$312,500
SOLD AUG 9, 2013

118 Mechanic St North Conway, NH 03860

5 Beds
6 Baths
2,798 Sq Ft
0.28 Acres

Recently Sold

$112 Per Sq Ft

4% Below List Price

40 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Screened Porch
  • Softwood Flooring
  • Corner Lot
  • 4-minute walk to Diana's Baths

About This Home

As of October 2019

Two bldgs on the same lot, a 3BR 1.5Ba house & another bldg with 4 apts- 2 Studio, 2 1BR. Easy to rent location cannot be beat, 3 blocks from N. Conway Village: near restaurants, post office, banks, schools, Mt Cranmore, you name it. Meticulously maintained by owner, lots of updates in both bldgs. Fully leased. A true "armchair investment" with over $38,000 annual income. Tenants pay utilities. Broker interest.

Last Agent to Sell the Property

Joy Tarbell

KW Coastal and Lakes & Mountains Realty/N Conway License #009445 Listed on: 05/02/2013

KW Coastal and Lakes & Mountains Realty/N Conway

Last Buyer's Agent

Nella Thompson

Pinkham Real Estate License #067359

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,718

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
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 2,798 Sq Ft Home
  • 1.5-Story Property
  • Screened Porch
  • Fire and Smoke Detector

Flooring

  • Softwood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level
  • 6 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Crawl Space
  • Basement Storage

Parking

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

Accessible Home Design

  • Kitchen has a 60 inch turning radius
  • Accessible Parking

Outdoor Features

  • Deck

Schools

  • 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
  • Heating System Uses Wood
  • Separate Meters
  • Individual Controls for Heating
  • Shared Water Source
  • Liquid Propane Gas Water Heater
  • Oil Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes ground maintenance, landscaping, parking, trash
  • Tax Lot 5
  • 10% Total Tax Rate

Community Details

Overview

  • 5 Units

Pet Policy

  • Dogs and Cats Allowed

Building Details

  • 3 Separate Gas Meters
  • Gross Income $38,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,718

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 Joe Jones onto Mechanic Street. Go to 3rd street on left. Property is at the corner of Mechanic & Oak St.
  • Assessment Amount: 227900
  • Assessment Year: 2013
  • Construction: Existing
  • Total Stories: 1.5
  • Price Per Sq Ft: 111.69
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 2798
  • Unit Info: Ceiling Fan, CO Detector, Deck, Dishwasher, Heat - Gas, Heat - Oil, Laundry Hookup, Porch - Screened, Range - Electric, Refrigerator, Separate, Smoke Detector, Stove - Wood
  • Year Built: 1930
  • Remarks Public: Two bldgs on the same lot, a 3BR 1.5Ba house & another bldg with 4 apts- 2 Studio, 2 1BR. Easy to rent location cannot be beat, 3 blocks from N. Conway Village: near restaurants, post office, banks, schools, Mt Cranmore, you name it. Meticulously maintained by owner, lots of updates in both bldgs. Fully leased. A true "armchair investment" with over $38,000 annual income. Tenants pay utilities. Broker interest.
  • List Agent: 17126
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Equipment: Smoke Detectr-HrdWrdw/Bat
  • Features Accessibility: 1st Floor 1/2 Bathroom, 1st Floor 3/4 Bathroom, 1st Floor Bedroom, 1st Floor Full Bathroom, Access Mailboxes No Steps, Access Parking, Bathroom w/Tub, Kitchen w/5 Ft. Diameter
  • Flooring: Carpet, Ceramic Tile, Softwood, Vinyl
  • Basement: Yes
  • Basement Description: Crawl Space, Full, Stairs - Exterior, Storage Space, Unfinished
  • Sq Ft - Apx Finished AG: 2798

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Crushed Stone, Gravel
  • Exterior: Clapboard, Vinyl
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal, Shingle - Asphalt
  • Features Exterior: Deck, Garden Space, Porch - Covered, Porch - Screened

Garage/Parking

  • Parking: Assigned, On-Site, Parking Spaces 6+, Visitor
  • Garage Description: Assigned

Utilities

  • Cable Company: TWC
  • Electric: Circuit Breaker(s)
  • Fuel Company: WMO
  • Sewer: Public
  • Water: Public, Shared
  • Water Heater: Electric, Gas - LP/Bottle, Off Boiler, Oil, Owned, Separate
  • Heating Fuel: Electric, Gas - LP/Bottle, Oil, Wood
  • Heating: Baseboard, Hot Water, Individual
  • Cooling: Individual
  • Electric Company: NHEC
  • Phone Company: TWC
  • Separate Utilities: Yes
  • Total Electric Meters: 5
  • Total Gas Meters: 3
  • Total Heat Units: 5
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 4
  • Trash: Dumpster
  • Utilities: Cable, Gas - Lp/Bottle, Internet - Cable

Condo/Co-op/Association

  • Restrictions: Pets - Allowed, Pets - Cats Allowed, Pets - Dogs Allowed

Schools

  • School District: SAU #9
  • Middle School: A. Crosby Kennett Middle Sch
  • High School: A. Crosby Kennett Sr. High
  • 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: Yes
  • Zoning: Residential
  • Deed Book: 2770
  • Deed Page: 333
  • Deed Recorded Type: Warranty

Rental Info

  • Rent Includes: Ground Maintenance, Landscaping, Parking, Trash

Multi Family

  • Gross Income: 38364
  • Total Full Baths: 6
  • Total Units: 5
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Rate: 10.35
  • Tax Gross Amount: 4718
  • Tax Year: 2012

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%
Current Estimated Value
$613,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,668
Avg. Annual Appreciation
7.39%
Original Mortgage
$200,000
Outstanding Balance
$177,794
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$435,874

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%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $410,000 --
Warranty Deed $410,000 --
Warranty Deed $410,000 --
Warranty Deed $312,500 --
Warranty Deed $312,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Purchase Money Mortgage
Closed $200,000 New Conventional
Closed $0 Commercial
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: 4234091

PrimeMLS

APN: CNWY-000219-000000-000005