NOT LISTED FOR SALE

Estimated Value: $428,856 - $611,000

5 Beds
3 Baths
2,088 Sq Ft
$238/Sq Ft Est. Value

Last Sold June 06, 2022

Last sale price $405,000 $194 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,452/month

7 Days on Market

About This Home

As of June 2022

Conveniently located 2 Family in the heart of downtown Concord, walking distance to the theater, restaurants and shopping. The building includes a 1st floor 3-bedroom unit with 2 bathrooms, central air conditioning, dishwasher and washer/dryer hook-ups. A 2nd floor 2-bedroom unit with 1 bathroom, dishwasher and washer/dryer hook-ups. Off street parking is available for each unit. Recent renovations over the past 6 years include the vinyl siding, replacement windows, natural gas boiler, and updated kitchens and bathrooms. Separate utilities so tenants pay heat, hot water and electricity. According to NH Housing, median monthly rent for a 3-bedroom unit in Concord is $1,561 and $1,448 for 2-bedroom units. Projected Cap Rate with adjusted rents is 6.5%. Lease agreement for the 1st floor runs through August 2022 and 2nd floor unit through June 2022. Make this property a part of your portfolio today!! Showings start at the open house Friday, April 29th 4:30-6pm with added open houses Saturday, April 30th 12:30-2pm and Sunday, May 1st 10:30-12pm. All offers are due by Monday, May 2nd @ 5pm.

Last Listed By

Gregory McCarthy

Keller Williams Realty-Metropolitan License #052514 Listed on: 04/26/2022

Keller Williams Realty-Metropolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,549

Year Built

  • Built in 1885

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • 2 Car Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

  • Christa Mcauliffe Elementary School
  • Rundlett Middle School
  • Concord High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Block Z 123

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,549

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 193.97
  • Year Built: 1885
  • Remarks Public: Conveniently located 2 Family in the heart of downtown Concord, walking distance to the theater, restaurants and shopping. The building includes a 1st floor 3-bedroom unit with 2 bathrooms, central air conditioning, dishwasher and washer/dryer hook-ups. A 2nd floor 2-bedroom unit with 1 bathroom, dishwasher and washer/dryer hook-ups. Off street parking is available for each unit. Recent renovations over the past 6 years include the vinyl siding, replacement windows, natural gas boiler, and updated kitchens and bathrooms. Separate utilities so tenants pay heat, hot water and electricity. According to NH Housing, median monthly rent for a 3-bedroom unit in Concord is $1,561 and $1,448 for 2-bedroom units. Projected Cap Rate with adjusted rents is 6.5%. Lease agreement for the 1st floor runs through August 2022 and 2nd floor unit through June 2022. Make this property a part of your portfolio today!! Showings start at the open house Friday, April 29th 4:30-6pm with added open houses Saturday, April 30th 12:30-2pm and Sunday, May 1st 10:30-12pm. All offers are due by Monday, May 2nd @ 5pm.
  • List Agent: 4583
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 10
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2088
  • Sq Ft - Apx Unfinished BG: 1125

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: Off Street, Parking Spaces 2

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air, Hot Water
  • Cooling: Central AC
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 1
  • Utilities: Cable - Available, High Speed Intrnt -Avail

Schools

  • School District: Concord School District SAU #8
  • Elementary School: Christa McAuliffe School
  • Middle School: Rundlett Middle School
  • High School: Concord High School
  • Elementary School: Christa McAuliffe School
  • High School: Concord High School

Lot Info

  • Map: 7414
  • Lot Sq Ft: 3049
  • Lot Acres: 0.07
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RD
  • Deed Book: 3672
  • Deed Page: 1064
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 3
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 7549
  • Tax Year: 2021

