481 Merrimac St # 1, Newburyport MA 01950

Newburyport, MA 01950

$562,000

Beds

Baths

1,112

Sq Ft

$505

Price/Sq Ft

1982

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Sep 4, 2024 • MLS# 73284950 Copied! • Updated Oct 10, 2024

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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

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.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property

$505/sq ft

Area Median

$451/sq ft

Difference

+11.9%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

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!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

2.3%

Price Range

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

Date	Event	Price	Change	$/sqft	Details
10/10/2024	✓ Sold	$562,000	-	-	Property sold
09/04/2024	🏠 Listed for Sale	$549,000	-	-	Original listing

Tax History

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

Financial Details

Annual Property Tax

$3,642

Tax Year 2024

HOA Fee

Monthly

Assessed Value

$365,300

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

HOA & Community

Fee Includes Insurance

Amenities None

Optional Fee Includes None

Owner-Occupied Units 2

MA Disclosures

Seller Disclosures No Hoa Fee - Owners Split Master Insurance: $1, 165 Per Unit Annually. Public Record = 3 Bedroom - Home Is Currently Set Up As 2 Bedroom. Garbage Disposal Recently Stopped Working/needs Replacement. Microwaveis Functioning But Door Required Repair.

Additional Details

Possession None

Accepted Financing None

Structure Type ["Townhouse"]

Unit/Building 1

Sq Ft Source Measured

Sq Ft Disclosures Measurements approximate and for marketing purposes/Buyers to perform due diligence

Documents None

County Essex

Total market time (incl. prior listings) 12 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1982

Bedrooms

Full Bathrooms

Living Area

1,112 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

481 Merrimac St # 1, Newburyport MA 01950

Newburyport, MA 01950

Listing Information

Listing Agent Tzortzis Lane Group

Listing Office Coldwell Banker Realty - Ipswich

Office Phone 603-334-1900

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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