NOT LISTED FOR SALE

7 Island St Wilton, NH 03086

Estimated Value: $439,545 - $534,000

6 Beds
1 Bath
2,781 Sq Ft
$180/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $478,500 $172 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,349/month

3 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Deck
  • Modern Architecture
  • 125 Feet of Waterfront
  • Wood Flooring
  • Double Pane Windows

About This Home

As of February 2024

1/21/2024 Sunday PENDING/Under Contract. 9.41% CAP RATE CASH COW! 1 of NH's Highest Return On Investments that's available For Sale! Annual Gross Rent $55,200 - Total Annual Expenses $10,489 ($6,673 for 2023 Property Taxes, $1,612 Insurance, $1,400 Water & Sewer, $804 Trash Pick-Up) = Annual Net Profit of $44,711 (*after Unit # 7A very low $1,800 Rent increases to $2,400 on 3/16/2024*). Tenants pay their Separate Utilities. Tenants Mow, Rake, Snow Removal, maintain yard & driveway. Beautiful WATERFRONT Luxurious Modern Cosmetically Renovated Huge 2 Unit, located in great mostly Single Family House Neighborhood walking distance to downtown Village. Each Unit has 3 Bedrooms. You Own ALL Appliances (4 years old). Inside each unit is Washers & Dryers. All other Appliances are matching Stainless Steel Whirlpool Fridges, Ovens, Dishwashers. Hardwood, Tile, & Vinyl Floating Plank Hard-surfaced Floors. Apt # A (1st Floor) has 3 BR 1.5 BA 1,527 sq ft, Peninsula Style Kitchen Island, Walk-in Closet in Master Bedroom, Huge Living Room with post & beam Cathedral Ceilings with fans. Walks out to huge over-sized deck over-looking the low Souhegan River West that's dam controlled, so No flooding. Apt # B (Townhouse 2nd & 3rd Floor) has 3 BR 1,254 sq ft. Whole house has Dual Thermal Pane Vinyl Windows. White picket fenced yard great for tenants. Shed has Electricity. 7A Lease ends 3/15/24. 7B Lease ends 5/31/24. Tenants would like to stay. Or would make a Great place to Owner Occupy.

Last Agent to Sell the Property

Nick Turmel

Tri-State Realty, LLC Listed on: 01/18/2024

Last Buyer's Agent

David Bronson

W Real Estate License #075346

W Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,673

Year Built

  • Built in 1880

Lot Details

  • 8,276 Sq Ft Lot
  • 125 Feet of Waterfront
  • River Front
  • Property is Fully Fenced
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Duplex
  • Modern Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1 Full Bathroom
  • 2.5-Story Property
  • Double Pane Windows
  • Water Views

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl Plank
  • Vinyl

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Deeded Waterfront Access Rights
  • River Nearby
  • Deck
  • Shed

Schools

  • Florence Rideout Elementary School
  • Wilton-Lyndeboro Cooperative Middle School
  • Wilton-Lyndeboro Sr. High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Oil
  • Separate Meters
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 121

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $3,816
  • Gross Income $55,200
  • Net Operating Income $44,711

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,673

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Modern Architecture, Multi-Family
  • Directions: Route 101 to Island Street. Or Route 31 (Main St.) to Burns Hill Road to Island Street.
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 172.06
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3381
  • Sq Ft - Apx Total Finished: 2781
  • Year Built: 1880
  • Remarks Public: 1/21/2024 Sunday PENDING/Under Contract. 9.41% CAP RATE CASH COW! 1 of NH's Highest Return On Investments that's available For Sale! Annual Gross Rent $55,200 - Total Annual Expenses $10,489 ($6,673 for 2023 Property Taxes, $1,612 Insurance, $1,400 Water & Sewer, $804 Trash Pick-Up) = Annual Net Profit of $44,711 (*after Unit # 7A very low $1,800 Rent increases to $2,400 on 3/16/2024*). Tenants pay their Separate Utilities. Tenants Mow, Rake, Snow Removal, maintain yard & driveway. Beautiful WATERFRONT Luxurious Modern Cosmetically Renovated Huge 2 Unit, located in great mostly Single Family House Neighborhood walking distance to downtown Village. Each Unit has 3 Bedrooms. You Own ALL Appliances (4 years old). Inside each unit is Washers & Dryers. All other Appliances are matching Stainless Steel Whirlpool Fridges, Ovens, Dishwashers. Hardwood, Tile, & Vinyl Floating Plank Hard-surfaced Floors. Apt # A (1st Floor) has 3 BR 1.5 BA 1,527 sq ft, Peninsula Style Kitchen Island, Walk-in Closet in Master Bedroom, Huge Living Room with post & beam Cathedral Ceilings with fans. Walks out to huge over-sized deck over-looking the low Souhegan River West that's dam controlled, so No flooding. Apt # B (Townhouse 2nd & 3rd Floor) has 3 BR 1,254 sq ft. Whole house has Dual Thermal Pane Vinyl Windows. White picket fenced yard great for tenants. Shed has Electricity. 7A Lease ends 3/15/24. 7B Lease ends 5/31/24. Tenants would like to stay. Or would make a Great place to Owner Occupy.
  • List Agent: 24758
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Vinyl, Vinyl Plank
  • Total Rooms Above Ground: 12
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Daylight, Dirt Floor, Stairs - Interior, Storage Space, Unfinished, Interior Access
  • Sq Ft - Apx Finished AG: 2781
  • Sq Ft - Apx Unfinished BG: 600

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding, Wood Siding
  • Foundation: Brick, Concrete, Granite, Stone, Stone w/ Skim Coating
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Deck, Fence - Full, Natural Shade, Shed, Windows - Double Pane
  • Water Body Type: River
  • Water Frontage Length: 125
  • Water Restrictions: Unknown
  • Water Body Name 2: West Souhegan River
  • Waterfront: Yes
  • Waterfront Rights: Exclusively Owned
  • Water View: Yes

