NOT LISTED FOR SALE

40 Main St Walpole, NH 03608

Estimated Value: $1,192,758

11 Beds
8 Baths
9,984 Sq Ft
$119/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $875,000 $88 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $8,159/month

69 Days on Market

Highlights

  • Colonial Architecture
  • Covered patio or porch
  • Forced Air Zoned Heating System
  • Softwood Flooring
  • Circular Driveway
  • Hot Water Heating System

About This Home

As of December 2020

Showings start 8/17 per Owner. Own a no-vacancy 9 unit apartment complex in 2 buildings. 8 units have yearly leases and the 9th is the owners huge full 2nd floor apt that looks down on Main Street Walpole and directly across from Burdicks Restaurant. Property has been updated as tenants move or as needed. Main building was the original Walpole Hospital in the 1920's and 1930's. This stately Victorian would be a great investment or live in the Owners apartment and manage the complex. Close to Route 12 and I91.

Last Listed By

Cynthia Westover

Galloway Real Estate LLC License #038979 Listed on: 07/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,220

Year Built

  • Built in 1830

Lot Details

  • 1.1 Acre Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Post and Beam
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 8 Full Bathrooms
  • 2-Story Property

Flooring

  • Softwood
  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry

Parking

  • Circular Driveway
  • Gravel Driveway

Outdoor Features

  • Covered patio or porch

Schools

  • Walpole Elementary School
  • Walpole Middle School
  • Fall Mountain Reg High School

Utilities

  • Forced Air Zoned Heating System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 9 Units

Listing and Financial Details

  • Tax Lot 13

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,220

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Footprint: 65x42 & 89x34
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 87.64
  • Property Type: Multi-Family
  • Year Built: 1830
  • Remarks Public: Showings start 8/17 per Owner. Own a no-vacancy 9 unit apartment complex in 2 buildings. 8 units have yearly leases and the 9th is the owners huge full 2nd floor apt that looks down on Main Street Walpole and directly across from Burdicks Restaurant. Property has been updated as tenants move or as needed. Main building was the original Walpole Hospital in the 1920's and 1930's. This stately Victorian would be a great investment or live in the Owners apartment and manage the complex. Close to Route 12 and I91.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate, Softwood, Vinyl
  • Total Rooms Above Ground: 33
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Stairs - Exterior, Unfinished
  • Sq Ft - Apx Finished AG: 9984
  • Sq Ft - Apx Unfinished AG: 603
  • Sq Ft - Apx Unfinished BG: 2634

Exterior Features

  • Construction: Post and Beam, Wood Frame
  • Driveway: Circular, Gravel
  • Exterior: Clapboard, Wood, Wood Siding
  • Foundation: Block, Brick, Concrete, Fieldstone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Rolled, Shingle - Asphalt, Slate
  • Features Exterior: Natural Shade, Patio, Porch - Covered

Utilities

  • Electric: Circuit Breaker(s), Fuses
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Blowers, Forced Air, Hot Water, Multi Zone
  • Total Electric Meters: 10
  • Total Heat Units: 3
  • Total Ranges: 8
  • Total Refrigerators: 8
  • Total Water Heaters: 2
  • Trash: Dumpster
  • Utilities: Cable, Dsl, Internet - Cable

Schools

  • School District: Fall Mountain Reg SD SAU #60
  • Elementary School: Walpole Elementary School
  • Middle School: Walpole Middle School
  • High School: Fall Mountain Reg High School
  • Elementary School: Walpole Elementary School
  • High School: Fall Mountain Reg High School

Lot Info

  • Map: 21
  • Lot: 13
  • Lot Sq Ft: 47916
  • Lot Acres: 1.1
  • Lot Description: Level, Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: Commercial
  • Deed Book: 1636
  • Deed Page: 0492
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 8
  • Total Units: 9
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 5

Tax Info

  • Tax Gross Amount: 16220
  • Tax Year: 2019

MLS Schools

  • School District: Fall Mountain Reg SD SAU #60
  • School Middle Jr: Walpole Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
Dec 4, 2020
Sold by
Pellegrino Dennis P
Bought by
9 Academy Lane Llc
Seller's Agent
Cynthia Westover
Galloway Real Estate LLC
Buyer's Agent
Steve Schoppmeyer
BHG Masiello Brattleboro
List Price
$925,000
Sold Price
$875,000
Premium/Discount to List
-$50,000
-5.41%
Total Days on Market
69
Current Estimated Value
$1,192,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,758
Avg. Annual Appreciation
7.26%
Original Mortgage
$589,000
Outstanding Balance
$531,251
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$661,507

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
9 Academy Lane Llc $875,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 9 Academy Lane Llc $589,000
Closed 9 Academy Lane Llc $65,000
Previous Owner Pellegrino Dennis P $90,000
Previous Owner Pellegrino Dennis P $418,000
Previous Owner Pellegrino Dennis P $335,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $875,000 -5.4% $88 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $925,000 0.0% $93 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $925,000 -- $93 / 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 $18,559 $1,084,700 $253,400 $831,300
2023 $17,616 $1,084,700 $253,400 $831,300
2022 $17,713 $1,084,700 $253,400 $831,300
2021 $15,868 $624,000 $123,300 $500,700
2020 $16,012 $624,000 $123,300 $500,700
2019 $4,079 $624,000 $123,300 $500,700
2018 $9,594 $618,600 $123,300 $495,300
2017 $8,288 $618,600 $123,300 $495,300
2016 $3,856 $567,700 $85,300 $482,400
2015 $13,120 $567,700 $85,300 $482,400
2014 $12,819 $567,700 $85,300 $482,400
2013 $12,512 $567,700 $85,300 $482,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4819262

PrimeMLS

APN: WLPO-000021-000000-000013