NOT LISTED FOR SALE
Studio
5 Baths
4,316 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: August 13, 2024

Last sale price $564,000 $131 Per Sq Ft

12 Days on Market

Highlights

  • Beach Access
  • Mountain View
  • Baseboard Heating
  • Access to a Dock
  • Corner Lot
  • 5-minute walk to Kelley Park

About This Home

As of August 2024

This unique 5-unit multifamily property not only offers lucrative investment potential, but also provides an inviting space for recreational activities located right in the town of Bristol. Surrounded by hills and lakes, the town attracts tourism and enhances its appeal to tenants - maximizing rental income. The building is three 1-bedroom and two 2-bedroom units, a good diversity of options. The 2-bedroom units have undergone a full remodel, offering modern and stylish interiors. Two of three 1-bedroom units have been upgraded with new appliances, fresh paint, and improved fixtures, creating comfortable and inviting living spaces for residents. Each unit is equipped with separate electric meters and individual heating systems for personalized comfort. Residents enjoy the convenience of parking on site and additional street parking. Featuring a playground in the backyard, this property makes an ideal investment in an area that is gaining popularity. It would be a great 1031 exchange replacement property. Showings begin 5/12/24. Owner is a licensed realtor.

Last Agent to Sell the Property

Viktoria Alkova

KW Coastal and Lakes & Mountains Realty Listed on: 05/07/2024

KW Coastal and Lakes & Mountains Realty

Co-Listed By

Lisa Alkova

KW Coastal and Lakes & Mountains Realty License #081274

Last Buyer's Agent

A non PrimeMLS customer

A Non PrimeMLS Agency

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,903

Year Built

  • Built in 1890

Lot Details

  • 17,424 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Garden Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 5 Full Bathrooms
  • 2.5-Story Property
  • Vinyl Flooring
  • Mountain Views

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor
  • Crawl Space
  • Natural lighting in basement

Parking

  • 510 Car Parking Spaces
  • Gravel Driveway
  • Paved Parking
  • On-Street Parking
  • On-Site Parking

Outdoor Features

  • Beach Access
  • Water Access
  • Access to a Dock

Schools

  • Bristol Elementary School
  • Newfound Memorial Middle Sch
  • Newfound Regional High Sch

Utilities

  • Heating System Uses Gas
  • Individual Controls for Heating
  • Baseboard Heating
  • Separate Meters
  • Water Heater

Listing and Financial Details

  • Tax Block 053

Community Details

Recreation

  • Trails

Additional Features

  • 5 Units
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,903

Year Built

Built in 1890

Lot Details

0.4 Acres

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 130.68
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5632
  • Sq Ft - Apx Total Finished: 4316
  • Year Built: 1890
  • List Agent: 284014
  • Display On Internet: Unknown
  • Architectural Style: Garden, Multi-Family, Multi-Level
  • ResoLotFeatures: Corner, Country Setting, Level, Mountain View, Trail/Near Trail
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater – Separate
  • Flooring: Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Crawl Space, Daylight, Dirt, Full, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 4316
  • Sq Ft - Apx Unfinished AG: 516
  • Sq Ft - Apx Unfinished BG: 800

Exterior Features

  • Driveway: Gravel, Paved
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal, Shingle - Asphalt
  • Water Body Type: Lake
  • Water Access Details: Beach Access, Dock Access
  • Water Body Name 2: Newfound Lake
  • Water Body Access 2: Yes
  • Construction Type: Wood Frame, Clapboard Exterior, Vinyl Exterior

Garage/Parking

  • Parking: On-Site, On Street, Parking Spaces 5 - 10

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Electric, Gas - LP/Bottle
  • Heating: Baseboard, Individual
  • Separate Utilities: Yes
  • Total Electric Meters: 5
  • Total Gas Meters: 5
  • Total Heat Units: 5
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Water Source: Public

Schools

  • Elementary School: Bristol Elementary School
  • High School: Newfound Regional High Sch

Lot Info

  • Map: 115
  • Lot: 000
  • Lot Sq Ft: 17424
  • Lot Acres: 0.4
  • Zoning: VR
  • Deed Book: 4729
  • Deed Page: 500
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 4902.63
  • Tax Year: 2023

MLS Schools

  • School District: Newfound Sch Dst SAU 4
  • School Middle Jr: Newfound Memorial Middle Sch

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Aug 13, 2024
Sold by
Bought by
Seller's Agent
Viktoria Alkova
KW Coastal and Lakes & Mountains Realty
Buyer's Agent
A non PrimeMLS customer
A Non PrimeMLS Agency
List Price
$550,000
Sold Price
$564,000
Premium/Discount to List
$14,000
2.55%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$411,729
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,600,000
Interest Rate
6.57%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 19, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,486,000
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 10, 2020
Closed on
Mar 16, 2021
Sold by
Bought by
Seller's Agent
Scott Perdue
Restore Realty
Buyer's Agent
Scott Perdue
Restore Realty
List Price
$299,900
Sold Price
$300,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 14, 2017
Closed on
Aug 8, 2018
Sold by
Bought by
Seller's Agent
Margaret Duba
Granite Group Realty Services
Buyer's Agent
Scott Perdue
Restore Realty
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.88%
Original Mortgage
$160,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$564,000 None Available
-- None Available
$378,000 None Available
$300,000 None Available
$200,000 --
$186,000 --
$90,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $420,000
Previous Owner $8,500,000
Previous Owner $6,600,000
Previous Owner $1,486,000
Previous Owner $150,000
Previous Owner $280,000
Previous Owner $213,750
Closed $160,000
Previous Owner $148,800
Previous Owner $118,000
Previous Owner $85,525
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2024 08/13/24 Sold $564,000 0.0% $131 / Sq Ft
08/01/2024 08/01/24 Off Market $564,000 -- --
05/19/2024 05/19/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $550,000 +83.3% $127 / Sq Ft
03/16/2021 03/16/21 Sold $300,000 0.0% $70 / Sq Ft View Prior Sale
01/14/2021 01/14/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $299,900 0.0% $70 / Sq Ft
01/11/2021 01/11/21 Price Changed $299,900 0.0% $70 / Sq Ft
01/09/2021 01/09/21 Off Market $300,000 -- --
10/16/2020 10/16/20 For Sale $329,000 0.0% $76 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $329,000 +64.5% $76 / Sq Ft
08/09/2018 08/09/18 Sold $200,000 -4.3% $46 / Sq Ft View Prior Sale
05/18/2018 05/18/18 Pending -- -- --
11/18/2017 11/18/17 Price Changed $209,000 -7.1% $48 / Sq Ft
10/14/2017 10/14/17 For Sale $225,000 -- $52 / Sq Ft
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,860 $445,300 $102,600 $342,700
2024 $5,090 $215,500 $46,100 $169,400
2023 $4,903 $215,500 $46,100 $169,400
2022 $4,523 $215,500 $46,100 $169,400
2021 $4,355 $215,500 $46,100 $169,400
2020 $4,459 $215,500 $46,100 $169,400
2019 $4,644 $203,700 $30,500 $173,200
2018 $4,441 $203,700 $30,500 $173,200
2017 $4,508 $203,700 $30,500 $173,200
2016 $4,200 $203,700 $30,500 $173,200
2015 $4,016 $199,500 $26,600 $172,900
2014 $4,016 $199,500 $26,600 $172,900
2013 -- $199,500 $26,600 $172,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4994462

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