NOT LISTED FOR SALE

601 Ocean Blvd Hampton, NH 03842

Estimated Value: $836,101 - $927,000

6 Beds
2 Baths
2,240 Sq Ft
$395/Sq Ft Est. Value

Last Sold November 01, 2024

Last sale price $795,000 $355 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,727/month

148 Days on Market

Highlights

  • Water Views
  • Beach Access
  • High Speed Internet
  • Adeline C. Marston Elementary School Rated A-
  • Hot Water Heating System
  • Wood Siding

About This Home

As of November 2024

Welcome to this rare opportunity to own a desirable multi-family property situated in the heart of North Beach, with breathtaking views of both the Atlantic Ocean and sea marsh. Just steps away from the beach access, this property is perfect for both owner-occupants looking for a coastal retreat and savvy investors seeking a lucrative rental income and long-term appreciation. Estimated annual short-term rental income is $110k-$130k (**not investment advice**).The property features 2 spacious units: Unit 1 on ground level has 3 bedrooms, 1.5 baths, laundry & approximately 996 sqft of living space. Unit 2 on the upper level features 3 bedrooms, 1 bathroom, private front and back decks and about 1,244 sqft of living area... Seller's flood insurance is $1,283 annually. No water damage to house or systems over this past winter. Additionally, you'll love the 4 deeded off-street parking spots, the private back yard for gatherings, barbeques and sunbathing, natural gas heat, easy beach access across the street, and convenient proximity to Route 101, Route 95, Southern ME, and all of NH Seacoast's top attractions. For investors, this property presents an excellent income-generating opportunity. With two separate units, you can maximize rental income by leasing out both units, or live in one while renting out the other. The downstairs unit is currently vacant. The upstairs unit currently has a "tenant at will".

Last Agent to Sell the Property

Sean Bakhtiari

Compass New England, LLC Listed on: 05/08/2024

Compass New England, LLC

Last Buyer's Agent

Cynthia Bryan

Keller Williams Realty Boston Northwest

Keller Williams Realty Boston Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,159

Year Built

  • Built in 1940

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Duplex
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,240 Sq Ft Home
  • 2-Story Property
  • Water Views

Parking

  • 4 Car Parking Spaces
  • Gravel Driveway
  • Paved Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Beach Access
  • Water Access
  • Water Access Across The Street

Schools

  • Hampton Centre Elementary School
  • Hampton Academy Junior High School
  • Winnacunnet High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Available at Street
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $56,700

Listing and Financial Details

  • Tax Block 18
  • 17% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,159

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: 101 East to Ocean Blvd., Drive north on Ocean Blvd and the property will be on the right
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 354.91
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2240
  • Sq Ft - Apx Total Finished: 2240
  • Year Built: 1940
  • Remarks Public: Welcome to this rare opportunity to own a desirable multi-family property situated in the heart of North Beach, with breathtaking views of both the Atlantic Ocean and sea marsh. Just steps away from the beach access, this property is perfect for both owner-occupants looking for a coastal retreat and savvy investors seeking a lucrative rental income and long-term appreciation. Estimated annual short-term rental income is $110k-$130k (**not investment advice**).The property features 2 spacious units: Unit 1 on ground level has 3 bedrooms, 1.5 baths, laundry & approximately 996 sqft of living space. Unit 2 on the upper level features 3 bedrooms, 1 bathroom, private front and back decks and about 1,244 sqft of living area... Seller's flood insurance is $1,283 annually. No water damage to house or systems over this past winter. Additionally, you'll love the 4 deeded off-street parking spots, the private back yard for gatherings, barbeques and sunbathing, natural gas heat, easy beach access across the street, and convenient proximity to Route 101, Route 95, Southern ME, and all of NH Seacoast's top attractions. For investors, this property presents an excellent income-generating opportunity. With two separate units, you can maximize rental income by leasing out both units, or live in one while renting out the other. The downstairs unit is currently vacant. The upstairs unit currently has a "tenant at will".
  • List Agent: 284774
  • Display On Internet: High Speed Intrnt -Avail
  • Architectural Style: Duplex
  • ResoLotFeatures: Water View
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Sq Ft - Apx Finished AG: 2240

Exterior Features

  • Driveway: Gravel, Paved
  • Foundation: Block, Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown
  • Water Body Type: Ocean
  • Water Restrictions: Unknown
  • Water Access Details: Beach Access, Cross a Street to Access
  • Water Body Name 2: Atlantic Ocean
  • Water View: Yes
  • Water Body Access 2: Yes
  • Construction Type: Wood Frame, Wood Siding

