7,839 $729,900 $0 $729,900
2022 $7,648 $636,800 $0 $636,800
2021 $6,976 $551,900 $0 $551,900
2020 $6,945 $540,900 $0 $540,900
2019 $4,170 $512,400 $0 $512,400
2018 $6,592 $497,100 $0 $497,100
2017 $6,391 $475,200 $0 $475,200
2016 $4,898 $365,800 $0 $365,800
2015 $4,665 $349,700 $0 $349,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72789333

MLS Property Information Network (MLS PIN)

APN: NEWP-000072-000038-B000000