$460,000
SOLD DEC 30, 2024

56 Marlboro St Keene, NH 03431

5 Beds
3 Baths
3,669 Sq Ft
0.34 Acres

Recently Sold

$125 Per Sq Ft

12% Below List Price

33 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • High Speed Internet
  • Covered Patio or Porch
  • 1 Car Garage
  • Level Lot

About This Home

As of December 2024

The pride of ownership here can be shared with you, the fortunate investor. The main building of the two buildings is a 4 unit apartment building with a one car attached garage and some storage above it. There is a 2 bedroom and also a one bedroom unit on the FIRST floor and two one bedroom units on the second floor. Each has one bathroom. You will find some tin ceilings and wood floors and good natural light. The clean basement , ample paved parking, edge of downtown transition zoning (DT-E), vinyl siding , town water and sewer, porches and a separate second single story building are part of this package. Info on the detached building which is not noted on the listing info ...It is 644 sqft. (per the City) , one level, no basement, gas heat ..presently a hair salon with many years of history.. It has a half bath and a separate electric panel. It has been generating about $6780. a year. The owners have been paying the w/s , insurance and taxes (there is one bill for the entire parcel) here. THE 2 bedroom and one of the one bedrooms will be vacant soon (moving to California and the other is buying a home). The gross rents for the 4 family are $48,360. plus $6780. for the separate building. Rents are or have been 2 bedroom-- $1200. The one bedrooms are $1010, $980 and $840. (mostly long term tenants all with heat included.

Last Agent to Sell the Property

Susan Doyle

BHG Masiello Keene License #002979 Listed on: 10/05/2024

BHG Masiello Keene

Last Buyer's Agent

Josh Greenwald

Greenwald Realty Group License #057231

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,638

Year Built

  • Built in 1910

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Walk-Up Access
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Schools

  • Wheelock Elementary School
  • Keene Middle School
  • Keene High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • High Speed Internet

Community Details

  • 4 Units
  • Gross Income $48,360

Listing and Financial Details

  • Tax Block 85

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,638

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Directions: 56 MARLBORO IS JUST DOWN FROM THE POST OFFICE AND ADJACENT TO THE SAVINGS BANK OF WALPOLE.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 125.37
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5196
  • Sq Ft - Apx Total Finished: 3669
  • Year Built: 1910
  • Remarks Public: The pride of ownership here can be shared with you, the fortunate investor. The main building of the two buildings is a 4 unit apartment building with a one car attached garage and some storage above it. There is a 2 bedroom and also a one bedroom unit on the FIRST floor and two one bedroom units on the second floor. Each has one bathroom. You will find some tin ceilings and wood floors and good natural light. The clean basement , ample paved parking, edge of downtown transition zoning (DT-E), vinyl siding , town water and sewer, porches and a separate second single story building are part of this package. Info on the detached building which is not noted on the listing info ...It is 644 sqft. (per the City) , one level, no basement, gas heat ..presently a hair salon with many years of history.. It has a half bath and a separate electric panel. It has been generating about $6780. a year. The owners have been paying the w/s , insurance and taxes (there is one bill for the entire parcel) here. THE 2 bedroom and one of the one bedrooms will be vacant soon (moving to California and the other is buying a home). The gross rents for the 4 family are $48,360. plus $6780. for the separate building. Rents are or have been 2 bedroom-- $1200. The one bedrooms are $1010, $980 and $840. (mostly long term tenants all with heat included.
  • List Agent: 10376
  • Display On Internet: High Speed Intrnt -Avail
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Level
  • Road Frontage Type: Public
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Tank
  • Flooring: Vinyl, Wood
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Crawl Space, Unfinished
  • Sq Ft - Apx Finished AG: 3669
  • Sq Ft - Apx Unfinished BG: 1527

Exterior Features

  • Driveway: Paved
  • Foundation: Granite, Stone
  • Road Frontage: Yes
  • Roof: Shingle, Slate
  • Features Exterior: Porch - Covered
  • Construction Type: Wood Frame, Vinyl Siding

Garage/Parking

  • Garage Capacity: 1
  • Parking: Storage Above, Driveway, Parking Spaces 11 - 20, Paved
  • Garage: Yes

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Davis
  • Sewer: Public
  • Heating: Oil, Baseboard, Hot Water
  • Electric Company: Eversource
  • Separate Utilities: Varies
  • Total Electric Meters: 4
  • Total Heat Units: 1
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Water Source: Public

Schools

  • School District: Keene Sch Dst SAU #29
  • Elementary School: Wheelock Elementary
  • Middle School: Keene Middle School
  • High School: Keene High School
  • Elementary School: Wheelock Elementary
  • High School: Keene High School

Lot Info

  • Map: 585
  • Lot Sq Ft: 14810
  • Lot Acres: 0.34
  • Surveyed: Yes
  • Surveyed By: David Mann
  • Zoning: DT-E
  • Deed Book: 2594
  • Deed Page: 148
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 48360
  • Total Units: 4
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 12638
  • Tax Year: 2023

MLS Schools

  • School District: Keene Sch Dst SAU #29
  • School Middle Jr: Keene Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2024
Closed on
Dec 30, 2024
Sold by
Norcross
Bought by
56 Marlboro Llc
Seller's Agent
Susan Doyle
BHG Masiello Keene
Buyer's Agent
Josh Greenwald
Greenwald Realty Group
List Price
$525,000
Sold Price
$460,000
Premium/Discount to List
-$65,000
-12.38%
Views
36
Current Estimated Value
$487,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,465
Avg. Annual Appreciation
5.00%
Original Mortgage
$368,000
Outstanding Balance
$367,050
Interest Rate
6.78%
Mortgage Type
Commercial
Estimated Equity
$107,998
Source: Public Records

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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 Type Sale Price Title Company
Warranty Deed $460,000 None Available
Warranty Deed $460,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $368,000 Commercial
Closed $368,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $460,000 -12.4% $125 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/05/2024 10/05/24 For Sale $525,000 -- $143 / 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 $13,106 $396,300 $152,200 $244,100
2023 $12,638 $396,300 $152,200 $244,100
2022 $12,297 $396,300 $152,200 $244,100
2021 $12,396 $396,300 $152,200 $244,100
2020 $11,061 $296,700 $119,500 $177,200
2019 $11,156 $296,700 $119,500 $177,200
2018 $11,014 $296,700 $119,500 $177,200
2017 $11,021 $296,100 $118,900 $177,200
2016 $10,775 $296,100 $118,900 $177,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5017555

PrimeMLS

APN: 585/ / 085/000 000/000