Garage/Parking

  • Parking: Deeded, Driveway, Off Street, Parking Spaces 4

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Utilities: Cable - Available, Gas - At Street, Telephone Available
  • Water Source: Public

Schools

  • School District: Hampton School District
  • Elementary School: Hampton Centre School
  • Middle School: Hampton Academy Junior HS
  • High School: Winnacunnet High School
  • Elementary School: Hampton Centre School
  • High School: Winnacunnet High School

Lot Info

  • Map: 325
  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Surveyed: Unknown
  • Zoning: BS
  • Deed Book: 5975
  • Deed Page: 2474
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 56700
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Taxes TBD: Unknown
  • Tax Rate: 16.75
  • Tax Gross Amount: 9159
  • Tax Year: 2023

MLS Schools

  • School District: Hampton School District
  • School Middle Jr: Hampton Academy Junior HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Nov 1, 2024
Sold by
Gorski Jonathan and Mckenna Lori J
Bought by
Eldredge Michael and Eldredge Wendy L
Seller's Agent
Sean Bakhtiari
Compass New England, LLC
Buyer's Agent
Cynthia Bryan
Keller Williams Realty Boston Northwest
List Price
$899,900
Sold Price
$795,000
Premium/Discount to List
-$104,900
-11.66%
Views
187
Current Estimated Value
$884,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,025
Avg. Annual Appreciation
1.89%
Original Mortgage
$596,250
Outstanding Balance
$593,303
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$214,878

Purchase Details

Listed on
Oct 26, 2018
Closed on
Jan 22, 2019
Sold by
Breen Paul G and Breen Karin
Bought by
Gorski Jonathan and Gorski Lori J
Seller's Agent
Michael Cookson
Harris Real Estate
Buyer's Agent
Todd Loiseau
Harris Real Estate
List Price
$619,900
Sold Price
$565,000
Premium/Discount to List
-$54,900
-8.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$420,000
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage
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
Eldredge Michael $795,000 None Available
Eldredge Michael $795,000 None Available
Gorski Jonathan $560,000 --
Gorski Jonathan $560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eldredge Michael $596,250
Closed Eldredge Michael $596,250
Previous Owner Gorski Jonathan $432,000
Previous Owner Gorski Jonathan $420,000
Previous Owner Breen Paul G $318,150
Previous Owner Breen Paul G $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Sold $795,000 -11.7% $355 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $899,900 +13.2% $402 / Sq Ft
09/08/2024 09/08/24 Off Market $795,000 -- --
07/30/2024 07/30/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $899,900 -10.0% $402 / Sq Ft
05/08/2024 05/08/24 For Sale $999,900 +77.0% $446 / Sq Ft
01/22/2019 01/22/19 Sold $565,000 -8.9% $271 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $619,900 -- $297 / 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 $12,200 $990,300 $707,500 $282,800
2023 $9,159 $546,800 $378,600 $168,200
2022 $8,661 $546,800 $378,600 $168,200
2021 $8,661 $546,800 $378,600 $168,200
2020 $8,711 $546,800 $378,600 $168,200
2019 $4,036 $546,800 $378,600 $168,200
2017 $7,995 $488,400 $344,200 $144,200
Source: Public Records

Agents Affiliated with this Home

  • Sean Bakhtiari

    Seller's Agent in 2024

    Sean Bakhtiari

    Compass New England, LLC

    (603) 560-5357

    19 in this area

    162 Total Sales

    Sean Bakhtiari
    Section Image

  • C

    Buyer's Agent in 2024

    Cynthia Bryan

    Keller Williams Realty Boston Northwest

    (978) 771-3477

    1 in this area

    50 Total Sales

    Cynthia Bryan
    Section Image

  • M

    Seller's Agent in 2019

    Michael Cookson

    Harris Real Estate

    (603) 490-2314

    2 in this area

    2 Total Sales

    Michael Cookson
    Section Image
  • Todd Loiseau

    Buyer's Agent in 2019

    Todd Loiseau

    Harris Real Estate

    (603) 661-4478

    3 in this area

    6 Total Sales

    Todd Loiseau
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4994533

PrimeMLS

APN: HMPT M:235 B:18

New Hampshire Rockingham County Hampton 03842

601 Ocean Blvd, Hampton, NH

This home is located at 601 Ocean Blvd, Hampton, NH 03842 since 08 May 2024 and is currently estimated at $884,025, approximately $394 per square foot. This property was built in 1940. 601 Ocean Blvd is a home located in Rockingham County with nearby schools including Hampton Centre School, Adeline C. Marston Elementary School, and Hampton Academy.

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