NOT LISTED FOR SALE

230 Maplewood Ave Portsmouth, NH 03801

West End Neighborhood

Estimated Value: $927,000 - $1,515,000

8 Beds
4 Baths
2,911 Sq Ft
$424/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $1,650,000 $567 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $7,721/month

57 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Waterfront
  • Corner Lot
  • New Franklin School Rated A
  • Colonial Architecture
  • High Speed Internet

About This Home

As of October 2020

Incredible opportunity to own two separate downtown addresses with significant rental income AND waterfront views. 6 fully-occupied units with rental income surpassing $97,000 annually are situated among the newest hotels, restaurants, and shops which make downtown Portsmouth so desirable. 230 Maplewood is a 2-unit gambrel building with authentic cedar shake siding that overlooks North Mill Pond. Each with their own private entrances, these two bedroom units boast waterfront views and incredible skylights. 248 Maplewood features 4 one bedroom units with 3 enjoying water views. With over 4,000 square feet of space, this classic Portsmouth colonial is a staple to the street it sits on. Come look at the amazing chance to buy a remarkable investment where the rental landscape is improving everyday. Price includes sale of both buildings which are owned through separate entities.

Last Agent to Sell the Property

Andrew Samonas

Samonas Realty, LLC License #072860 Listed on: 08/03/2020

Last Buyer's Agent

Brad Boisvert

EXP Realty License #047673

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,665

Year Built

  • Built in 1981

Lot Details

  • 3,485 Sq Ft Lot
  • Waterfront
  • Corner Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Colonial Architecture
  • Gambrel Roof
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Water Views

Outdoor Features

  • Deeded Waterfront Access Rights

Utilities

  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Gas Available at Street
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Block 0001

Community Details

Overview

  • 6 Units

Building Details

  • 4 Separate Gas Meters
  • Gross Income $97,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,665

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial, Gambrel
  • Directions: Off Rt. 1 Bypass take Maplewood Ave exit, half mile up on right. From downtown: Pass 3S artspace on your right, go over small bridge, first two buildings on your left.
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 566.82
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4568
  • Sq Ft - Apx Total Finished: 2911
  • Property Type: Multi-Family
  • Year Built: 1981
  • Remarks Public: Incredible opportunity to own two separate downtown addresses with significant rental income AND waterfront views. 6 fully-occupied units with rental income surpassing $97,000 annually are situated among the newest hotels, restaurants, and shops which make downtown Portsmouth so desirable. 230 Maplewood is a 2-unit gambrel building with authentic cedar shake siding that overlooks North Mill Pond. Each with their own private entrances, these two bedroom units boast waterfront views and incredible skylights. 248 Maplewood features 4 one bedroom units with 3 enjoying water views. With over 4,000 square feet of space, this classic Portsmouth colonial is a staple to the street it sits on. Come look at the amazing chance to buy a remarkable investment where the rental landscape is improving everyday. Price includes sale of both buildings which are owned through separate entities.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Sq Ft - Apx Finished AG: 2911
  • Sq Ft - Apx Unfinished BG: 1657

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood Siding
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Private, Public, Shared
  • Roof: Shingle - Asphalt
  • Water Body Type: Pond
  • Water Restrictions: Unknown
  • Water Body Name 2: North Mill Pond
  • Waterfront: Yes
  • Waterfront Rights: Exclusively Owned
  • Water View: Yes

Utilities

  • Electric: 200 Amp
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Separate Utilities: Varies
  • Total Gas Meters: 4
  • Total Refrigerators: 6
  • Utilities: Cable - At Site, Gas - At Street, Internet - Cable, Telephone At Site

Lot Info

  • Map: 0123
  • Lot: 0000
  • Lot Sq Ft: 3485
  • Lot Acres: 0.08
  • Lot Description: City Lot, Corner, Curbing, Sidewalks, Water View, Waterfront
  • Surveyed: Unknown
  • Zoning: CD4-Li
  • Deed Book: 4878
  • Deed Page: 2539
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 97020
  • Total Units: 6
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 18665
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Oct 16, 2020
Sold by
Mbrt Enterprises Llc
Bought by
230 Maplewood Ave Llc
Seller's Agent
Andrew Samonas
Samonas Realty, LLC
Buyer's Agent
Brad Boisvert
EXP Realty
List Price
$1,800,000
Sold Price
$1,650,000
Premium/Discount to List
-$150,000
-8.33%
Current Estimated Value
$1,233,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$416,034
Avg. Annual Appreciation
-4.87%
Original Mortgage
$1,320,000
Outstanding Balance
$1,187,258
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$114,004

Purchase Details

Closed on
Jan 16, 2008
Sold by
Zeus Rt
Bought by
Mbrt Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
230 Maplewood Ave Llc $882,733 None Available
Mbrt Enterprises Llc $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 230 Maplewood Ave Llc $1,320,000
Previous Owner Mbrt Enterprises Llc $1,024,000
Previous Owner Mbrt Enterprises Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $1,650,000 -8.3% $567 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $1,800,000 0.0% $618 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $1,800,000 -- $618 / 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 $10,636 $951,300 $433,200 $518,100
2023 $10,867 $673,700 $297,600 $376,100
2022 $10,240 $673,700 $297,600 $376,100
2021 $10,126 $673,700 $297,600 $376,100
2020 $9,903 $673,700 $297,600 $376,100
2019 $10,011 $673,700 $297,600 $376,100
2018 $9,898 $624,900 $270,500 $354,400
2017 $9,611 $624,900 $270,500 $354,400
2016 $8,953 $525,400 $203,700 $321,700
2015 $8,821 $525,400 $203,700 $321,700
2014 $8,784 $485,300 $170,200 $315,100
2013 $8,692 $485,300 $170,200 $315,100
2012 $8,517 $485,300 $170,200 $315,100
Source: Public Records

Agents Affiliated with this Home

  • Andrew Samonas

    Seller's Agent in 2020

    Andrew Samonas

    Samonas Realty, LLC

    (603) 988-7824

    20 in this area

    109 Total Sales

    Andrew Samonas
    Section Image

  • B

    Buyer's Agent in 2020

    Brad Boisvert

    EXP Realty

    (603) 235-7688

    17 in this area

    55 Total Sales

    Brad Boisvert
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4820241

PrimeMLS

APN: PRSM-000123-000001

New Hampshire Rockingham County Portsmouth 03801 West End

230 Maplewood Ave, Portsmouth, NH

This home is located at 230 Maplewood Ave, Portsmouth, NH 03801 since 03 August 2020 and is currently estimated at $1,233,966, approximately $423 per square foot. This property was built in 1981. 230 Maplewood Ave is a home located in Rockingham County with nearby schools including New Franklin School, Portsmouth Middle School, and Portsmouth High School.

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