NOT LISTED FOR SALE

506 Notre Dame Ave Manchester, NH 03102

Rimmon Heights Neighborhood

Estimated Value: $602,000 - $646,000

6 Beds
3 Baths
3,552 Sq Ft
$175/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $516,000 $145 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,061/month

4 Days on Market

Highlights

  • A-Frame Home
  • High Speed Internet
  • 2-minute walk to Simpson Park
  • 2 Car Detached Garage

About This Home

As of June 2023

Looking for that ideal multi-family to either owner occupy and/or have as a starter investment in an outstanding west side neighborhood? Perhaps this is for you! Nice highly sought after westside location in Manchester. Over looks park/river/downtown. Incredible opportunity to own this low-maintenance, turn-key very easy to maintain 3-family investment! Very spacious 1, 2-3, & 3-4 BR units with a detached 2 stall garage plus plenty of parking. ALL WITH SEPARATE UTILS under one original SLATE roof! The slate has been there 100+ yrs and will likely survive a 100 more. Each apt has a porch/deck and their own private laundry hook ups. These apts are super easy to rent being in a nice westside highly desired neighborhood. 4 parking spaces for easy rentability. All-natural gas heating/hot water for best affordability for your tenants. 1st floor oil fired boiler only a few years old. Landlord pays water/sewer, that’s it. This property has been self-managed bearing pride/commitment using a no-nonsense approach for the last 23 years with the utmost scrutiny when selecting tenants. Current tenants are professional, quiet, respectable, having no dogs, and none are on housing. Current rents are a bit below market, with easy potential for increases due to current high demand rental market. COCs don’t get better than this, to be issued April of 2023! (Listing agent is the owner and a Licensed Real Estate Sales Agent)

Last Agent to Sell the Property

Mike Bunie

Pierre Peloquin Realty License #053531 Listed on: 04/24/2023

Last Buyer's Agent

Mike Bunie

Pierre Peloquin Realty License #053531 Listed on: 04/24/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,555

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 2 Car Detached Garage

Home Design

  • A-Frame Home
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Walk-Out Basement

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 33 / 1

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $11,077
  • Gross Income $45,060
  • Net Operating Income $33,983

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,555

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: A Frame
  • Directions: From Kelley, South on Notre Dame
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 145.27
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6976
  • Sq Ft - Apx Total Finished: 3552
  • Year Built: 1910
  • Remarks Public: Looking for that ideal multi-family to either owner occupy and/or have as a starter investment in an outstanding west side neighborhood? Perhaps this is for you! Nice highly sought after westside location in Manchester. Over looks park/river/downtown. Incredible opportunity to own this low-maintenance, turn-key very easy to maintain 3-family investment! Very spacious 1, 2-3, & 3-4 BR units with a detached 2 stall garage plus plenty of parking. ALL WITH SEPARATE UTILS under one original SLATE roof! The slate has been there 100+ yrs and will likely survive a 100 more. Each apt has a porch/deck and their own private laundry hook ups. These apts are super easy to rent being in a nice westside highly desired neighborhood. 4 parking spaces for easy rentability. All-natural gas heating/hot water for best affordability for your tenants. 1st floor oil fired boiler only a few years old. Landlord pays water/sewer, that’s it. This property has been self-managed bearing pride/commitment using a no-nonsense approach for the last 23 years with the utmost scrutiny when selecting tenants. Current tenants are professional, quiet, respectable, having no dogs, and none are on housing. Current rents are a bit below market, with easy potential for increases due to current high demand rental market. COCs don’t get better than this, to be issued April of 2023! (Listing agent is the owner and a Licensed Real Estate Sales Agent)
  • List Agent: 2338
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete Floor
  • Sq Ft - Apx Finished AG: 3552
  • Sq Ft - Apx Unfinished AG: 1840
  • Sq Ft - Apx Unfinished BG: 1584

Exterior Features

  • Construction: Masonry
  • Driveway: Concrete
  • Exterior: Block
  • Foundation: Slab - Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle

Garage/Parking

  • Garage Capacity: 2
  • Parking: Parking Spaces 4
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural Available
  • Heating: Gas Heater
  • Separate Utilities: Yes
  • Utilities: Cable, Internet - Cable

Lot Info

  • Map: 182
  • Lot: 33
  • Lot Sq Ft: 6098
  • Lot Acres: 0.14
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RES
  • Deed Book: 8904
  • Deed Page: 0244
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 45060
  • Net Income: 33983
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 7555
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
Jun 6, 2023
Sold by
Mike Bunie Inc
Bought by
Colon Vent Solutions Llc
Seller's Agent
Mike Bunie
Pierre Peloquin Realty
Buyer's Agent
Mike Bunie
Pierre Peloquin Realty
List Price
$499,000
Sold Price
$516,000
Premium/Discount to List
$17,000
3.41%
Views
28
Current Estimated Value
$621,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,290
Avg. Annual Appreciation
6.40%

Purchase Details

Closed on
Oct 4, 2016
Sold by
Bunie Michael J
Bought by
Mike Bunie Inc

Purchase Details

Closed on
Jan 3, 2000
Sold by
Aubin Roger and Aubin Anita
Bought by
Banie Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage
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
Colon Vent Solutions Llc $525,000 None Available
Mike Bunie Inc -- --
Banie Michael J $128,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banie Michael J $115,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2023 06/08/23 Sold $516,000 +3.4% $145 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $499,000 -- $140 / 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 $8,110 $414,200 $86,500 $327,700
2023 $7,812 $414,200 $86,500 $327,700
2022 $7,555 $414,200 $86,500 $327,700
2021 $7,323 $414,200 $86,500 $327,700
2020 $6,345 $257,300 $59,700 $197,600
2019 $6,258 $257,300 $59,700 $197,600
2018 $6,093 $257,300 $59,700 $197,600
2017 $6,000 $257,300 $59,700 $197,600
2016 $5,954 $257,300 $59,700 $197,600
2015 $5,860 $250,000 $59,700 $190,300
2014 $5,875 $250,000 $59,700 $190,300
2013 $5,668 $250,000 $59,700 $190,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mike Bunie

    Pierre Peloquin Realty

    (603) 668-9923

    4 in this area

    12 Total Sales

    Mike Bunie
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Map

Source: PrimeMLS

MLS Number: 4949821

PrimeMLS

APN: MNCH-000182-000000-000033

New Hampshire Hillsborough County Manchester 03102 Rimmon Heights

506 Notre Dame Ave, Manchester, NH

This home is located at 506 Notre Dame Ave, Manchester, NH 03102 since 24 April 2023 and is currently estimated at $621,290, approximately $174 per square foot. This property was built in 1910. 506 Notre Dame Ave is a home located in Hillsborough County with nearby schools including Northwest Elementary School, Middle School at Parkside, and Manchester West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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