NOT LISTED FOR SALE

86 Mechanic St Lebanon, NH 03766

Estimated Value: $378,505 - $579,000

5 Beds
2 Baths
1,895 Sq Ft
$238/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $305,000 $161 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,985/month

18 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Trails
  • Hanover Street School Rated A-
  • Baseboard Heating
  • High Speed Internet

About This Home

As of June 2022

Two family unit in Lebanon right on the rail trail!!! 2 bedrooms downstairs and 3 bedrooms upstairs. Wonderful original tin ceilings, hardwood floors upstairs, covered porch. Great investment property or a nice place to live in one and rent out the other to help pay the bills!! Has a shared driveway with 88 Mechanic which is also for sale. Sits right on the Rail trail which you can ride for about 50 miles along Mascoma Lake and out to Grafton. Don't miss out!

Last Agent to Sell the Property

Deb Roberts

RE/MAX Upper Valley License #082.0007001 Listed on: 03/17/2022

RE/MAX Upper Valley

Last Buyer's Agent

Susan Cole

Susan Cole Realty Group, LLC License #065701

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,945

Year Built

  • Built in 1860

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Converted Dwelling
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,895 Sq Ft Home
  • 1.75-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Hanover Street Elementary School
  • Lebanon Middle School
  • Lebanon High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • High Speed Internet

Listing and Financial Details

  • Exclusions: UNIT 1 WASHER IS TENANT OWNED
  • Legal Lot and Block 100 / 52

Community Details

Overview

  • 2 Units

Recreation

  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,945

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Conversion
  • Directions: TAKE MECHANIC STREET FROM THE LEBANON GREEN PROPERTY IS ON THE RIGHT, LOOK FOR THE SIGN ON A SHARED DRIVE.
  • Construction: Existing
  • Items Excluded: UNIT 1 WASHER IS TENANT OWNED
  • Total Stories: 1.75
  • Price Per Sq Ft: 160.95
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2811
  • Sq Ft - Apx Total Finished: 1895
  • Year Built: 1860
  • Remarks Public: Showings start Saturday! Two family unit in Lebanon right on the rail trail!!! 2 bedrooms downstairs and 3 bedrooms upstairs. Wonderful original tin ceilings, hardwood floors upstairs, covered porch. Great investment property or a nice place to live in one and rent out the other to help pay the bills!! Has a shared driveway with 88 Mechanic which is also for sale see MLS #4899922. Sits right on the Rail trail which you can ride for about 50 miles along Mascoma Lake and out to Grafton. Don't miss out!
  • List Agent: 8735
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl
  • Total Rooms Above Ground: 11
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Unfinished
  • Sq Ft - Apx Finished AG: 1895
  • Sq Ft - Apx Unfinished BG: 916

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Aluminum
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal
  • Easements: Unknown
  • Features Exterior: Porch, Porch - Covered

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Off Boiler
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard
  • Total Electric Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: High Speed Intrnt -Avail

Schools

  • School District: Lebanon School District
  • Elementary School: Hanover Street School
  • Middle School: Lebanon Middle School
  • High School: Lebanon High School
  • Elementary School: Hanover Street School
  • High School: Lebanon High School

Lot Info

  • Map: 106
  • Lot: 100
  • Lot Sq Ft: 6970
  • Lot Acres: 0.16
  • Lot Description: City Lot, Sloping, Trail/Near Trail
  • Surveyed: Unknown
  • Zoning: R2
  • Deed Book: 4089
  • Deed Page: 0804
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4945
  • Tax Year: 2021

MLS Schools

  • School District: Lebanon School District
  • School Middle Jr: Lebanon Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Jun 8, 2022
Sold by
K Thai Inc
Bought by
Laundry Christopher L
Seller's Agent
Deb Roberts
RE/MAX Upper Valley
Buyer's Agent
Susan Cole
Susan Cole Realty Group, LLC
List Price
$375,000
Sold Price
$305,000
Premium/Discount to List
-$70,000
-18.67%
Current Estimated Value
$451,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,376
Avg. Annual Appreciation
12.49%
Original Mortgage
$457,500
Outstanding Balance
$434,663
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$16,713

Purchase Details

Listed on
Oct 24, 2014
Closed on
Oct 20, 2014
Sold by
Moodie Curtis A and Moodie Jeanne M
Bought by
K Thai Inc
Seller's Agent
Carol Shepherd
C.G. Shepherd Realty, LLC
Buyer's Agent
Charles Rogers
C.G. Shepherd Realty, LLC
Sold Price
$850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.79%
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
Laundry Christopher L $305,000 None Available
K Thai Inc $130,000 --
K Thai Inc $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laundry Christopher L $457,500
Closed K Thai Inc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2022 06/09/22 Sold $305,000 -4.4% $161 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
04/01/2022 04/01/22 Price Changed $319,000 -14.9% $168 / Sq Ft
03/17/2022 03/17/22 For Sale $375,000 0.0% $198 / Sq Ft
02/28/2015 02/28/15 Rented $900 0.0% --
01/29/2015 01/29/15 Under Contract -- -- --
01/19/2015 01/19/15 For Rent $900 +5.9% --
11/24/2014 11/24/14 Rented $850 0.0% --
11/06/2014 11/06/14 Under Contract -- -- --
10/24/2014 10/24/14 For Rent $850 0.0% --
10/17/2014 10/17/14 Sold $130,000 -13.3% $69 / Sq Ft View Prior Sale
08/29/2014 08/29/14 Pending -- -- --
08/17/2014 08/17/14 For Sale $150,000 -- $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 $6,985 $265,800 $57,200 $208,600
2023 $6,454 $265,800 $57,200 $208,600
2022 $6,124 $265,800 $57,200 $208,600
2021 $4,945 $183,300 $43,900 $139,400
2019 $5,002 $164,700 $42,000 $122,700
2018 $4,895 $164,700 $42,000 $122,700
2017 $4,789 $164,700 $42,000 $122,700
2016 $4,636 $164,800 $42,000 $122,800
2015 $4,550 $164,800 $42,000 $122,800
2014 $4,505 $171,500 $47,600 $123,900
2013 $4,467 $175,100 $47,600 $127,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4901345

PrimeMLS

APN: LBAN-000106-000052-000100