NOT LISTED FOR SALE

325 Walnut St Manchester, NH 03104

Estimated Value: $544,578 - $680,000

8 Beds
3 Baths
3,501 Sq Ft
$176/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $390,000 $111 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,043/month

17 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Baseboard Heating
  • Covered patio or porch
  • Interior Lot
  • 4-minute walk to Crystal Lake Park

About This Home

As of September 2020

NORTH END 3 FAMILY ( 1st time on market in 31 years). Features two LARGE 3 Bedroom units and one 2 Bedroom unit. This building was made "Lead Safe" in 2017 at a cost of $41,000.00 including all new vinyl windows , doors, decks , railings. Low maintenance vinyl siding, updated electrical circuit breakers. Parking for 6 cars in rear + one car garage ( rented at $50.00/month). Great long term tenants ( all TAW's) . Lots of room to increase rents. Owner does pay for heat to all three units ( 1 Natural Gas FHW system) We've managed this WONDERFUL NORTH END INVESTMENT for over 25 years. RARELY A VACANCY HERE !!!

Last Listed By

Pierre Peloquin

Pierre Peloquin Realty Listed on: 06/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,844

Year Built

  • Built in 1901

Lot Details

  • 4,792 Sq Ft Lot
  • Interior Lot
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 3,501 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Outdoor Features

  • Covered patio or porch

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Available
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 13 / 11

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $13,721
  • Gross Income $37,440
  • Net Operating Income $23,719

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,844

Year Built

Built in 1901

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Garden
  • Directions: North on Union Street right on Salmon Street and left onto Walnut Street
  • Footprint: 60x24
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 111.4
  • Year Built: 1901
  • Remarks Public: NORTH END 3 FAMILY ( 1st time on market in 31 years). Features two LARGE 3 Bedroom units and One 2 Bedroom unit. This building was made"Lead Safe" in 2017 at a cost of $41,000.00 including all new vinyl windows,doors, decks, railings. Low maintenance vinyl siding, updated electrical circuit breakers. Parking in rear for 6 cars + one car garage ( rented at $50.00/month). Great long term tenants ( All TAW'S). Lots of room to increase rents.OWNER DOES PAY HEAT TO ALL THREE UNITS ( One Natural Gas FHW system). We've managed this WONDERFUL NORTH END INVESTMENT for over 25 years. RARELY A VACANCY HERE !!! Showings begin Thursday July 2 from noon to 2:00 to Pre-Qualified buyers with lender approval verification on 15 minute intervals ( If still available, showings resume July 7th at noon to 2:00) . NO EXCEPTIONS !!
  • List Agent: 2331
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Full, Stairs - Interior, Unfinished, Stairs - Basement
  • Sq Ft - Apx Finished AG: 3501

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Porch - Covered

Garage/Parking

  • Garage Capacity: 1
  • Parking: Driveway, Garage, On-Site, Parking Spaces 6+
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Owned, Separate, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Separate Utilities: Varies
  • Total Electric Meters: 3
  • Total Gas Meters: 3
  • Total Heat Units: 1
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Municipal
  • Utilities: Cable, Gas - On-Site, Internet - Cable

Lot Info

  • Map: 38
  • Lot: 13
  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Lot Description: City Lot, Curbing, Interior Lot, Level, Sidewalks
  • Zoning: residential
  • Deed Book: 5151
  • Deed Page: 1623
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 37440
  • Net Income: 23719
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 5844
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Aug 22, 2020
Sold by
Porter James T and Porter Marilyn M
Bought by
Paulson Avery
Seller's Agent
Pierre Peloquin
Pierre Peloquin Realty
Buyer's Agent
Douglas Schack
Galactic Realty Group LLC
List Price
$369,900
Sold Price
$390,000
Premium/Discount to List
$20,100
5.43%
Total Days on Market
17
Current Estimated Value
$615,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,145
Avg. Annual Appreciation
10.32%
Original Mortgage
$382,936
Outstanding Balance
$344,243
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$270,902

Purchase Details

Closed on
Nov 27, 1989
Bought by
Porter James T

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
Paulson Avery $390,000 None Available
Porter James T $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paulson Avery $382,936
Previous Owner Porter James $29,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2020 09/01/20 Sold $390,000 +5.4% $111 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $369,900 0.0% $106 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $369,900 -- $106 / 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
2023 $7,395 $392,100 $84,600 $307,500
2022 $7,152 $392,100 $84,600 $307,500
2021 $6,932 $392,100 $84,600 $307,500
2020 $5,946 $241,100 $58,300 $182,800
2019 $0 $240,300 $58,300 $182,000
2018 $5,625 $240,300 $58,300 $182,000
2017 $5,116 $240,300 $58,300 $182,000
2016 $5,561 $240,300 $58,300 $182,000
2015 $5,372 $229,200 $52,200 $177,000
2014 $5,386 $229,200 $52,200 $177,000
2013 $5,196 $229,200 $52,200 $177,000
Source: Public Records

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Source: PrimeMLS

MLS Number: 4813807

PrimeMLS

APN: MNCH-000038-000000-000013