CCertihomes
5 Northern Blvd, Newbury, MA 01951

$999,999

6 beds 3 baths 1,850 sqft Built 193016 days on marketActive

About this home

Incredible opportunity for the investor or builder who wants to break into the Plum Island Market. Legal three-unit property directly across from the ocean. Property has excellent rental income history for both annual and short-term vacation rentals. Live in one unit and rent the other two! Or develop three units with amazing ocean views! Possibilities for this property are numerous and the potential is great. Property is being sold as is. Buyer to assume betterment.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$6,611/mo

Real estate (PITI + HOA + PMI)
$6,545
Principal + interest$4,535
Property tax + insurance$1,635
PMI / 2nd mortgage$375
Utilities
$474
Heating + cooling$75
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$100
Car insurance + maintenance$100
Other (entertainment)
$158
$6,611/mo TLC
Budget$7,111/mo
Remaining after TLC$500/mo
Purchase price
$999,999
Down payment
$50,000 (5%)
Loan amount
$949,999
APR
4%

Quick facts

Type
3 Family - 3 Units Side by Side
Style
Year built
1930
Lot size
0.15 ac
Stories
3
Heating
Cooling
Water
Public
HOA
Annual tax
$8,000
MLS #
73209972
County
Essex

Home features

Parking
Paved DriveOff StreetStone/Gravel
Flooring
Plywood, Concrete
Roof
Shingle
Sewer
Public Sewer

Schools

Elementary
Newbury Element
Middle
Triton
High
Triton

Neighborhood — 01951

MetricThis ZIPCountyUSA
Population6,3316,444,931299,088,112
Population Change Since199011.00%7.00%20.00%
Population Density354786
Male3,0163,127,134147,432,321
Female3,3153,317,797151,655,844
Never Married1,3301,612,88563,775,926
Married2,7572,586,314123,120,365
Separated130247,85712,639,686
Widowed378363,59415,467,586
Divorced581436,88823,075,029
Number Of House Hold2,5162,431,591111,826,380
Average House Hold Size2.452.562.60
Medial Age43.1537.2535.46
Median House Hold Income$72,243$57,698$48,276
Average House Hold Income$85,494$75,023$63,629
P C I$34,316$29,196$24,529
M D I$58,568$48,105$41,133
A T H E$63,588$57,083$50,898
S T R5.00%5.00%
W C J75.15%81.38%77.74%
(Zip) Code
1951

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 3/7/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.