NOT LISTED FOR SALE

Estimated Value: $844,663

18 Beds
6 Baths
8,000 Sq Ft
$106/Sq Ft Est. Value

Last Sold November 17, 2016

Last sale price $375,000 $47 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $5,143/month

10 Days on Market

Highlights

  • Covered Patio or Porch
  • Coin Laundry
  • Carpet
  • 1 Car Detached Garage
  • Level Lot
  • Garden Home

About This Home

As of November 2016

Well kept, 6 large, 3 bedroom units/1 commercial unit, multi-family with several long-term tenants resulting in good cash flow. Current gross monthly $6,275/ annual rent of $75,000, however, units are all under market. Note that owner currently pays utilities for several tenants, however each unit does have separate meters and these units can pay their own utilities. Detached garage, ample parking and wiring for coin ops in basement make this building desirable and units are easy to rent. Recent porch repairs. Excellent turn key investment, COC is in process and will be current in upcoming couple weeks.

Last Agent to Sell the Property

Diana Griffin

Elm Grove Realty License #068522 Listed on: 08/15/2016

Last Buyer's Agent

Lisa Major

Keller Williams Realty Metro-Londonderry License #064746

Keller Williams Realty Metro-Londonderry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,250

Year Built

  • Built in 1920

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Garden Home
  • Stone Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Stove

Flooring

  • Carpet
  • Laminate

Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Covered Patio or Porch

Schools

  • Manchester Memorial High Sch

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Community Details

Building Details

  • 7 Separate Gas Meters
  • Gross Income $76,000

Additional Features

  • 7 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,250

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Garden
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 46.88
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 10000
  • Sq Ft - Apx Total Finished: 10000
  • Year Built: 1920
  • Remarks Public: Well kept, 6 large, 3 bedroom units/1 commercial unit, multi-family with several long-term tenants resulting in good cash flow. Current gross monthly $6,275/ annual rent of $75,000, however, units are all under market. Note that owner currently pays utilities for several tenants, however each unit does have separate meters and these units can pay their own utilities. Detached garage, ample parking and wiring for coin ops in basement make this building desirable and units are easy to rent. Recent porch repairs. Excellent turn key investment, COC is in process and will be current in upcoming couple weeks.
  • List Agent: 22310
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Laminate
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Partial
  • Sq Ft - Apx Finished AG: 8000
  • Sq Ft - Apx Finished BG: 2000

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Granite
  • Road Frontage: TBD
  • Roads: Paved
  • Roof: Tar and Gravel
  • Features Exterior: Porch - Covered

Garage/Parking

  • Garage Capacity: 1
  • Parking: Off Street, Parking Spaces 11 - 20, Paved
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Stove
  • Separate Utilities: Yes
  • Total Electric Meters: 7
  • Total Gas Meters: 7
  • Total Heat Units: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Total Water Heaters: 7
  • Trash: Curbside

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Schools

  • School District: Manchester Sch Dst SAU #37
  • High School: Manchester Memorial High Sch
  • High School: Manchester Memorial High Sch

Lot Info

  • Lot Sq Ft: 7841
  • Lot Acres: 0.18
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: commercial
  • Deed Book: 7806
  • Deed Page: 1005
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 76000
  • Total Units: 7
  • Total3 Plus Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 8250
  • Tax Year: 2015

MLS Schools

  • School District: Manchester Sch Dst SAU #37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2007
Sold by
Rondeau Kenneth
Bought by
E & K Props Llc
Current Estimated Value
$844,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,400
Outstanding Balance
$198,109
Interest Rate
6.22%
Mortgage Type
Commercial
Estimated Equity
$628,508

Purchase Details

Closed on
Oct 9, 2003
Sold by
Peloquin Pierre J
Bought by
Bwc Realty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.35%
Mortgage Type
Commercial
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
E & K Props Llc $408,000 --
E & K Props Llc $408,000 --
Bwc Realty $310,000 --
Bwc Realty $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bwc Realty $326,400
Closed Bwc Realty $326,400
Previous Owner Bwc Realty $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2016 11/17/16 Sold $375,000 -2.6% $38 / Sq Ft
08/25/2016 08/25/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $385,000 -- $39 / 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 $7,963 $406,700 $83,500 $323,200
2023 $7,670 $406,700 $83,500 $323,200
2022 $7,418 $406,700 $83,500 $323,200
2021 $7,190 $406,700 $83,500 $323,200
2020 $8,197 $332,400 $72,600 $259,800
2019 $8,084 $332,400 $72,600 $259,800
2018 $7,871 $332,400 $72,600 $259,800
2017 $7,752 $332,400 $72,600 $259,800
2016 $7,692 $332,400 $72,600 $259,800
2015 $8,033 $342,700 $72,600 $270,100
2014 $8,053 $342,700 $72,600 $270,100
2013 $7,769 $342,700 $72,600 $270,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4510108

PrimeMLS

APN: MNCH-000342-000000-000005