Seller's Agent in 2021
Susan Latham
Century 21 Highview Realty
(603) 558-1030
20 in this area
56 Total Sales
165 S Main St Newport, NH 03773
Estimated Value: $369,594
11
Beds
8
Baths
7,480
Sq Ft
$49/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Covered Patio or Porch
- High Speed Internet
- Victorian Architecture
- Hot Water Heating System
- Level Lot
About This Home
As of October 2021The Gingerbread House. This 8 unit building has some great numbers and is priced to sell below assessed value! Plenty of off street parking in the rear, many long term tenants. There is room for the new owner to improve on the numbers, many long term tenants-below market rents. Will need some attention but well worth it at this price. There is a finished office and bath int he basement as well as good workshop space. Numbers based on the 7 units that are rented, one studio unit vacant and recently rehabbed will add additional $800.00 per month to gross.
Last Agent to Sell the Property
Century 21 Highview Realty License #061140 Listed on: 09/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,371
Year Built
- Built in 1920
Lot Details
- 0.48 Acre Lot
- Level Lot
Home Design
- Victorian Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Architectural Shingle Roof
- Clap Board Siding
Interior Spaces
- 8 Full Bathrooms
- 3-Story Property
Flooring
- Wood
- Carpet
- Vinyl
Basement
- Walk-Out Basement
- Apartment Living Space in Basement
Parking
- 510 Car Parking Spaces
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
Schools
- Richards Elementary School
- Newport Middle And High School
- Newport Middle High School
Utilities
- Hot Water Heating System
- Heating System Uses Oil
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 42
- 33% Total Tax Rate
Community Details
Overview
- 8 Units
Building Details
- Operating Expense $37,796
- Gross Income $81,756
- Net Operating Income $43,959
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2021
Closed on
Oct 7, 2021
Sold by
Gingerbread Mgmt Llc
Bought by
165 South Main St Llc
Seller's Agent
Susan Latham
Century 21 Highview Realty
Buyer's Agent
Susan Latham
Century 21 Highview Realty
List Price
$220,000
Sold Price
$287,500
Premium/Discount to List
$67,500
30.68%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,094
Avg. Annual Appreciation
9.19%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 165 South Main St Llc | $287,533 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 165 S Main St Llc | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/07/2021 10/07/21 | Sold | $287,500 | +30.7% | $38 / Sq Ft |
| 09/10/2021 09/10/21 | Pending | -- | -- | -- |
| 09/01/2021 09/01/21 | For Sale | $220,000 | -- | $29 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
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 | $8,739 | $359,500 | $76,300 | $283,200 |
| 2023 | $7,057 | $299,300 | $76,300 | $223,000 |
| 2022 | $6,255 | $299,300 | $76,300 | $223,000 |
| 2021 | $9,342 | $283,100 | $43,100 | $240,000 |
| 2020 | $9,371 | $283,100 | $43,100 | $240,000 |
| 2019 | $9,258 | $284,600 | $44,600 | $240,000 |
| 2018 | $8,571 | $284,600 | $44,600 | $240,000 |
| 2017 | $8,618 | $284,600 | $44,600 | $240,000 |
| 2016 | $8,470 | $294,800 | $44,700 | $250,100 |
| 2015 | $8,623 | $294,800 | $44,700 | $250,100 |
| 2014 | $9,327 | $294,800 | $44,700 | $250,100 |
| 2013 | -- | $294,800 | $44,700 | $250,100 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: PrimeMLS
MLS Number: 4880956
APN: NWPT-000117-042000
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