NOT LISTED FOR SALE

181 Cole St Berlin, NH 03570

Estimated Value: $206,000 - $244,000

-- Bed
3 Baths
2,963 Sq Ft
$74/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $155,000 $52 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,698/month

101 Days on Market

Highlights

  • Hot Water Heating System
  • Level Lot
  • 4-minute walk to Mollidgewock State Park

About This Home

As of July 2021

4 unit renovated multi family with a central location. First floor would make a great spot for your new business adventure with rents covering all expenses. 3 of the 4 are rented at this time with the 4th unit ready to be rented. Vinyl exterior, newer 30 year roof and 2 means of egress makes this a great investment. Current gross monthly rent for the 3 units that are rented is $25800 per year. 4th unit should rent for at least 650 a month bringing gross yearly rents up to $33,600. Serious inquiries only please!

Last Agent to Sell the Property

Christopher Lunn

RE/MAX Northern Edge Realty LLC License #059685 Listed on: 03/11/2021

RE/MAX Northern Edge Realty LLC

Last Buyer's Agent

Christopher Lunn

RE/MAX Northern Edge Realty LLC License #059685 Listed on: 03/11/2021

RE/MAX Northern Edge Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,155

Year Built

  • Built in 1890

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,963 Sq Ft Home
  • 2.5-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Dirt Driveway
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil

Community Details

  • 4 Units
  • Operating Expense $6,600

Listing and Financial Details

  • Tax Lot 120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,155

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Level
  • Directions: Downtown, Cole St is off Mason street
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 52.31
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4163
  • Sq Ft - Apx Total Finished: 2963
  • Property Type: Multi-Family
  • Year Built: 1890
  • Remarks Public: 4 unit renovated multi family with a central location. First floor would make a great spot for your new business adventure with rents covering all expenses. 3 of the 4 are rented at this time with the 4th unit ready to be rented. Vinyl exterior, newer 30 year roof and 2 means of egress makes this a great investment. Current gross monthly rent for the 3 units that are rented is $25800 per year. 4th unit should rent for at least 650 a month bringing gross yearly rents up to $33,600. Serious inquiries only please!
  • L A1 M M S I Memberkey: 21803
  • List Agent: 12549
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 70905
  • S A1 M M S I Memberkey: 21803
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 70905
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2963
  • Sq Ft - Apx Unfinished BG: 1200

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Architectural

Garage/Parking

  • Parking: Assigned, Off Street

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public Sewer at Street
  • Water: Public Water - At Street
  • Water Heater: Off Boiler
  • Heating Fuel: Oil
  • Heating: Hot Water
  • Separate Utilities: Varies

Schools

  • School District: Berlin School District SAU #3

Lot Info

  • Map: 119
  • Lot: 120
  • Lot Sq Ft: 5663
  • Lot Acres: 0.13
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: Business General
  • Deed Book: 1464
  • Deed Page: 123
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 3155
  • Tax Year: 2019

MLS Schools

  • School District: Berlin School District SAU #3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
Jul 16, 2021
Sold by
National Ems Inst Inc
Bought by
Germaine Mary A
Seller's Agent
Christopher Lunn
RE/MAX Northern Edge Realty LLC
Buyer's Agent
Christopher Lunn
RE/MAX Northern Edge Realty LLC
List Price
$185,000
Sold Price
$155,000
Premium/Discount to List
-$30,000
-16.22%
Current Estimated Value
$219,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,159
Avg. Annual Appreciation
8.71%

Purchase Details

Closed on
May 2, 2017
Sold by
Coulombe Dawn C and Perrella Alison
Bought by
National Ems Institute

Purchase Details

Closed on
Sep 1, 2006
Sold by
Lee J Coulombe Inc
Bought by
Grand School Prop Grou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.54%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Germaine Mary A $155,000 None Available
National Ems Institute $20,000 --
Grand School Prop Grou $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grand School Prop Grou $10,000
Previous Owner Grand School Prop Grou $465,000
Previous Owner Grand School Prop Grou $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $155,000 -16.2% $52 / Sq Ft
06/20/2021 06/20/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $185,000 0.0% $62 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
04/19/2021 04/19/21 Price Changed $185,000 -14.0% $62 / Sq Ft
03/11/2021 03/11/21 For Sale $215,000 -- $73 / 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 $6,076 $196,700 $15,500 $181,200
2023 $5,291 $196,700 $15,500 $181,200
2022 $5,575 $204,500 $15,500 $189,000
2021 $3,325 $91,000 $8,200 $82,800
2020 $3,270 $91,000 $8,200 $82,800
2018 $3,102 $79,000 $6,100 $72,900
2017 $4,209 $107,400 $6,100 $101,300
2016 $4,209 $107,400 $6,100 $101,300
2014 $3,759 $112,700 $13,900 $98,800
2013 $3,719 $112,700 $13,900 $98,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4850449

PrimeMLS

APN: BELN-000119-000120