NOT LISTED FOR SALE

Estimated Value: $740,264 - $1,173,000

2 Beds
2 Baths
1,599 Sq Ft
$564/Sq Ft Est. Value

Last Sold March 05, 2020

Last sale price $490,000 $306 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,398/month

81 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Carpet
  • Little Harbour School Rated A
  • Forced Air Heating System

About This Home

As of March 2020

A remarkable opportunity to Invest in Portsmouth's exciting West End neighborhood, just a short walk to Market Square. Located at the corner of McDonough & Brewster streets, this classic New Englander was constructed in 1860 and offers two one bedroom apartments.

Last Agent to Sell the Property

Jeffrey Mountjoy

The Aland Realty Group License #052524 Listed on: 09/27/2019

The Aland Realty Group

Last Buyer's Agent

Nell Johanson

Aluxety License #073874

Aluxety

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,422

Year Built

  • Built in 1860

Lot Details

  • 1,307 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Carpet

Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Patio

Schools

  • Little Harbor Elementary School
  • Portsmouth Middle School
  • Portsmouth High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 0051
  • 16% Total Tax Rate

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $9,654
  • Gross Income $25,800
  • Net Operating Income $16,146

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,422

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Market Square. Take Islington Street to Brewster Street. Turn right on to Brewster. Left on McDonough. Property on corner of Brewster and McDonough
  • Assessment Amount: 421000
  • Assessment Year: 2018
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 306.44
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3198
  • Sq Ft - Apx Total Finished: 1599
  • Year Built: 1860
  • List Agent: 13080
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet
  • Total Rooms Above Ground: 6
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt Floor, Stairs - Interior
  • Sq Ft - Apx Finished AG: 1599
  • Sq Ft - Apx Unfinished AG: 750
  • Sq Ft - Apx Unfinished BG: 849

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Vinyl Siding
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Patio

Garage/Parking

  • Parking: Driveway, On-Site, Paved

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Unitil
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - Natural
  • Heating: Forced Air, Hot Air
  • Electric Company: Eversource
  • Separate Utilities: Varies
  • Total Electric Meters: 1
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Trash: Curbside, Municipal

Condo/Co-op/Association

  • Management Company: Self Managed

Schools

  • Elementary School: Little Harbor School
  • High School: Portsmouth High School

Lot Info

  • Map: 0138
  • Lot: 0000
  • Lot Sq Ft: 1307
  • Lot Acres: 0.03
  • Lot Description: City Lot, Corner
  • Zoning: GRC
  • Deed Book: 3610
  • Deed Page: 2887
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 25800
  • Net Income: 16146
  • Total Full Baths: 2
  • Total Units: 2
  • Total1 Bedroom Units: 2

Tax Info

  • Tax Rate: 15.84
  • Tax Gross Amount: 6422
  • Tax Year: 2018

MLS Schools

  • School District: Portsmouth
  • School Middle Jr: Portsmouth Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Mar 5, 2020
Sold by
Linette S Remick Ret
Bought by
White William K
Seller's Agent
Jeffrey Mountjoy
The Aland Realty Group
Buyer's Agent
Nell Johanson
Aluxety
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Current Estimated Value
$901,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,816
Avg. Annual Appreciation
11.25%
Original Mortgage
$481,124
Outstanding Balance
$427,068
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$474,748
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
White William K $490,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White William K $481,124
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2020 03/05/20 Sold $490,000 -1.8% $306 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
10/23/2019 10/23/19 For Sale $499,000 0.0% $312 / Sq Ft
10/23/2019 10/23/19 Price Changed $499,000 -5.0% $312 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $525,000 -- $328 / 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 $7,791 $696,900 $424,400 $272,500
2023 $6,792 $421,100 $246,000 $175,100
2022 $6,401 $421,100 $246,000 $175,100
2021 $6,329 $421,100 $246,000 $175,100
2020 $6,190 $421,100 $246,000 $175,100
2019 $6,258 $421,100 $246,000 $175,100
2018 $6,422 $405,400 $240,400 $165,000
2017 $5,634 $366,300 $201,300 $165,000
2016 $5,134 $301,300 $155,200 $146,100
2015 $5,059 $301,300 $155,200 $146,100
2014 $5,171 $285,700 $161,600 $124,100
2013 $5,117 $285,700 $161,600 $124,100
2012 $5,014 $285,700 $161,600 $124,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4778669

PrimeMLS

APN: PRSM-000138-000051