NOT LISTED FOR SALE

40 Merrimac St Unit 2 Portsmouth, NH 03801

Estimated Value: $796,000 - $1,118,000

2 Beds
2.5 Baths
1,290 Sq Ft
$692/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $625,000 $484 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,874/month

4 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Zoned Cooling
  • Little Harbour School Rated A
  • Combination Kitchen and Living
  • 2-minute walk to Rye Harbor State Park

About This Home

As of August 2021

IMMACULATE, beautifully updated townhouse condo in LITTLE HARBOUR school district, tucked away on quiet low traffic street in a highly desirable neighborhood. Many recent upgrades! EASY WALK to vibrant downtown Portsmouth’s award-winning restaurants, coffee shops, the Music Hall, Prescott Park, Strawberry Banke, the Farmers Market, local parks, and the waterfront. Boasting 1300 square feet of living space on two floors, 2 spacious bedrooms, 2.5 baths, AIR CONDITIONG and a GAS FIREPLACE. The gourmet kitchen features granite countertops w/breakfast bar, a tile backsplash, stainless appliances including a dishwasher, gas range and hung microwave. The OPEN CONCEPT kitchen overlooks the living room, ideal space for entertaining. Gorgeous oak hardwood flooring and custom lighting fixtures throughout, Hunter Douglass Plantation Shutters in every room. Enjoy morning coffee on your private porch. Head upstairs, you will find a full MASTER SUITE with a vaulted ceiling and tiled walk-in shower, plus there is an additional bedroom and private full bath. Walkout basement with laundry area and phenomenal storage/workshop space. OFF STREET PARKING for two vehicles included. Efficient natural gas baseboard heat, new water heater, and wall mounted mini splits for zoned cooling in each room. 3-unit, self-managed condo association, Pet friendly. Showings begin on FRIDAY 5/21 between 3:00 and 5:00, SATURAY 5/22 between 12:00 and 2:00 BY PRIVATE APPOINTMENT ONLY.

Last Agent to Sell the Property

Jeff Levine

KW Coastal and Lakes & Mountains Realty License #057943 Listed on: 05/19/2021

KW Coastal and Lakes & Mountains Realty

Last Buyer's Agent

Barbara Shea-Smucker

Tate & Foss Sotheby's International Rlty License #032636

Tate & Foss Sotheby's International Rlty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,647

Year Built

  • Built in 1870

HOA Fees

  • $467 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 2-Story Property
  • Gas Fireplace
  • Combination Kitchen and Living

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Basement Storage

Parking

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

Schools

  • Little Harbor Elementary School
  • Portsmouth Middle School
  • Portsmouth High School

Utilities

  • Zoned Cooling
  • Mini Split Air Conditioners
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Additional Features

  • Deck
  • Landscaped

Community Details

  • Association fees include landscaping, plowing
  • Eldredge Place Condos

Listing and Financial Details

  • Legal Lot and Block 0002 / 0018

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,647

Year Built

Built in 1870

Lot Details

0

HOA Fees

$467 per month

Listing Details

  • Status Detail: Closed
  • Style: Townhouse
  • Directions: From Downtown Portsmouth: Take Middle St. to intersection of Miller Avenue. Turn Right onto Merrimac St, building on the left.
  • Units per Building: 3
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 484.5
  • Property Class: Residential
  • Property Type: Condo
  • Year Built: 1870
  • L A1 M M S I Memberkey: 20333
  • List Agent: 15752
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 71338
  • S A1 M M S I Memberkey: 12920
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 71304
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range - Gas, Refrigerator, Washer
  • Features Interior: Fireplace - Gas, Kitchen/Living, Master BR w/ BA, Laundry - Basement
  • Total Bedrooms: 2
  • Flooring: Hardwood, Tile
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Full, Storage Space, Unfinished, Walkout
  • Level 1: Level 1: Kitchen - Eat-in, Level 1: Living Room
  • Level 2: Level 2: Bedroom, Level 2: Master Bdm Suite
  • Room 1: Kitchen - Eat-in, On Level: 1
  • Room 2: Living Room, On Level: 1
  • Room 3: MBR Suite, On Level: 2
  • Room 4: Bedroom, On Level: 2
  • Sq Ft - Apx Finished AG: 1290
  • Sq Ft - Apx Total: 1832
  • Sq Ft - Apx Total Finished: 1290
  • Sq Ft - Apx Unfinished BG: 542

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood Siding
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Deck

Garage/Parking

  • Parking: Off Street, Parking Spaces 2

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Cooling: Multi Zone, Mini Split
  • Utilities: Internet - Cable

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Fee: 467
  • Fee Includes: Landscaping, Plowing
  • Condo Fees: Yes
  • Condo Name: Eldredge Place

Schools

  • Elementary School: Little Harbor School
  • High School: Portsmouth High School

Lot Info

  • Map: 0129
  • Lot: 0002
  • Lot Description: Landscaped, Level
  • Surveyed: Unknown
  • Zoning: GRA
  • Deed Book: 5907
  • Deed Page: 0374
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: 2

Tax Info

  • Tax Gross Amount: 6647
  • Tax Year: 2020

MLS Schools

  • School Middle Jr: Portsmouth Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2018
Closed on
Apr 20, 2018
Sold by
Umile Richard C
Bought by
Brown Ft
Seller's Agent
Cynthia Winthrop
BHHS Verani Seacoast
Buyer's Agent
Jeff Levine
KW Coastal and Lakes & Mountains Realty
List Price
$469,000
Sold Price
$475,000
Premium/Discount to List
$6,000
1.28%
Current Estimated Value
$892,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,354
Avg. Annual Appreciation
8.64%
Original Mortgage
$356,250
Outstanding Balance
$306,511
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$585,843

Purchase Details

Closed on
May 30, 1995
Bought by
Umile Richard C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brown Ft $475,000 --
Umile Richard C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Ft $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2021 08/02/21 Sold $625,000 +8.7% $484 / Sq Ft
05/23/2021 05/23/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $575,000 0.0% $446 / Sq Ft
11/04/2019 11/04/19 Rented $2,800 0.0% --
10/17/2019 10/17/19 For Rent $2,800 0.0% --
04/20/2018 04/20/18 Sold $475,000 +1.3% $368 / Sq Ft View Prior Sale
03/25/2018 03/25/18 Pending -- -- --
03/23/2018 03/23/18 For Sale $469,000 -- $364 / 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 $8,512 $761,400 $0 $761,400
2023 $8,351 $517,700 $0 $517,700
2022 $7,869 $517,700 $0 $517,700
2021 $7,781 $517,700 $0 $517,700
2020 $6,647 $452,200 $0 $452,200
2019 $6,720 $452,200 $0 $452,200
2018 $7,268 $465,600 $0 $465,600
2017 $6,914 $465,600 $0 $465,600
2016 $6,666 $391,200 $0 $391,200
2015 $6,568 $391,200 $0 $391,200
2014 $6,156 $340,100 $0 $340,100
2013 $6,091 $340,100 $0 $340,100
2012 $5,969 $340,100 $0 $340,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4861605

PrimeMLS

APN: PRSM-000129-000018-000002