NOT LISTED FOR SALE

2 Spring St Newmarket, NH 03857

Estimated Value: $676,000 - $794,000

-- Bed
3 Baths
3,041 Sq Ft
$238/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $630,000 $207 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,890/month

4 Days on Market

Highlights

  • Victorian Architecture
  • Porch
  • Level Lot
  • Newmarket Elementary School Rated A-
  • Hot Water Heating System
  • Walk-Up Access

About This Home

As of August 2022

Investors take notice!! Opportunities like this don't come around everyday. This three unit multil unit has been extremely well cared for. The roof is two years old with newer heating systems. The building has eight off street parking spots and is located in downtown Newmarket. Currently fully rented. This is a great opportunity for someone looking for a well maintained investment property. Owner pays town water and sewer, the rest of the utilities are separated and paid by the tenants. This is a rare find in Newmarket. Showings begin Monday at 2pm BY APPOINTMENT ONLY

Last Listed By

Kate Foss

BHHS Verani Seacoast License #066645 Listed on: 07/09/2022

BHHS Verani Seacoast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,474

Year Built

  • Built in 1880

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,041 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Dirt Floor

Outdoor Features

  • Porch

Schools

  • Newmarket Elementary School
  • Newmarket Junior High School
  • Newmarket Senior High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 69
  • 25% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,474

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Victorian
  • Directions: From Route 108 to the Town Library on Elm Street. The property is one block up the hill to the corner of Spring Street. See Sign.
  • Flood Zone: Unknown
  • Assessment Amount: 321500
  • Assessment Year: 2021
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 207.17
  • Year Built: 1880
  • Remarks Public: Investors take notice!! Opportunities like this don't come around everyday. This three unit multil unit has been extremely well cared for. The roof is two years old with newer heating systems. The building has eight off street parking spots and is located in downtown Newmarket. Currently fully rented. This is a great opportunity for someone looking for a well maintained investment property. Owner pays town water and sewer, the rest of the utilities are separated and paid by the tenants. This is a rare find in Newmarket. Showings begin Monday at 2pm BY APPOINTMENT ONLY
  • List Agent: 6692
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt Floor, Full, Unfinished
  • Sq Ft - Apx Finished AG: 3041

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Porch

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Utilities: Cable

Fee Information

  • Tax Class: TBD

Schools

  • School District: Newark School District
  • Elementary School: Newmarket Elem School
  • Middle School: Newmarket Junior High School
  • High School: Newmarket Senior HS
  • Elementary School: Newmarket Elem School
  • High School: Newmarket Senior HS

Lot Info

  • Map: U2
  • Lot: 69
  • Lot Sq Ft: 6534
  • Lot Acres: 0.15
  • Lot Description: Level, Neighbor Business
  • Surveyed: Unknown
  • Zoning: Multifamily
  • Deed Book: 5207
  • Deed Page: 2121
  • Deed Recorded Type: Quit Claim

Tax Info

  • Taxes TBD: Yes
  • Tax Rate: 25.46
  • Tax Gross Amount: 8474
  • Tax Year: 2022

Multi Family

  • Total Units: 3
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

MLS Schools

  • School District: Newark School District
  • School Middle Jr: Newmarket Junior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2022
Closed on
Aug 17, 2022
Sold by
Tully Christine
Bought by
Zheng Liping
Seller's Agent
Kate Foss
BHHS Verani Seacoast
Buyer's Agent
Jennifer Russell
BHHS Verani Seacoast
List Price
$619,000
Sold Price
$630,000
Premium/Discount to List
$11,000
1.78%
Total Days on Market
4
Current Estimated Value
$722,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,242
Avg. Annual Appreciation
5.89%
Original Mortgage
$498,400
Outstanding Balance
$481,905
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$252,970

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
Zheng Liping $630,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Liping $498,400
Previous Owner Tully Christine $205,000
Previous Owner Tully Christine $217,000
Previous Owner Tully Christine $185,500
Previous Owner Sanderson Christine $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $630,000 +1.8% $207 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/09/2022 07/09/22 For Sale $619,000 -- $204 / 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 $10,387 $603,900 $154,800 $449,100
2023 $9,481 $321,500 $88,400 $233,100
2022 $8,677 $321,500 $88,400 $233,100
2021 $8,475 $321,500 $88,400 $233,100
2020 $8,185 $321,500 $88,400 $233,100
2018 $7,140 $244,200 $58,900 $185,300
2017 $6,527 $244,200 $58,900 $185,300
2016 $6,121 $240,500 $58,900 $181,600
2015 $6,003 $240,500 $58,900 $181,600
2014 $6,193 $240,500 $58,900 $181,600
2013 $6,653 $272,000 $75,100 $196,900
2012 $6,438 $272,000 $75,100 $196,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4919942

PrimeMLS

APN: NMAR-000002-000069-000000-U000000