NOT LISTED FOR SALE

740 Union Ave Laconia, NH 03246

Estimated Value: $368,291

7 Beds
3 Baths
3,372 Sq Ft
$109/Sq Ft Est. Value

Last Sold December 01, 2017

Last sale price $182,500 $54 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $2,347/month

142 Days on Market

Highlights

  • Lake View
  • Hot Water Heating System
  • Level Lot
  • Zoned Heating
  • High Speed Internet
  • Walk-Up Access

About This Home

As of December 2017

Laconia, NH 03246- Located in the heart of Lakeport is this recently rehabbed investment property that has just gotten more valuable for you, the investor. Check out this price… Check out the income… The building is set up with 3 residential apartments fully leased with yearlong leases in place and a commercial space, presently Mustache Pete’s, which as well is on a lease. All 4 tenants appear to be happy with their present arrangement, making this a solid investment for you. The building is in really great shape with new water heaters, fresh paint, new flooring throughout and a great looking roof. There is one boiler, so the owner pays the residential units' fuel for heat but the tenants pay for all other utilities. The income is strong and the time is perfect for you to look at this for your next investment.

Last Agent to Sell the Property

Christopher Kelly

RE/MAX Innovative Bayside License #041942 Listed on: 05/16/2017

RE/MAX Innovative Bayside

Last Buyer's Agent

Stephen Loynd

South Peak Real Estate License #002863

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,910

Year Built

  • Built in 1890

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 3,372 Sq Ft Home
  • 2-Story Property
  • Lake Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Partial Basement
  • Walk-Up Access
  • Dirt Floor

Parking

  • Leased Parking
  • Driveway
  • Paved Parking
  • On-Street Parking

Schools

  • Laconia High School

Utilities

  • Zoned Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Underground Utilities
  • Gas Available at Street
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 220
  • 22% Total Tax Rate

Community Details

Overview

  • 4 Units
  • Bayside Rentals Association

Building Details

  • 4 Separate Gas Meters
  • Gross Income $32,700
  • Net Operating Income $14,457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,910

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Multi-Level
  • Directions: 740 Union Ave. in Lakeport is the second building on right after Elm Street heading south/west on Union Ave.
  • Flood Zone: Unknown
  • Footprint: 26 x 73
  • Assessment Amount: 131100
  • Assessment Year: 2016
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 54.12
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3372
  • Sq Ft - Apx Total Finished: 3372
  • Year Built: 1890
  • Remarks Public: Laconia, NH 03246- Located in the heart of Lakeport is this recently rehabbed investment property that has just gotten more valuable for you, the investor. Check out this price… Check out the income… The building is set up with 3 residential apartments fully leased with yearlong leases in place and a commercial space, presently Mustache Pete’s, which as well is on a lease. All 4 tenants appear to be happy with their present arrangement, making this a solid investment for you. The building is in really great shape with new water heaters, fresh paint, new flooring throughout and a great looking roof. There is one boiler, so the owner pays the residential units' fuel for heat but the tenants pay for all other utilities. The income is strong and the time is perfect for you to look at this for your next investment.
  • List Agent: 9195
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Total Rooms Above Ground: 16
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt Floor, Partial
  • Sq Ft - Apx Finished AG: 3372

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Block, Concrete, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle
  • Easements: Unknown
  • Water Body Type: Lake
  • Water View: Yes

Garage/Parking

  • Parking: Driveway, Leased, On Street

Utilities

  • Cable Company: Metrocast
  • Electric: Circuit Breaker(s)
  • Sewer: Public Sewer at Street
  • Water: Public
  • Water Heater: Electric, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water, Multi Zone
  • Electric Company: Eversource
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 4
  • Utilities: Cable - Available, Gas - Underground, Gas - At Street, High Speed Intrnt -Avail, Telephone Available

Condo/Co-op/Association

  • Management Company: Bayside Rentals

Schools

  • School District: Laconia Sch Dst SAU #30
  • High School: Laconia High School
  • High School: Laconia High School

Lot Info

  • Village/District/Locale: Lakeport
  • Map: 367
  • Lot: 2
  • Lot Sq Ft: 3920
  • Lot Acres: 0.09
  • Lot Description: City Lot, Lake View, Level, Sidewalks, Street Lights, Water View
  • Surveyed: Unknown
  • Zoning: Commercial
  • Deed Book: 3066
  • Deed Page: 697
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 32700
  • Net Income: 14457
  • Total Full Baths: 3
  • Total Units: 4
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Rate: 22.2
  • Tax Gross Amount: 2910.42
  • Tax Year: 2016

