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.
Details
| MLS # | 73535880 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 113 |
| Listing Provided By | Compass | The Bakhtiari Group |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,810 |
| Story(s) | 3 |
| Units | 3 |
| Zoning | AR4 |
| Acreage | 0.15 |
| Golf Course | Yes |
| Water Front | Yes |
Interior
| Rooms Total | 9 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete Perimeter, Slab |
|---|---|
| Lot Features | Cleared, Level |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 6261 |
|---|---|
| Tax Assessed Value | 840400 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Newbury |
| Zip Code | 01951 |
| Area | Plum Island |
| School District | Triton |
| Elementary School | Newbury Element |
| High School | Triton |
| Listing VS Median (in 01951) | |
Price: $990,000 low | high Med: $924,900 sqft: 1,810 low | high Med: 738 $ / sqft: $547 low | high Med: $1,253 On site: 113 low | high Med: 82 | |
Market Activity 01951
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Newbury |
| Zip Code | 01951 |
| Area | Plum Island |
| School District | Triton |
| Elementary School | Newbury Element |
| High School | Triton |
| Listing VS Median (in 01951) | |
Price: $990,000 low | high Med: $924,900 sqft: 1,810 low | high Med: 738 $ / sqft: $547 low | high Med: $1,253 On site: 113 low | high Med: 82 | |
