NOT LISTED FOR SALE

13 Lincoln St Somersworth, NH 03878

Estimated Value: $421,000 - $555,387

9 Beds
3 Baths
2,714 Sq Ft
$186/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $520,000 $192 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,395/month

12 Days on Market

About This Home

As of August 2023

Property Id: 1299053

Recently updated 3 bedroom 1 bath with an extra room which could be used as another small bedroom, office space, etc! Pet friendly, 2 parking spots in driveway with extra street parking. Laundry is in building and free for tenants. Asking 2500$ month to month lease tenant responsible for own utilities(electric and gas).

Last Listed By

Chris Lavallee

RE/MAX Synergy Listed on: 06/29/2023

RE/MAX Synergy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,559

Year Built

  • Built in 1871

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,714 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Car Parking Spaces
  • Paved Parking

Utilities

  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Block 134

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $50,400
  • Net Operating Income $42,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,559

Year Built

Built in 1871

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: GPS
  • Flood Zone: Unknown
  • Assessment Year: 2022
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 191.6
  • Year Built: 1871
  • Remarks Public: Looking for a great opportunity to invest, or to call home and have your mortgage paid? This property generates a solid cap rate of a little above 8.0%. All 3 units are in month-to-month status. All rents are currently below market value. There is coin-op water and dryer located in the common space for extra income. All tenants pay for their own heat, hot water, and electricity. Delayed showings until the open houses on Saturday July 8th from 11-1 and July 9th from 11-1.
  • List Agent: 27447
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Sq Ft - Apx Finished AG: 2714

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: Parking Spaces 6+

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Hot Air
  • Total Electric Meters: 4
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 4
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Internet - Cable

Lot Info

  • Map: 11
  • Lot Sq Ft: 4356
  • Lot Acres: 0.1
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R1AH
  • Deed Book: 5033
  • Deed Page: 295
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 50400
  • Net Income: 42200
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 6559
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Aug 15, 2023
Sold by
Baker Travis J
Bought by
Macdougall Alder C and Macdougall Rowan K
Seller's Agent
Chris Lavallee
RE/MAX Synergy
Buyer's Agent
Emily Southworth
The Aland Realty Group
List Price
$490,000
Sold Price
$520,000
Premium/Discount to List
$30,000
6.12%
Total Days on Market
12
Views
73
Current Estimated Value
$506,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,903
Avg. Annual Appreciation
-1.03%
Original Mortgage
$502,645
Outstanding Balance
$494,889
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$15,907

Purchase Details

Listed on
Apr 4, 2022
Closed on
May 16, 2022
Sold by
Deans Bradley
Bought by
Baker Travis J
Seller's Agent
Sophia Weeks
RE/MAX Synergy
Buyer's Agent
Chris Lavallee
RE/MAX Synergy
List Price
$369,900
Sold Price
$402,000
Premium/Discount to List
$32,100
8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.86%
Original Mortgage
$394,718
Interest Rate
4.67%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 10, 2020
Sold by
Cjm Properties Llc
Bought by
Deans Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 26, 2019
Closed on
Sep 27, 2019
Sold by
Arrigo Ft and Arrigo
Bought by
Cjm Properties Llc
Seller's Agent
Lisa Berry
Simply Sell Realty
Buyer's Agent
A non PrimeMLS member
A Non PrimeMLS Agency
List Price
$199,900
Sold Price
$215,000
Premium/Discount to List
$15,100
7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.81%
Original Mortgage
$172,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2016
Sold by
Arrigo Richard C
Bought by
Arrigo Ft and Arrigo

Purchase Details

Listed on
Jul 12, 2013
Closed on
Aug 20, 2013
Sold by
Just Another Llc
Bought by
Arrigo Richard
Seller's Agent
Karin Provencher
RE/MAX Synergy
Buyer's Agent
Melissa Miller
Bean Group/ Stratham
List Price
$139,900
Sold Price
$115,000
Premium/Discount to List
-$24,900
-17.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.57%

Purchase Details

Closed on
Oct 28, 2011
Sold by
Cheney Earl J and Fnma
Bought by
Fnma

Purchase Details

Closed on
Sep 13, 2007
Sold by
Lehman James F and Citibank Na Tr
Bought by
Citibank Na Tr

Purchase Details

Closed on
Jan 31, 2006
Sold by
Sullivan Howard W and Sullivan Robin A
Bought by
Lehman James F

Purchase Details

Closed on
Oct 22, 1999
Sold by
Mckibben Dale L
Bought by
Sullivan Howard W and Sullivan Robin A

Purchase Details

Closed on
May 22, 1997
Sold by
Doyle Joanna M
Bought by
Mckibben Dale L

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
Macdougall Alder C $520,000 None Available
Macdougall Alder C $520,000 None Available
Baker Travis J $402,000 None Available
Baker Travis J $402,000 None Available
Deans Bradley $290,000 None Available
Deans Bradley $290,000 None Available
Cjm Properties Llc $190,000 --
Cjm Properties Llc $190,000 --
Arrigo Ft -- --
Arrigo Ft -- --
Arrigo Richard $115,000 --
Arrigo Richard $115,000 --
Fnma $145,300 --
Fnma $145,300 --
Citibank Na Tr $188,000 --
Citibank Na Tr $188,000 --
Lehman James F $220,000 --
Lehman James F $220,000 --
Sullivan Howard W $98,000 --
Sullivan Howard W $98,000 --
Mckibben Dale L $55,100 --
Mckibben Dale L $55,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macdougall Alder C $502,645
Closed Macdougall Alder C $502,645
Previous Owner Baker Travis J $394,718
Previous Owner Deans Bradley $220,000
Previous Owner Deans Bradley $217,500
Previous Owner Cjm Properties Llc $172,000
Previous Owner Mckibben Dale L $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2024 10/08/24 Off Market $2,400 -- --
10/03/2024 10/03/24 Price Changed $2,400 -4.0% $2 / Sq Ft
10/01/2024 10/01/24 For Rent $2,500 0.0% --
08/15/2023 08/15/23 Sold $520,000 +6.1% $192 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $490,000 +21.9% $181 / Sq Ft
05/17/2022 05/17/22 Sold $402,000 +0.5% $148 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/12/2022 04/12/22 Price Changed $399,900 +8.1% $147 / Sq Ft
04/04/2022 04/04/22 For Sale $369,900 +72.0% $136 / Sq Ft
10/10/2019 10/10/19 Sold $215,000 +7.6% $81 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/26/2019 08/26/19 For Sale $199,900 +73.8% $75 / Sq Ft
08/19/2013 08/19/13 Sold $115,000 -17.8% $43 / Sq Ft
08/04/2013 08/04/13 Pending -- -- --
07/12/2013 07/12/13 For Sale $139,900 +174.3% $52 / Sq Ft
05/11/2012 05/11/12 Sold $51,000 -68.1% $19 / Sq Ft
05/04/2012 05/04/12 Pending -- -- --
11/15/2011 11/15/11 For Sale $159,900 -- $60 / 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
2023 $7,064 $241,100 $30,100 $211,000
2022 $6,559 $233,500 $30,100 $203,400
2021 $6,514 $236,600 $30,100 $206,500
2020 $6,589 $236,600 $30,100 $206,500
2019 $6,324 $231,800 $30,100 $201,700
2018 $5,201 $154,900 $50,100 $104,800
2017 $5,126 $154,900 $50,100 $104,800
2016 $4,975 $154,900 $50,100 $104,800
2015 $4,996 $154,900 $50,100 $104,800
2014 $4,824 $154,900 $50,100 $104,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4959308

PrimeMLS

APN: SMSW-000011-000134