Garage/Parking

  • Parking: Paved

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Separate
  • Heating Fuel: Electric, Oil
  • Heating: Baseboard, Electric, Forced Air, Hot Air
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable - Available, Fiber Optic Internt Avail, High Speed Intrnt -Atsite, High Speed Intrnt -Avail

Schools

  • School District: Wilton School District
  • Elementary School: Florence Rideout Elementary
  • Middle School: Wilton-Lyndeboro Cooperative
  • High School: Wilton-Lyndeboro Sr. High
  • Elementary School: Florence Rideout Elementary
  • High School: Wilton-Lyndeboro Sr. High

Lot Info

  • Map: J
  • Lot: 121
  • Lot Sq Ft: 8276
  • Lot Acres: 0.19
  • Lot Description: Level, River, River Frontage, Sidewalks, Street Lights, View, Water View, Waterfront
  • Surveyed: Unknown
  • Zoning: RD
  • Deed Book: 9713
  • Deed Page: 2732
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 55200
  • Net Income: 44711
  • Total Full Baths: 1
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6673
  • Tax Year: 2023

MLS Schools

  • School District: Wilton School District
  • School Middle Jr: Wilton-Lyndeboro Cooperative

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Feb 23, 2024
Sold by
Gerry Management Llc
Bought by
Sampson Joseph J
Seller's Agent
Nick Turmel
Tri-State Realty, LLC
Buyer's Agent
David Bronson
W Real Estate
List Price
$475,000
Sold Price
$478,500
Premium/Discount to List
$3,500
0.74%
Views
11
Current Estimated Value
$501,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,886
Avg. Annual Appreciation
3.14%
Original Mortgage
$451,668
Outstanding Balance
$444,633
Interest Rate
6.66%
Mortgage Type
FHA
Estimated Equity
$56,754

Purchase Details

Listed on
Jul 13, 2023
Closed on
Jul 13, 2023
Sold by
Flett Victoria
Bought by
Gerry Bruce and Turcotte Hillary
Seller's Agent
Nick Turmel
Tri-State Realty, LLC
Buyer's Agent
Nick Turmel
Tri-State Realty, LLC
List Price
$415,000
Sold Price
$422,000
Premium/Discount to List
$7,000
1.69%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.47%
Original Mortgage
$316,500
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 21, 2019
Closed on
Aug 26, 2019
Sold by
Saunders Kristopher L and Saunders Robyn L
Bought by
Turmel Nicholas P
Seller's Agent
Gabriel Bilc
Homesphere Realty, LLC
Buyer's Agent
Nick Turmel
Tri-State Realty, LLC
List Price
$249,900
Sold Price
$256,000
Premium/Discount to List
$6,100
2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.82%
Original Mortgage
$251,363
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2018
Sold by
Averden Investments Ll
Bought by
Saunders Kristopher L and Saunders Robyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2017
Sold by
Potter John and Potter Pamela S
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 19, 2003
Sold by
Shatzman S Jo
Bought by
Potter John R

Purchase Details

Closed on
Jan 3, 2000
Sold by
99 Elm St Llc
Bought by
Shatzman S Jo

Purchase Details

Closed on
Feb 13, 1998
Sold by
Jette Ricky
Bought by
99 Elm St Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Sampson Joseph J $478,533 None Available
Gerry Bruce $422,000 None Available
Turmel Nicholas P $256,000 --
Saunders Kristopher L $230,000 --
Federal National Mortgage Association $232,532 --
Potter John R $255,000 --
Shatzman S Jo $105,000 --
99 Elm St Llc $46,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sampson Joseph J $451,668
Previous Owner Gerry Bruce $316,500
Previous Owner Turmel Nicholas P $251,363
Previous Owner Saunders Kristopher L $225,000
Previous Owner Avarden Investments Ll $125,000
Previous Owner 99 Elm St Llc $243,055
Previous Owner 99 Elm St Llc $60,000
Previous Owner 99 Elm St Llc $264,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $478,500 +0.7% $172 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $475,000 +12.6% $171 / Sq Ft
07/13/2023 07/13/23 Sold $422,000 +1.7% $152 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $415,000 +15.3% $149 / Sq Ft
02/17/2021 02/17/21 Sold $360,000 0.0% $129 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
12/04/2020 12/04/20 For Sale $360,000 +40.6% $129 / Sq Ft
09/02/2019 09/02/19 Sold $256,000 +2.4% $105 / Sq Ft
06/22/2019 06/22/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $249,900 +149.9% $103 / Sq Ft
10/25/2017 10/25/17 Sold $100,000 -4.8% $41 / Sq Ft
09/28/2017 09/28/17 Pending -- -- --
09/28/2017 09/28/17 Price Changed $105,000 -47.5% $43 / Sq Ft
03/02/2017 03/02/17 For Sale $199,900 -- $82 / 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 $7,476 $300,600 $73,800 $226,800
2023 $6,673 $300,600 $73,800 $226,800
2022 $6,210 $300,600 $73,800 $226,800
2021 $5,778 $300,600 $73,800 $226,800
2020 $4,911 $167,100 $54,300 $112,800
2019 $4,853 $167,100 $54,300 $112,800
2018 $4,806 $167,100 $54,300 $112,800
2017 $4,540 $167,100 $54,300 $112,800
2016 $4,401 $167,100 $54,300 $112,800
2015 $4,926 $187,000 $60,800 $126,200
2014 $4,825 $187,000 $60,800 $126,200
2013 $4,866 $187,000 $60,800 $126,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4982687

PrimeMLS

APN: WLTN-000000-J000121