NOT LISTED FOR SALE

7 Walnut St Somersworth, NH 03878

Estimated Value: $394,702 - $577,000

6 Beds
3 Baths
3,337 Sq Ft
$142/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $485,000 $145 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,548/month

7 Days on Market

Highlights

  • Barn
  • 1 Car Detached Garage
  • Baseboard Heating
  • Wood Flooring
  • Enclosed patio or porch
  • 3-minute walk to Jules Bisson Park

About This Home

As of December 2022

Turnkey triplex in great condition! Two units have been renovated with new cabinets, appliances, LVP flooring and more. Replacement windows and vinyl siding help keep maintenance costs low. Much of the plumbing has been replaced with PVC and pex, and two outbuildings could provide additional income as storage units. At a CAP rate of 8.4%, investors should not pass up on this opportunity! Showings begin at the open house on Saturday, 11/19, from 11am to 1pm.

Last Agent to Sell the Property

Zachary Hill

EXP Realty Listed on: 11/15/2022

EXP Realty

Last Buyer's Agent

Andrew Welch

KW Coastal and Lakes & Mountains Realty/Portsmouth License #069570

KW Coastal and Lakes & Mountains Realty/Portsmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,032

Year Built

  • Built in 1880

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Utilities

  • Wall Furnace
  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Natural Gas Water Heater
  • High Speed Internet

Additional Features

  • Enclosed patio or porch
  • Barn

Listing and Financial Details

  • Tax Lot 178

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $13,539
  • Gross Income $50,400
  • Net Operating Income $36,861

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,032

Year Built

Built in 1880

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Heading north on Main St in Somersworth, left on Walnut Street. Property is on the right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 145.34
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4625
  • Sq Ft - Apx Total Finished: 3337
  • Year Built: 1880
  • Remarks Public: Turnkey triplex in great condition! Two units have been renovated with new cabinets, appliances, LVP flooring and more. Replacement windows and vinyl siding help keep maintenance costs low. Much of the plumbing has been replaced with PVC and pex, and two outbuildings could provide additional income as storage units. At a CAP rate of 8.4%, investors should not pass up on this opportunity! Showings begin at the open house on Saturday, 11/19, from 11am to 1pm.
  • List Agent: 285774
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl Plank
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Interior Access
  • Sq Ft - Apx Finished AG: 3337
  • Sq Ft - Apx Unfinished BG: 1288

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Barn, Porch - Enclosed

Garage/Parking

  • Garage Capacity: 1
  • Parking: Driveway, Off Street
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Unitil
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Off Boiler
  • Heating Fuel: Gas - Natural, Oil
  • Heating: Baseboard, Steam, Wall Furnace
  • Electric Company: Eversource
  • Separate Utilities: Varies
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Trash: Tenant
  • Utilities: Internet - Cable

Lot Info

  • Map: 9
  • Lot: 178
  • Lot Sq Ft: 13939
  • Lot Acres: 0.32
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: R3
  • Deed Book: 4648
  • Deed Page: 39
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 50400
  • Net Income: 36861
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 7032
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2019
Closed on
Apr 19, 2019
Sold by
Ragnarsson Axel
Bought by
James G & M Ducharme Ret and Ducharme
Seller's Agent
Chad Faria
Buyer's Agent
Chad Faria
List Price
$265,000
Sold Price
$258,500
Premium/Discount to List
-$6,500
-2.45%
Total Days on Market
7
Current Estimated Value
$474,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,426
Avg. Annual Appreciation
10.43%

Purchase Details

Closed on
Jun 12, 2018
Sold by
Brown Stephen A
Bought by
Ragnarsson Axel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
4.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 4, 2010
Sold by
Laliberte Al
Bought by
Brown Stephen A

Purchase Details

Closed on
Apr 9, 2010
Sold by
Stackpole David A
Bought by
Laliberte Al
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
James G & M Ducharme Ret $258,533 --
James G & M Ducharme Ret $258,533 --
Ragnarsson Axel $195,000 --
Ragnarsson Axel $195,000 --
Brown Stephen A $115,000 --
Brown Stephen A $115,000 --
Laliberte Al $51,000 --
Laliberte Al $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J G & M L Ducharme Ret $239,000
Closed James G & M I Ducharme Ret $240,000
Previous Owner Ragnarsson Axel $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $485,000 +10.5% $145 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/15/2022 11/15/22 For Sale $439,000 +69.8% $132 / Sq Ft
04/19/2019 04/19/19 Sold $258,500 -2.5% $77 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/28/2019 03/28/19 For Sale $265,000 -- $79 / 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 $10,741 $574,400 $76,200 $498,200
2023 $8,154 $278,300 $34,300 $244,000
2022 $7,174 $255,400 $34,300 $221,100
2021 $7,031 $255,400 $34,300 $221,100
2020 $7,113 $255,400 $34,300 $221,100
2019 $6,967 $255,400 $34,300 $221,100
2018 $6,595 $197,400 $57,100 $140,300
2017 $6,532 $197,400 $57,100 $140,300
2016 $6,334 $197,200 $57,100 $140,100
2015 $6,105 $189,300 $57,100 $132,200
2014 $5,895 $189,300 $57,100 $132,200
Source: Public Records

Agents Affiliated with this Home

  • Zachary Hill

    Seller's Agent in 2022

    Zachary Hill

    EXP Realty

    (603) 988-8475

    16 in this area

    50 Total Sales

    Zachary Hill
    Section Image

  • A

    Buyer's Agent in 2022

    Andrew Welch

    KW Coastal and Lakes & Mountains Realty/Portsmouth

    (603) 988-5636

    1 in this area

    60 Total Sales

    Andrew Welch
    Section Image

  • C

    Seller's Agent in 2019

    Chad Faria

    (603) 930-5841

    12 Total Sales

    Chad Faria
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4936999

PrimeMLS

APN: SMSW-000009-000178

New Hampshire Strafford County Somersworth 03878

7 Walnut St, Somersworth, NH

This home is located at 7 Walnut St, Somersworth, NH 03878 since 15 November 2022 and is currently estimated at $474,926, approximately $142 per square foot. This property was built in 1880. 7 Walnut St is a home located in Strafford County with nearby schools including Idlehurst Elementary School, Somersworth High School, and Tri-City Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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