NOT LISTED FOR SALE

425 Spruce St Manchester, NH 03103

Hallsville Neighborhood

Estimated Value: $418,045 - $446,000

4 Beds
2 Baths
1,760 Sq Ft
$247/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $155,000 $88 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $2,715/month

69 Days on Market

About This Home

As of August 2018

This centrally located, two-family investment property is only blocks away from parks, restaurants, and Elliot Hospital. Featuring 2 two-bedroom units both with long-term tenants, this property has a lot of value-add potential if rents were raised. This property has been professionally managed and maintained over the last few years with many new upgrades including a newer roof, newer vinyl siding, installation of a vapor barrier with crushed stone in the basement, and much more! All utilities are paid for by their respective tenants, with on-street parking available, and being on a small lot, there's almost no snow or yard maintenance for you to take care of! Come check out this turn-key investment property today. Please contact Matthew Lefebvre of Elm Grove Realty at 603-554-2309.

Last Agent to Sell the Property

Matt Lefebvre

Downtown Realty License #070207 Listed on: 05/15/2018

Last Buyer's Agent

Lisa Major

Keller Williams Realty Metro-Londonderry License #064746

Keller Williams Realty Metro-Londonderry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,629

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Sloped Up

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,760 Sq Ft Home
  • 2-Story Property

Basement

  • Connecting Stairway
  • Interior Basement Entry

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Block 0001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $5,174
  • Gross Income $17,700
  • Net Operating Income $12,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,629

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Directions: Rt-28 N (Maple St) to Spruce Street. Take Spruce Street (one-way heading east). Property is at intersection of Spruce Street and Old Falls Road. Park on-street.
  • Assessment Amount: 155600
  • Assessment Year: 2017
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 88.07
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2640
  • Sq Ft - Apx Total Finished: 1760
  • Year Built: 1900
  • List Agent: 4927
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Gravel, No Tenant Access, Stairs - Interior
  • Sq Ft - Apx Finished AG: 1760
  • Sq Ft - Apx Unfinished BG: 880

Exterior Features

  • Construction: Wood Frame
  • Exterior: Vinyl Siding
  • Foundation: Fieldstone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown

Garage/Parking

  • Parking: On Street

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Steam
  • 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

Lot Info

  • Map: 0095
  • Lot: 0000
  • Lot Sq Ft: 1742
  • Lot Acres: 0.04
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R3
  • Deed Book: 8538
  • Deed Page: 814
  • Deed Recorded Type: Foreclosure

Multi Family

  • Gross Income: 17700
  • Net Income: 12526
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 3629
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Aug 30, 2018
Sold by
1St Lighthouse Holding
Bought by
Christopher S Neves Re
Seller's Agent
Matt Lefebvre
Downtown Realty
Buyer's Agent
Lisa Major
Keller Williams Realty Metro-Londonderry
List Price
$159,700
Sold Price
$155,000
Premium/Discount to List
-$4,700
-2.94%
Current Estimated Value
$435,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,261
Avg. Annual Appreciation
15.49%
Original Mortgage
$131,750
Outstanding Balance
$114,657
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$320,604

Purchase Details

Closed on
Mar 15, 2013
Sold by
Lavertu Christopher Jul and Compass Bank
Bought by
First Lighthouse Holdi

Purchase Details

Closed on
Jul 24, 2002
Sold by
Dupont Robert E
Bought by
Lavertu Christopher Jul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,910
Interest Rate
6.73%
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
Christopher S Neves Re $155,000 --
Christopher S Neves Re $155,000 --
First Lighthouse Holdi $44,000 --
First Lighthouse Holdi $44,000 --
Lavertu Christopher Jul $129,000 --
Lavertu Christopher Jul $129,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christopher S Neves Re $131,750
Closed Christopher S Neves Re $131,750
Previous Owner Lavertu Christopher Jul $85,953
Previous Owner Lavertu Christopher Jul $116,910
Closed Lavertu Christopher Jul $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2018 08/29/18 Sold $155,000 -2.9% $88 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $159,700 0.0% $91 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $159,700 -- $91 / 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 $5,110 $261,000 $64,400 $196,600
2023 $4,922 $261,000 $64,400 $196,600
2022 $4,761 $261,000 $64,400 $196,600
2021 $4,614 $261,000 $64,400 $196,600
2020 $3,840 $155,700 $44,400 $111,300
2019 $31,896 $155,700 $44,400 $111,300
2018 $31,090 $155,700 $44,400 $111,300
2017 $3,495 $155,600 $44,400 $111,200
2016 $22,804 $155,600 $44,400 $111,200
2015 $3,333 $142,200 $44,400 $97,800
2014 $3,342 $142,200 $44,400 $97,800
2013 $3,224 $142,200 $44,400 $97,800
Source: Public Records

Agents Affiliated with this Home

  • Matt Lefebvre

    Seller's Agent in 2018

    Matt Lefebvre

    Downtown Realty

    (603) 554-2309

    3 in this area

    115 Total Sales

    Matt Lefebvre
    Section Image
  • Lisa Major

    Buyer's Agent in 2018

    Lisa Major

    Keller Williams Realty Metro-Londonderry

    (603) 327-7839

    111 Total Sales

    Lisa Major
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4692824

PrimeMLS

APN: MNCH-000095-000000-000001

New Hampshire Hillsborough County Manchester 03103 Hallsville

425 Spruce St, Manchester, NH

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