NOT LISTED FOR SALE

47 Main St Gorham, NH 03581

Estimated Value: $236,975

5 Beds
3 Baths
2,750 Sq Ft
$86/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $122,000 $44 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $1,689/month

198 Days on Market

Highlights

  • Hot Water Heating System
  • Level Lot
  • 2-minute walk to Mt Washington State Park
  • Trails

About This Home

As of May 2020

Turn key investment opportunity in the heart of the NH White Mountains. Located on lower Main St, this three unit is fully occupied at this time. All tenants pay their own heat and hot water. Landlord pays the water, tax and insurance, as well as lawn maintenance and snow plowing. The upper unit is a highly desirable three bedroom unit with a new bathroom and spacious floor plan. The two one bedroom units are on the first floor and also have low vacancy rates. The property boasts a large flat lot within walking distance to parks, shops, schools and restaurants.

Last Listed By

Wayne Micucci

RE/MAX Northern Edge Realty LLC Listed on: 08/21/2019

RE/MAX Northern Edge Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,337

Year Built

  • Built in 1870

Lot Details

  • 0.59 Acre Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 510 Car Parking Spaces
  • Dirt Driveway

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Electric Water Heater
  • Phone Available

Listing and Financial Details

  • Tax Lot 48

Community Details

Recreation

  • Trails

Additional Features

  • 3 Units
  • Gross Income $24,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,337

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 44.36
  • Year Built: 1870
  • Remarks Public: Turn key investment opportunity in the heart of the NH White Mountains. Located on lower Main St, this three unit is fully occupied at this time. All tenants pay their own heat and hot water. Landlord pays the water, tax and insurance, as well as lawn maintenance and snow plowing. The upper unit is a highly desirable three bedroom unit with a new bathroom and spacious floor plan. The two one bedroom units are on the first floor and also have low vacancy rates. The property boasts a large flat lot within walking distance to parks, shops, schools and restaurants.
  • List Agent: 12542
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Bulkhead, Full, Unfinished
  • Sq Ft - Apx Finished AG: 2750
  • Sq Ft - Apx Unfinished BG: 1078

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt
  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: Driveway, Parking Spaces 5 - 10

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Off Boiler
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Municipal
  • Utilities: Phone

Schools

  • School District: Gorham School District SAU #20

Lot Info

  • Map: U2
  • Lot: 48
  • Lot Sq Ft: 25700
  • Lot Acres: 0.59
  • Lot Description: City Lot, Level, Trail/Near Trail
  • Surveyed: Unknown
  • Zoning: RA
  • Deed Book: 1199
  • Deed Page: 444
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 24500
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 3337
  • Tax Year: 2018

MLS Schools

  • School District: Gorham School District SAU #20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
May 19, 2020
Sold by
Miller Steven E and Miller Laurie P
Bought by
Estabrook Megan and Estabrook David
Seller's Agent
Wayne Micucci
RE/MAX Northern Edge Realty LLC
Buyer's Agent
Darlene Ellis
EXP Realty
List Price
$149,900
Sold Price
$122,000
Premium/Discount to List
-$27,900
-18.61%
Total Days on Market
198
Current Estimated Value
$236,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,975
Avg. Annual Appreciation
13.95%
Original Mortgage
$91,500
Outstanding Balance
$82,312
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$149,989

Purchase Details

Closed on
Dec 11, 2006
Sold by
Segnitz Timothy J
Bought by
Miller Steven E and Miller Laurie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,125
Interest Rate
6.4%

Purchase Details

Closed on
Sep 7, 2004
Sold by
Tassey Matthew S and Tassey Lona G
Bought by
Segmitz Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2001
Sold by
Guay Raymond J and Guay Paul J
Bought by
Tassey Matthew S and Tassey Lora G

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
Estabrook Megan $122,000 None Available
Miller Steven E $137,500 --
Segmitz Timothy J $85,000 --
Tassey Matthew S $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estabrook Megan $91,500
Previous Owner Miller Steven E $94,750
Previous Owner Tassey Matthew S $103,125
Previous Owner Tassey Matthew S $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2020 05/26/20 Sold $122,000 -18.6% $44 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
08/21/2019 08/21/19 For Sale $149,900 -- $55 / 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 $4,427 $156,500 $26,600 $129,900
2023 $3,842 $156,500 $26,600 $129,900
2022 $3,795 $156,500 $26,600 $129,900
2021 $3,254 $91,400 $16,600 $74,800
2020 $2,911 $91,400 $16,600 $74,800
2019 $3,087 $91,400 $16,600 $74,800
2018 $3,337 $91,400 $16,600 $74,800
2017 $3,103 $91,400 $16,600 $74,800
2014 $3,553 $115,800 $23,500 $92,300
2010 $3,183 $132,900 $25,300 $107,600
Source: Public Records

Agents Affiliated with this Home

  • Wayne Micucci

    Seller's Agent in 2020

    Wayne Micucci

    RE/MAX

    (603) 723-7015

    Section Image
  • Darlene Ellis

    Buyer's Agent in 2020

    Darlene Ellis

    EXP Realty

    (603) 867-5859

    51 Total Sales

    Darlene Ellis
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4772639

PrimeMLS

APN: GORH-000002-000000-000048-U000000

New Hampshire Coos County Gorham 03581

47 Main St, Gorham, NH

Homes for Sale in Gorham, NH

This home is located at 47 Main St, Gorham, NH 03581 since 21 August 2019 and is currently priced at $236,975, approximately $86 per square foot. This property was built in 1870. 47 Main St is a home located in Coos County with nearby schools including Edward Fenn Elementary School, Gorham Middle School, and Gorham High School.

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