NOT LISTED FOR SALE

54 Baker Ave Unit 54-56 Rye, NH 03870

Estimated Value: $1,734,000 - $2,563,469

8 Beds
2 Baths
5,707 Sq Ft
$394/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $1,900,000 $333 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $13,400/month

64 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Enclosed Patio or Porch
  • Rye Elementary School Rated A
  • 4 Car Direct Access Garage
  • Parking Storage or Cabinetry

About This Home

As of January 2022

Endless possibilities await the new owners of this two unit home in the sought after Jenness Beach Precinct. Situated on an oversized lot, the home is currently used as an owner occupied duplex with a long term tenant. Each side is built to mirror each other with a center chimney housing back to back stone fireplaces in the formal living room. Each unit consists of a large eat in kitchen with walk in pantry, formal dining, fireplaced living room, three season room, first floor bath, and a first floor laundry and mudroom off of the two car garages. Upstairs, each unit has 4 sizable bedrooms and a full bath. Both units enjoy the privacy of the back yard from their own 3 season porch and open decks. Potential to convert to a two unit condex, a large single family home, build new on the oversized lot, or keep it as an investment rental property. Follow the tree lined street to the Atlantic Ocean and sandy Jenness Beach. Baker Avenue is all about location!

Last Agent to Sell the Property

Tony Jalbert

Tate & Foss Sotheby's International Rlty License #065331 Listed on: 09/24/2021

Tate & Foss Sotheby's International Rlty

Last Buyer's Agent

Judith Bodi

Carey Giampa, LLC/Rye License #002031

Carey Giampa, LLC/Rye

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,485

Year Built

  • Built in 1974

Lot Details

  • 0.62 Acre Lot
  • Landscaped
  • Level Lot

Parking

  • 4 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Driveway
  • Assigned Parking

Home Design

  • Duplex
  • Colonial Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Masonite

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Tile

Basement

  • Walk-Out Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Shed

Schools

  • Rye Elementary School
  • Rye Junior High School
  • Portsmouth High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Separate Meters
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: The tenant in #56 owns the butcher block island in kitchen and white appliances in the mudroom/laundry room; washer/dryer, refrigerator & freezer.
  • Tax Lot 131
  • 10% Total Tax Rate

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $14,763
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,485

Year Built

Built in 1974

Lot Details

0

Parking

4

Listing Details

  • Status Detail: Closed
  • Style: Colonial, Duplex, Multi-Family
  • Directions: From Ocean Boulevard (Route 1A) turn onto Baker Avenue. Property is on the left.
  • Assessment Amount: 817400
  • Assessment Year: 2020
  • Construction: Existing
  • Items Excluded: The tenant in #56 owns the butcher block island in kitchen and white appliances in the mudroom/laundry room; washer/dryer, refrigerator & freezer.
  • Total Stories: 2
  • Price Per Sq Ft: 332.92
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8939
  • Sq Ft - Apx Total Finished: 5707
  • Year Built: 1974
  • Remarks Public: Endless possibilities await the new owners of this two unit home in the sought after Jenness Beach Precinct. Situated on an oversized lot, the home is currently used as an owner occupied duplex with a long term tenant. Each side is built to mirror each other with a center chimney housing back to back stone fireplaces in the formal living room. Each unit consists of a large eat in kitchen with walk in pantry, formal dining, fireplaced living room, three season room, first floor bath, and a first floor laundry and mudroom off of the two car garages. Upstairs, each unit has 4 sizable bedrooms and a full bath. Both units enjoy the privacy of the back yard from their own 3 season porch and open decks. Potential to convert to a two unit condex, a large single family home, build new on the oversized lot, or keep it as an investment rental property. Follow the tree lined street to the Atlantic Ocean and sandy Jenness Beach. Baker Avenue is all about location!
  • List Agent: 15586
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Total Rooms Above Ground: 16
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Crawl Space
  • Sq Ft - Apx Finished AG: 5707
  • Sq Ft - Apx Unfinished BG: 3232

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Masonite
  • Foundation: Slab - Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Yes
  • Features Exterior: Deck, Porch - Enclosed, Shed

Garage/Parking

  • Garage Capacity: 4
  • Parking: Driveway, Garage
  • Garage: Yes
  • Garage Description: Assigned, Direct Entry, Storage Above
  • Garage Type: Attached

Utilities

  • Cable Company: Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: Lamprey Energy
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Electric, Oil
  • Heating: Baseboard, Electric, Hot Water, Multi Zone
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable - Available, High Speed Intrnt -Avail

Schools

  • School District: Rye
  • Elementary School: Rye Elementary School
  • Middle School: Rye Junior High School
  • High School: Portsmouth High School
  • Elementary School: Rye Elementary School
  • High School: Portsmouth High School

Lot Info

  • Map: 052
  • Lot: 131
  • Lot Sq Ft: 26877
  • Lot Acres: 0.617
  • Lot Description: Landscaped, Level
  • Surveyed: Yes
  • Surveyed By: Parker
  • Zoning: GRE
  • Deed Book: 3433
  • Deed Page: 192
  • Deed Recorded Type: Quit Claim
  • Unit/Lot Number: 54-56

Multi Family

  • Gross Income: 31200
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Rate: 10.38
  • Tax Gross Amount: 8485
  • Tax Year: 2021

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Jan 27, 2022
Sold by
Sheila P Sullivan Ret and Sullivan
Bought by
Porti Holdings Llc
Seller's Agent
Tony Jalbert
Tate & Foss Sotheby's International Rlty
Buyer's Agent
Judith Bodi
Carey Giampa, LLC/Rye
List Price
$2,000,000
Sold Price
$1,900,000
Premium/Discount to List
-$100,000
-5%
Current Estimated Value
$2,246,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,617
Avg. Annual Appreciation
4.81%
Original Mortgage
$1,560,000
Outstanding Balance
$1,451,505
Interest Rate
3.56%
Mortgage Type
Commercial
Estimated Equity
$795,112
Source: Public Records

Range of Values:

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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
Porti Holdings Llc $1,900,000 None Available
Porti Holdings Llc $1,900,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Porti Holdings Llc $1,560,000
Closed Porti Holdings Llc $1,560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $1,900,000 -5.0% $333 / Sq Ft
11/27/2021 11/27/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $2,000,000 0.0% $350 / Sq Ft
11/08/2021 11/08/21 Price Changed $2,000,000 -20.0% $350 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $2,500,000 -- $438 / 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 $14,200 $1,639,700 $776,600 $863,100
2023 $13,159 $1,638,700 $776,600 $862,100
2022 $10,922 $1,564,800 $776,600 $788,200
2021 $8,354 $817,400 $534,100 $283,300
2020 $8,354 $817,400 $534,100 $283,300
2019 $8,354 $817,400 $534,100 $283,300
2018 $8,619 $815,600 $534,100 $281,500
2017 $8,246 $815,600 $534,100 $281,500
2016 $7,920 $741,600 $455,600 $286,000
2013 $7,796 $710,700 $455,600 $255,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4884138

PrimeMLS

APN: RYEE-000052-000000-000131