NOT LISTED FOR SALE

Estimated Value: $602,000 - $655,000

6 Beds
3 Baths
3,177 Sq Ft
$197/Sq Ft Est. Value

Last Sold July 17, 2023

Last sale price $545,000 $172 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,974/month

3 Days on Market

Highlights

  • Wood Flooring
  • Asbestos
  • 5-minute walk to Piscataquog Trail

About This Home

As of July 2023

Large 3 family with all units remodeled and identical. All units provide eat in kitchen, remodeled bathrooms with washer and dryers in each unit, natural gas, separate locked storage provided. Tenants pay all utilities. 2 parking spots for each unit in the back alley of property. Small easy to care for yard with balconies on second and third floors. 1st floor is currently vacant but could be rented prior to closing at 1,700. COC till June 2024. Basement professionally waterproofed by Rescon with french drain, wall tarp and pump. 1st floor natural hot air furnace and 2nd and 3rd floors have natural gas monitor heating systems in unit NEW from 2019. Great property for any investor, portfolio or someone interested in getting started in purchasing investment properties. TURN-KEY, easy access to highways and within walking distance to Catholic Medical Center.

Last Agent to Sell the Property

Beth Decato-Beaulieu

Keller Williams Realty-Metropolitan License #058923 Listed on: 06/16/2023

Keller Williams Realty-Metropolitan

Last Buyer's Agent

Beth Decato-Beaulieu

Keller Williams Realty-Metropolitan License #058923 Listed on: 06/16/2023

Keller Williams Realty-Metropolitan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,234

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Reflective Roof
  • Asbestos

Interior Spaces

  • 3 Full Bathrooms
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Schools

  • Gossler Park Elementary School
  • Parkside Middle School
  • Manchester West High School

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0008

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Gross Income $56,400
  • Net Operating Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,234

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Flood Zone: Unknown
  • Assessment Amount: 341800
  • Assessment Year: 2022
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 171.55
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4456
  • Sq Ft - Apx Total Finished: 3177
  • Year Built: 1920
  • Remarks Public: Large 3 family with all units remodeled and identical. All units provide eat in kitchen, remodeled bathrooms with washer and dryers in each unit, natural gas, separate locked storage provided. Tenants pay all utilities. 2 parking spots for each unit in the back alley of property. Small easy to care for yard with balconies on second and third floors. 1st floor is currently vacant but could be rented prior to closing at 1,700. COC till June 2024. Basement professionally waterproofed by Rescon with french drain, wall tarp and pump. 1st floor natural hot air furnace and 2nd and 3rd floors have natural gas monitor heating systems in unit NEW from 2019. Great property for any investor, portfolio or someone interested in getting started in purchasing investment properties. TURN-KEY, easy access to highways and within walking distance to Catholic Medical Center.
  • List Agent: 4628
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl Plank
  • Total Rooms Above Ground: 12
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 3177
  • Sq Ft - Apx Unfinished AG: 240
  • Sq Ft - Apx Unfinished BG: 1039

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Reflective, Tar and Gravel

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Total Gas Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Municipal
  • Utilities: Cable - Available

Schools

  • School District: Manchester Sch Dst SAU #37
  • Elementary School: Gossler Park Elementary School
  • Middle School: Parkside Middle School
  • High School: Manchester West High School
  • Elementary School: Gossler Park Elementary School
  • High School: Manchester West High School

Lot Info

  • Map: 0297
  • Lot: 0008
  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: multi
  • Deed Book: 9173
  • Deed Page: 1677
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 56400
  • Net Income: 49800
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 3

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 6234
  • Tax Year: 2022

MLS Schools

  • School District: Manchester Sch Dst SAU #37
  • School Middle Jr: Parkside Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Jul 14, 2023
Sold by
Morrison Patrick and Morrison Mackenzie L
Bought by
Jin Shengjin and Wang Chunhua
Seller's Agent
Beth Decato-Beaulieu
Keller Williams Realty-Metropolitan
Buyer's Agent
Beth Decato-Beaulieu
Keller Williams Realty-Metropolitan
List Price
$525,000
Sold Price
$545,000
Premium/Discount to List
$20,000
3.81%
Views
96
Current Estimated Value
$624,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,007
Avg. Annual Appreciation
6.98%
Original Mortgage
$381,500
Outstanding Balance
$373,148
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$252,707

Purchase Details

Listed on
Apr 8, 2019
Closed on
May 31, 2019
Sold by
Mario & L Laflamme Ft and Laflamme
Bought by
Morrison Patrick and Martin Mackenzie
Seller's Agent
Daniel Curtis
BHHS Verani Bedford
Buyer's Agent
Beth Decato-Beaulieu
Keller Williams Realty-Metropolitan
List Price
$314,900
Sold Price
$320,000
Premium/Discount to List
$5,100
1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.76%
Original Mortgage
$304,000
Interest Rate
4.1%
Mortgage Type
New Conventional
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
Jin Shengjin $545,000 None Available
Morrison Patrick $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jin Shengjin $381,500
Previous Owner Morrison Mackenzie $304,000
Previous Owner Morrison Patrick $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2023 07/17/23 Sold $545,000 +3.8% $172 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $525,000 0.0% $165 / Sq Ft
10/08/2020 10/08/20 Rented $1,400 0.0% --
09/15/2020 09/15/20 Price Changed $1,400 -12.5% $1 / Sq Ft
08/23/2020 08/23/20 For Rent $1,600 0.0% --
05/31/2019 05/31/19 Sold $320,000 +1.6% $103 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $314,900 -- $101 / 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 $6,692 $341,800 $84,600 $257,200
2023 $6,446 $341,800 $84,600 $257,200
2022 $6,234 $341,800 $84,600 $257,200
2021 $6,043 $341,800 $84,600 $257,200
2020 $5,223 $211,800 $58,300 $153,500
2019 $5,151 $211,800 $58,300 $153,500
2018 $4,994 $210,900 $58,300 $152,600
2017 $4,918 $210,900 $58,300 $152,600
2016 $4,880 $210,900 $58,300 $152,600
2015 $4,782 $204,000 $58,300 $145,700
2014 $4,794 $204,000 $58,300 $145,700
2013 $4,625 $204,000 $58,300 $145,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4957414

PrimeMLS

APN: MNCH-000297-000000-000008