NOT LISTED FOR SALE

1 Elm St Newmarket, NH 03857

Estimated Value: $296,000 - $381,000

6 Beds
2 Baths
2,496 Sq Ft
$134/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $225,000 $90 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,147/month

55 Days on Market

Highlights

  • Softwood Flooring
  • 2 Car Detached Garage
  • Property is Fully Fenced
  • Newmarket Elementary School Rated A-
  • Baseboard Heating
  • Level Lot

About This Home

As of June 2015

Great downtown location for this Duplex with two 3 bedroom units. Excellent income for investor, Two car garage is leased for income. Wonderful opportunity for an owner occupier to pay most of costs by renting one unit and garage. Walk to downtown Newmarket with great amenities, and stroll along this Riverfront town. Excellent dining / food choices along with a vibrant art and music scene have made Newmarket a destination for residents of the Great Bay Area and beyond. Can be purchased as a package with two abutting properties, See MLS numbers 4399723 and 4299726 for details of other two properties.

Last Agent to Sell the Property

Gerry OConnell

KW Coastal and Lakes & Mountains Realty/Dover Brokerage Email: Gerry@OConnellRE.com License #062160 Listed on: 01/18/2015

KW Coastal and Lakes & Mountains Realty/Dover

Last Buyer's Agent

Gerry OConnell

KW Coastal and Lakes & Mountains Realty/Dover Brokerage Email: Gerry@OConnellRE.com License #062160 Listed on: 01/18/2015

KW Coastal and Lakes & Mountains Realty/Dover

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,548

Year Built

  • Built in 1914

Lot Details

  • 5,662 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,496 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Flooring

  • Softwood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Schools

  • Newmarket Elementary School
  • Newmarket Junior High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Rent includes landscaping, plowing, sewer, snow removal, water

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Gross Income $34,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,548

Year Built

Built in 1914

Lot Details

0

Parking

2

Listing Details

  • Directions: Route 108 to Newmarket. Turn onto Elm Street at the Public Library. 1-3 Elm Drive is second property on the right opposite the Library.
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1914
  • Architectural Style: Duplex
  • ResoLotFeatures: Level, In Town, Near Shopping, Near Public Transit
  • Road Frontage Type: Private Road
  • Attribution Contact: Gerry@OConnellRE.com
  • MLS Status: (20) Closed - Closed
  • Above Grade Finished Sq Ft: 2496.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • SqFt_Apx_Total_Finished: 2496
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Water Heater – Off Boiler
  • Total Bedrooms: 6
  • Flooring: Carpet, Softwood, Tile
  • Basement: Full, Unfinished
  • Other Equipment: Smoke Detectr-HrdWrdw/Bat
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Exterior Features: Fence - Full, Fence - Partial
  • Roof: Shingle - Asphalt, Shingle - Fiberglass
  • Construction Type: Wood Frame, Vinyl Exterior
  • Foundation Details: Stone

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Detached

Utilities

  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Oil, Baseboard, Hot Water
  • Trash: Tenant
  • Water Source: Public

Schools

  • Elementary School: Newmarket Elem School
  • Middle Or Junior School: Newmarket Junior High School

Lot Info

  • Surveyed: Yes
  • Zoning: M2-A
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.0

Rental Info

  • Rent Includes: Landscaping, Plowing, Sewer, Snow Removal, Water

Building Info

  • Building Unit Info: CO Detector,Dryer,Microwave,Range - Electric,Refrigerator,Washer

Multi Family

  • Gross Income: 34280.0
  • Number Of Units Total: 2
  • Insurance Expense: 1800.0
  • Maintenance Expense: 329.0
  • Number Of Units Leased: 2
  • Number Of Separate Electric Meters: 2

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 5548.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2019
Sold by
Dana Martha J
Bought by
Raffety Emily
Current Estimated Value
$335,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,575
Outstanding Balance
$134,998
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$175,669

Purchase Details

Closed on
Jul 3, 2007
Sold by
Legault Christine L
Bought by
Dana Martha J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2001
Sold by
Huff John M and Huff Maria E
Bought by
Legault Christine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,100
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Raffety Emily $179,533 --
Dana Martha J $139,000 --
Legault Christine L $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raffety Emily $152,575
Previous Owner Legault Christine L $111,200
Previous Owner Legault Christine L $90,400
Previous Owner Legault Christine L $74,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2015 06/15/15 Sold $225,000 -24.7% $90 / Sq Ft
03/14/2015 03/14/15 Pending -- -- --
01/18/2015 01/18/15 For Sale $299,000 -- $120 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,013 $233,300 $122,400 $110,900
2023 $4,126 $139,900 $69,900 $70,000
2022 $3,776 $139,900 $69,900 $70,000
2021 $3,688 $139,900 $69,900 $70,000
2020 $3,562 $139,900 $69,900 $70,000
2018 $3,029 $103,600 $54,000 $49,600
2017 $2,769 $103,600 $54,000 $49,600
2016 $2,637 $103,600 $54,000 $49,600
2015 $2,586 $103,600 $54,000 $49,600
2014 $2,668 $103,600 $54,000 $49,600
2013 $2,862 $117,000 $55,100 $61,900
2012 $3,188 $134,700 $55,100 $79,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4399725

PrimeMLS

APN: NMAR-000002-000100-000000-U000000