53 North Spring Street

Closed 6/16/17
Closed 6/16/17
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Sold
Last Sold Price
$294,000
6 beds2,178 sqft
53 N Spring St, Concord, NH 03301
Multi FamilyProperty Type
0.13 acresLot Size
1900Year Built
$135/sq ftPrice per sq ft
4 carsParking Spaces

Description

Who doesn't appreciate a spacious parking area PLUS a FOUR car garage? This three family building has much to offer all on its own BUT add in the fact that it has ample paved parking and its value is enhanced even more. Two of the garage units are rented out on a monthly basis. Tenants pay heat, electricity and hot water. ALL units are rented with leases in place. The first floor has THREE bedrooms, one bath and laundry; the second floor has TWO bedrooms, one bath and laundry and the third unit is...Who doesn't appreciate a spacious parking area PLUS a FOUR car garage? This three family building has much to offer all on its own BUT add in the fact that it has ample paved parking and its value is enhanced even more. Two of the garage units are rented out on a monthly basis. Tenants pay heat, electricity and hot water. ALL units are rented with leases in place. The first floor has THREE bedrooms, one bath and laundry; the second floor has TWO bedrooms, one bath and laundry and the third unit is a studio with its own bath. Location is a priority and this property is walking distance to many Concord landmarks, Main St., and the UNH Law Center. The bottom line...your NOI is over $28,000. annually, which would be a positive addition to any investor's portfolio. Listing agent is related to Seller.

    Sold By LAER Realty Partners/Beauchemin & Assoc.

    • Listed by: Debbie Kelley • BHHS Verani Londonderry
    Listing closed: 06/16/2017 12:00 AM • Source: New England Real Estate Network, MLS#: 4617570
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    $2,011 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $1,519

    Property Taxes

    $492

    HOA Dues

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    Property Information for 53 North Spring Street

