481 Merrimac St # 1, Newburyport MA 01950

Newburyport, MA 01950
$562,000
2
Beds
1
Baths
1,112
Sq Ft
$505
Price/Sq Ft
1982
Year Built
4
Parking
11
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
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.

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 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

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

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
Features Off Street, Paved
Total Spaces 4
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $3,642
Assessed Value $365,300

HOA & Community

Fee Includes Insurance
Amenities None
Optional Fee Includes None
Owner-Occupied Units 2
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.
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
2
Full Bathrooms
1
Living Area
1,112 sq ft
Total Rooms
5
Stories
2
Entry Level
1

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

Elementary Schools

3 schools
A-
Francis T Bresnahan Elementary School
0.5 mi | #237 of 825 | Score: 52.9
Improved 128 spots from last year
-5.3 below state avg
567 students Less Diverse
Rising School Strong Attendance
Grades PK-03
A-
Edward G. Molin Elementary School
1.4 mi | #239 of 825 | Score: 52.9
Improved 37 spots from last year
-5.4 below state avg
294 students Less Diverse
Rising School Strong Attendance
Grades 04-05
A-
River Valley Charter School
1.6 mi | #82 of 352 | Score: 51.3
Improved 66 spots from last year
-6.9 below state avg
288 students Less Diverse
Rising School
Grades K-08
M

Middle Schools

2 schools
A
Rupert A Nock Middle School
1.4 mi | #58 of 352 | Score: 55.6
Improved 47 spots from last year
-2.6 below state avg
498 students Less Diverse
Rising School Strong Attendance
Grades 06-08
B
Amesbury Middle School
2.1 mi | #171 of 352 | Score: 42.8
Improved 52 spots from last year
-15.4 below state avg
366 students Moderate
Rising School
Grades 06-08
H

High Schools

3 schools
A
Newburyport High School
1.2 mi | #53 of 346 | Score: 67.1
Improved 12 spots from last year
+8.8 above state avg
745 students Less Diverse
18 sports • 1,722 athletes
Strong AP Program High Graduation Rate College Ready Curriculum Strong Athletics
Grades 09-12
Coastal Connections Academy
2.6 mi
Grades 12
C-
Amesbury Innovation High School
2.7 mi | #309 of 346 | Score: 36.7
Dropped 19 spots from last year
-21.5 below state avg
43 students Moderate
College Ready Curriculum
Grades 09-12
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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.

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Steve Novak Real Estate
Steve Novak Real Estate
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