Seller's Agent in 2022
Gregory McCarthy
Keller Williams Realty-Metropolitan
(603) 860-8362
4 in this area
153 Total Sales
203 Alsace St Manchester, NH 03102
Rimmon Heights NeighborhoodEstimated Value: $531,338 - $606,000
5
Beds
2
Baths
3,054
Sq Ft
$182/Sq Ft
Est. Value
Highlights
- Deck
- Covered Patio or Porch
- Landscaped
- Wood Flooring
- 1 Car Detached Garage
- Baseboard Heating
About This Home
As of February 2022A lot of opportunity for the savvy investor or owner occupant! Located in a neighborhood of Single-Family and 2 Family homes off Bremer St in one of the Westside's more desirable neighborhoods. Rents are way below market value. One unit is owner occupied, the other has extended family living in it. Each unit is 1,527 sq ft. Based on numbers from the NH Housing 2020 survey; the market rent for the 2-bedroom unit should be a minimum of $1,413 a month. Other 3-bedroom units in the area rent for $1,600 a month and higher. Using these numbers, that is a cap rate around 9%! This building is solid! In 2018 through SNH Services Winter Program, blown-in insulation was added to the attic and walls in addition to weather stripping to the vinyl windows. This building is solid and has vinyl siding, separate utilities, natural gas heat & hot water, 10+ yr. old roof, 3 yr. & 8+ yr. old boilers, circuit breakers, owner's electrical panel, 3 yr. & 5 yr. old hot water tanks. Units could use some updating and the exterior trim & railings will need to be repainted. Owner will have a new COC in place prior to closing.
Last Agent to Sell the Property
Keller Williams Realty-Metropolitan License #052514 Listed on: 11/23/2021
Last Buyer's Agent
Jordan Lynes
Fathom Realty NH License #075125
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,695
Year Built
- Built in 1920
Lot Details
- 6,534 Sq Ft Lot
- Property is Fully Fenced
- Landscaped
- Level Lot
Parking
- 1 Car Detached Garage
Home Design
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 3,054 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Interior and Exterior Basement Entry
Flooring
- Wood
- Vinyl
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Northwest Elementary School
- Parkside Middle School
- Manchester West High School
Utilities
- Radiator
- Baseboard Heating
- Heating System Uses Natural Gas
- Separate Meters
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 0030
Community Details
Recreation
- Trails
Additional Features
- 2 Units
- 2 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 23, 2021
Closed on
Feb 11, 2022
Sold by
Sylvia Judyann A
Bought by
Lambert Darlene G
Seller's Agent
Gregory McCarthy
Keller Williams Realty-Metropolitan
Buyer's Agent
Jordan Lynes
Fathom Realty NH
List Price
$398,000
Sold Price
$386,000
Premium/Discount to List
-$12,000
-3.02%
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
$171,085
Avg. Annual Appreciation
9.85%
Original Mortgage
$289,500
Outstanding Balance
$269,875
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$270,381
Purchase Details
Closed on
May 25, 2021
Sold by
Sylvia Robert M and Sylvia Judyann A
Bought by
Sylvia Judyann A
Purchase Details
Closed on
Nov 23, 1999
Sold by
Durgin Diane Y
Bought by
Sylvia Robert M and Sylvia Judyann A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
7.76%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lambert Darlene G | $386,000 | None Available | |
| Sylvia Judyann A | -- | None Available | |
| Sylvia Robert M | $143,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lambert Darlene G | $289,500 | |
| Previous Owner | Sylvia Robert M | $20,000 | |
| Previous Owner | Sylvia Robert M | $20,000 | |
| Previous Owner | Sylvia Robert M | $222,600 | |
| Previous Owner | Sylvia Robert M | $114,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/11/2022 02/11/22 | Sold | $386,000 | -3.0% | $126 / Sq Ft |
| 12/17/2021 12/17/21 | Pending | -- | -- | -- |
| 11/23/2021 11/23/21 | For Sale | $398,000 | -- | $130 / 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 | $7,552 | $385,700 | $87,800 | $297,900 |
| 2023 | $7,248 | $384,300 | $87,800 | $296,500 |
| 2022 | $7,010 | $384,300 | $87,800 | $296,500 |
| 2021 | $6,695 | $378,700 | $87,800 | $290,900 |
| 2020 | $5,659 | $229,500 | $60,600 | $168,900 |
| 2019 | $5,581 | $229,500 | $60,600 | $168,900 |
| 2018 | $5,373 | $229,500 | $60,600 | $168,900 |
| 2017 | $5,136 | $229,500 | $60,600 | $168,900 |
| 2016 | $5,311 | $229,500 | $60,600 | $168,900 |
| 2015 | $4,878 | $208,100 | $60,600 | $147,500 |
| 2014 | $4,890 | $208,100 | $60,600 | $147,500 |
| 2013 | $4,718 | $208,100 | $60,600 | $147,500 |
Source: Public Records
Agents Affiliated with this Home
-
Gregory McCarthy
-
J
Buyer's Agent in 2022
Jordan Lynes
Fathom Realty NH
Map
Source: PrimeMLS
MLS Number: 4891593
APN: MNCH-000317-000000-000030
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