NOT LISTED FOR SALE

Estimated Value: $1,416,399

6 Beds
3 Baths
3,971 Sq Ft
$357/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $1,350,000 $340 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,286/month

136 Days on Market

Highlights

  • Water Views
  • Deck
  • Balcony
  • Maude H. Trefethen School Rated A+
  • Wood Flooring
  • 2-minute walk to Great Island Common

About This Home

As of April 2024

New Castle mixed use property with water views and in town location! Five units incl. the Islander Cafe, which will continue to stay on to serve breakfast, lunches, coffee and more in the 15 seat restaurant w/add'l outdoor seating for 4, plus 4 deeded parking spaces out front. The Cafe was completely rehabbed down to the studs in 2021-22. All new appliances, flooring, seating, counters, walk in frig. in store room, spacious bath and office, as well as all new cooktops, gas range, ice maker, prep sinks, fridge and wash areas. Four residential units consist of two-2 bdrms, One-1 bdrm, & 1 studio. The common rear yard is partially fenced in for privacy, grilling, sunning, gardening. Some have waterviews of the Piscataqua River to watch the boat traffic from your deck or window! Hdwd floors & arched doorways are wonderful characteristics of this 1890 building. The orig.lot was owned by the Town and used as the minister's "Parsonage Garden", then built into apts., then changed to Prohaska's Grocery Store with Jennie Britton's ice cream & candy shop occupying the first level, then to the final hands of Henry Greenberg's apartments & store for almost the same usage today! Newer oil heating syst., new roof, updated elect., fire alarm syst, res. laundry on site. Centered in the quaint village of New Castle, jaunt down the street to the beach, dog park, & lighthouses. Nearby Wentworth Golf Course, Wentworth Hotel/Spa & Marina. Low NC taxes.

Last Agent to Sell the Property

Terri Golter

RE/MAX Shoreline License #000689 Listed on: 09/01/2023

RE/MAX Shoreline

Last Buyer's Agent

John Samonas

Samonas Realty, LLC License #056561

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,283

Year Built

  • Built in 1890

Lot Details

  • 3,485 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Garden

Home Design

  • Brick Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clapboard

Interior Spaces

  • 3 Full Bathrooms
  • 2.5-Story Property
  • Water Views

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Walk-Up Access
  • Connecting Stairway
  • Dirt Floor

Parking

  • 4 Car Parking Spaces
  • On-Site Parking
  • Deeded Parking

Outdoor Features

  • Balcony
  • Deck
  • Shed

Schools

  • Maude H. Trefethen Elementary School
  • Rye Junior High School
  • Portsmouth High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Generator Hookup
  • 200+ Amp Service
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: There are some appliances within the Cafe that the bus. owner owns.
  • Tax Lot 055
  • 5% Total Tax Rate

Community Details

Overview

  • 5 Units
  • The Islander Cafe Building Subdivision

Building Details

  • Operating Expense $20,335
  • Gross Income $52,800
  • Net Operating Income $32,465

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,283

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Development Subdivision: The Islander Cafe Building
  • Directions: Center of town in New Castle across from the Town Hall
  • Flood Zone: Yes
  • Footprint: 36 x 33 + 22 x 16
  • Construction: Existing
  • Items Excluded: There are some appliances within the Cafe that the bus. owner owns.
  • Total Stories: 2.5
  • Plan Survey Number: D-17368
  • Price Per Sq Ft: 339.96
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5783
  • Sq Ft - Apx Total Finished: 3971
  • Year Built: 1890
  • Remarks Public: New Castle mixed use property with water views and in town location! Five units incl. the Islander Cafe, which will continue to stay on to serve breakfast, lunches, coffee and more in the 15 seat restaurant w/add'l outdoor seating for 4, plus 4 deeded parking spaces out front. The Cafe was completely rehabbed down to the studs in 2021-22. All new appliances, flooring, seating, counters, walk in frig. in store room, spacious bath and office, as well as all new cooktops, gas range, ice maker, prep sinks, fridge and wash areas. Four residential units consist of two-2 bdrms, One-1 bdrm, & 1 studio. The common rear yard is partially fenced in for privacy, grilling, sunning, gardening. Some have waterviews of the Piscataqua River to watch the boat traffic from your deck or window! Hdwd floors & arched doorways are wonderful characteristics of this 1890 building. The orig.lot was owned by the Town and used as the minister's "Parsonage Garden", then built into apts., then changed to Prohaska's Grocery Store with Jennie Britton's ice cream & candy shop occupying the first level, then to the final hands of Henry Greenberg's apartments & store for almost the same usage today! Newer oil heating syst., new roof, updated elect., fire alarm syst, res. laundry on site. Centered in the quaint village of New Castle, jaunt down the street to the beach, dog park, & lighthouses. Nearby Wentworth Golf Course, Wentworth Hotel/Spa & Marina. Low NC taxes.
  • List Agent: 22725
  • Display On Internet: Internet - Cable
  • Architectural Style: Apartment Building
  • ResoLotFeatures: Level, Water View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater – Separate
  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Bulkhead, Dirt Floor, Full, Partial, Stairs - Exterior, Unfinished
  • Sq Ft - Apx Finished AG: 3971
  • Sq Ft - Apx Unfinished AG: 300
  • Sq Ft - Apx Unfinished BG: 1512