MLS Schools

  • School District: Concord School District SAU #8
  • School Middle Jr: Rundlett Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Mar 27, 2020
Sold by
Concord Properties Nh Llc
Bought by
Bourdeau Andrea D and Bourdeau Erick D
Seller's Agent
Mary-Hope Rennie
Keller Williams Realty Metro-Concord
Buyer's Agent
Gregory McCarthy
Keller Williams Realty-Metropolitan
List Price
$269,900
Sold Price
$273,000
Premium/Discount to List
$3,100
1.15%
Total Days on Market
7
Current Estimated Value
$497,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,464
Avg. Annual Appreciation
12.59%
Original Mortgage
$232,050
Outstanding Balance
$207,783
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$289,681

Purchase Details

Listed on
Oct 6, 2017
Closed on
Nov 16, 2017
Sold by
35 Concord Street Llc
Bought by
Concord Properties Nh
Seller's Agent
Beth Ottana
Nexus Realty, LLC
Buyer's Agent
Mary-Hope Rennie
Keller Williams Realty Metro-Concord
List Price
$242,500
Sold Price
$228,000
Premium/Discount to List
-$14,500
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%

Purchase Details

Listed on
Apr 7, 2016
Closed on
Jun 2, 2016
Sold by
Department Of Housing & Urban Dev
Bought by
35 Concord Street Llc
Seller's Agent
Judith Richard
Perfect Choice Properties, Inc.
Buyer's Agent
Beth Ottana
Nexus Realty, LLC
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.74%

Purchase Details

Closed on
Feb 26, 2016
Sold by
Midfirst Bank Ssb
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Jan 13, 2016
Sold by
Ferrelli Anthony A
Bought by
Midfirst Bank

Purchase Details

Closed on
Nov 4, 2004
Sold by
Burden Ernesto A
Bought by
Ferrelli Anthony A and Ferrelli Paula L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,920
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 20, 2002
Sold by
Meredith C Smith T
Bought by
Burden Ernesto A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,155
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

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
Bourdeau Andrea D $273,000 None Available
Concord Properties Nh $228,000 --
35 Concord Street Llc $55,000 --
Department Of Housing & Urban Dev $101,666 --
Midfirst Bank $170,820 --
Ferrelli Anthony A $229,900 --
Burden Ernesto A $171,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bourdeau Andrea D $232,050
Previous Owner Concord Properties Nh $150,000
Previous Owner Burden Ernesto A $75,268
Previous Owner Burden Ernesto A $250,705
Previous Owner Ferrelli Anthony A $40,000
Previous Owner Ferrelli Paula L $22,000
Previous Owner Burden Ernesto A $183,920
Previous Owner Burden Ernesto A $166,155
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $405,000 +2.5% $194 / Sq Ft
05/03/2022 05/03/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $395,000 +44.7% $189 / Sq Ft
04/13/2020 04/13/20 Sold $273,000 +1.1% $131 / Sq Ft
02/09/2020 02/09/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $269,900 +18.4% $129 / Sq Ft
11/16/2017 11/16/17 Sold $228,000 -6.0% $114 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/06/2017 10/06/17 For Sale $242,500 +120.5% $122 / Sq Ft
06/01/2016 06/01/16 Sold $110,000 -8.3% $58 / Sq Ft
04/18/2016 04/18/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $120,000 -- $63 / 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 $8,324 $300,600 $79,400 $221,200
2023 $8,074 $300,600 $79,400 $221,200
2022 $7,780 $300,500 $79,400 $221,100
2021 $7,549 $300,500 $79,400 $221,100
2020 $6,726 $251,400 $63,400 $188,000
2019 $6,175 $222,300 $58,900 $163,400
2018 $4,666 $207,900 $58,900 $149,000
2017 $5,439 $192,600 $58,900 $133,700
2016 $4,906 $177,300 $58,900 $118,400
2015 $3,218 $156,000 $64,100 $91,900
2014 $4,182 $156,000 $64,100 $91,900
2013 -- $157,900 $64,100 $93,800
2012 -- $148,400 $64,100 $84,300
Source: Public Records

Agents Affiliated with this Home

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Source: PrimeMLS

MLS Number: 4906834

PrimeMLS

APN: CNCD-000033-000002-000006