M
Seller's Agent in 2021
Michael Trabulsie
Michael S. Trabulsie
720 Kearsarge Rd North Conway, NH 03860
Estimated Value: $1,293,587
17
Beds
17
Baths
9,870
Sq Ft
$131/Sq Ft
Est. Value
About This Home
As of November 2021EXCELLENT CASH FLOW AND INCOME on this very profitable, high income producing, 17-unit, inn style residential housing complex. Exceptional location just outside North Conway Village, New Hampshire. Property was operated as a successful Inn for many years but current owner is going on 4 years operating as a full-time residential housing complex. Highly competent, live on site, professional property & maintenance manager make it easy to own! Over the years, owner has made many improvements, streamlined operations and expenses, mastered the leasing and cash flow aspects of this investment, and driven rents up! Above grade, full time tenancy and an ongoing area housing shortage are a BIG plus! This is a financially successful, turn key operation. On site apartment for owners vacation or full-time lodging needs! Qualified buyers only please! Owner is retiring.
Last Agent to Sell the Property
Michael Trabulsie
Michael S. Trabulsie Listed on: 08/03/2021
Last Buyer's Agent
Michael Trabulsie
Michael S. Trabulsie Listed on: 08/03/2021
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$11,681
Year Built
1773
Lot Details
0
Listing Details
- Property Type: Residential Income
- Property Sub Type: Multi Family
- SUB AGENCY OFFERED: No
- Year Round: Yes
- Compensation Based On: Gross/Full Sale Price
- APOD AVAILABLE: Yes
- Directions: at North Conway Village, NH follow Kearsarge Road 0.7 miles to 720 Kearsarge Road.
- Garage Yn: No
- Road Frontage Type: Public
- Year Built Details: Actual
- Special Features: None
- Year Built: 1773
Interior Features
- Appliances: Electric Water Heater
- Has Basement: Full
- Total Bathrooms: 17
- MAIN LO: AN0771
- LIST PRICE PER Sq Ft: 105.88
- PRICE PER Sq Ft: 99.29
- MAIN SO: AN0771
- Full Bathrooms: 17
- Total Bedrooms: 17
- Fireplace: Yes
- Fireplaces: 7
- Stories: 3
Exterior Features
- Foundation Details: Stone
- View: Scenic View(s)
- Disclosures: Broker Interest
- Lot Features: Level
- Waterfront: No
Garage/Parking
- Parking Features: Off Street
- Total Parking Spaces: 35
Utilities
- Electric: 220 Volts
- Sewer: Public Sewer
- Water Source: Public
Fee Information
- Annual Water Sewer Expense: 2900
Lot Info
- LOT SIZE: 0.61
- PAGE: 432
- Farm Land Area Units: Square Feet
- Zoning: RA
Multi Family
- LEASE 2: Y
- LEASE 1: Y
- Electric Expense: 13533
- Annual Gross Income: 198432
- Insurance Expense: 7532
- Property Net Operating Income: 131744
- Number Of Units Total: 17
- Annual Operating Expense: 52051
Tax Info
- Tax Annual Amount: 14088
- Tax Book Number: 3296
- Tax Year: 2021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2021
Closed on
Nov 17, 2021
Sold by
Mst Properties Llc
Bought by
720 Kearsarge Road Llc
Seller's Agent
Michael Trabulsie
Michael S. Trabulsie
Buyer's Agent
Michael Trabulsie
Michael S. Trabulsie
List Price
$1,045,000
Sold Price
$980,000
Premium/Discount to List
-$65,000
-6.22%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,587
Avg. Annual Appreciation
7.62%
Original Mortgage
$735,000
Outstanding Balance
$676,323
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$617,264
Purchase Details
Closed on
Aug 5, 1993
Bought by
Inn Isaac E Merrill House
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 720 Kearsarge Road Llc | $980,000 | None Available | |
| Inn Isaac E Merrill House | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 720 Kearsarge Road Llc | $735,000 | |
| Previous Owner | Mst Properties Llc | $686,000 | |
| Previous Owner | Mst Properties Llc | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/17/2021 11/17/21 | Sold | $980,000 | -6.2% | $99 / Sq Ft |
| 08/30/2021 08/30/21 | Pending | -- | -- | -- |
| 08/03/2021 08/03/21 | For Sale | $1,045,000 | -- | $106 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $11,681 | $1,018,400 | $188,300 | $830,100 |
| 2023 | $11,895 | $1,018,400 | $188,300 | $830,100 |
| 2022 | $14,337 | $731,500 | $168,300 | $563,200 |
| 2021 | $11,953 | $731,500 | $168,300 | $563,200 |
| 2020 | $12,355 | $731,500 | $168,300 | $563,200 |
| 2019 | $12,670 | $731,500 | $168,300 | $563,200 |
| 2018 | $15,167 | $666,700 | $138,300 | $528,400 |
| 2017 | $13,321 | $666,700 | $138,300 | $528,400 |
| 2016 | $12,874 | $666,700 | $138,300 | $528,400 |
| 2015 | $12,727 | $666,700 | $138,300 | $528,400 |
| 2014 | $12,574 | $666,700 | $138,300 | $528,400 |
| 2013 | $11,911 | $666,900 | $138,300 | $528,600 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72875403
APN: CNWY-000203-000000-000102
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.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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