Seller's Agent in 2024
Will Peck
Horvath & Tremblay LLC
(207) 712-6402
1 in this area
30 Total Sales
204 N Main St Concord, NH 03301
North End Neighborhood
--
Bed
5
Baths
10,295
Sq Ft
0.5
Acres
About This Home
As of March 2024The Property consists of four adjacent parcels of land and three two-story buildings with ten total units comprised of two commercial units, five 2-Bedroom units, two 1-Bedroom units, and one 1+ Bedroom unit. The Property features ample off-street parking and offers a stable income stream with significant upside in the existing residential rents, and through the lease up of the vacant 1,800 sq ft commercial unit. 204 N Main Street contains five units comprised of one commercial tenant (Gaslighter), three 2-Bedroom units, and one 1-Bedroom unit. 204.5 N Main Street contains two units comprised of one 2-Bedroom unit and one 1-Bedroom unit. 206 N Main Street is a 0.06-acre lot that has recently been converted into an attractive patio and green space for the commercial and residential tenants. 208 N Main Street contains three total units comprised of one commercial tenant (vacant), one 2-Bedroom unit, and one 1+ Bedroom unit. In total, Eight of the ten units are separately metered for electric, heat, and hot water, which the tenants pay directly. The landlord is responsible for heat and hot water in two units (204.5 1 & 2), common area electric, and domestic water and sewer. Over the past year, the Property has undergone significant capital improvements and renovations. On average more than 11,700 vehicles pass by the Property each day along N Main Street (US Route 3). Additionally, the municipal bus line has a stop approximately 300 feet from the Property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,164
Year Built
- Built in 1930
Lot Details
- 0.5 Acre Lot
- Level Lot
Home Design
- Brick Foundation
- Wood Frame Construction
- Shingle Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Interior Basement Entry
Parking
- Paved Parking
- Off-Street Parking
Utilities
- Heating System Uses Gas
- Heating System Uses Natural Gas
Listing and Financial Details
- Legal Lot and Block 84 / Z
Community Details
Overview
- 10 Units
Building Details
- Operating Expense $68,582
- Gross Income $193,320
- Net Operating Income $124,738
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2023
Closed on
Mar 6, 2024
Sold by
Jp Irving Llc
Bought by
204-208 N Main St Llc
Seller's Agent
Will Peck
Horvath & Tremblay LLC
Buyer's Agent
Will Peck
Horvath & Tremblay LLC
List Price
$1,550,000
Sold Price
$1,475,000
Premium/Discount to List
-$75,000
-4.84%
Total Days on Market
18
Views
43
Purchase Details
Closed on
Sep 16, 2022
Sold by
Gnp Realty Llc
Bought by
Jp Irving Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,500
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 204-208 N Main St Llc | $1,185,000 | None Available | |
| Jp Irving Llc | $815,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Jp Irving Llc | $570,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/08/2024 03/08/24 | Sold | $1,475,000 | -4.8% | $143 / Sq Ft |
| 12/22/2023 12/22/23 | Pending | -- | -- | -- |
| 12/04/2023 12/04/23 | For Sale | $1,550,000 | -- | $151 / 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 | $12,164 | $439,300 | $146,700 | $292,600 |
| 2023 | $11,233 | $418,200 | $146,700 | $271,500 |
| 2022 | $10,827 | $418,200 | $146,700 | $271,500 |
| 2021 | $10,505 | $418,200 | $146,700 | $271,500 |
| 2020 | $10,329 | $386,000 | $144,100 | $241,900 |
| 2019 | $11,229 | $404,200 | $144,100 | $260,100 |
| 2018 | $4,262 | $404,200 | $144,100 | $260,100 |
| 2017 | $11,415 | $404,200 | $144,100 | $260,100 |
| 2016 | $11,184 | $404,200 | $144,100 | $260,100 |
| 2015 | $11,051 | $404,200 | $144,100 | $260,100 |
| 2014 | $10,837 | $404,200 | $144,100 | $260,100 |
| 2013 | $10,324 | $403,600 | $129,700 | $273,900 |
| 2012 | $9,836 | $403,600 | $129,700 | $273,900 |
Source: Public Records
Agents Affiliated with this Home
-
Will Peck
Map
Source: PrimeMLS
MLS Number: 4979289
APN: CNCD-000055-000005-000002
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