NOT LISTED FOR SALE

14 Lee St Unit A & B Somersworth, NH 03878

Estimated Value: $391,000 - $447,000

6 Beds
2 Baths
2,134 Sq Ft
$198/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $250,000 $117 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,928/month

10 Days on Market

Highlights

  • Deck
  • 1 Car Garage
  • Zoned Heating
  • New Englander Architecture
  • Parking Storage or Cabinetry
  • Garden

About This Home

As of March 2020

Well maintained duplex has a large 6 rm, 3 bedroom unit on the first floor with a one car garage and a 5 room 3 bedroom unit on the second floor. Property includes a one car detached garage, separate electric and the ability to easily separate the heat. At this time owner pays for heat but there are separate heating zones for each unit so would be easy to add a high efficiency wall mounted heating system for the other unit. property features small storage shed, fenced in back yard and deck for first floor unit. Live here and have the other unit help you with your monthly payment or rent our both for a good investment. Owner currently occupies both units so rents are projected using current market rents.

Last Agent to Sell the Property

Michael Hill

RE/MAX On the Move/Dover License #008578 Listed on: 01/21/2020

RE/MAX On the Move/Dover

Last Buyer's Agent

Melanie Bisson

Coldwell Banker Realty Portsmouth NH License #067996

Coldwell Banker Realty Portsmouth NH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,253

Year Built

  • Built in 1900

Lot Details

  • 8,973 Sq Ft Lot
  • Property has an invisible fence for dogs
  • Level Lot
  • Garden

Parking

  • 1 Car Garage
  • Parking Storage or Cabinetry
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Walk-Up Access
  • Connecting Stairway
  • Exterior Basement Entry
  • Sump Pump

Outdoor Features

  • Deck

Schools

  • Maple Wood Elementary School
  • Somersworth Middle School
  • Somersworth High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Exclusions: large shed in the yard
  • Tax Lot 129
  • 27% Total Tax Rate

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,000
  • Gross Income $37,200
  • Net Operating Income $23,947

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,253

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: New Englander
  • Directions: head into downtown Somersworth on High St., left on Indigo Hill Rd., right on Lee St. property on left
  • Flood Zone: Unknown
  • Footprint: 14x25+15X40+13x22
  • Assessment Year: 2019
  • Construction: Existing
  • Items Excluded: large shed in the yard
  • Total Stories: 2
  • Price Per Sq Ft: 117.15
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3020
  • Sq Ft - Apx Total Finished: 2134
  • Year Built: 1900
  • Remarks Public: Well maintained duplex has a large 6 rm, 3 bedroom unit on the first floor with a one car garage and a 5 room 3 bedroom unit on the second floor. Property includes a one car detached garage, separate electric and the ability to easily separate the heat. At this time owner pays for heat but there are separate heating zones for each unit so would be easy to add a high efficiency wall mounted heating system for the other unit. property features small storage shed, fenced in back yard and deck for first floor unit. Live here and have the other unit help you with your monthly payment or rent our both for a good investment. Owner currently occupies both units so rents are projected using current market rents.
  • List Agent: 20806
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl
  • Total Rooms Above Ground: 11
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Bulkhead, Partial, Stairs - Exterior, Sump Pump, Unfinished, Exterior Access
  • Sq Ft - Apx Finished AG: 2134
  • Sq Ft - Apx Unfinished BG: 886

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Vinyl
  • Foundation: Below Frost Line, Brick, Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Deck, Fence - Dog, Garden Space

Garage/Parking

  • Garage Capacity: 1
  • Parking: Driveway, Off Street, Parking Spaces 6+, Paved
  • Garage: Yes
  • Garage Description: Direct Entry, Storage Above
  • Garage Type: Detached

Utilities

  • Cable Company: Comcast
  • Electric: 100 Amp, 200 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Free Standing
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Multi Zone
  • Electric Company: Eversource
  • Phone Company: Comcast
  • Separate Utilities: Varies
  • Total Electric Meters: 2
  • Total Heat Units: 1
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Curbside, Municipal
  • Utilities: Cable - Available

Condo/Co-op/Association

  • Management Company: owner

Schools

  • School District: Somersworth
  • Elementary School: Maple Wood Elementary
  • Middle School: Somersworth Middle School
  • High School: Somersworth High School
  • Elementary School: Maple Wood Elementary
  • High School: Somersworth High School

Lot Info

  • Map: 3
  • Lot: 129
  • Lot Sq Ft: 8973
  • Lot Acres: 0.206
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: R1 A
  • Deed Book: 1936
  • Deed Page: 280
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: A & B

Multi Family

  • Gross Income: 37200
  • Net Income: 23947
  • Sale Includes: Land/Building, Outbuilding
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Rate: 27.28
  • Tax Gross Amount: 6253
  • Tax Year: 2019

MLS Schools

  • School District: Somersworth
  • School Middle Jr: Somersworth Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 27, 2020
Sold by
Michaud John N and Michaud Nancy J
Bought by
Quigley Sarah M
Seller's Agent
Michael Hill
RE/MAX On the Move/Dover
Buyer's Agent
Melanie Bisson
Coldwell Banker Realty Portsmouth NH
List Price
$240,000
Sold Price
$250,000
Premium/Discount to List
$10,000
4.17%
Current Estimated Value
$423,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,456
Avg. Annual Appreciation
10.42%
Original Mortgage
$245,471
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 1, 1997
Sold by
Lois M Abbott Lt
Bought by
Michaud John N and Michaud Nancy Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,452
Interest Rate
7.81%
Source: Public Records

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
Quigley Sarah M $250,000 None Available
Quigley Sarah M $250,000 None Available
Michaud John N $61,500 --
Michaud John N $61,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quigley Sarah M $244,000
Closed Quigley Sarah M $245,471
Previous Owner Michaud John N $95,400
Previous Owner Michaud John N $61,452
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $250,000 +4.2% $117 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $240,000 -- $112 / 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 $6,833 $365,400 $71,300 $294,100
2023 $6,730 $229,700 $32,100 $197,600
2022 $6,452 $229,700 $32,100 $197,600
2021 $6,324 $229,700 $32,100 $197,600
2020 $6,397 $229,700 $32,100 $197,600
2019 $6,253 $229,200 $32,100 $197,100
2018 $4,961 $148,500 $53,500 $95,000
2017 $4,917 $148,600 $53,500 $95,100
2016 $4,773 $148,600 $53,500 $95,100
2015 $4,792 $148,600 $53,500 $95,100
2014 $4,627 $148,600 $53,500 $95,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4791052

PrimeMLS

APN: SMSW-000003-000129