    Property Details
    • Taxes: $5,904 / year
    • MLS Type: Multi Family
    • County: Merrimack County
    • Parking: Driveway, Garage, Paved
    • Zoning: RD
    Building Information
    • Stories: 2
    • Residences: 3
    • Year Built: 1900
    • Lot Size: 0.13 AC / 5,662 SF
    Summary
    Location and General Information
    • City: Concord
    • County: NH-Merrimack
    • Directions: Head North on Centre Street from downtown Concord, and take a left onto North Spring Street. Blue house located on right.
    • Latitude: 43.206043449711800
    • Longitude: -71.541880982803406
    • Road Frontage: TBD
    • Seasonal: No
    • State: NH
    • Street Designation: Street
    • Map: 43
    • Zip: 03301
    Taxes and HOA Information
    • Tax Expenses: $5,904.00
    • Tax - Gross Amount: $5,904.00
    • Tax Year: 2016
    • Taxes TBD: Yes
    School Information
    • School - District: Concord School District SAU #8
    Parking
    • Garage: Yes
    • Garage Capacity: 4.00
    • Driveway: Paved
    Property
    Lot Information
    • Block: 8
    • Lot: 7
    • Lot - Sqft: 5663.0
    • Lot Size Acres: 0.13
    • Square Feet Apx Finished Above Grade: 2178.0
    • Square Feet Apx Finished AG Source: Public Records
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Total: 3192.0
    • Square Feet Apx Total Finished: 2178.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished AG Source: Public Records
    • Square Feet Apx Unfinished Below Grade: 1014.0
    • Square Feet Apx Unfinished BG Source: Public Records
    Property and Assessments
    • Property Class: Multi-Family
    • Easements: Unknown
    • Flood Zone: No
    • Foundation: Block, Brick
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1900
    Utilities
    • Electric: 200 Amp, Circuit Breaker(s), Combo
    • Sewer: Public
    • Total Gas Meters: 3
    • Total Electric Meters: 4
    Interior and Exterior Features
    Exterior Features
    • Color: Blue
    • Roads: Paved, Public
    • Roof: Shingle - Asphalt
    Interior Features
    • Basement: Yes
    • Basement Access Type: Walkout
    • Basement Description: Bulkhead, Sump Pump, Unfinished
    • Total Full Baths: 3
    • Flooring: Hardwood, Tile
    • Heat Fuel: Electric, Gas - Natural
    • Heating: Wall Units
    • Cooling: None
    • Total Refrigerators: 3
    • Total Stories: 2
    • Total Water Heaters: 3
    • Trash: Curbside
    Multi Family
    Income & Expenses Information
    • Gross Income: $37,800.00
    • Expenses - Annual: $8,876.00
    • Expenses - Insurance: $908.00
    • Expenses - Snow: $480
    • Net Income: $28,924.00
    • Expenses - Water: $984.00
    • Expenses - Miscellaneous: $600.00
    • Operating Expense Incl: Insurance, Maintenance, Other, Snow Removal, Water/Sewer
    Multi-Family Information
    • Total Units: 3
    • Total 1 BR Units: 1
    • Total 2 BR Units: 1
    • Total 3+ BR Units: 1
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 3
    • Unit 1 Lease Term: Annual
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Rooms: 5
    • Unit 1 Rental Amount: $1,250.00
    • Unit 1 Tenant Pays: Electric, Heat, Hot Water
    Unit 2
    • Unit 2 Lease Term: Annual
    • Unit 2 Baths: 1
    • Unit 2 Rooms: 4
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Bedrooms: 2
    • Unit 2 Rental Amount: $1,070.00
    • Unit 2 Tenant Pays: Electric, Heat, Hot Water
    Unit 3
    • Unit 3 Lease Term: Annual
    • Unit 3 Baths: 1
    • Unit 3 Rooms: 1
    • Unit 3 Rental Amt Freq: Monthly
    • Unit 3 Bedrooms: 1
    • Unit 3 Rental Amount: $650.00
    • Unit 3 Tenant Pays: Electric, Heat, Hot Water
    Rental
    Rent Information
    • Total Leases: 3

    Property History for 53 North Spring Street

    DateEvent & SourcePriceAppreciation
    Jun 16, 2017

    Sold (Public Record)

    Public Record #599352452

    		$294,000

    +45.7% / yr

    Jun 16, 2017

    Sold

    New England Real Estate Network #4617570

    		$294,000—
    Jun 16, 2017

    Pending

    New England Real Estate Network #4617570

    		—
    DateEvent & SourcePrice
    06/16/2017

    Sold (Public Record)

    Public Record #599352452

    $294,000

    +45.7% / yr

    06/16/2017

    Sold

    New England Real Estate Network #4617570

    $294,000
    06/16/2017

    Pending

    New England Real Estate Network #4617570

    —

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 53 North Spring Street

    Taxable ValueLand$90,300Additions$225,700Total$316,000
    Tax Record2025$9,199 ($767 / month)
    Home Facts
    Baths3Total Finished SqFt2,178 SqFtAbove Grade Finished SqFt2,178 SqFtUnfinished Basement SqFt1,014 SqFtStories2Lot Size5,663 SqFtStyleTriplexYear Built1900Year Renovated1900ZoningRDCountyMERRIMACKAPNCNCD M:6444Z B:66

    Schools near 53 North Spring Street

    This home is within Concord School District.
    Rating
    School
    Type
    Grades
    Distance
    Christa McAuliffe School
    		Public - K to 5
    Rundlett Middle School
    		Public - 6 to 8
    Concord High School
    		Public - 9 to 13
    Mill Brook School
    		Public - PK to 2
    Rating
    School
    Distance
    Christa McAuliffe School
    PublicK to 5

    Rundlett Middle School
    Public6 to 8

    Concord High School
    Public9 to 13

    Mill Brook School
    PublicPK to 2

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of BHHS Verani Londonderry

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