NOT LISTED FOR SALE

16 Elm St Pittsfield, NH 03263

8 Beds
6 Baths
5,856 Sq Ft
0.67 Acres

Last Sold February 26, 2021

Last sale price $324,900 $55 Per Sq Ft

57 Days on Market

About This Home

As of February 2021

Perfect opportunity to own a mixed use building between 4 apartments and long lease pizza restaurant on the first floor[updated electrical ,mechanical, and gas] , plus parking lot ( separate lot -12 Elm street) include for 22 parking space for your tenants and extra income for renting parking space for neighboring apartment / business , the building has 3-2 bedroom and 1 -3 bedroom apartments . Agent has ownership interest. Showings begin Mon October 19th.

Last Agent to Sell the Property

Mike Suliman

Century 21 Circa 72 Inc. License #075944 Listed on: 10/15/2020

Century 21 Circa 72 Inc.

Last Buyer's Agent

Summer Cherry

EXP Realty

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,022

Year Built

  • Built in 1892

Lot Details

  • 0.67 Acre Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 3-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 21 Car Parking Spaces
  • Paved Parking

Schools

  • Pittsfield Elementary School
  • Pittsfield Middle School
  • Pittsfield High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Restaurant equipment belongs to tenant.
  • Tax Lot 97 & 98

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $22,342
  • Gross Income $67,750
  • Net Operating Income $45,408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,022

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Rte. 28 North , Right at the light on Laevite Rd , Left on to Main street, Left on Elm Street , Building on the Right
  • Construction: Existing
  • Items Excluded: Restaurant equipment belongs to tenant.
  • Total Stories: 3
  • Price Per Sq Ft: 55.48
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 9752
  • Sq Ft - Apx Total Finished: 7816
  • Property Type: Multi-Family
  • Year Built: 1892
  • Remarks Public: Perfect opportunity to own a mixed use building between 4 apartments and long lease pizza restaurant on the first floor[updated electrical ,mechanical, and gas] , plus parking lot ( separate lot -12 Elm street) include for 22 parking space for your tenants and extra income for renting parking space for neighboring apartment / business , the building has 3-2 bedroom and 1 -3 bedroom apartments . Agent has ownership interest. Showings begin Mon October 19th.
  • L A1 M M S I Memberkey: 622322
  • List Agent: 285488
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 69020
  • S A1 M M S I Memberkey: 622294
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 71657
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full
  • Sq Ft - Apx Finished AG: 5856
  • Sq Ft - Apx Finished BG: 1960
  • Sq Ft - Apx Unfinished BG: 1936

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Granite
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Membrane

Garage/Parking

  • Parking: Parking Spaces 21+

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Hot Water
  • Total Heat Units: 3
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 2
  • Utilities: Cable

Schools

  • School District: Pittsfield
  • Elementary School: Pittsfield Elementary
  • Middle School: Pittsfield Middle School
  • High School: Pittsfield High School
  • Elementary School: Pittsfield Elementary
  • High School: Pittsfield High School

Lot Info

  • Map: U03
  • Lot: 97 & 98
  • Lot Sq Ft: 29185
  • Lot Acres: 0.67
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: 20-Commercial
  • Deed Book: 3128 & 3276
  • Deed Page: 287 & 1818
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 67750
  • Net Income: 45408
  • Total Units: 5
  • Total2 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2019
  • Tax Gross Amount: 7022
  • Tax Year: 2019

MLS Schools

  • School District: Pittsfield
  • School Middle Jr: Pittsfield Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Feb 24, 2021
Sold by
16 Elm St Vlg Pizza Llc
Bought by
16 Elm St Llc
Seller's Agent
Mike Suliman
Century 21 Circa 72 Inc.
Buyer's Agent
Summer Cherry
EXP Realty
List Price
$324,900
Sold Price
$324,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,200
Outstanding Balance
$233,933
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2009
Sold by
Mtglq Investors Llc
Bought by
Suliman Magdi L and Suliman Visitacion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2009
Sold by
Latti David M
Bought by
Litton Loan Servcing L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2005
Sold by
Macedonia T
Bought by
Latti David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
16 Elm St Llc $324,933 None Available
Suliman Magdi L $110,000 --
Litton Loan Servcing L $127,500 --
Latti David M $250,000 --
Latti David M $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 16 Elm St Llc $259,200
Previous Owner Latti David M $88,000
Previous Owner Latti David M $325,125
Previous Owner Latti David M $202,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $324,900 0.0% $42 / Sq Ft
12/11/2020 12/11/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $324,900 -- $42 / 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 $7,405 $247,900 $29,000 $218,900
2023 $6,190 $247,900 $29,000 $218,900
2022 $5,895 $247,900 $29,000 $218,900
2020 $6,128 $247,900 $29,000 $218,900
2019 $7,022 $213,700 $12,700 $201,000
2018 $7,127 $213,700 $12,700 $201,000
2017 $7,150 $213,700 $12,700 $201,000
2016 $8,595 $266,500 $12,700 $253,800
2015 $8,070 $266,500 $12,700 $253,800
2014 $6,793 $233,200 $26,700 $206,500
2013 $7,082 $230,100 $26,700 $203,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mike Suliman

    Century 21 Circa 72 Inc.

    (603) 290-3507

    1 in this area

    2 Total Sales

    Mike Suliman
    Section Image

  • S

    Buyer's Agent in 2021

    Summer Cherry

    EXP Realty

    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4834369

PrimeMLS

APN: PTFD-000003-000000-000098-U000000

New Hampshire Merrimack County Pittsfield 03263

16 Elm St, Pittsfield, NH

This home is located at 16 Elm St, Pittsfield, NH 03263 since 15 October 2020. This property was built in 1892. 16 Elm St is a home located in Merrimack County with nearby schools including Pittsfield Elementary School and Pittsfield High School.

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