$265,000
SOLD OCT 27, 2016

13 Kearsarge Mountain Rd Warner, NH 03278

12 Beds
6 Baths
4,900 Sq Ft
0.5 Acres

Recently Sold

$54 Per Sq Ft

4% Below List Price

26 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • High Speed Internet
  • Screened Porch
  • Space Heater
  • Level Lot

About This Home

As of August 2023

Fantastic investment opportunity! This property will allow the savvy investor the choice of continuing to draw income from the property as-is. Or, to generate positive cash flow while upgrading and possibly expanding the finished square footage. 5 of the 6 tenants are TAW. The property consists of 2 buildings. Bldg. 1 contains two 2-bedroom units, top and bottom. Screen porch attached to unit 1. Both units are occupied by long term tenants. Bldg. 2 consists of four 2-bedroom units that have been very well maintained. The upstairs units feature exposed beams and have the feel of an upscale ski condo. (20 minutes from Mt. Sunapee). Bldg. 2 also features approx. 800 sf of unfinished space between the downstairs units. The layout would suggest adding a 3rd bedroom to each of the downstairs units and increasing the cash flow further.

Last Agent to Sell the Property

Richard Weisberg

Weisberg Realty License #054276 Listed on: 09/01/2016

Last Buyer's Agent

Donald Fannie

Century 21 Circa 72 Inc. License #011914

Century 21 Circa 72 Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,710

Year Built

  • Built in 1905

Lot Details

  • 0.5 Acre Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Screened Porch

Flooring

  • Wood
  • Carpet

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 6 Car Parking Spaces
  • Dirt Driveway
  • Assigned Parking

Schools

  • Simonds Elementary School
  • Kearsarge Regional Middle Sch
  • Kearsarge Regional High School

Utilities

  • Radiator
  • Space Heater
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • Water Heater
  • High Speed Internet

Community Details

  • 6 Units
  • Gross Income $49,380

Listing and Financial Details

  • Exclusions: Some older appliances are tenant owned.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,710

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Flood Zone: Unknown
  • Assessment Amount: 251880
  • Assessment Year: 2015
  • Construction: Existing
  • Items Excluded: Some older appliances are tenant owned.
  • Total Stories: 2
  • Price Per Sq Ft: 54.08
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5700
  • Sq Ft - Apx Total Finished: 4900
  • Year Built: 1905
  • Remarks Public: Fantastic investment opportunity! This property will allow the savvy investor the choice of continuing to draw income from the property as-is. Or, to generate positive cash flow while upgrading and possibly expanding the finished square footage. 5 of the 6 tenants are TAW. The property consists of 2 buildings. Bldg. 1 contains two 2-bedroom units, top and bottom. Screen porch attached to unit 1. Both units are occupied by long term tenants. Bldg. 2 consists of four 2-bedroom units that have been very well maintained. The upstairs units feature exposed beams and have the feel of an upscale ski condo. (20 minutes from Mt. Sunapee). Bldg. 2 also features approx. 800 sf of unfinished space between the downstairs units. The layout would suggest adding a 3rd bedroom to each of the downstairs units and increasing the cash flow further.
  • List Agent: 26397
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood
  • Total Rooms Above Ground: 24
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Partial, Unfinished
  • Sq Ft - Apx Finished AG: 4900
  • Sq Ft - Apx Unfinished AG: 800

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt
  • Exterior: Wood
  • Foundation: Brick, Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch - Screened

Garage/Parking

  • Parking: Assigned, Parking Spaces 6+
  • Garage Description: Assigned

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned, Separate
  • Heating Fuel: Electric, Gas - LP/Bottle, Oil
  • Heating: Baseboard, Radiator, Space Heater
  • Separate Utilities: Yes
  • Total Electric Meters: 7
  • Total Heat Units: 6
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 6
  • Trash: Private
  • Utilities: Internet - Cable

Condo/Co-op/Association

  • Restrictions: Pets - None

Schools

  • School District: Kearsarge Sch Dst SAU #65
  • Elementary School: Simonds Elementary
  • Middle School: Kearsarge Regional Middle Sch
  • High School: Kearsarge Regional HS
  • Elementary School: Simonds Elementary
  • High School: Kearsarge Regional HS

Lot Info

  • Lot Sq Ft: 21780
  • Lot Acres: 0.5
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: B1
  • Deed Book: 1536
  • Deed Page: 0195
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 49380
  • Total Units: 6
  • Total2 Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 6710
  • Tax Year: 2015

MLS Schools

  • School District: Kearsarge Sch Dst SAU #65
  • School Middle Jr: Kearsarge Regional Middle Sch

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $585,000 +8.8% $109 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/14/2023 05/14/23 For Sale $537,500 +102.8% $100 / Sq Ft
10/27/2016 10/27/16 Sold $265,000 -3.6% $54 / Sq Ft
09/27/2016 09/27/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $275,000 -- $56 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4513406

PrimeMLS