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6 Prospect St
Score
58
Merrimac, MA

6 Prospect St

790K
8 bd • 6 ba • 4,290 sf

This analysis was generated on 4/28/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$789,900
+93%vs 01860
Price/Sq.Ft
$184
-45%vs 01860
Above Fair Value
1.3% above range

Current Price

$789,900

Fair Range

$760,000 - $780,000

$789,900
Below Market-20%
Above Market+20%

Negotiation Leverage

3 points to consider in your offer

Recommended Offer

$770,000
Success Probability:Very Low(0.75%)

AI Rationale

The offer reflects the necessary renovations and market conditions. The property's short time on the market (3 days) may indicate seller motivation, but the market's competitive nature still applies.

Overall Score
58
68
Home Condition
75
Natural Light
44
Value
68
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Outdated Kitchen
Outdated Kitchen

Outdated Kitchen

The kitchen features outdated oak cabinets, laminate countertops, and dated appliances.

Outdated Living Room
Outdated Living Room

Outdated Living Room

The living room has an outdated green paint color, old carpet, and dated light fixtures.

Outdated Bathroom
Outdated Bathroom

Outdated Bathroom

The bathroom has an outdated color scheme and fixtures.

Cracked Driveway
Cracked Driveway

Cracked Driveway

The asphalt driveway is cracked and needs repair.

Unfinished Basement
Unfinished Basement

Unfinished Basement

The basement area is unfinished and has a basic kitchen setup.

Dated Wallpaper
Dated Wallpaper

Dated Wallpaper

The wallpaper is dated and detracts from the room's appeal.

Outdated Kitchen Cabinets
Outdated Kitchen Cabinets

Outdated Kitchen Cabinets

The kitchen cabinets are outdated and show signs of wear.

Worn Kitchen Flooring
Worn Kitchen Flooring

Worn Kitchen Flooring

The flooring in the kitchen is dated and worn.

Weathered Deck
Weathered Deck

Weathered Deck

The deck shows signs of weathering and needs maintenance.

Outdated Wallpaper
Outdated Wallpaper

Outdated Wallpaper

The wallpaper in the bedroom is outdated and detracts from the room's appeal.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$23,000

Kitchen Renovation

$8,000
High

Bathroom Renovation

$15,000
High

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Jan
1970
$0Cash Purchase
January 1, 1970
From:Vincent P Meuse
To:Vincent P Meuse, Rita Meuse
Quit Claim Deed
Non-Arm's Length Transactions

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$789,900
-30%List: $789,900+30%
20%
$157,980of $789,900
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $3,318/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$210,619
Closing Costs
+$52,639
Down Payment
$157,980
Buyer Agent Fee
$20,142
Loan Fees
$6,319
Title & Escrow
$4,740
Inspections
$900
Transfer Tax
$8,689
Prepaid Expenses
$11,849

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
3 days
vs 12 day average
This home has been listed for 3 days, while homes in this area typically sell in 12 days
Inventory Health
4
homes for sale
3 homes sold last month, indicating 1.3x more supply than demand
Price Dynamics
95.2%
of asking price
Homes typically sell for 4.8% below asking price

Price Trajectory

$565,000
Current median price
-24.1%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is strongly cooling
Prices are down 13.6% over the last 3 months
3 Months
-13.6%
6 Months
-16.9%
1 Year
-24.1%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales decreasing 53.8% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$565,000
3 Months Ago
$394,000
+43.4%

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 4 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect each unit's electrical panel for proper labeling, amperage ratings, and any signs of overheating or corrosion.

Thoroughly inspect the roof for any signs of leaks, damage, or wear, paying close attention to flashing around chimneys and vents.

Verify the presence and functionality of smoke detectors and carbon monoxide detectors in each unit.

Questions to Ask

Important questions to ask during the tour

Can you provide a detailed history of any major repairs or renovations done to the property in the last 10 years, including dates, costs, and contractors used?

What is the current occupancy rate of the building, and what are the lease terms for each unit?

Given the moderate flood risk, has the property ever experienced any water damage or flooding? If so, what measures were taken to remediate the damage?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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