Exterior Features

  • Foundation: Block, Brick, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle
  • Features Exterior: Balcony, Deck, Fence - Partial, Garden Space, Shed
  • Water Body Type: River
  • Water Body Name 2: Piscataqua River
  • Water View: Yes
  • Construction Type: Wood Frame, Clapboard Exterior

Garage/Parking

  • Parking: Deeded, On-Site, Parking Spaces 4

Utilities

  • Cable Company: comcast
  • Electric: 200 Amp, Circuit Breaker(s), Generator Ready
  • Sewer: Public Sewer On-Site
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Multi Zone
  • Cooling: Wall AC Units
  • Electric Company: Eversource
  • Phone Company: Comcast
  • Separate Utilities: Varies
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Trash: Curbside
  • Utilities: Cable - Available, Telephone Available
  • Water Source: Public Water - On-Site

Condo/Co-op/Association

  • Management Company: self managed

Schools

  • School District: New Castle
  • Elementary School: Maude H. Trefethen School
  • Middle School: Rye Junior High School
  • High School: Portsmouth High School
  • Elementary School: Maude H. Trefethen School
  • High School: Portsmouth High School

Lot Info

  • Map: 0018
  • Lot: 055
  • Lot Sq Ft: 3485
  • Lot Acres: 0.08
  • Surveyed: Yes
  • Zoning: MU
  • Deed Book: 5999
  • Deed Page: 1034
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 52800
  • Net Income: 32465
  • Total Full Baths: 3
  • Total Units: 5
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Rate: 4.5
  • Tax Year Notes: paid 1xYR
  • Tax Gross Amount: 6283
  • Tax Year: 2023

MLS Schools

  • School District: New Castle
  • School Middle Jr: Rye Junior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2019
Sold by
Borden David A and Borden Nancy H
Bought by
Borden David A and Perkins William B
Current Estimated Value
$1,416,399
Source: Public Records

Range of Values:

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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
Borden David A -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Sold $1,350,000 -20.4% $340 / Sq Ft
02/09/2024 02/09/24 For Sale $1,695,000 +25.6% $427 / Sq Ft
01/15/2024 01/15/24 Pending -- -- --
12/10/2023 12/10/23 Off Market $1,350,000 -- --
11/16/2023 11/16/23 Pending -- -- --
10/13/2023 10/13/23 Price Changed $1,795,000 -15.7% $452 / Sq Ft
09/01/2023 09/01/23 For Sale $2,130,000 -- $536 / 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 $6,817 $1,264,700 $771,200 $493,500
2023 $6,283 $1,261,600 $771,200 $490,400
2022 $5,677 $1,261,600 $771,200 $490,400
2021 $6,030 $1,261,600 $771,200 $490,400
2020 $11,014 $903,100 $525,600 $377,500
2019 $5,590 $903,100 $525,600 $377,500
2018 $5,419 $903,100 $525,600 $377,500
2016 $10,031 $903,100 $525,600 $377,500
2015 $4,955 $774,200 $410,000 $364,200
2014 $5,110 $774,200 $410,000 $364,200
2013 $4,947 $774,200 $410,000 $364,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4968332

PrimeMLS

APN: NCAS-000018-000055