NOT LISTED FOR SALE

40 Louise Dr Litchfield, NH 03052

8 Beds
4 Baths
2,912 Sq Ft
0.91 Acres

Last Sold July 12, 2024

Last sale price $865,900 $297 Per Sq Ft

365 Days on Market

Highlights

  • Wooded Lot
  • Level Lot
  • Carpet
  • Shed

About This Home

As of July 2024

WOW, a $20K drop in price is quite significant! This reflects that the Sellers understand the impact that increased interest rates have had on potential Buyers. Don't let the days on market fool you, there has been significant interest in this unique 4 family apartment building with multiple contracts declined due to various terms. The Sellers have been selective, wanting to ensure they find that one Buyer who sincerely appreciates all that this promising investment property offers. There is so much income potential knowing that the current rents are far below market value & leases are coming up for renewal. Take a look at all the property details, photos and video. If you're the investor that can see the opportunity this property has to offer, then take the next step to schedule a showing.

Last Agent to Sell the Property

Cynthia Surette

RE/MAX Innovative Properties Brokerage Phone: 603-860-5212 License #011605 Listed on: 06/18/2023

RE/MAX Innovative Properties

Last Buyer's Agent

Team Sutton & Wells

License #047223

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,219

Year Built

  • Built in 1960

Lot Details

  • 0.91 Acre Lot
  • Property fronts a private road
  • Level Lot
  • Wooded Lot

Home Design

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

Interior Spaces

  • 4 Full Bathrooms
  • 3-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Parking

  • 510 Car Parking Spaces
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Shed
  • Outbuilding

Schools

  • Griffin Memorial Elementary School
  • Litchfield Middle School
  • Campbell High School

Utilities

  • Separate Meters
  • 200+ Amp Service
  • Private Water Source
  • Drilled Well
  • Septic Tank
  • Leach Field
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 86

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $3,609
  • Gross Income $67,200
  • Net Operating Income $54,224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,219

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 297.36
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4368
  • Sq Ft - Apx Total Finished: 2912
  • Year Built: 1960
  • Remarks Public: WOW, a $20K drop in price is quite significant! This reflects that the Sellers understand the impact that increased interest rates have had on potential Buyers. Don't let the days on market fool you, there has been significant interest in this unique 4 family apartment building with multiple contracts declined due to various terms. The Sellers have been selective, wanting to ensure they find that one Buyer who sincerely appreciates all that this promising investment property offers. There is so much income potential knowing that the current rents are far below market value & leases are coming up for renewal. Take a look at all the property details, photos and video. If you're the investor that can see the opportunity this property has to offer, then take the next step to schedule a showing.
  • List Agent: 4085
  • Display On Internet: Internet - Cable
  • Architectural Style: Apartment Building, Multi-Family
  • ResoLotFeatures: Country Setting, Landscaped, Level, Subdivision, Wooded
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater – Electric
  • Flooring: Carpet, Vinyl
  • Total Rooms Above Ground: 16
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Concrete Floor, Daylight, Full, Stairs - Exterior, Stairs - Interior, Storage - Assigned, Storage - Locked, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement
  • Sq Ft - Apx Finished AG: 2912
  • Sq Ft - Apx Unfinished BG: 1456

Exterior Features

  • Driveway: Common/Shared, Paved
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Outbuilding, Shed
  • Construction Type: Wood Frame, Vinyl Siding

Garage/Parking

  • Parking: Driveway, Off Street, Parking Spaces 5 - 10

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Leach Field, Septic
  • Heating Fuel: Electric
  • Heating: Electric
  • Separate Utilities: Yes
  • Total Electric Meters: 9
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Trash: Tenant
  • Utilities: Cable - Available
  • Water Source: Drilled Well, Private

Condo/Co-op/Association

  • Restrictions: Pets - None, Smoking - No

Schools

  • School District: Litchfield Sch Dst SAU #27
  • Elementary School: Griffin Memorial School
  • Middle School: Litchfield Middle School
  • High School: Campbell High School
  • Elementary School: Griffin Memorial School
  • High School: Campbell High School

Lot Info

  • Map: 5
  • Lot: 86
  • Lot Sq Ft: 39640
  • Lot Acres: 0.91
  • Surveyed: Yes
  • Surveyed By: Bernier
  • Zoning: R
  • Deed Book: 8243
  • Deed Page: 2935
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 67200
  • Net Income: 54224
  • Total Full Baths: 4
  • Total Units: 4
  • Total2 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 8219
  • Tax Year: 2023

MLS Schools

  • School District: Litchfield Sch Dst SAU #27
  • School Middle Jr: Litchfield Middle 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
07/12/2024 07/12/24 Sold $865,900 -0.6% $297 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
06/04/2024 06/04/24 Price Changed $870,900 -2.2% $299 / Sq Ft
04/18/2024 04/18/24 Price Changed $890,900 -1.0% $306 / Sq Ft
12/19/2023 12/19/23 Price Changed $899,900 -2.7% $309 / Sq Ft
10/15/2023 10/15/23 Price Changed $924,900 -3.2% $318 / Sq Ft
08/08/2023 08/08/23 Price Changed $955,000 -2.1% $328 / Sq Ft
07/14/2023 07/14/23 For Sale $975,000 0.0% $335 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/18/2023 06/18/23 For Sale $975,000 -- $335 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cynthia Surette

    Seller's Agent in 2024

    Cynthia Surette

    RE/MAX

    (603) 860-5212

    4 in this area

    26 Total Sales

    Cynthia Surette
    Section Image

  • T

    Buyer's Agent in 2024

    Team Sutton & Wells

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4957672

PrimeMLS
New Hampshire Hillsborough County Litchfield 03052

40 Louise Dr, Litchfield, NH

This home is located at 40 Louise Dr, Litchfield, NH 03052 since 18 June 2023. This property was built in 1960. 40 Louise Dr is a home located in Hillsborough County with nearby schools including Griffin Memorial School, Litchfield Middle School, and Campbell High School.

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