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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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5 Northern Blvd , Newbury, MA 01951
$990,000
Est. Payment: $2,200.00/mo
6 Bed
3 Bath
1810 Sqft
Status: Active | Days on site: 93
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AN7000 - TM356376
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

**Seller open to "seller-financing" / partnership structures. One of the most compelling redevelopment opportunity available on Plum Island, with the the property offering ocean views just steps to the beach & attractions. Situated on a 6,499sqft lot with 6 off-street parking spaces, the property is a grandfathered legal 3-family structure containing ~1,810sqft of living area. 2 potential development concepts may include: (1) three luxury 2-bedroom, 1-bath condos with parking & outdoor deck space; or (2) two larger 3-bedroom luxury condos with parking & outdoor deck space. Conceptual plans are available to qualified buyers. Additional development potential and/or expanded FAR (Floor Area Ratio) may be possible through future town permitting/approvals. Buyer to perform all due diligence. Seller/Seller's agent make no representations or warranties regarding the condition of the existing structure & do not represent the building as salvageable for renovation. Property sold as-is.
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Highlights

Listed by The Bakhtiari Group , 603-560-5357 Compass , 978-248-8081.

Property Type

Multi-Family
Lot/Acreage
0.15

Year Built

1930

County

Essex

Area

Plum Island

Listing ID

73535880

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Water:Public

Exterior Features

Lot:Cleared,Level,Ocean,Direct Access,Walk to,0 to 1/10 Mile To Beach,Beach Ownership(Public)
Garage Capacity:6
Zoning:AR4
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 6
Principal Interest
$2,200
Taxes
$522

Home Price

$990,000

Loan Details

30 yrs
%

Down Payment

20%
$198,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,200.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,200.00 $521.75 $0.00 $2,721.75
Yearly $26,400.00 $6,261.00 $0.00 $32,661.00
Total $792,000.00 $187,830.00 $0.00 $979,830.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Newbury, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.