NOT LISTED FOR SALE

Estimated Value: $602,134 - $781,000

6 Beds
2 Baths
2,288 Sq Ft
$298/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $440,000 $192 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,387/month

62 Days on Market

Highlights

  • 2 Acre Lot
  • 3 Car Direct Access Garage
  • Baseboard Heating
  • Wooded Lot
  • Parking Storage or Cabinetry
  • High Speed Internet

About This Home

As of November 2021

Come enjoy the benefits of living in an 1850's 2-family home in historic Salem NH. Live in one unit while tenant lives in the other applying rental income to your mortgage or rent out both units or convert this house back to the expansive 6bdrm/2ba single family home it once was! The possibilities are endless! The downstairs apt is currently rented, while the upstairs apt is ready and awaiting your arrival. Attached to the home is a magnificent old post and beam barn with immense space to hold all your belongings and your vehicles!. This barn is actually 3 stories tall with a lower “basement”, the main barn (with 2 horse stalls) and an upper level for storing all your hay (or your stuff). The backyard of this home is expansive with a lovely green lawn surrounded by trees providing shade and privacy and beyond the lawn is another acre of land. A new 2-family septic system installed in 2015 & a new roof installed in 2019. Many of the appliances in the home are almost new. The lower unit has a 2021 remodeled bathroom and the upper unit a new kitchen floor. The wide pine floors downstairs & the upstairs hardwood floors have been recently refinished. With these improvements all the expensive repairs to this home have been done for you! Centrally located, this home is 2 miles to the expanding Tuscan Village and all the shopping and restaurants that Salem has to offer, 2 miles east to route 93, and 4 miles west to route 495 and only 40 mins to the seacoast!

Last Agent to Sell the Property

Sonya Schreiner

Allison James Estates and Homes License #062153 Listed on: 06/16/2021

Last Buyer's Agent

Elizabeth Smith

Keller Williams Realty Evolution License #069163

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,234

Year Built

  • Built in 1850

Lot Details

  • 2 Acre Lot
  • Lot Sloped Up
  • Wooded Lot

Parking

  • 3 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Automatic Garage Door Opener

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Unfinished Basement

  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Dirt Floor

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Oil
  • Separate Meters
  • 220 Volts
  • 110 Volts
  • Oil Water Heater
  • Septic Tank
  • Shared Septic
  • Leach Field
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 1623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,234

Year Built

Built in 1850

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Style: Conversion, Multi-Family
  • Directions: From I93 Take exit 3 for NH-111 E toward N Salem Use any lane to turn left onto NH-111 E Turn right onto Range Rd Continue straight onto Lake St Continue onto School St
  • Assessment Amount: 328500
  • Assessment Year: 2020
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 192.31
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4112
  • Sq Ft - Apx Total Finished: 2288
  • Year Built: 1850
  • Remarks Public: Come enjoy the benefits of living in an 1850's 2-family home in historic Salem NH. Live in one unit while tenant lives in the other applying rental income to your mortgage or rent out both units or convert this house back to the expansive 6bdrm/2ba single family home it once was! The possibilities are endless! The downstairs apt is currently rented, while the upstairs apt is ready and awaiting your arrival. Attached to the home is a magnificent old post and beam barn with immense space to hold all your belongings and your vehicles!. This barn is actually 3 stories tall with a lower “basement”, the main barn (with 2 horse stalls) and an upper level for storing all your hay (or your stuff). The backyard of this home is expansive with a lovely green lawn surrounded by trees providing shade and privacy and beyond the lawn is another acre of land. A new 2-family septic system installed in 2015 & a new roof installed in 2019. Many of the appliances in the home are almost new. The lower unit has a 2021 remodeled bathroom and the upper unit a new kitchen floor. The wide pine floors downstairs & the upstairs hardwood floors have been recently refinished. With these improvements all the expensive repairs to this home have been done for you! Centrally located, this home is 2 miles to the expanding Tuscan Village and all the shopping and restaurants that Salem has to offer, 2 miles east to route 93, and 4 miles west to route 495 and only 40 mins to the seacoast!
  • List Agent: 25602
  • L O1 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt Floor, Unfinished, Interior Access, Exterior Access, Stairs - Basement
  • Sq Ft - Apx Finished AG: 2288
  • Sq Ft - Apx Unfinished AG: 1032
  • Sq Ft - Apx Unfinished BG: 792

Exterior Features

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

Garage/Parking

  • Garage Capacity: 3
  • Garage: Yes
  • Garage Description: Auto Open, Direct Entry, Storage Above

Utilities

  • Electric: 110 Volt, 220 Volt, Circuit Breaker(s)
  • Sewer: 1500+ Gallon, Concrete, Leach Field - On-Site, Septic Shared
  • Water: Public
  • Water Heater: Electric, Free Standing, Off Boiler, Oil, Separate
  • Heating Fuel: Oil
  • Heating: Baseboard, Radiator
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Internet - Cable

Lot Info

  • Map: 75
  • Lot: 1623
  • Lot Sq Ft: 87120
  • Lot Acres: 2
  • Lot Description: Sidewalks, Sloping, Wooded
  • Surveyed: Yes
  • Zoning: RES
  • Deed Book: 4876
  • Deed Page: 2938
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 7234
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2022
Sold by
Drolette Zachary R
Bought by
Drolette Zachary R and Niro Michaella M
Current Estimated Value
$682,784

Purchase Details

Listed on
Jun 16, 2021
Closed on
Nov 12, 2021
Sold by
Schreiner Timothy J
Bought by
Drolette Zachary R
Seller's Agent
Sonya Schreiner
Allison James Estates and Homes
Buyer's Agent
Elizabeth Smith
Keller Williams Realty Evolution
List Price
$529,000
Sold Price
$440,000
Premium/Discount to List
-$89,000
-16.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.59%
Original Mortgage
$432,030
Interest Rate
3.01%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2017
Sold by
Meissner Robert R
Bought by
Schreiner Timothy J

Purchase Details

Closed on
Jan 9, 2008
Sold by
Demers David J and Mazalewski Michael J
Bought by
Schreiner Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,600
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Drolette Zachary R -- None Available
Drolette Zachary R -- None Available
Drolette Zachary R $440,000 None Available
Drolette Zachary R $440,000 None Available
Schreiner Timothy J -- --
Schreiner Timothy J -- --
Schreiner Timothy J $307,000 --
Schreiner Timothy J $307,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drolette Zachary R $432,030
Previous Owner Schreiner Timothy J $231,747
Previous Owner Schreiner Timothy J $245,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $440,000 +1.1% $192 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/30/2021 07/30/21 Price Changed $435,000 -9.2% $190 / Sq Ft
07/02/2021 07/02/21 Price Changed $479,000 -9.5% $209 / Sq Ft
06/16/2021 06/16/21 For Sale $529,000 -- $231 / 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 $8,089 $459,600 $187,900 $271,700
2023 $7,795 $459,600 $187,900 $271,700
2022 $7,377 $459,600 $187,900 $271,700
2021 $7,100 $444,300 $187,900 $256,400
2020 $7,234 $328,500 $138,800 $189,700
2019 $7,220 $328,500 $138,800 $189,700
2018 $6,966 $328,500 $138,800 $189,700
2017 $6,605 $328,500 $138,800 $189,700
2016 $6,605 $323,300 $133,600 $189,700
2015 $6,573 $307,300 $130,800 $176,500
2014 $6,389 $307,300 $130,800 $176,500
2013 $6,287 $307,300 $130,800 $176,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4867173

PrimeMLS

APN: SLEM-000075-001623