NOT LISTED FOR SALE

656 Old Claremont Rd Charlestown, NH 03603

Estimated Value: $443,000 - $537,000

5 Beds
4 Baths
3,436 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $431,000 $125 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,545/month

33 Days on Market

Highlights

  • 1.7 Acre Lot
  • 3 Car Attached Garage
  • Level Lot
  • Post and Beam
  • Baseboard Heating

About This Home

As of July 2023

Welcome to this fantastic 3-unit multi-family investment property nestled in the charming town of Charlestown, New Hampshire, just 35 minutes away from the picturesque Upper Valley. This well-maintained property presents a unique opportunity for potential investors to capitalize on the existing value-add prospects. Each of the three beautifully updated apartments boasts modern touches and comes with its own dedicated garage space, offering convenience and privacy for tenants. The spacious units feature comfortable living areas, well-appointed kitchens, and ample storage, making them highly desirable for renters. Currently, the rents may be below market value, offering an incredible opportunity for the savvy investor to increase cash flow. Additionally, the landlord covers heat and electricity expenses, providing further potential for maximizing returns. The property is serviced by oil-fired hot water heat and is connected to town water and sewer, ensuring reliable utilities for tenants. The well-maintained exterior and landscaped grounds add to the property's curb appeal, while the prime location within Charlestown provides easy access to local amenities, shopping, dining, and recreational opportunities. This attractive investment property is ideal for both seasoned investors and those looking to enter the market. With its incredible potential and recent updates, this opportunity won't last long. Schedule your private showing today and envision the possibilities for growth.

Last Agent to Sell the Property

Jessica Dolan

Dolan Real Estate Brokerage Phone: 603-359-9177 Listed on: 05/02/2023

Last Buyer's Agent

Gloria Hyde

Keller Williams Realty-Metropolitan

Keller Williams Realty-Metropolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,429

Year Built

  • Built in 1765

Lot Details

  • 1.7 Acre Lot
  • Level Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Post and Beam
  • Farmhouse Style Home
  • Brick Exterior Construction
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,436 Sq Ft Home
  • 2-Story Property

Schools

  • Fall Mountain High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Radiant Heating System
  • 200+ Amp Service
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 17

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $22,531
  • Gross Income $60,000
  • Net Operating Income $37,469

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,429

Year Built

Built in 1765

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Style: Farmhouse, Multi-Family, Post And Beam
  • Flood Zone: Yes
  • Assessment Amount: 298300
  • Assessment Year: 2021
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 125.44
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4516
  • Sq Ft - Apx Total Finished: 3436
  • Year Built: 1765
  • Remarks Public: Welcome to this fantastic 3-unit multi-family investment property nestled in the charming town of Charlestown, New Hampshire, just 35 minutes away from the picturesque Upper Valley. This well-maintained property presents a unique opportunity for potential investors to capitalize on the existing value-add prospects. Each of the three beautifully updated apartments boasts modern touches and comes with its own dedicated garage space, offering convenience and privacy for tenants. The spacious units feature comfortable living areas, well-appointed kitchens, and ample storage, making them highly desirable for renters. Currently, the rents may be below market value, offering an incredible opportunity for the savvy investor to increase cash flow. Additionally, the landlord covers heat and electricity expenses, providing further potential for maximizing returns. The property is serviced by oil-fired hot water heat and is connected to town water and sewer, ensuring reliable utilities for tenants. The well-maintained exterior and landscaped grounds add to the property's curb appeal, while the prime location within Charlestown provides easy access to local amenities, shopping, dining, and recreational opportunities. This attractive investment property is ideal for both seasoned investors and those looking to enter the market. With its incredible potential and recent updates, this opportunity won't last long. Schedule your private showing today and envision the possibilities for growth.
  • List Agent: 290069
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Sq Ft - Apx Finished AG: 3436
  • Sq Ft - Apx Unfinished BG: 1080

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Brick, Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Yes

Garage/Parking

  • Garage Capacity: 3
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: 200 Amp
  • Sewer: Public
  • Water: Public
  • Water Heater: Oil
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Radiant
  • Utilities: Cable

Schools

  • School District: Fall Mountain Reg SD SAU #60
  • High School: Fall Mountain High School
  • High School: Fall Mountain High School

Lot Info

  • Map: 106
  • Lot: 17
  • Lot Sq Ft: 74052
  • Lot Acres: 1.7
  • Lot Description: Level
  • Surveyed: Yes
  • Zoning: E-Mixed Use
  • Deed Book: 1913
  • Deed Page: 0467
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 60000
  • Net Income: 37469
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 9429
  • Tax Year: 2021

MLS Schools

  • School District: Fall Mountain Reg SD SAU #60

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2023
Closed on
Jul 14, 2023
Sold by
Andrews Albert W and Andrews Renee C
Bought by
Machado Stacey B
Seller's Agent
Jessica Dolan
Dolan Real Estate
Buyer's Agent
Gloria Hyde
Keller Williams Realty-Metropolitan
List Price
$429,000
Sold Price
$431,000
Premium/Discount to List
$2,000
0.47%
Views
158
Current Estimated Value
$500,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,118
Avg. Annual Appreciation
8.97%
Original Mortgage
$394,688
Outstanding Balance
$387,192
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$133,442

Purchase Details

Closed on
Aug 23, 2012
Sold by
Beaudry Normand R
Bought by
Olson Alex A

Purchase Details

Closed on
Nov 9, 2010
Sold by
Cavanaugh Richard J and Cavanaugh Cheryl A
Bought by
Beaudry Normand R
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
Machado Stacey B $431,000 None Available
Machado Stacey B $431,000 None Available
Olson Alex A $42,000 --
Olson Alex A $42,000 --
Beaudry Normand R $225,000 --
Beaudry Normand R $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Machado Stacey B $394,688
Closed Machado Stacey B $394,688
Previous Owner Beaudry Normand R $37,500
Closed Beaudry Normand R $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $431,000 +0.5% $125 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $429,000 -- $125 / 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 $10,846 $298,300 $48,400 $249,900
2023 $10,235 $298,300 $48,400 $249,900
2022 $9,626 $298,300 $48,400 $249,900
2021 $9,429 $298,300 $48,400 $249,900
2020 $6,532 $169,000 $27,100 $141,900
2019 $6,610 $169,000 $27,100 $141,900
2017 $5,731 $163,500 $27,100 $136,400
2016 $5,731 $163,500 $27,100 $136,400
2015 $6,119 $190,100 $28,800 $161,300
2014 $5,999 $190,500 $28,800 $161,700
2013 $8,118 $251,500 $28,800 $222,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4950949

PrimeMLS

APN: CTOW-000106-000017