J
Seller's Agent in 2015
Joseph Nelson
Bean Group / Portsmouth
9 Dover Rd Durham, NH 03824
Estimated Value: $589,000
6
Beds
3
Baths
2,671
Sq Ft
$221/Sq Ft
Est. Value
Highlights
- Corner Lot
- Baseboard Heating
- 2-minute walk to Old landing Picnic Park
- Mast Way School Rated A-
About This Home
As of May 2015Extremely well maintained, managed and located 3 unit property. All units are rented, with rental increases, for the 2015-16 school year. Features include an 8 yr old roof, 4 yr old heating system and 10 on-site parking spots(2 spaces are leased to non-residents). Owner received $1,000($500 each) for the two spaces this year and this will go to $1,400 in 2015-16. Unit #1 (3 BR) is rented until May of 2015 for $2,175 per month or $725 per person. Unit #2 (2 BR) is rented until May of 2015 for $1,450 per month or $725. per person. For the 2015-16 school year these two units are leased for $2,325(3 BR) and $1,550(2 BR),or $775 per person, respectively. NOI will go to $44,300 next year which results in a 9.8% capitalization rate at list price!
Last Agent to Sell the Property
Joseph Nelson
Bean Group / Portsmouth Brokerage Phone: 603-781-8392 License #011076 Listed on: 03/16/2015
Last Buyer's Agent
Ashley Child
KW Coastal and Lakes & Mountains Realty License #069270
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,307
Year Built
- Built in 1940
Lot Details
- 0.27 Acre Lot
- Corner Lot
Home Design
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- Paved Parking
- On-Site Parking
- 6 to 12 Parking Spaces
Utilities
- Baseboard Heating
- Hot Water Heating System
- 110 Volts
Listing and Financial Details
- Rent includes heat, hot water
Community Details
Overview
- 3 Units
Building Details
- 2 Leased Units
- Gross Income $57,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 27, 2002
Sold by
Gsottschneider Richard K and Gsottschneider Kathleen M
Bought by
Van Rich Props Llc
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Van Rich Props Llc | $135,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tyche Capital Group Llc | $380,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2015 05/20/15 | Sold | $411,500 | -8.5% | $154 / Sq Ft |
| 04/17/2015 04/17/15 | Pending | -- | -- | -- |
| 03/16/2015 03/16/15 | For Sale | $449,900 | -- | $168 / Sq Ft |
Source: PrimeMLS
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 |
|---|---|---|---|---|
| 2021 | $10,539 | $377,600 | $120,000 | $257,600 |
| 2020 | $12,362 | $445,800 | $165,000 | $280,800 |
| 2019 | $12,111 | $445,800 | $165,000 | $280,800 |
| 2018 | $6,050 | $445,800 | $165,000 | $280,800 |
| 2017 | $11,622 | $379,300 | $132,000 | $247,300 |
| 2016 | $11,277 | $379,300 | $132,000 | $247,300 |
| 2015 | $11,322 | $379,300 | $132,000 | $247,300 |
| 2014 | $7,306 | $239,400 | $71,700 | $167,700 |
| 2013 | $7,280 | $239,400 | $71,700 | $167,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2015
Ashley Child
KW Coastal and Lakes & Mountains Realty
Map
Source: PrimeMLS
MLS Number: 4407415
APN: DRHM-000004-000041-000001
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