2 DEPOT SQ
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Location
2 DEPOT SQ
Mblu
41B/ 216/ 0/ /
Acct#
3465
Owner
INSTITUTION FOR SAVINGS
Total Market Value
$2,777,300
PID
3465
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$2,278,800$498,500$2,777,300

Owner of Record
OwnerINSTITUTION FOR SAVINGS
Co-OwnerIN NEWBURYPORT + ITS VICINITY
Address2 DEPOT SQUARE
IPSWICH, MA 01938
Sale Price$1
Certificate12994-460
Book & Page 12994/460
Sale Date04/25/1995
Instrument1F

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
INSTITUTION FOR SAVINGS $112994-46012994/4601F04/25/1995
INSTITUTION FOR SAVINGS $112994-46012994/4601F04/25/1995
OLSON MELVIN P JR$350,00012836-47212836/4721L11/29/1994
FEDERAL DEP INS CORP$600,0008599-5388599/5381AL10/31/1986

Building Information
Building 1 : Section 1
Year Built: 1995
Living Area: 9,550
Replacement Cost: $2,083,528
Building Percent Good: 96
Replacement Cost
Less Depreciation:
$2,000,200
Building Attributes
FieldDescription
ModelCommercial
Stories2.25
StyleBank
GradeExcellent
Living Units2
Total # Units2
FoundationConcrete
FrameWood
Full Baths2
Full Bath RatingAverage
Half Baths4
Half Bath RatingAverage
Extra Fixtures1
Exterior Wall 1Brick Venr
Exterior Wall 2 
Roof StructureHip
Roof CoverAsphalt
Wall Height8.00
Int Wall 1Drywall
Int Wall 2 
PartitionTypical
Int Floor 1Carpet
Int Floor 2Ceramic Tl
Heat Type 1Forced H/A
Heat Type 2 
Heat FuelGas
# Heat Systems1
Kitchens0
Kitchen RatingNone
AC Percent100
Extra Kitchens0
Add Kit RatingNone
% Comn Wall0.00
% Sprinkler100
Plumbing 
Total Rooms0
Bedrooms0
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUPPER STORY, FIN 5,299 5,299
BASFIRST FLOOR 4,251 4,251
FB33/4 Fin Basement 4,251 0
FOPOPEN PORCH, FIN 1,048 0
UATATTIC, UNF 4,251 0
   19,100 9,550

Extra Features
Extra Features
CodeDescriptionSizeBldg #
DUW3W/Pneu Tube1.00 UNITS1
DUW4W/Rem Scr&Tube1.00 UNITS1
ATM1Automatc Tellr1.00 UNITS1
ELV1Pass Elev 1-3stop3.00 UNITS1
VLT1Vault-Avg240.00 SF1
BOXSafe Deposit213.00 SF1
ATM1Automatc Tellr1.00 UNITS1

Land
Land Use
Use Code341C
DescriptionBANK  
Zone
NeighborhoodCG
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.36
Frontage
Depth
Total Market Land$498,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeBldg #
PAV1Paving-Asphalt  3500.00 SF1
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$2,399,800$488,900$2,888,700
2024$2,555,800$459,200$3,015,000
2023$2,486,100$423,900$2,910,000

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