NOT LISTED FOR SALE

118 Mechanic St North Conway, NH 03860

Estimated Value: $611,847

7 Beds
5 Baths
2,798 Sq Ft
$219/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $410,000 $147 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,778/month

27 Days on Market

Highlights

  • Deck
  • Double Pane Windows
  • Baseboard Heating
  • Corner Lot
  • Garden
  • 5-minute walk to Diana's Baths

About This Home

As of October 2019

Conveniently located in the heart of North Conway Village this multi-family property uniquely consists of a 4-unit apartment building and separate single-family home. Two buildings on the same lot, a 3BR 1.5Ba house & another building w/2 Studios and 2 1BR apartments. Visible corner lot location only 3 blocks from downtown Main Street and within walking distance to numerous eating establishments, post office, banks, schools, Cranmore Mountain Resort -you name it. Fully occupied with $44,880 annual income. Tenants pay utilities. Email Joy@JTRealty.com for details.

Last Listed By

Joy Tarbell

KW Coastal and Lakes & Mountains Realty/N Conway License #009445 Listed on: 08/16/2019

KW Coastal and Lakes & Mountains Realty/N Conway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,635

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Corner Lot
  • Level Lot
  • Garden

Home Design

  • Converted Dwelling
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 2,798 Sq Ft Home
  • 1.75-Story Property
  • Double Pane Windows
  • Window Screens
  • Stove

Unfinished Basement

  • Partial Basement
  • Walk-Up Access
  • Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • 6 Car Parking Spaces
  • Gravel Driveway
  • Shared Driveway
  • Unpaved Parking
  • On-Site Parking
  • Assigned Parking

Outdoor Features

  • Deck

Schools

  • John Fuller Elementary School
  • A. Crosby Kennett Middle Sch
  • A. Crosby Kennett Sr. High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • Individual Controls for Heating
  • Underground Utilities
  • Shared Water Source
  • Liquid Propane Gas Water Heater
  • Oil Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 5

Community Details

Overview

  • 5 Units

Building Details

  • 4 Separate Gas Meters
  • Gross Income $44,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,635

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Conversion
  • Directions: From Main Street in North Conway Village, turn at North Conway Library onto Mechanic Street. Go to 3rd street on left. Property is at the corner of Mechanic & Oak Street, with the apartments on the Mechanic St side and the house on Oak St.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 1.75
  • Price Per Sq Ft: 146.53
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2798
  • Sq Ft - Apx Total Finished: 2798
  • Year Built: 1930
  • Remarks Public: Conveniently located in the heart of North Conway Village this multi-family property uniquely consists of a 4-unit apartment building and separate single-family home. Two buildings on the same lot, a 3BR 1.5Ba house & another building w/2 Studios and 2 1BR apartments. Visible corner lot location only 3 blocks from downtown Main Street and within walking distance to numerous eating establishments, post office, banks, schools, Cranmore Mountain Resort -you name it. Fully occupied with $44,880 annual income. Tenants pay utilities.
  • List Agent: 17126
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Crawl Space, Dirt Floor, Partial, Unfinished, Exterior Access
  • Sq Ft - Apx Finished AG: 2798

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Gravel
  • Exterior: Clapboard, Vinyl, Wood
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal, Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Deck, Garden Space, Window Screens, Windows - Double Pane

Garage/Parking

  • Parking: Assigned, Driveway, On-Site, Parking Spaces 6+, Unpaved

Utilities

  • Cable Company: Spectrum
  • Electric: Circuit Breaker(s)
  • Fuel Company: White Mountain Oil
  • Sewer: Public
  • Water: Public, Shared
  • Water Heater: Electric, Gas - LP/Bottle, Off Boiler, Oil, Separate
  • Heating Fuel: Electric, Gas - LP/Bottle, Oil
  • Heating: Baseboard, Electric, Gas Heater - Vented, Hot Water, Individual, Monitor Type, Stove - Gas
  • Electric Company: NHEC
  • Separate Utilities: Yes
  • Total Electric Meters: 5
  • Total Gas Meters: 4
  • Total Heat Units: 5
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 4
  • Trash: Dumpster
  • Utilities: Gas - Underground, High Speed Intrnt -Avail, Internet - Cable

Schools

  • School District: SAU #9
  • Elementary School: John Fuller Elementary School
  • Middle School: A. Crosby Kennett Middle Sch
  • High School: A. Crosby Kennett Sr. High
  • Elementary School: John Fuller Elementary School
  • High School: A. Crosby Kennett Sr. High

Lot Info

  • Village/District/Locale: North Conway
  • Map: 219
  • Lot: 5
  • Lot Sq Ft: 12197
  • Lot Acres: 0.28
  • Lot Description: Corner, Level
  • Surveyed: Unknown
  • Zoning: VR
  • Deed Book: 3097
  • Deed Page: 813
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 44880
  • Sale Includes: Equipment
  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 4
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5635
  • Tax Year: 2019

MLS Schools

  • School District: SAU #9
  • School Middle Jr: A. Crosby Kennett Middle Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2019
Closed on
Oct 29, 2019
Sold by
Buttrick Nathan L and Buttrick Mahima C
Bought by
Mechanic Street Llc
Seller's Agent
Joy Tarbell
KW Coastal and Lakes & Mountains Realty/N Conway
Buyer's Agent
Theresa Bernhardt
KW Coastal and Lakes & Mountains Realty/N Conway
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%
Total Days on Market
27
Current Estimated Value
$611,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,847
Avg. Annual Appreciation
7.51%
Original Mortgage
$200,000
Outstanding Balance
$178,165
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$433,682

Purchase Details

Listed on
May 2, 2013
Closed on
Aug 9, 2013
Sold by
Sunny Skye Ret
Bought by
Buttrick Nathan L and Buttrick Mahima C
Seller's Agent
Joy Tarbell
KW Coastal and Lakes & Mountains Realty/N Conway
Buyer's Agent
Nella Thompson
Pinkham Real Estate
List Price
$325,000
Sold Price
$312,500
Premium/Discount to List
-$12,500
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%

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
Mechanic Street Llc $410,000 --
Mechanic Street Llc $410,000 --
Mechanic Street Llc $410,000 --
Buttrick Nathan L $312,500 --
Buttrick Nathan L $312,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mechanic Street Llc $200,000
Closed Mechanic Street Llc $200,000
Closed Buttrick Nathan L $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2019 10/31/19 Sold $410,000 -3.5% $147 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/16/2019 08/16/19 For Sale $425,000 +36.0% $152 / Sq Ft
08/09/2013 08/09/13 Sold $312,500 -3.8% $112 / Sq Ft
06/11/2013 06/11/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $325,000 -- $116 / 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 $4,637 $368,000 $178,400 $189,600
2023 $4,217 $368,000 $178,400 $189,600
2022 $5,666 $295,400 $158,400 $137,000
2021 $4,827 $295,400 $158,400 $137,000
2020 $8,719 $244,900 $158,400 $86,500
2019 $8,910 $244,900 $158,400 $86,500
2018 $4,756 $214,900 $128,400 $86,500
2017 $4,294 $214,900 $128,400 $86,500
2016 $4,150 $214,900 $128,400 $86,500
2015 $4,102 $214,900 $128,400 $86,500
2014 $4,053 $214,900 $128,400 $86,500
2013 $3,840 $215,000 $128,400 $86,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4771352

PrimeMLS

APN: CNWY-000219-000000-000005