NOT LISTED FOR SALE

116 Main St Gorham, NH 03581

Estimated Value: $206,000 - $289,000

5 Beds
3 Baths
2,567 Sq Ft
$96/Sq Ft Est. Value

Last Sold March 12, 2014

Last sale price $40,000 $16 Per Sq Ft

Est. 515% increase in value since last sale

Current estimated payment $1,700/month

137 Days on Market

Highlights

  • Zoned Heating and Cooling
  • Baseboard Heating
  • Carpet
  • Gorham High School Rated 10
  • 1 Car Garage
  • 4-minute walk to Mt Washington State Park

About This Home

As of March 2014

(1366) - Fully occupied 2 unit building. Building consists of a 2 bedroom unit on the first floor and a 3 bedroom unit on the second and third floors. Centrally located downtown next to the Gorham Middle/High School. Building is located in a commercial area and could be easily converted back with a retail space with the owners quarters on the floors above it. Large back yard with a 1 car garage.

Last Agent to Sell the Property

Steve Grone

RE/MAX Northern Edge Realty LLC License #059819 Listed on: 08/12/2013

RE/MAX Northern Edge Realty LLC

Last Buyer's Agent

Wayne Micucci

RE/MAX Northern Edge Realty LLC License #056953

RE/MAX Northern Edge Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 1 Car Garage
  • Shared Driveway

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3-Story Property
  • Carpet

Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Schools

  • Edward Fenn Elementary School
  • Gorham Middle School
  • Gorham High School

Utilities

  • Zoned Heating and Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Separate Meters
  • 220 Volts
  • 200+ Amp Service

Community Details

  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Rent includes all utilities, electric, heat, hot water, landscaping, parking, plowing, sewer, snow removal, trash, water
  • Tax Lot 68
  • 30% Total Tax Rate

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Assessment Amount: 116700
  • Assessment Year: 2013
  • Construction: Existing
  • Foreclosedbank Ownedreo: Yes
  • Total Stories: 3
  • Price Per Sq Ft: 15.58
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 3652
  • Unit Info: Fireplace - Wood
  • Year Built: 1905
  • List Agent: 12551
  • Architectural Style: Other
  • Special Features: 1028
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater – Off Boiler
  • Flooring: Carpet
  • Basement: Yes
  • Basement Description: Bulkhead, Full, Stairs - Interior
  • Sq Ft - Apx Finished AG: 2567
  • Sq Ft - Apx Finished BG: 1085

Exterior Features

  • Driveway: Common/Shared, Paved
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame, Aluminum Siding

Garage/Parking

  • Garage Capacity: 1
  • Parking: Detached, Parking Spaces 1
  • Garage: Yes

Utilities

  • Electric: 200 Amp, 220 Volt, Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Multi Zone
  • Cooling: Multi Zone
  • Separate Utilities: Yes
  • Total Heat Units: 1
  • Trash: Curbside, Municipal
  • Water Source: Metered, Public

Schools

  • Elementary School: Edward Fenn School
  • High School: Gorham High School

Lot Info

  • Map: u5
  • Lot: 68
  • Lot Sq Ft: 8276
  • Lot Acres: 0.19
  • Surveyed: Unknown
  • Zoning: Commercial
  • Deed Book: 1383
  • Deed Page: 581
  • Deed Recorded Type: Foreclosure

Rental Info

  • Rent Includes: All Utilities, Electric, Heat, Hot Water, Landscaping, Parking, Plowing, Sewer, Snow Removal, Trash, Water

Tax Info

  • Tax Rate: 30.33
  • Tax Gross Amount: 3539
  • Tax Year: 2012

Multi Family

  • Total Full Baths: 3
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

MLS Schools

  • School Middle Jr: Gorham Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2013
Sold by
Gorham Dan T and Bayview Loan Svcng Llc
Bought by
Bayview Loan Svcng Llc
Current Estimated Value
$246,008

Purchase Details

Closed on
Jun 27, 2006
Sold by
Waninger Michael G and Waninger Catherine F
Bought by
Gorham Diane M and Gorham Dan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.59%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bayview Loan Svcng Llc $45,000 --
Gorham Diane M $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorham Diane M $74,000
Previous Owner Gorham Diane M $164,000
Previous Owner Gorham Diane M $20,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2014 03/12/14 Sold $40,000 -42.0% $16 / Sq Ft
12/27/2013 12/27/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $69,000 -- $27 / 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 $4,883 $172,600 $25,500 $147,100
2023 $4,237 $172,600 $25,500 $147,100
2022 $4,186 $172,600 $25,500 $147,100
2021 $3,208 $90,100 $14,300 $75,800
2020 $2,870 $90,100 $14,300 $75,800
2019 $3,043 $90,100 $14,300 $75,800
2018 $3,290 $90,100 $14,300 $75,800
2017 $3,059 $90,100 $14,300 $75,800
2014 $3,580 $116,700 $16,700 $100,000
2010 $2,948 $123,100 $52,600 $70,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4271755

PrimeMLS

APN: GORH-000005-000000-000068-U000000