NOT LISTED FOR SALE
Studio
5 Baths
4,075 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: August 24, 2018

Last sale price $335,000 $82 Per Sq Ft

28 Days on Market

About This Home

As of August 2018

This five-unit investment property is located in the heart of the city. Featuring a mix of one and two bedroom units, this building has solid cash flow but includes room to grow rents. While the tenants are responsible for their own electric, cash flow could further be increased by separating out the heating and hot water in the building. This property has been professionally managed and maintained over the duration of ownership. If you're looking for an affordable addition to your investment portfolio, look no further. DISCLAIMER: One member of the selling entity is a licensed NH Real Estate Broker. Call Matthew Lefebvre of Elm Grove Realty at 603-554-2309 for more information.

Last Agent to Sell the Property

Matt Lefebvre

Downtown Realty License #070207 Listed on: 05/15/2018

Last Buyer's Agent

No MLS Listing Agent

No MLS Listing Office

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,683

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Colonial Architecture
  • Converted Dwelling
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 5 Full Bathrooms
  • 4,075 Sq Ft Home
  • 3-Story Property

Basement

  • Connecting Stairway
  • Interior Basement Entry

Parking

  • 110 Car Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 0010

Community Details

Overview

  • 5 Units

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $12,753
  • Gross Income $48,840
  • Net Operating Income $35,197

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,683

Year Built

Built in 1910

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Colonial, Conversion
  • Directions: South on NH-28 (Beech St) to Laurel Street. Laurel Street is a one-way (heading east). 196 Laurel located one building away from the corner of Laurel and Maple on the north side of the street.
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 82.21
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5505
  • Sq Ft - Apx Total Finished: 4075
  • Year Built: 1910
  • List Agent: 4927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, No Tenant Access, Stairs - Interior
  • Sq Ft - Apx Finished AG: 4075
  • Sq Ft - Apx Unfinished BG: 1430

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Aluminum
  • Foundation: Fieldstone, Granite
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown

Garage/Parking

  • Parking: Off Street, On Street, Parking Spaces 1 - 10

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Separate Utilities: Varies
  • Total Electric Meters: 5
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 1

Lot Info

  • Map: 0028
  • Lot: 0000
  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R3
  • Deed Book: 8786
  • Deed Page: 1301
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 48840
  • Net Income: 35197
  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 5683
  • Tax Year: 2017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Aug 27, 2018
Sold by
Bought by
Seller's Agent
Matt Lefebvre
Downtown Realty
Buyer's Agent
No MLS Listing Agent
No MLS Listing Office
List Price
$349,700
Sold Price
$335,000
Premium/Discount to List
-$14,700
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,725
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2015
Closed on
Sep 1, 2015
Sold by
Bought by
Seller's Agent
Abraham Dagher
Buyer's Agent
Abraham Dagher
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.63%
Original Mortgage
$225,000
Interest Rate
4.09%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$335,000 --
$235,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $227,158
Closed $244,725
Closed $230,000
Previous Owner $225,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2018 08/24/18 Sold $335,000 -4.2% $82 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $349,700 +48.8% $86 / Sq Ft
09/01/2015 09/01/15 Sold $235,000 +4.4% $56 / Sq Ft View Prior Sale
08/01/2015 08/01/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $225,000 -- $54 / Sq Ft
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,492 $433,700 $64,300 $369,400
2023 $8,180 $433,700 $64,300 $369,400
2022 $7,911 $433,700 $64,300 $369,400
2021 $7,668 $433,700 $64,300 $369,400
2020 $6,010 $243,700 $58,000 $185,700
2019 $5,927 $243,700 $58,000 $185,700
2018 $5,705 $243,700 $58,000 $185,700
2017 $5,863 $243,700 $58,000 $185,700
2016 $5,639 $243,700 $58,000 $185,700
2015 $5,998 $255,900 $60,100 $195,800
2014 $6,014 $255,900 $60,100 $195,800
2013 $5,801 $255,900 $60,100 $195,800
Source: Public Records

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Map

Source: PrimeMLS

MLS Number: 4692827

PrimeMLS
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