NOT LISTED FOR SALE

1621 Ocean Blvd Rye, NH 03870

Estimated Value: $1,537,000 - $1,666,000

5 Beds
4 Baths
2,548 Sq Ft
$629/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $1,299,000 $510 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,826/month

15 Days on Market

Highlights

  • Water Views
  • Docks
  • Wood Flooring
  • Rye Elementary School Rated A
  • Beach Access
  • Covered patio or porch

About This Home

As of August 2020

This fabulous duplex boasts spectacular ocean views out the front and marsh views to the back of the house. Outdoor decks that wrap around the house providing plenty of space for entertaining and relaxing. This is a 2-family duplex that could easily be turned into a single family residence or live in one and receive rental income. The owner's unit is able to command $3,000 or more per month. It features two bedrooms, two baths, an updated granite kitchen, new appliances, hardwood floors, a beach stone gas fireplace and much more. The second apartment has 3 bedrooms and one bath and is currently leased at $2650/month plus utilities. All the units have washer, dryer and private decks and walkouts. The house has a 2-car attached heated garage and plenty of additional parking. Move in ready and enjoy the sunrises, the sunsets, direct access to the beach, drop your paddle board in, take a quick ride to downtown Portsmouth, go surfing right down the road at Jenness Beach. So much can be enjoyed at this wonderful beach house! Great turnkey investment! Showings begin Friday, July 31st.

Last Listed By

Hank Beresin

The Aland Realty Group Brokerage Phone: 800-450-7784 License #070176 Listed on: 07/26/2020

The Aland Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,055

Year Built

  • Built in 1885

Lot Details

  • 0.26 Acre Lot
  • Property has an invisible fence for dogs
  • Lot Sloped Up
  • Garden

Parking

  • 2 Car Attached Garage
  • Stone Driveway
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,548 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Walk-Out Basement

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Outdoor Features

  • Beach Access
  • Docks
  • Covered patio or porch
  • Outdoor Storage

Schools

  • Rye Elementary School
  • Rye Junior High School
  • Portsmouth High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Separate Meters
  • 200+ Amp Service
  • Liquid Propane Gas Water Heater
  • Septic Tank
  • Leach Field
  • High Speed Internet

Listing and Financial Details

  • Tax Block 24

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Gross Income $67,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,055

Year Built

Built in 1885

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 509.81
  • Year Built: 1885
  • Remarks Public: This fabulous duplex boasts spectacular ocean views out the front and marsh views to the back of the house. Outdoor decks that wrap around the house providing plenty of space for entertaining and relaxing. This is a 2-family duplex that could easily be turned into a single family residence or live in one and receive rental income. The owner's unit is able to command $3,000 or more per month. It features two bedrooms, two baths, an updated granite kitchen, new appliances, hardwood floors, a beach stone gas fireplace and much more. The second apartment has 3 bedrooms and one bath and is currently leased at $2650/month plus utilities. All the units have washer, dryer and private decks and walkouts. The house has a 2-car attached heated garage and plenty of additional parking. Move in ready and enjoy the sunrises, the sunsets, direct access to the beach, drop your paddle board in, take a quick ride to downtown Portsmouth, go surfing right down the road at Jenness Beach. So much can be enjoyed at this wonderful beach house! Great turnkey investment! Showings begin Friday, July 31st.
  • List Agent: 15894
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Combination, Ceramic Tile, Carpet, Hardwood
  • Total Rooms Above Ground: 14
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete Floor
  • Sq Ft - Apx Finished AG: 2548

Exterior Features

  • Construction: Timber Frame
  • Driveway: Crushed Stone
  • Exterior: Concrete, Shingle, Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Fence - Invisible Pet, Garden Space, Porch - Covered, Storage, Docks, Beach Access

Garage/Parking

  • Garage Capacity: 2
  • Parking: Assigned, Garage, Off Street, On-Site
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: 200 Amp
  • Sewer: Leach Field, On-Site Septic Exists
  • Water: Public
  • Water Heater: Gas - LP/Bottle, Owned
  • Heating Fuel: Electric, Gas - LP/Bottle
  • Heating: Baseboard, Electric, Gas Heater
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Gas - Lp/Bottle, Internet - Cable

Schools

  • Elementary School: Rye Elementary School
  • Middle School: Rye Junior High School
  • High School: Portsmouth High School
  • Elementary School: Rye Elementary School
  • High School: Portsmouth High School

Lot Info

  • Map: 13
  • Lot Sq Ft: 11326
  • Lot Acres: 0.26
  • Lot Description: Water View, Beach Access
  • Surveyed: Unknown
  • Zoning: GRES
  • Deed Book: 5968
  • Deed Page: 0601
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 67800
  • Total Full Baths: 4
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 8055
  • Tax Year: 2019

MLS Schools

  • School Middle Jr: Rye Junior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2015
Sold by
Makmann Sandra R
Bought by
Sandra R Makmann Ret and Makmann
Total Days on Market
15
Current Estimated Value
$1,602,234

Purchase Details

Listed on
Jul 8, 2014
Closed on
Jul 16, 2015
Sold by
Timothy K Horton Ret and Horton
Bought by
Makmann Sandra R and Martin Matthew G
Seller's Agent
Lauren Stone
Carey Giampa, LLC/Rye
Buyer's Agent
Dave Lefebvre
Brick & Barn Real Estate Group/Seacoast
List Price
$899,900
Sold Price
$833,000
Premium/Discount to List
-$66,900
-7.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$655,000
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 13, 1999
Sold by
Horan Justin T
Bought by
Russo Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
7.8%
Mortgage Type
Commercial

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
Sandra R Makmann Ret -- --
Makmann Sandra R $833,000 --
Russo Karen $322,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sommer Lisa B $1,200,000
Closed Sandra R Makmann Ret $80,000
Previous Owner Russo Karen $655,000
Previous Owner Russo Karen $60,000
Previous Owner Russo Karen $222,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $1,299,000 0.0% $510 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/26/2020 07/26/20 For Sale $1,299,000 +55.9% $510 / Sq Ft
07/24/2015 07/24/15 Sold $833,000 +34608.3% $285 / Sq Ft
06/21/2015 06/21/15 Pending -- -- --
11/20/2014 11/20/14 Rented $2,400 -99.7% --
10/21/2014 10/21/14 Under Contract -- -- --
07/08/2014 07/08/14 For Sale $899,900 0.0% $308 / Sq Ft
09/16/2012 09/16/12 For Rent $2,500 -- --
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 $11,314 $1,409,000 $1,164,400 $244,600
2022 $9,835 $1,409,000 $1,164,400 $244,600
2021 $7,360 $720,200 $438,400 $281,800
2020 $3,148 $746,500 $438,400 $308,100
2019 $7,629 $746,500 $438,400 $308,100
2018 $7,547 $746,500 $438,400 $308,100
2017 $410 $746,500 $438,400 $308,100
2016 $5,982 $572,200 $265,700 $306,500
2013 $8,051 $733,900 $434,600 $299,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4818802

PrimeMLS

APN: RYEE-000013-000000-000024