NOT LISTED FOR SALE

45 Birch St Derry, NH 03038

Estimated Value: $974,891

-- Bed
3 Baths
6,662 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 30, 2024

Last sale price $1,225,000 $184 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $6,278/month

9 Days on Market

About This Home

As of July 2024

This multifamily property, with 100% occupancy and a 6.11% cap rate, is ideally situated just 3 miles from Route 93 in Derry, NH. Offering convenient walking access to local amenities and easy connections to major routes, including just 25 miles east to the NH Seacoast and 40 miles south to vibrant Boston, MA, 45 Birch is an exceptional investment opportunity in a prime location. Located within the Office Medical Business zone, this property uniquely combines residential and commercial opportunities, enhancing its appeal as a versatile investment option. The residential units include one 3-bedroom apartment, four 2-bedroom apartments, and three 1-bedroom apartments, along with a commercial unit, all of which have demonstrated consistent rental income and high occupancy rates.

Last Agent to Sell the Property

Krissy Laporte

Keller Williams Realty-Metropolitan License #069071 Listed on: 06/18/2024

Keller Williams Realty-Metropolitan

Last Buyer's Agent

Andrew White

RE/MAX Innovative Properties License #047225

RE/MAX Innovative Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,360

Year Built

  • Built in 1972

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Walk-Out Basement

Schools

  • Grinnell Elementary School
  • Gilbert H. Hood Middle School
  • Pinkerton Academy High School

Utilities

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

Community Details

  • 9 Units

Listing and Financial Details

  • Tax Block 86

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,360

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: From I-93, take Exit 4 for NH-102 E. Continue on NH-102 E for 6 miles, then turn left onto Birch St. From Route 101, take Exit 4 for NH-102 W. Continue for 3 miles, then turn right onto Birch St. Property is on the right.
  • Assessment Amount: 694400
  • Assessment Year: 2023
  • Construction: Existing
  • Total Stories: 2
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8128
  • Sq Ft - Apx Total Finished: 6662
  • Year Built: 1972
  • Remarks Public: This multifamily property, with 100% occupancy and a 6.11% cap rate, is ideally situated just 3 miles from Route 93 in Derry, NH. Offering convenient walking access to local amenities and easy connections to major routes, including just 25 miles east to the NH Seacoast and 40 miles south to vibrant Boston, MA, 45 Birch is an exceptional investment opportunity in a prime location. Located within the Office Medical Business zone, this property uniquely combines residential and commercial opportunities, enhancing its appeal as a versatile investment option. The residential units include one 3-bedroom apartment, four 2-bedroom apartments, and three 1-bedroom apartments, along with a commercial unit, all of which have demonstrated consistent rental income and high occupancy rates.
  • List Agent: 4893
  • Display On Internet: Internet - Cable
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Finished
  • Sq Ft - Apx Finished AG: 6662
  • Sq Ft - Apx Unfinished AG: 48
  • Sq Ft - Apx Unfinished BG: 1418

Exterior Features

  • Driveway: Paved
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air, Hot Water
  • Utilities: Cable
  • Water Source: Public

Schools

  • School District: Derry School District SAU #10
  • Elementary School: Grinnell Elementary School
  • Middle School: Gilbert H. Hood Middle School
  • High School: Pinkerton Academy
  • Elementary School: Grinnell Elementary School
  • High School: Pinkerton Academy

Lot Info

  • Map: 27
  • Lot Sq Ft: 13068
  • Lot Acres: 0.3
  • Surveyed: Unknown
  • Zoning: OMB
  • Deed Book: 3515
  • Deed Page: 1386
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 9
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 4
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 14360
  • Tax Year: 2023

MLS Schools

  • School District: Derry School District SAU #10
  • School Middle Jr: Gilbert H. Hood Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2000
Sold by
Jeffrey D White Real E
Bought by
St Marys Rlty T
Current Estimated Value
$974,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Outstanding Balance
$78,111
Interest Rate
7.83%
Mortgage Type
Commercial
Estimated Equity
$896,780
Source: Public Records

Range of Values:

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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
St Marys Rlty T $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open St Marys Rlty T $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2024 07/30/24 Sold $1,225,000 -23.4% $184 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $1,600,000 -- $240 / 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 $13,322 $712,800 $198,000 $514,800
2023 $14,360 $694,400 $132,000 $562,400
2022 $13,221 $694,400 $132,000 $562,400
2021 $13,252 $535,200 $132,000 $403,200
2020 $13,027 $535,200 $132,000 $403,200
2019 $13,274 $508,200 $100,800 $407,400
2018 $13,228 $508,200 $100,800 $407,400
2017 $5,084 $509,900 $136,300 $373,600
2016 $5,084 $523,900 $136,300 $387,600
2015 $13,621 $466,000 $136,300 $329,700
2014 $13,710 $466,000 $136,300 $329,700
2013 $14,211 $451,300 $136,300 $315,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5001086

PrimeMLS

APN: DERY-000027-000000-000086