NOT LISTED FOR SALE

30 Spring St Lebanon, NH 03766

Estimated Value: $385,000 - $560,000

7 Beds
2 Baths
2,659 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 24, 2024

Last sale price $475,000 $179 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,358/month

39 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Enclosed Patio or Porch
  • Hanover Street School Rated A-
  • New Englander Architecture
  • Baseboard Heating

About This Home

As of September 2024

It's a money maker! Looking for a place to call home yet need some help with a mortgage? Looking to generate investment income to supplement your own? This 2 unit multifamily in the heart of Lebanon, NH provides this and more given it's location. Each unit has 2 bedrooms with options for an additional bedroom on the 2nd floor and 2 additional bedrooms on the third floor. Divi them up in anyway you see fit between the units. Private entrances for both units exist. Private Laundry dedicated for each unit. The rooms are generous in size so not cramped living spaces will trouble you. Each unit also has access to covered parking which could fit 2 cars each if small and creative. Approximately 10 Minutes to Hanover, 7 to Dartmouth Hitchcock Medical Center and a stones throw to Lebanon City Center for arts, food & Drink, farmers markets, coffee and deli, the location is perfect for someone who values convenience. 2nd floor unit will be vacated by end of August therefore if you want to create your own lease, tenant paid utilities, etc, the possibilities are wide open.

Last Agent to Sell the Property

Leila Tarantelli

KW Coastal and Lakes & Mountains Realty/Hanover License #067538 Listed on: 06/22/2024

KW Coastal and Lakes & Mountains Realty/Hanover

Last Buyer's Agent

David Cleveland

Coldwell Banker LIFESTYLES License #068182

Coldwell Banker LIFESTYLES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,476

Year Built

  • Built in 1880

Lot Details

  • 0.35 Acre Lot
  • Home has North and South Exposure
  • Level Lot
  • Open Lot

Parking

  • 3 Car Garage
  • Shared Driveway

Home Design

  • New Englander Architecture
  • Stone Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,659 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet

Basement

  • Partial Basement
  • Connecting Stairway
  • Interior Basement Entry
  • Basement Storage

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Baseboard Heating
  • Heating System Uses Oil
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 44

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $57,600
  • Net Operating Income $38,113

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,476

Year Built

Built in 1880

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Exposure: North, South
  • Total Stories: 3
  • Price Per Sq Ft: 178.64
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3259
  • Sq Ft - Apx Total Finished: 2659
  • Year Built: 1880
  • Remarks Public: It's a money maker! Looking for a place to call home yet need some help with a mortgage? Looking to generate investment income to supplement your own? This 2 unit multifamily in the heart of Lebanon, NH provides this and more given it's location. Each unit has 2 bedrooms with options for an additional bedroom on the 2nd floor and 2 additional bedrooms on the third floor. Divi them up in anyway you see fit between the units. Private entrances for both units exist. Private Laundry dedicated for each unit. The rooms are generous in size so not cramped living spaces will trouble you. Each unit also has access to covered parking which could fit 2 cars each if small and creative. Approximately 10 Minutes to Hanover, 7 to Dartmouth Hitchcock Medical Center and a stones throw to Lebanon City Center for arts, food & Drink, farmers markets, coffee and deli, the location is perfect for someone who values convenience. 2nd floor unit will be vacated by end of August therefore if you want to create your own lease, tenant paid utilities, etc, the possibilities are wide open.
  • List Agent: 8585
  • Display On Internet: Internet - Cable
  • Architectural Style: New Englander
  • ResoLotFeatures: Curbing, Level, Major Road Frontage, Open, Sidewalks, Subdivision
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater – Domestic
  • Flooring: Carpet, Combination, Wood
  • Total Rooms Above Ground: 14
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Partial, Stairs - Interior, Storage Space
  • Sq Ft - Apx Finished AG: 2659
  • Sq Ft - Apx Unfinished BG: 600

Exterior Features

  • Driveway: Common/Shared, Paved
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Yes
  • Features Exterior: Deck, Natural Shade, Porch - Covered, Porch - Enclosed
  • Construction Type: Wood Siding

Garage/Parking

  • Garage Capacity: 3
  • Parking: On-Site
  • Garage: Yes

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public Sewer On-Site
  • Heating Fuel: Electric, Oil
  • Heating: Baseboard, Mini Split
  • Cooling: Mini Split
  • Total Electric Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 1
  • Utilities: Cable - At Site
  • Water Source: Public Water - On-Site

Lot Info

  • Map: 107
  • Lot: 44
  • Lot Sq Ft: 15246
  • Lot Acres: 0.35
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 4738
  • Deed Page: 65
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 57600
  • Net Income: 38113
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 8476
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2016
Sold by
Decato-Murray Cinnamon C
Bought by
Pope Charles G and Keeler Amy E
Current Estimated Value
$489,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Outstanding Balance
$163,968
Interest Rate
3.64%
Estimated Equity
$325,213

Purchase Details

Closed on
Jun 19, 2007
Sold by
Henry H Frothingham T
Bought by
Decato-Murray Cinnamon C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.19%
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
Pope Charles G $256,266 --
Decato-Murray Cinnamon C $287,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Decato-Murray Cinnamon C $205,000
Previous Owner Decato-Murray Cinnamon C $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2024 09/24/24 Sold $475,000 -4.8% $179 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/12/2024 07/12/24 Price Changed $499,000 -0.1% $188 / Sq Ft
06/22/2024 06/22/24 For Sale $499,500 +15.2% $188 / Sq Ft
06/17/2022 06/17/22 Sold $433,489 +3.5% $163 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $419,000 -- $158 / 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 $9,174 $349,100 $75,900 $273,200
2023 $8,476 $349,100 $75,900 $273,200
2022 $8,043 $349,100 $75,900 $273,200
2021 $6,837 $253,400 $53,400 $200,000
2019 $6,469 $213,000 $51,100 $161,900
2018 $6,330 $213,000 $51,100 $161,900
2017 $6,194 $213,000 $51,100 $161,900
2016 $6,085 $216,300 $51,100 $165,200
2015 $5,972 $216,300 $51,100 $165,200
2014 $5,924 $225,500 $57,900 $167,600
2013 $5,765 $226,000 $57,900 $168,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5001901

PrimeMLS

APN: LBAN-000107-000044