NOT LISTED FOR SALE

503 Beech St Manchester, NH 03104

Corey Square Neighborhood

Estimated Value: $673,900

-- Bed
3 Baths
2,960 Sq Ft
$228/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $430,000 $145 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,091/month

1 Day on Market

Highlights

  • Interior Lot
  • Baseboard Heating
  • Carpet
  • Zoned Heating
  • Asbestos
  • 1-minute walk to Bronstein Park

About This Home

As of November 2020

LONG STANDING and WELL ESTABLISHED FULLY LEASED 10-UNIT ROOMING HOUSE in convenient Downtown location facing City Park & easy walking distance to restaurants, shops & the Palace Theater. EXTREMELLY well maintained throughout including NEW ROOF, NEW WINDOWS, FULLY INSULATED, 8 Car Paved/striped parking, Security Entrances, Sprinkler system. Very STABLE rental history w/many long term residents. Communal Kitchen, Multiple baths , Coin-Op laundry. GROSS $ 85,950.00 ( 2019 TAX RETURNS OF $77,585.00 PRIOR TO RENTAL INCREASES) . Expenses $21,985.00. SOLID NET $ 63,965.00. CAP RATE 6.72% . Rarely a Vacancy in this small Congregate Living Housing that fits a much needed niche in Greater Manchester.

Last Agent to Sell the Property

Pierre Peloquin

Pierre Peloquin Realty License #002205 Listed on: 10/09/2020

Last Buyer's Agent

Pierre Peloquin

Pierre Peloquin Realty License #002205 Listed on: 10/09/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,555

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Interior Lot
  • Lot Sloped Up

Home Design

  • Garden Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 3 Full Bathrooms
  • 2,960 Sq Ft Home
  • 2.5-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry

Parking

  • 510 Car Parking Spaces
  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 02 / 11

Community Details

Overview

  • 10 Units

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $21,985
  • Gross Income $85,950
  • Net Operating Income $63,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,555

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Garden
  • Directions: South on Beech Street to #503 just before Hanover Street
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 145.27
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2960
  • Sq Ft - Apx Total Finished: 2960
  • Property Type: Multi-Family
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 2960

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown

Garage/Parking

  • Parking: Driveway, On-Site, Parking Spaces 5 - 10, Paved

Utilities

  • Electric: 200 Amp
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Free Standing, Owned, Tank
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Multi Zone
  • Cooling: Central AC
  • Total Electric Meters: 1
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 1
  • Total Refrigerators: 11
  • Total Water Heaters: 1
  • Trash: Municipal
  • Utilities: Cable

Lot Info

  • Map: 93
  • Lot: 02
  • Lot Sq Ft: 6534
  • Lot Acres: 0.15
  • Lot Description: City Lot, Curbing, Interior Lot
  • Zoning: res
  • Deed Book: 8596
  • Deed Page: 1446
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 85950
  • Net Income: 63965
  • Total Full Baths: 3
  • Total Units: 10
  • Total1 Bedroom Units: 10

Tax Info

  • Tax Gross Amount: 6555
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Nov 23, 2020
Sold by
503 Beech Street Llc
Bought by
Ahem Llc
Seller's Agent
Pierre Peloquin
Pierre Peloquin Realty
Buyer's Agent
Pierre Peloquin
Pierre Peloquin Realty
List Price
$430,000
Sold Price
$430,000
Current Estimated Value
$673,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,900
Avg. Annual Appreciation
9.21%
Original Mortgage
$330,000
Outstanding Balance
$293,653
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$380,247

Purchase Details

Closed on
Aug 22, 2013
Sold by
Mcdade Props Llc
Bought by
503 Beech Street Llc

Purchase Details

Closed on
Oct 17, 2003
Sold by
William R Louis Ft
Bought by
Mcdade Props Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.43%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ahem Llc $430,000 None Available
Ahem Llc $430,000 None Available
503 Beech Street Llc $153,000 --
503 Beech Street Llc $153,000 --
Mcdade Props Llc $256,000 --
Mcdade Props Llc $256,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahem Llc $330,000
Closed Ahem Llc $330,000
Previous Owner Mcdade Props Llc $180,000
Previous Owner Mcdade Props Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2020 11/23/20 Sold $430,000 0.0% $145 / Sq Ft
10/10/2020 10/10/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $430,000 -- $145 / 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 $6,853 $350,000 $107,100 $242,900
2023 $6,601 $350,000 $107,100 $242,900
2022 $6,384 $350,000 $107,100 $242,900
2021 $6,188 $350,000 $107,100 $242,900
2020 $6,557 $265,900 $93,100 $172,800
2019 $6,467 $265,900 $93,100 $172,800
2018 $6,297 $265,900 $93,100 $172,800
2017 $6,201 $265,900 $93,100 $172,800
2016 $6,153 $265,900 $93,100 $172,800
2015 $6,087 $259,700 $93,100 $166,600
2014 $6,103 $259,700 $93,100 $166,600
2013 $5,887 $259,700 $93,100 $166,600
Source: Public Records

Agents Affiliated with this Home

  • Pierre Peloquin

    Seller's Agent in 2020

    Pierre Peloquin

    Pierre Peloquin Realty

    (603) 661-4225

    8 in this area

    122 Total Sales

    Pierre Peloquin
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Map

Source: PrimeMLS

MLS Number: 4833264

PrimeMLS

APN: MNCH-000093-000000-000002

New Hampshire Hillsborough County Manchester 03104 Corey Square

503 Beech St, Manchester, NH

Not Listed for Sale

MultiFamily

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