Owner
$915,575
58 MERRIMAC ST APT 3-4, NEWBURYPORT, MA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
2
sq. ft.
1,420
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Average Condition
Living Area
1 Story
Forced Air Unit
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1988
Building Size
1,420 sq ft
Lot Size
0 sq ft
Lot Size (Acres)
—
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
NEWP M:0048 B:0015O L:0000
County
Essex County, Massachusetts
Metro Area
Boston-Cambridge-Newton, MA-NH
Zoning
—
Neighborhood/Subdivision
—
Lot Number
—
School District
Newburyport School District
Legal Description
—
Tax & Value Information
Market Value (Total)
$0
Building Value
$0
Land Value
$0
Annual Property Tax
$8,127
Tax Assessment Year
2025
Assessed Value
$848,300
Last Assessment Year
2025
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
2/1/2023
Recording Date
2/10/2023
Sales Document #
2023.1610
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$35,428
Return on Investment
15.60%
After Repair Value
$1,007,133
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$824,018
Renovation Cost
$45,779
Closing Costs (buying)
$16,480
Holding Costs
$25,000
Selling Costs
$60,428
Total Investment
$227,063
After Repair Value (ARV)
$1,007,133
Total Costs
$971,705
Estimated Profit
$35,428
Cash Invested
$210,582
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area