NOT LISTED FOR SALE

38 Belvidere St Laconia, NH 03246

Estimated Value: $345,000 - $413,000

4 Beds
2 Baths
1,794 Sq Ft
$208/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $220,000 $123 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,308/month

3 Days on Market

Highlights

  • New Englander Architecture
  • High Speed Internet
  • Walk-Up Access
  • Baseboard Heating

About This Home

As of August 2019

Laconia, NH 03246- You have heard the saying, "This is a no-brainer". WELL, this IS a NO-BRAINER. This property was purchased some years back at its worst point, and these investors brought it back to the incredible condition it is in today, like a Phoenix from the ashes. Here's the deal, if you are presently an investor, you are going to see the value instantly. If you are new to the investing world but have looked at some properties, you will be really excited to move on this property. If you are just starting out in the real estate investing world, hopefully your agent will understand how to guide and someday in the future, you will see that this was one of your BEST purchases. Are you looking for a home for yourself and would like to have a tenant share the cost of this for you? If so, 38 Belvidere could be PERFECT for you. The location is really great. The condition of this property leaves you with little to nothing to do maintenance wise. The tenants are happy to be there and wanting to stay. Bayside Rentals would be happy to continue to manage this property for you.

Last Agent to Sell the Property

Christopher Kelly

RE/MAX Innovative Bayside License #041942 Listed on: 06/24/2019

RE/MAX Innovative Bayside

Last Buyer's Agent

Chip Sutton

BHHS Verani Londonderry License #047223

BHHS Verani Londonderry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,692

Year Built

  • Built in 1913

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • New Englander Architecture
  • Split Level Home
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,794 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Schools

  • Elm Street Elementary School
  • Laconia Middle School
  • Laconia High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 200+ Amp Service
  • Liquid Propane Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / 21
  • 21% Total Tax Rate

Community Details

Overview

  • 2 Units
  • Bayside Rentals Association

Building Details

  • 2 Separate Gas Meters
  • Gross Income $26,400
  • Net Operating Income $19,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,692

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family, Multi-Level, New Englander, Split Level
  • Directions: Elm Street to Belvidere Street to #38, approximately 1/10th of a mile on left.
  • Flood Zone: Unknown
  • Footprint: 26 x 32
  • Assessment Amount: 129100
  • Assessment Year: 2018
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 122.63
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2626
  • Sq Ft - Apx Total Finished: 1794
  • Year Built: 1913
  • Remarks Public: Laconia, NH 03246- You have heard the saying, "This is a no-brainer". WELL, this IS a NO-BRAINER. This property was purchased some years back at its worst point, and these investors brought it back to the incredible condition it is in today, like a Phoenix from the ashes. Here's the deal, if you are presently an investor, you are going to see the value instantly. If you are new to the investing world but have looked at some properties, you will be really excited to move on this property. If you are just starting out in the real estate investing world, hopefully your agent will understand how to guide and someday in the future, you will see that this was one of your BEST purchases. Are you looking for a home for yourself and would like to have a tenant share the cost of this for you? If so, 38 Belvidere could be PERFECT for you. The location is really great. The condition of this property leaves you with little to nothing to do maintenance wise. The tenants are happy to be there and wanting to stay. Bayside Rentals would be happy to continue to manage this property for you.
  • List Agent: 9195
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 10
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete, Concrete Floor, Full, No Tenant Access, Unfinished
  • Sq Ft - Apx Finished AG: 1794
  • Sq Ft - Apx Unfinished BG: 832

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle
  • Easements: Unknown

Garage/Parking

  • Parking: Driveway, Off Street

Utilities

  • Cable Company: Atlantic Broadband
  • Electric: 200 Amp, Circuit Breaker(s)
  • Fuel Company: Rymes
  • Sewer: Public Sewer at Street
  • Water: Public Water - At Street
  • Water Heater: Gas - LP/Bottle
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Baseboard, Hot Water
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Municipal
  • Utilities: Cable - Available, Gas - Lp/Bottle, High Speed Intrnt -Avail, Internet - Cable, Telephone Available

Condo/Co-op/Association

  • Management Company: Bayside Rentals

Schools

  • School District: Laconia Sch Dst SAU #30
  • Elementary School: Elm Street Elementary School
  • Middle School: Laconia Middle School
  • High School: Laconia High School
  • Elementary School: Elm Street Elementary School
  • High School: Laconia High School

Lot Info

  • Map: 350
  • Lot: 4
  • Lot Sq Ft: 8712
  • Lot Acres: 0.2
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Unknown
  • Zoning: Residential General
  • Deed Book: 3091
  • Deed Page: 133
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 26400
  • Net Income: 19770
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Rate: 20.85
  • Tax Gross Amount: 2692
  • Tax Year: 2018

MLS Schools

  • School District: Laconia Sch Dst SAU #30
  • School Middle Jr: Laconia Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Lemieux Andrew J and Lemieux Yvonne L
Bought by
38 Belvidere Street Llc
Current Estimated Value
$372,978

Purchase Details

Listed on
Jun 24, 2019
Closed on
Aug 9, 2019
Sold by
Kerchler Holdings Llc
Bought by
Lemieux Andrew J and Lemieux Yvonne L
Seller's Agent
Christopher Kelly
RE/MAX Innovative Bayside
Buyer's Agent
Chip Sutton
BHHS Verani Londonderry
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%
Original Mortgage
$139,500
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 9, 2016
Closed on
Feb 24, 2017
Sold by
Reed Donna
Bought by
Kerchler Hldg Llc
Seller's Agent
Mitch Hamel
BHHS Verani Belmont
Buyer's Agent
Christopher Kelly
RE/MAX Innovative Bayside
List Price
$55,000
Sold Price
$45,000
Premium/Discount to List
-$10,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.12%

Purchase Details

Closed on
Jan 28, 2003
Sold by
Dubie Edith and Dubie Georgianna
Bought by
Reed Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,900
Interest Rate
6.11%
Source: Public Records

Range of Values:

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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
38 Belvidere Street Llc -- None Available
Lemieux Andrew J $220,000 --
Kerchler Hldg Llc $45,000 --
Reed Donna $106,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lemieux Andrew J $139,500
Previous Owner Reed Donna $113,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2019 08/09/19 Sold $220,000 -3.9% $123 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $229,000 +408.9% $128 / Sq Ft
02/24/2017 02/24/17 Sold $45,000 -18.2% $25 / Sq Ft View Prior Sale
12/12/2016 12/12/16 Pending -- -- --
12/09/2016 12/09/16 For Sale $55,000 -- $31 / 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 $3,865 $283,600 $108,600 $175,000
2023 $3,596 $258,500 $99,400 $159,100
2022 $3,034 $204,300 $84,400 $119,900
2021 $3,044 $161,400 $56,100 $105,300
2020 $2,848 $144,400 $47,800 $96,600
2019 $2,710 $131,600 $43,600 $88,000
2018 $2,692 $129,100 $42,400 $86,700
2017 $1,785 $84,900 $41,500 $43,400
2016 $3,006 $135,400 $41,500 $93,900
2015 $2,895 $130,400 $43,700 $86,700
2014 $3,078 $137,400 $43,500 $93,900
2013 $2,985 $135,200 $41,300 $93,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4760595

PrimeMLS

APN: LACO-000350-000021-000004