NOT LISTED FOR SALE

7 Elm St Freedom, NH 03836

5 Beds
3 Baths
4,198 Sq Ft
7,841 Sq Ft Lot

Last Sold May 30, 2024

Last sale price $525,000 $125 Per Sq Ft

8 Days on Market

Highlights

  • Water Views
  • Stream or River on Lot
  • New Englander Architecture
  • Waterfall on Lot
  • Wood Flooring
  • 2-minute walk to Freedom Community Park

About This Home

As of May 2024

7 Elm Street is an exceptional investment property in the charming town of Freedom, New Hampshire. This 3-unit multi-family building is situated in the heart of this historic New England village and represents a rarely found investment opportunity. Since acquiring the property in 2021, the owner has undertaken significant upgrades, including: roof and window replacements, electrical system updates to meet current code, installation of new sidewalks and parking, and extensive interior renovations featuring new appliances, countertops, and paint (please refer to the comprehensive list to see additional improvements). Each of the three apartments has its own private entrance, distinct character, and stunning views of a picturesque waterfall. The property's prime location, in the peaceful and idyllic town of Freedom, offers easy access to: Ossipee Lake, popular skiing destinations, and shopping in nearby Conway. Portland, Maine is just an hour's drive away. This property is an ideal opportunity for investors, homeowners or those seeking a combination of both. Come visit this property soon as investment properties are hard to come by in this area. Additionally, don't miss the opportunity to view 16 Old Portland Road, (the single family on the other side of the waterfall) MLS #4992272.

Last Agent to Sell the Property

Sara Reineman

BHHS Verani Wolfeboro Brokerage Phone: 781-708-5825 License #073244 Listed on: 04/22/2024

BHHS Verani Wolfeboro

Last Buyer's Agent

Sara Reineman

BHHS Verani Wolfeboro Brokerage Phone: 781-708-5825 License #073244 Listed on: 04/22/2024

BHHS Verani Wolfeboro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,721

Year Built

  • Built in 1820

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Stone Foundation
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3-Story Property
  • Water Views

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Unfinished Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • 2 Car Parking Spaces
  • Paved Parking

Outdoor Features

  • Stream or River on Lot
  • Shared Waterfront
  • Waterfall on Lot

Schools

  • Freedom Elementary School
  • A. Crosby Kennett Middle Sch
  • A. Crosby Kennett Sr. High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Oil
  • 200+ Amp Service
  • Septic Tank
  • Private Sewer
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 32

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $64,200
  • Net Operating Income $50,729

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,721

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 125.06
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5210
  • Sq Ft - Apx Total Finished: 4198
  • Year Built: 1820
  • List Agent: 282190
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Display On Internet: Internet - Cable
  • Architectural Style: New Englander
  • ResoLotFeatures: Corner, Level, River, Stream, View, Water View, Waterfall, Waterfront
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt Floor, Unfinished
  • Sq Ft - Apx Finished AG: 4198
  • Sq Ft - Apx Unfinished AG: 749
  • Sq Ft - Apx Unfinished BG: 263

Exterior Features

  • Driveway: Paved
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal, Shingle - Asphalt
  • Water Body Type: Brook/Stream
  • Water Restrictions: Unknown
  • Water Body Name 2: Cold Brook
  • Waterfront: Yes
  • Waterfront Rights: Shared
  • Water View: Yes
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking: Parking Spaces 2

Utilities

  • Electric: 200 Amp
  • Sewer: Private, Septic
  • Heating Fuel: Oil
  • Heating: Hot Water, Steam
  • Total Electric Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 2
  • Utilities: Cable - Available
  • Water Source: Public

Schools

  • Elementary School: Freedom Elem School
  • High School: A. Crosby Kennett Sr. High

Lot Info

  • Map: 51
  • Lot: 32
  • Lot Sq Ft: 7841
  • Lot Acres: 0.18
  • Surveyed: Unknown
  • Zoning: Village Residential
  • Deed Book: 3578
  • Deed Page: 605
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 64200
  • Net Income: 50729
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 4721
  • Tax Year: 2023

MLS Schools

  • School Middle Jr: A. Crosby Kennett Middle Sch

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2024 05/30/24 Sold $525,000 -7.1% $125 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $565,000 +391.3% $135 / Sq Ft
03/29/2021 03/29/21 Sold $115,000 -23.3% $23 / Sq Ft View Prior Sale
03/01/2021 03/01/21 Pending -- -- --
11/30/2020 11/30/20 For Sale $150,000 0.0% $30 / Sq Ft
11/30/2020 11/30/20 Price Changed $150,000 +30.4% $30 / Sq Ft
11/25/2020 11/25/20 Off Market $115,000 -- --
10/11/2020 10/11/20 Price Changed $170,000 -43.5% $33 / Sq Ft
09/03/2020 09/03/20 For Sale $301,000 +161.7% $59 / Sq Ft
08/25/2020 08/25/20 Off Market $115,000 -- --
05/27/2020 05/27/20 For Sale $301,000 +161.7% $59 / Sq Ft
05/27/2020 05/27/20 Off Market $115,000 -- --
03/04/2020 03/04/20 For Sale $301,000 -- $59 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4992274

PrimeMLS

APN: FRDM M:00051 L:000032 S:000000