MLS Schools

  • School District: Laconia Sch Dst SAU #30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2021
Sold by
Degiso Steven R and Degiso Colleen A
Bought by
Union St Arms & Storefront
Current Estimated Value
$368,291

Purchase Details

Listed on
May 16, 2017
Closed on
Dec 4, 2017
Sold by
Kerchler Holdings Llc
Bought by
Degiso Steven R and Degiso Colleen A
Seller's Agent
Christopher Kelly
RE/MAX Innovative Bayside
Buyer's Agent
Stephen Loynd
South Peak Real Estate
List Price
$229,000
Sold Price
$182,500
Premium/Discount to List
-$46,500
-20.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%
Original Mortgage
$146,000
Interest Rate
3.88%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 24, 2016
Sold by
Porter Howard P and Porter Andrew S
Bought by
Kerchler Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
3.44%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 15, 2015
Closed on
Jan 6, 2016
Sold by
Yu Yuan G and Yu En
Bought by
Porter Howard P
Seller's Agent
Louis Guevin Jr
Coldwell Banker Realty Gilford NH
Buyer's Agent
Christopher Kelly
RE/MAX Innovative Bayside
List Price
$125,000
Sold Price
$105,000
Premium/Discount to List
-$20,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.72%

Purchase Details

Closed on
Jun 13, 2006
Sold by
White Mountain Rental
Bought by
Yu Yuan G and Yu En

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
6.62%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Union St Arms & Storefront -- None Available
Degiso Steven R $182,533 --
Kerchler Holdings Llc -- --
Porter Howard P $150,000 --
Yu Yuan G $237,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Degiso Steven R $146,000
Previous Owner Kerchler Holdings Llc $128,000
Previous Owner Yu Yuan G $166,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2017 12/01/17 Sold $182,500 -20.3% $54 / Sq Ft
10/05/2017 10/05/17 Pending -- -- --
05/16/2017 05/16/17 For Sale $229,000 0.0% $68 / Sq Ft
05/14/2016 05/14/16 Rented $875 -18.6% --
04/23/2016 04/23/16 Under Contract -- -- --
02/06/2016 02/06/16 For Rent $1,075 0.0% --
01/06/2016 01/06/16 Sold $105,000 -16.0% $31 / Sq Ft View Prior Sale
12/21/2015 12/21/15 Pending -- -- --
10/15/2015 10/15/15 For Sale $125,000 -- $37 / 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 $4,649 $341,100 $100,200 $240,900
2023 $4,365 $313,800 $85,900 $227,900
2022 $3,739 $251,800 $71,600 $180,200
2021 $3,961 $210,000 $66,800 $143,200
2020 $3,899 $197,700 $66,800 $130,900
2019 $3,651 $177,300 $60,400 $116,900
2018 $3,595 $172,400 $57,300 $115,100
2017 $2,923 $139,000 $43,300 $95,700
2016 $2,910 $131,100 $43,300 $87,800
2015 $3,450 $155,400 $45,500 $109,900
2014 $3,479 $155,300 $45,400 $109,900
2013 $3,376 $152,900 $43,000 $109,900
Source: Public Records

Agents Affiliated with this Home

  • Christopher Kelly

    Seller's Agent in 2017

    Christopher Kelly

    RE/MAX Innovative Bayside

    (603) 677-7022

    67 in this area

    249 Total Sales

    Christopher Kelly
    Section Image
  • Stephen Loynd

    Buyer's Agent in 2017

    Stephen Loynd

    South Peak Real Estate

    (603) 381-7898

    196 Total Sales

    Stephen Loynd
    Section Image

  • R

    Seller's Agent in 2016

    Rob Beaudet

    Vacasa New Hampshire LLC

  • L

    Seller's Agent in 2016

    Louis Guevin Jr

    Coldwell Banker Realty Gilford NH

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4634139

PrimeMLS

APN: LACO-000367-000220-000002

New Hampshire Belknap County Laconia 03246

740 Union Ave, Laconia, NH

This home is located at 740 Union Ave, Laconia, NH 03246 since 16 May 2017 and is currently estimated at $368,291, approximately $109 per square foot. This property was built in 1890. 740 Union Ave is a home located in Belknap County with nearby schools including Laconia Middle School, Laconia High School, and Holy Trinity Catholic School.

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