Seller's Agent in 2019
Matt Lefebvre
Downtown Realty
(603) 554-2309
3 in this area
113 Total Sales
499 Beech St Manchester, NH 03104
Corey Square NeighborhoodEstimated Value: $1,804,045
--
Bed
16
Baths
6,638
Sq Ft
$272/Sq Ft
Est. Value
Highlights
- Wood Flooring
- High Speed Internet
- 1-minute walk to Bronstein Park
- Heating System Uses Steam
- Walk-Up Access
About This Home
As of December 2019This investment property is a turnkey, 16 unit building in the heart of Manchester. Comprised of twelve studio apartments, two studio deluxe apartments, and two 1BR apartments. With an average monthly rent of $775 this property has a stable tenant base and is a solid investment with some opportunities for growth. This building has seen a large number of capital improvements and cost saving measures including conversion of all systems to natural gas, new vinyl siding, insulation, new roofs, upgrading windows to vinyl replacement, unit renovations, installation of laundry room (with coin operated washer/dryer units), lead abatement work throughout the building and much more. This property has lead safe certificates on-file completed in 2013. While room for adding additional income or cutting expenses exists, this property is a perfect investment for someone looking for a stable building that produces a solid return. With a gross income of almost $150,000 and extremely low operating expenses, this is sure to turn a profit for any investor. Showings begin on 07/05/2019.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,423
Year Built
- Built in 1910
Lot Details
- 6,970 Sq Ft Lot
- Lot Sloped Up
Parking
- On-Street Parking
Home Design
- Wood Frame Construction
- Shingle Roof
- Membrane Roofing
- Vinyl Siding
Interior Spaces
- 16 Full Bathrooms
- 6,638 Sq Ft Home
- 3-Story Property
- Unfinished Basement
- Walk-Up Access
Flooring
- Wood
- Laminate
Utilities
- Heating System Uses Steam
- Heating System Uses Natural Gas
- 200+ Amp Service
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Block 0003
Community Details
Overview
- 16 Units
Building Details
- 1 Separate Gas Meter
- Operating Expense $31,575
- Gross Income $148,800
- Net Operating Income $109,784
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2019
Closed on
Nov 29, 2019
Sold by
1St Lighthouse Holdings
Bought by
United Property Invests
Seller's Agent
Matt Lefebvre
Downtown Realty
Buyer's Agent
Shaun Macdonald
Realty One Group Next Level
List Price
$1,120,000
Sold Price
$1,012,500
Premium/Discount to List
-$107,500
-9.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$791,545
Avg. Annual Appreciation
9.97%
Original Mortgage
$812,000
Outstanding Balance
$715,895
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,088,150
Purchase Details
Closed on
Oct 19, 2012
Sold by
499Bs Llc
Bought by
First Lighthouse Holdi
Purchase Details
Closed on
Apr 30, 2008
Sold by
Mcdade Properties Llc
Bought by
499Bs Llc
Purchase Details
Closed on
Jul 20, 2001
Sold by
Rgb Props Llc
Bought by
Mcdade James M and Mcdade Linda G
Purchase Details
Closed on
Feb 9, 1999
Sold by
Senecal David C
Bought by
51-53 West Auburn Rd R
Purchase Details
Closed on
May 13, 1998
Sold by
Dmb Corp
Bought by
Senecal Props Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| United Property Invests | $1,012,533 | -- | |
| First Lighthouse Holdi | $184,000 | -- | |
| First Lighthouse Holdi | $184,000 | -- | |
| 499Bs Llc | $825,000 | -- | |
| 499Bs Llc | $825,000 | -- | |
| Mcdade James M | $415,000 | -- | |
| Mcdade James M | $415,000 | -- | |
| 51-53 West Auburn Rd R | $23,000 | -- | |
| 51-53 West Auburn Rd R | $23,000 | -- | |
| Senecal Props Inc | $235,000 | -- | |
| Senecal Props Inc | $235,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | United Property Invests | $812,000 | |
| Previous Owner | Senecal Props Inc | $451,500 | |
| Previous Owner | Senecal Props Inc | $440,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2019 12/03/19 | Sold | $1,012,500 | -4.5% | $153 / Sq Ft |
| 10/05/2019 10/05/19 | Pending | -- | -- | -- |
| 09/13/2019 09/13/19 | Price Changed | $1,059,700 | -5.4% | $160 / Sq Ft |
| 08/12/2019 08/12/19 | For Sale | $1,120,000 | 0.0% | $169 / Sq Ft |
| 07/25/2019 07/25/19 | Pending | -- | -- | -- |
| 07/02/2019 07/02/19 | For Sale | $1,120,000 | 0.0% | $169 / Sq Ft |
| 12/18/2014 12/18/14 | Rented | $675 | 0.0% | -- |
| 12/18/2014 12/18/14 | For Rent | $675 | -- | -- |
Source: PrimeMLS
Tax History Compared to Growth
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 | $13,996 | $714,800 | $107,100 | $607,700 |
| 2023 | $13,481 | $714,800 | $107,100 | $607,700 |
| 2022 | $13,038 | $714,800 | $107,100 | $607,700 |
| 2021 | $12,638 | $714,800 | $107,100 | $607,700 |
| 2020 | $15,343 | $622,200 | $93,100 | $529,100 |
| 2019 | $6,095 | $609,100 | $93,100 | $516,000 |
| 2018 | $14,259 | $609,100 | $93,100 | $516,000 |
| 2017 | $14,245 | $609,100 | $93,100 | $516,000 |
| 2016 | $4,563 | $609,100 | $93,100 | $516,000 |
| 2015 | $14,177 | $604,800 | $93,100 | $511,700 |
| 2014 | $14,213 | $604,800 | $93,100 | $511,700 |
| 2013 | $13,711 | $604,800 | $93,100 | $511,700 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Lefebvre
-
Shaun Macdonald
Buyer's Agent in 2019
Shaun Macdonald
Realty One Group Next Level
(603) 533-1340
1 in this area
45 Total Sales
-
Mark Roy
M
Seller's Agent in 2014
Mark Roy
KW Coastal and Lakes & Mountains Realty/Wolfeboro
(603) 668-1505
8 Total Sales
-
B
Buyer's Agent in 2014
Brian Allwarden
Elm Grove Realty
Map
Source: PrimeMLS
MLS Number: 4762502
APN: MNCH-000093-000000-000003
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Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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