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481 Merrimac St # 1, Newburyport MA 01950

Newburyport, MA 01950
$562,000
Est. $3,345/month
2
Beds
1
Baths
1,112
Sq Ft
$505
Price/Sq Ft
1982
Year Built
11
Days on Market
Closed Listed Sep 4, 2024 • MLS# 73284950 Copied!

About this home

Welcome to this beautifully maintained townhouse located on Newburyport's popular Merrimac Street! This exceptional property offers the convenience of townhouse living with feel of a single-family home. This townhouse spans two levels, offering ample space and functionality. Enjoy a large, sun-filled private yard with fencing, perfect for outdoor activities, gardening, or simply relaxing in a secluded setting. No HOA fees in this two-unit complex! Experience the benefits of townhouse living without the added cost of monthly condo fees. Located in a desirable area of Newburyport, just a short distance from downtown, you'll be close to a variety of shops, restaurants, the commuter rail to Boston and only a quick drive to Plum Island to enjoy the beach! First showings at open houses!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1982
Bedrooms
2
Full Bathrooms
1
Living Area
1,112 sq ft
Total Rooms
5
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $549,000
Final Sale Price: $562,000
Difference: +$13,000 (+2.4%)
Performance Metrics
102.4%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $494
Sale $/sq ft: $505
This property sold for $505 per square foot
Sale Summary

This property sold for 2.4% above the original asking price, indicating strong buyer demand.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1982
Living Area 1,112 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Flooring None
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement Y
Laundry In Basement, In Unit
Features None

Exterior

Construction None
Architecture None
Roof Shingle
Features Storage, Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch None

Parking

Features Off Street, Paved
Total Spaces 4

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,642
Assessed Value $365,300

Interior Features

Flooring:
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Windows:
Basement: Y
Laundry: In Basement, In Unit
Security:

Construction & Materials

Year Built: 1982
Structure Type: Townhouse
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Storage, Fenced Yard
Patio & Porch:
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Off Street, Paved

Location

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Neighborhood

481 Merrimac St # 1, Newburyport MA 01950

Newburyport, MA 01950

Walkability

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Nearby Schools

School District
Newburyport School District local
A-
School Safety 2024-25
0.0% Very Low (Safest)
5.5% below state avg
E

Elementary Schools

5 schools
A-
River Valley Charter School
1.6 mi | #82 of 352 | Score: 51.5
Improved 66 spots from last year
-6.7 below state avg
288 students Less Diverse
Rising School
Grades K-08
Immaculate Conception School
1.8 mi
Grades K-08
A-
Francis T Bresnahan Elementary School
0.5 mi | #236 of 824 | Score: 53.0
Improved 129 spots from last year
-5.2 below state avg
584 students Less Diverse
Rising School
Grades PK-03
B+
Edward G. Molin Elementary School
1.4 mi | #255 of 824 | Score: 52.3
Improved 21 spots from last year
-5.9 below state avg
310 students Less Diverse
Rising School
Grades 04-05
Newburyport Montessori School
1.9 mi
Grades PK-K
M

Middle Schools

1 school
A
Rupert A Nock Middle School
1.4 mi | #59 of 352 | Score: 55.1
Improved 46 spots from last year
-3.1 below state avg
470 students Less Diverse
Rising School
Grades 06-08
H

High Schools

1 school
A
Newburyport High School
1.2 mi | #48 of 346 | Score: 67.5
Improved 17 spots from last year
+9.3 above state avg
743 students Less Diverse
18 sports • 1,722 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $304
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

2.3%
Price Range
12
Total Days on Market

Property Timeline

Sold
Oct 10, 2024
$562,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Sep 4, 2024
$549,000
Original listing
Agent: Tzortzis Lane Group Office: Coldwell Banker Realty - Ipswich

Price & Status History

Date Event Price Change
Sep 4, 2024 New Listing Added $549,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$505

Tax History

Year Taxes Assessment
2024 $3,642 $365,300

Financial Details

Annual Property Tax
$3,642
Tax Year 2024
HOA Fee
$0
Monthly
Assessed Value
$365,300

Listing Information

Listing Agent Tzortzis Lane Group
Listing Office Coldwell Banker Realty - Ipswich
Agent MLS ID TM356425
Office MLS ID AN8678
Listing Data Updated Oct 10, 2024 7:21 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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