NOT LISTED FOR SALE

7 Park Ave Derry, NH 03038

Estimated Value: $536,672 - $590,000

6 Beds
2 Baths
2,184 Sq Ft
$257/Sq Ft Est. Value

Last Sold January 13, 2020

Last sale price $312,000 $143 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,673/month

7 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Garden
  • Wood Flooring
  • Shed
  • Property is Fully Fenced

About This Home

As of January 2020

Rare unique side by side townhome styled 2-family home located right in the heart of downtown Derry. Opportunity awaits here for an owner-occupant or an investor looking to maximize rents. The property has been well-maintained through the years and recently had the right side unit and whole front porch freshly painted. The 3rd floor roof was also recently replaced. Each unit includes 3-bedrooms & 1 full Bath. Cozy yard space is not too large, but just enough to enjoy the outdoors while not breaking the bank on landscape maintenance. There is also a sizable parking lot providing plenty of parking space for both units. Walking distance to shops, restaurants & the public library - quick access to I-93!

Last Agent to Sell the Property

Scott MacFarland

EXP Realty Brokerage Phone: 603-845-8662 License #070252 Listed on: 12/06/2019

EXP Realty

Last Buyer's Agent

Rebecca Curran

RE/MAX Synergy

RE/MAX Synergy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,906

Year Built

  • Built in 1890

Lot Details

  • 9,148 Sq Ft Lot
  • Property is Fully Fenced
  • Lot Sloped Up
  • Garden

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 3-Story Property
  • Unfinished Basement
  • Walk-Up Access

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Schools

  • Pinkerton Academy High School

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Propane
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 001 / 204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,906

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Townhouse
  • Directions: From Broadway head south on Birch St., Take first left onto Grove St., then Take 2nd Left onto Park Ave. (one way), #7 is fifth building on the left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 142.86
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3172
  • Sq Ft - Apx Total Finished: 2184
  • Year Built: 1890
  • List Agent: 22313
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Laminate, Tile, Wood
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2184
  • Sq Ft - Apx Unfinished AG: 156
  • Sq Ft - Apx Unfinished BG: 832

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Architectural
  • Features Exterior: Deck, Fence - Full, Garden Space, Porch - Covered, Shed

Garage/Parking

  • Parking: Driveway, Off Street, Parking Spaces 6+, Paved

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Energy North
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Electric, Gas - LP/Bottle
  • Heating: Electric, Gas Heater - Vented
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Utilities: Gas - Lp/Bottle

Schools

  • High School: Pinkerton Academy

Lot Info

  • Map: 30
  • Lot: 001
  • Lot Sq Ft: 9148
  • Lot Acres: 0.21
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: MHR2
  • Deed Book: 5653
  • Deed Page: 1866
  • Deed Recorded Type: Warranty

Multi Family

  • Sale Includes: Land/Building
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6906
  • Tax Year: 2018

MLS Schools

  • School District: Derry School District SAU #10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2019
Closed on
Jan 13, 2020
Sold by
Cofer Brian and Cofer Sara
Bought by
Youssef Travis P and Youssef Laura L
Seller's Agent
Scott MacFarland
EXP Realty
Buyer's Agent
Rebecca Curran
RE/MAX Synergy
List Price
$324,900
Sold Price
$312,000
Premium/Discount to List
-$12,900
-3.97%
Current Estimated Value
$560,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,918
Avg. Annual Appreciation
10.23%
Original Mortgage
$234,000
Outstanding Balance
$206,748
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$354,170

Purchase Details

Listed on
Jul 6, 2015
Closed on
Sep 15, 2015
Sold by
Aernecke Robert E and Aernecke Ernecke G
Bought by
Cofer Brian and Cofer Sara
Seller's Agent
Jill Mcalpine
BHHS Verani Londonderry
Buyer's Agent
Lisa Parda
RealtyScape Brokerage, LLC
List Price
$272,500
Sold Price
$276,400
Premium/Discount to List
$3,900
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%
Original Mortgage
$271,393
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 25, 2005
Sold by
Johnson Rashid and Johnson Lisa M
Bought by
Aernecke Robert E and Aernecke Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 29, 2003
Sold by
Johnson Lisa M
Bought by
Johnson Lisa M and Johnson Rashid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,150
Interest Rate
5.86%

Purchase Details

Closed on
Oct 2, 1997
Sold by
Dawaliby Salim A and Dawaliby Sandra A
Bought by
Johnson Rashid C and Johnson Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,434
Interest Rate
7.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Youssef Travis P $312,000 None Available
Cofer Brian $276,333 --
Aernecke Robert E $265,000 --
Johnson Lisa M $25,000 --
Johnson Rashid C $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Youssef Travis P $234,000
Previous Owner Cofer Brian $271,393
Previous Owner Johnson Rashid C $216,000
Previous Owner Aernecke Robert E $212,000
Previous Owner Johnson Rashid C $169,150
Previous Owner Johnson Rashid C $92,434
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2020 01/13/20 Sold $312,000 -4.0% $143 / Sq Ft
12/13/2019 12/13/19 Pending -- -- --
12/06/2019 12/06/19 For Sale $324,900 +17.5% $149 / Sq Ft
09/11/2015 09/11/15 Sold $276,400 +1.4% $127 / Sq Ft View Prior Sale
07/10/2015 07/10/15 Pending -- -- --
07/06/2015 07/06/15 For Sale $272,500 -- $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 $9,231 $493,900 $201,000 $292,900
2023 $9,155 $442,700 $170,800 $271,900
2022 $8,429 $442,700 $170,800 $271,900
2021 $8,082 $326,400 $126,800 $199,600
2020 $7,945 $326,400 $126,800 $199,600
2019 $6,930 $265,300 $99,400 $165,900
2018 $6,906 $265,300 $99,400 $165,900
2017 $5,709 $197,800 $85,900 $111,900
2016 $5,352 $197,800 $85,900 $111,900
2015 $5,115 $175,000 $72,300 $102,700
2014 $5,149 $175,000 $72,300 $102,700
2013 $5,416 $172,000 $67,800 $104,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4787423

PrimeMLS

APN: DERY-000030-000204-000001