$975,000
SOLD SEP 25, 2024
5 Beds
3 Baths
2,193 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$445 Per Sq Ft

5% Above List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • 4-minute walk to Carter Park
  • Little Harbour School Rated A

About This Home

As of September 2024

Attention Investors and Owner occupied Buyers. Well maintained and Updated 3 Unit multi family property well located within walking distance to downtown Market Square, Prescott Park, local shops and restaurants, and an easy stroll over to the West End. All units are currently leased. Property consists of 2 x 2 bedroom units and 1 x 1 bedroom unit. Separate utilities with tenants responsible for heat, hot water and electricity. Common washer and dryer in basement. Property was updated in 2008 / 2009. On street parking. Great opportunity to invest in Portsmouth. Showings begin 8/17 at Open House from 1pm to 3pm.

Last Agent to Sell the Property

Jeffrey Mountjoy

The Aland Realty Group License #052524 Listed on: 08/14/2024

The Aland Realty Group

Last Buyer's Agent

Scott Rome

Compass New England, LLC License #072774

Compass New England, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,918

Year Built

  • Built in 1820

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Sloped Up

Parking

  • On-Street Parking

Home Design

  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,193 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Schools

  • Little Harbor Elementary School
  • Portsmouth Middle School
  • Portsmouth High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Available
  • Internet Available

Listing and Financial Details

  • Tax Lot 066
  • 16% Total Tax Rate

Community Details

Overview

  • 3 Units
  • Self Managed By Owner Association

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $11,494
  • Gross Income $66,300
  • Net Operating Income $54,806

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,918

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Take Middle Street to Union. Property located on right just before Austin Street.
  • Footprint: Irregular
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 444.6
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2391
  • Sq Ft - Apx Total Finished: 2193
  • Year Built: 1820
  • Remarks Public: Attention Investors and Owner occupied Buyers. Well maintained and Updated 3 Unit multi family property well located within walking distance to downtown Market Square, Prescott Park, local shops and restaurants, and an easy stroll over to the West End. All units are currently leased. Property consists of 2 x 2 bedroom units and 1 x 1 bedroom unit. Separate utilities with tenants responsible for heat, hot water and electricity. Common washer and dryer in basement. Property was updated in 2008 / 2009. On street parking. Great opportunity to invest in Portsmouth. Showings begin 8/17 at Open House from 1pm to 3pm.
  • List Agent: 13080
  • Display On Internet: Internet - Cable
  • Architectural Style: Other
  • ResoLotFeatures: Sidewalks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Laminate, Tile, Wood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Partial, Unfinished
  • Sq Ft - Apx Finished AG: 2193
  • Sq Ft - Apx Unfinished BG: 198

Exterior Features

  • Foundation: Brick, Fieldstone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Yes
  • Construction Type: Wood Frame, Vinyl Siding

Garage/Parking

  • Parking: On Street

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Unitil
  • Sewer: Public
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Electric Company: Eversource
  • Total Electric Meters: 4
  • Total Gas Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 1
  • Trash: Municipal
  • Utilities: Gas - On-Site
  • Water Source: Public

Condo/Co-op/Association

  • Management Company: Self Managed by Owner

Schools

  • School District: Portsmouth
  • Elementary School: Little Harbor School
  • Middle School: Portsmouth Middle School
  • High School: Portsmouth High School
  • Elementary School: Little Harbor School
  • High School: Portsmouth High School

Lot Info

  • Map: 0135
  • Lot: 066
  • Lot Sq Ft: 1742
  • Lot Acres: 0.04
  • Zoning: GRC
  • Deed Book: 6403
  • Deed Page: 1645
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 66300
  • Net Income: 54806
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Rate: 16.13
  • Tax Gross Amount: 9918
  • Tax Year: 2023

MLS Schools

  • School District: Portsmouth
  • School Middle Jr: Portsmouth Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Sep 25, 2024
Sold by
Triavoca High St Llc
Bought by
Adler
Seller's Agent
Jeffrey Mountjoy
The Aland Realty Group
Buyer's Agent
Scott Rome
Compass New England, LLC
List Price
$925,000
Sold Price
$975,000
Premium/Discount to List
$50,000
5.41%
Views
18
Current Estimated Value
$1,075,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,766
Avg. Annual Appreciation
3.93%
Original Mortgage
$500,000
Outstanding Balance
$497,246
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$515,711

Purchase Details

Listed on
Mar 28, 2022
Closed on
Apr 29, 2022
Sold by
Johnson Joel
Bought by
Triavoca High Street Llc
Seller's Agent
Tatjiana Shone
The Aland Realty Group
Buyer's Agent
Jeffrey Mountjoy
The Aland Realty Group
List Price
$829,000
Sold Price
$850,000
Premium/Discount to List
$21,000
2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%

Purchase Details

Closed on
Jul 1, 2015
Sold by
Johnson Rachel
Bought by
Johnson Joel
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 Type Sale Price Title Company
Warranty Deed $975,000 None Available
Warranty Deed $975,000 None Available
Warranty Deed $850,000 None Available
Warranty Deed $850,000 None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 Purchase Money Mortgage
Closed $500,000 Purchase Money Mortgage
Previous Owner $595,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $320,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $975,000 +5.4% $445 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $925,000 +8.8% $422 / Sq Ft
04/29/2022 04/29/22 Sold $850,000 +2.5% $388 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $829,000 -- $378 / 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 $9,966 $891,400 $406,200 $485,200
2023 $9,918 $614,900 $235,500 $379,400
2022 $9,346 $614,900 $235,500 $379,400
2021 $9,242 $614,900 $235,500 $379,400
2020 $9,039 $614,900 $235,500 $379,400
2019 $9,207 $619,600 $235,500 $384,100
2018 $8,743 $578,500 $230,100 $348,400
2017 $7,760 $541,100 $192,700 $348,400
2016 $7,199 $422,500 $148,300 $274,200
2015 $7,094 $422,500 $148,300 $274,200
2014 $6,947 $383,800 $154,300 $229,500
2013 $6,874 $383,800 $154,300 $229,500
2012 $6,736 $383,800 $154,300 $229,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5009680

PrimeMLS

APN: PRSM-000135-000066