NOT LISTED FOR SALE

316 Wallis Rd Rye, NH 03870

7 Beds
5 Baths
2,561 Sq Ft
1.3 Acres

Last Sold July 08, 2022

Last sale price $1,525,000 $595 Per Sq Ft

28 Days on Market

Highlights

  • 1.3 Acre Lot
  • Countryside Views
  • Wooded Lot
  • Rye Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of July 2022

Approx. ONE MILE TO RYE BEACH on 1.3 acres! This unique property with three free standing units, including a New Englander with a second floor apt. plus two separate free standing cottages makes a great family compound OR live in one and get income from the rest! The main house has been renovated with updated granite kitchen and mostly stainless appliances. High 8 ft plus ceilings, the formal DR has HDWD floors, sliders to a huge rear deck, built-in china cab., built in speakers, Formal LR plus separate den or office, mudroom, first floor laundy, master suite with full bath and lots of closet space. This home also has 2 more bdrms on the third level with a den and full bath. Entire house can be converted back into a 5 bdrm home! The main house has access to the one car detached garage with a circular drive so lots of parking. The second floor apt. has 2 bdrms, new kitchen, and bath, and includes W/D and storage in bsmt with separate access. Two more units with the free standing cottages can be updated for more income. The front cottage tenant has been there 40 yrs. & the rear cottage tenant there for approx. 8 yrs. Both are bright and sunny units, with rear decks & 2 parking spaces each. This lot has lots of yard space for gardening or pets and also goes into the wooded area for shade & a private border. Ride your bikes, walk or jog to your favorite sandy spot at the beach. 10 min. to downtown Portsmouth! 48 hr showing notice please.

Last Agent to Sell the Property

Terri Golter

RE/MAX Shoreline License #000689 Listed on: 04/27/2022

RE/MAX Shoreline

Last Buyer's Agent

Terri Golter

RE/MAX Shoreline License #000689 Listed on: 04/27/2022

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,773

Year Built

  • Built in 1911

Lot Details

  • 1.3 Acre Lot
  • Landscaped
  • Lot Sloped Up
  • Wooded Lot
  • Garden

Parking

  • 1 Car Detached Garage
  • Circular Driveway
  • Assigned Parking

Home Design

  • New Englander Architecture
  • Stone Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 2.5-Story Property
  • Double Pane Windows
  • Countryside Views

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Basement Storage

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Rye Elementary School
  • Rye Junior High School
  • Portsmouth High School

Horse Facilities and Amenities

  • Grass Field

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • 200+ Amp Service
  • 100 Amp Service
  • Propane
  • Water Heater
  • Septic Tank
  • Private Sewer
  • Sewer Holding Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 069
  • 11% Total Tax Rate

Community Details

Overview

  • 4 Units
  • Self Managed By Owner Association

Recreation

  • Trails

Building Details

  • Operating Expense $5,766
  • Gross Income $97,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,773

Year Built

Built in 1911

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: New Englander
  • Directions: At intersection of Wallis Rd and Sagamore Rd Rye, take Wallis toward the ocean and 316 on the right. See sign. Please park in front U driveway or in front of garage.
  • Footprint: 28 x 22 + 15 x 7 + 20x16
  • Assessment Amount: 807100
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 595.47
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3522
  • Sq Ft - Apx Total Finished: 2561
  • Year Built: 1911
  • Remarks Public: Approx. ONE MILE TO RYE BEACH on 1.3 acres! This unique property with three free standing units, including a New Englander with a second floor apt. plus two separate free standing cottages makes a great family compound OR live in one and get income from the rest! The main house has been renovated with updated granite kitchen and mostly stainless appliances. High 8 ft plus ceilings, the formal DR has HDWD floors, sliders to a huge rear deck, built-in china cab., built in speakers, Formal LR plus separate den or office, mudroom, first floor laundy, master suite with full bath and lots of closet space. This home also has 2 more bdrms on the third level with a den and full bath. Entire house can be converted back into a 5 bdrm home! The main house has access to the one car detached garage with a circular drive so lots of parking. The second floor apt. has 2 bdrms, new kitchen, and bath, and includes W/D and storage in bsmt with separate access. Two more units with the free standing cottages can be updated for more income. The front cottage tenant has been there 40 yrs. & the rear cottage tenant there for approx. 8 yrs. Both are bright and sunny units, with rear decks & 2 parking spaces each. This lot has lots of yard space for gardening or pets and also goes into the wooded area for shade & a private border. Ride your bikes, walk or jog to your favorite sandy spot at the beach. 10 min. to downtown Portsmouth! 48 hr showing notice please.
  • List Agent: 22725
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Stairs - Interior, Storage Space, Unfinished, Exterior Access
  • Sq Ft - Apx Finished AG: 2561
  • Sq Ft - Apx Unfinished BG: 961

Exterior Features

  • Construction: Wood Frame
  • Driveway: Circular, Paved
  • Exterior: Vinyl Siding
  • Foundation: Fieldstone, Granite, Poured Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle
  • Features Exterior: Deck, Garden Space, Porch - Covered, Windows - Double Pane

Garage/Parking

  • Garage Capacity: 1
  • Parking: Assigned, Driveway, Garage, Parking Spaces 5 - 10
  • Garage: Yes
  • Garage Description: Assigned
  • Garage Type: Detached

Utilities

  • Electric: 100 Amp, 200 Amp, Circuit Breaker(s)
  • Sewer: Holding Tank, Private, Septic
  • Water: Public
  • Water Heater: Free Standing
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Electric, Gas Heater - Vented, Hot Water, Monitor Type, Multi Zone, Radiator
  • Cooling: Wall AC Units
  • Electric Company: Eversource
  • Separate Utilities: Varies
  • Total Electric Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 3
  • Utilities: Cable - At Site, Gas - Lp/Bottle

Condo/Co-op/Association

  • Management Company: self managed by owner

Schools

  • School District: Rye
  • Elementary School: Rye Elementary School
  • Middle School: Rye Junior High School
  • High School: Portsmouth High School
  • Elementary School: Rye Elementary School
  • High School: Portsmouth High School

Lot Info

  • Map: 018
  • Lot: 069
  • Lot Sq Ft: 56628
  • Lot Acres: 1.3
  • Lot Description: Country Setting, Field/Pasture, Landscaped, Trail/Near Trail, Wooded
  • Surveyed: Unknown
  • Zoning: SRE
  • Deed Book: 5667
  • Deed Page: 2996
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 97500
  • Total Full Baths: 5
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Rate: 10.87
  • Tax Gross Amount: 8773.18
  • Tax Year: 2021

MLS Schools

  • School District: Rye
  • School Middle Jr: Rye Junior High School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $1,525,000 +1.7% $595 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $1,500,000 0.0% $586 / Sq Ft
05/04/2022 05/04/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $1,500,000 0.0% $586 / Sq Ft
05/08/2017 05/08/17 Rented $2,900 -99.9% --
04/26/2017 04/26/17 For Rent $2,900,000 0.0% --
11/06/2015 11/06/15 Sold $820,000 0.0% $203 / Sq Ft
11/06/2015 11/06/15 Sold $820,000 -3.5% $203 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
08/11/2015 08/11/15 Pending -- -- --
05/26/2015 05/26/15 For Sale $849,500 -2.9% $210 / Sq Ft
01/23/2015 01/23/15 For Sale $875,000 -- $217 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4907078

PrimeMLS