Seller's Agent in 2021
Robert Gunter
RE/MAX Innovative Bayside
(603) 387-8664
67 Total Sales
626 Upper Mad River Rd Thornton, NH 03285
12
Beds
6
Baths
4,200
Sq Ft
6
Acres
Highlights
- Deeded Waterfront Access Rights
- 242 Feet of Waterfront
- Countryside Views
- Thornton Central School Rated A-
- Heated Floors
- Hot Water Heating System
About This Home
As of November 2021Thornton, NH 03285 - This well maintained six unit apartment building sits on 6+- acres with beautiful mountain views and 242 feet of frontage on the Mad River. It's an outstanding income producing investment with a net income that makes it well worthwhile owning! This well-maintained property has several long term tenants and one unit used exclusively as an Air B&B rental getting $650.00/week. The property has been updated through and through with forced hot water heat in the floors, a newer roof, a new gym, a coin-operated laundry for additional income and so much more. 5 units have ben renovated with new flooring, kitchen cabinets, appliances, countertops and bathroom updates. The boilers are all new as are the gutters on the front. The parking lot and entrance have been resurfaced and all trees blocking the views have been removed. Take a walk to the river and enjoy the peace and tranquility of one of New Hampshire's clean, clear rivers. Located in a QOZ - Opportunity Zone, this income property purchased through a 1031 exchange can possibly eliminate any capital gains if held for 10 years. This property is located in a popular four season area which offers gorgeous mountains and rivers, skiing, snowmobiling, hiking, boating, swimming, a nearby university and countless attractions for visitors and year-round residents.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $8,140
Year Built
- Built in 1988
Lot Details
- 6 Acre Lot
- 242 Feet of Waterfront
- River Front
- Level Lot
Home Design
- Concrete Foundation
- Wood Frame Construction
- Architectural Shingle Roof
- Clap Board Siding
Interior Spaces
- 6 Full Bathrooms
- 4,200 Sq Ft Home
- 2-Story Property
- Heated Floors
- Countryside Views
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Basement Storage
- Natural lighting in basement
Parking
- 6 Car Parking Spaces
- Gravel Driveway
Outdoor Features
- Deeded Waterfront Access Rights
- Nearby Water Access
Utilities
- Hot Water Heating System
- Heating System Uses Oil
- Radiant Heating System
- Private Water Source
- Shared Water Source
- Drilled Well
- Septic Tank
- Private Sewer
Community Details
- 6 Units
- Coin Laundry
- Gross Income $78,840
Listing and Financial Details
- Legal Lot and Block 02-02 / 8
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/29/2021 11/29/21 | Sold | $730,000 | -8.6% | $174 / Sq Ft |
| 10/04/2021 10/04/21 | Pending | -- | -- | -- |
| 09/07/2021 09/07/21 | Price Changed | $799,000 | -3.7% | $190 / Sq Ft |
| 07/02/2021 07/02/21 | For Sale | $829,900 | +176.7% | $198 / Sq Ft |
| 12/09/2014 12/09/14 | Sold | $299,900 | -6.0% | $71 / Sq Ft |
| 10/06/2014 10/06/14 | Pending | -- | -- | -- |
| 03/30/2014 03/30/14 | For Sale | $319,000 | -- | $76 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Robert Gunter
-
David Grant
Buyer's Agent in 2021
David Grant
North Conway Realty
(603) 494-8485
58 Total Sales
-
Karen Walsh
Seller's Agent in 2014
Karen Walsh
Badger Peabody & Smith Realty/Plymouth
(603) 254-4649
143 Total Sales
-
J
Buyer's Agent in 2014
Jim OLeary
RE/MAX
Map
Source: PrimeMLS
MLS Number: 4870248
APN: THOR M:00017 B:000008 L:0002-2
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