221 Lake Ave Manchester, NH 03103
Kalivas-Union Neighborhood
9
Beds
3
Baths
3,428
Sq Ft
5,227
Sq Ft Lot
About This Home
As of March 2025Saturday 15th Open House ONLY. Welcome to 221 Lake Ave, a beautifully renovated 3-unit multifamily property in the heart of Manchester, NH. This well-maintained building offers three spacious 3-bedroom, 1-bath units, making it an ideal investment opportunity or a perfect home for an owner-occupant.Unit 1 – Owner Occupant Opportunity: The first-floor unit is vacant and completely renovated, offering a modern living space with fresh finishes throughout. Featuring new flooring, updated kitchen and bathroom, and ample natural light, this unit is ready for you to move in and make it your own. With three generously-sized bedrooms and a full bath, it’s the perfect place to call home while enjoying rental income from the other units. Units 2 & 3 – Investment Potential:Both the second and third-floor units are currently rented, providing an excellent opportunity for steady cash flow. These units also offer three bedrooms and one bathroom, with plenty of space for tenants to enjoy. Off Street parking for 6 cars. Showings to start at open house on 2/15 from 1pm-3pm No other showings outside of those times. Agent Interest
Last Agent to Sell the Property
RE/MAX Innovative Properties License #072506 Listed on: 02/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,695
Year Built
- Built in 1920
Parking
- Paved Parking
Home Design
- Stone Foundation
- Wood Frame Construction
Interior Spaces
- Property has 3 Levels
- Basement
- Interior Basement Entry
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Bathrooms
Schools
- Beech Street Elementary School
- Mclaughlin Middle School
- Manchester Central High Sch
Utilities
- Internet Available
- Cable TV Available
Additional Features
- 5,227 Sq Ft Lot
- City Lot
Community Details
- 3 Units
- Gross Income $52,164
Listing and Financial Details
- Legal Lot and Block / / 007
- Assessor Parcel Number 0060
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 12, 2025
Closed on
Mar 21, 2025
Sold by
Rr Llc
Bought by
Shah Viral and Shah Avani
Seller's Agent
Rich Racine
RE/MAX Innovative Properties
Buyer's Agent
Kendall Reyes
REAL Broker NH, LLC
List Price
$600,000
Sold Price
$645,000
Premium/Discount to List
$45,000
7.5%
Total Days on Market
7
Views
22
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
-$2,964
Avg. Annual Appreciation
-1.24%
Original Mortgage
$483,750
Outstanding Balance
$483,750
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$158,286
Purchase Details
Closed on
Dec 30, 2008
Sold by
Kabari Kornebari
Bought by
Avelo Mortgage Llc
Purchase Details
Closed on
Jun 21, 2004
Sold by
Erwin Kristy
Bought by
Kabari Monday Bd and Kabari Kornebari
Purchase Details
Closed on
Mar 16, 2004
Sold by
Vega Domingo and Vega Magaly
Bought by
Erwin Kristy
Similar Homes in Manchester, NH
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $645,000 | None Available | |
| Warranty Deed | $645,000 | None Available | |
| Foreclosure Deed | $297,400 | -- | |
| Foreclosure Deed | $297,400 | -- | |
| Deed | $267,900 | -- | |
| Deed | $267,900 | -- | |
| Deed | $225,000 | -- | |
| Deed | $225,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $483,750 | Purchase Money Mortgage | |
| Closed | $483,750 | Purchase Money Mortgage | |
| Previous Owner | $430,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $161,000 | Unknown | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $645,000 | +7.5% | $188 / Sq Ft |
| 02/19/2025 02/19/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | For Sale | $600,000 | -- | $175 / 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 | $6,951 | $355,000 | $70,400 | $284,600 |
| 2023 | $6,695 | $355,000 | $70,400 | $284,600 |
| 2022 | $6,475 | $355,000 | $70,400 | $284,600 |
| 2021 | $6,276 | $355,000 | $70,400 | $284,600 |
| 2020 | $4,729 | $219,900 | $50,400 | $169,500 |
| 2019 | $5,348 | $219,900 | $50,400 | $169,500 |
| 2018 | $5,148 | $219,900 | $50,400 | $169,500 |
| 2017 | $4,774 | $219,900 | $50,400 | $169,500 |
| 2016 | $5,088 | $219,900 | $50,400 | $169,500 |
| 2015 | $5,091 | $217,200 | $52,200 | $165,000 |
| 2014 | $5,104 | $217,200 | $52,200 | $165,000 |
| 2013 | $4,924 | $217,200 | $52,200 | $165,000 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2025
Rich Racine
RE/MAX
-
K
Buyer's Agent in 2025
Kendall Reyes
REAL Broker NH, LLC
Map
Source: PrimeMLS
MLS Number: 5029206
APN: MNCH-000060-000000-000007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Nearby Homes
- 246 Auburn St
- 320 Cedar St Unit 3
- 344 Maple St
- 235 Hanover St
- 397 Cedar St
- 119 Hanover St
- 313 Amherst St
- 4 Dean Ave Unit 1
- 492 Cedar St
- 340 Spruce St
- 509 Cedar St
- 348 Spruce St
- 554 Beech St
- 14 Dufort St
- 125 W Merrimack St Unit 2
- 67 Stark St
- 521 Wilson St
- 426 Manchester St
- 278 Lowell St Unit 1
- 117 Walnut St Unit 1