NOT LISTED FOR SALE

406 Central St Franklin, NH 03235

Estimated Value: $944,605

10 Beds
8 Baths
10,875 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 28, 2020

Last sale price $675,000 $62 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,108/month

7 Days on Market

Highlights

  • Hot Water Heating System
  • Historic Home
  • 3-minute walk to City Of Franklin
  • Trails

About This Home

As of October 2020

Mixed use 11 unit building. 3 occupied commercial spaces on the first floor and 8 residential units. There is consistent movement forward towards the development of Mill City Park, a community Whitewater and outdoor park that capitalizes on nature's gift; the rivers. The impact of Mill City Park is multi-faceted; providing outdoor recreation, community growth, and economic expansion with projections over $6.8 million in visitor spending in the Lakes Region! These along with new businesses, including a micro-brewery, and complimentary efforts throughout the city are putting Franklin back on the map! Franklin is a designated Opportunity Zone offering preferable tax benefits for certain new investments! Opportunity to grow, expand, or start anew is knocking!!!

Last Agent to Sell the Property

Katelyn Nash

Central Gold Key Realty License #070099 Listed on: 07/20/2020

Co-Listed By

Justine Foden

License #072889

Last Buyer's Agent

Katelyn Nash

Central Gold Key Realty License #070099 Listed on: 07/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,124

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Sloped Up
  • Historic Home

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Block Foundation
  • Membrane Roofing

Interior Spaces

  • 3-Story Property

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Block 156

Community Details

Overview

  • 11 Units

Recreation

  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,124

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Historic Vintage, Multi-Family, Multi-Level
  • Flood Zone: Unknown
  • Footprint: 3 Story
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 62.07
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 21750
  • Sq Ft - Apx Total Finished: 10875
  • Property Type: Multi-Family
  • Year Built: 1920
  • Remarks Public: Mixed use 11 unit building. 3 occupied commercial spaces on the first floor and 8 residential units. There is consistent movement forward towards the development of Mill City Park, a community Whitewater and outdoor park that capitalizes on nature's gift; the rivers. The impact of Mill City Park is multi-faceted; providing outdoor recreation, community growth, and economic expansion with projections over $6.8 million in visitor spending in the Lakes Region! These along with new businesses, including a micro-brewery, and complimentary efforts throughout the city are putting Franklin back on the map! Franklin is a designated Opportunity Zone offering preferable tax benefits for certain new investments! Opportunity to grow, expand, or start anew is knocking!!!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Sq Ft - Apx Finished AG: 10875
  • Sq Ft - Apx Unfinished AG: 10875

Exterior Features

  • Construction: Masonry
  • Exterior: Brick
  • Foundation: Block, Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane

Garage/Parking

  • Parking: On Street

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Utilities: Cable - Available

Lot Info

  • Map: 117
  • Lot: 000
  • Lot Sq Ft: 7405
  • Lot Acres: 0.17
  • Lot Description: City Lot, Sidewalks, Street Lights, Trail/Near Trail
  • Surveyed: Unknown
  • Zoning: B2
  • Deed Book: 3602
  • Deed Page: 2859
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 11
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 11124
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Oct 27, 2020
Sold by
Ifa Rlty Hldg-Franklin
Bought by
Black Bear Inv T Llc
Seller's Agent
Katelyn Nash
Central Gold Key Realty
Buyer's Agent
Katelyn Nash
Central Gold Key Realty
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%
Current Estimated Value
$944,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,605
Avg. Annual Appreciation
6.98%
Original Mortgage
$540,000
Outstanding Balance
$483,801
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$448,711

Purchase Details

Closed on
Jul 31, 2018
Sold by
Franklin Falls Mill Ll
Bought by
Ifa Realty Hldgs Frank

Purchase Details

Closed on
Feb 27, 2007
Sold by
Marino Francis E and Marino Jo Anne
Bought by
Franklin Falls Mill Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.23%
Mortgage Type
Commercial
Source: Public Records

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
Black Bear Inv T Llc $675,000 None Available
Ifa Realty Hldgs Frank $600,000 --
Franklin Falls Mill Ll $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Bear Inv T Llc $540,000
Previous Owner Franklin Falls Mill Ll $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2020 10/28/20 Sold $675,000 0.0% $62 / Sq Ft
07/27/2020 07/27/20 Off Market $675,000 -- --
07/27/2020 07/27/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $650,000 -- $60 / 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 $11,226 $654,600 $99,100 $555,500
2023 $10,644 $654,600 $99,100 $555,500
2022 $12,354 $506,500 $66,600 $439,900
2021 $11,756 $506,500 $66,600 $439,900
2020 $11,568 $506,500 $66,600 $439,900
2019 $11,381 $506,500 $66,600 $439,900
2018 $11,123 $506,500 $66,600 $439,900
2017 $7,908 $309,400 $41,200 $268,200
2016 $7,809 $309,500 $41,200 $268,300
2015 $5,402 $216,510 $28,980 $187,530
2011 $6,772 $314,700 $41,400 $273,300
Source: Public Records

Agents Affiliated with this Home

  • Katelyn Nash

    Seller's Agent in 2020

    Katelyn Nash

    Central Gold Key Realty

    (603) 455-6071

    39 in this area

    75 Total Sales

    Section Image
  • Justine Foden

    Seller Co-Listing Agent in 2020

    Justine Foden

    (603) 293-5084

    18 in this area

    55 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4817803

PrimeMLS

APN: FRKN-000117-000156

New Hampshire Merrimack County Franklin 03235

406 Central St, Franklin, NH

This home is located at 406 Central St, Franklin, NH 03235 since 20 July 2020 and is currently estimated at $944,605, approximately $86 per square foot. This property was built in 1920. 406 Central St is a home located in Merrimack County with nearby schools including Paul A. Smith School, Franklin Middle School, and Franklin High School.

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