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Hillsborough 03054
1 Gerard Drive
Listed by: Elise Harnisch, Keller Williams Realty-Metropolitan, Selling Office: Coldwell Banker Realty Manchester NH, Listing Courtesy of Prime MLS
$324,900
● House - Off Market

1 Gerard Drive

Merrimack, NH 03054
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,888 Ft²
$603,905
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Beautiful 4 bedroom home at the end of a dead-end street abutting trails to Horse Hill Nature preserve. Over 500 acres of trails right from your doorstep! First floor laundry, tiled eat-in kitchen, gleaming hardwood floors and updated carpet throughout the home. Updated roof, vinyl siding, new shutters, pellet stove and generator hookup! On demand tank-less electric water heater if you want to bypass the boiler! Master with bath and ample closet space coupled with 3 additional bedrooms on the second floor. Front to back living room with wood fireplace, and french doors to the relaxing 3 season room, deck and fully fenced back yard. Finished basement with bar and new carpet is a great escape in this large home.
Unit Size
2,888 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$113
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1988

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4346925)

Price History

Date / Event Date Event Price
Oct 2, 2018 Sold
Premium
Sold
Jul 10, 2018 Listed by Keller Williams Realty-Metropolitan $369,900
Listed by Keller Williams Realty-Metropolitan
Jun 25, 2014 Sold
Premium
Sold
Apr 10, 2014 Listed by Keller Williams Realty-Metropolitan $324,900
Listed by Keller Williams Realty-Metropolitan

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,818
  • Total Building Area: 2,900
  • Gross Building Area: 4,344
  • Building Area: 2,900
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,900
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000960
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Merrimack School District
  • School Tax School District: MERRIMACK
  • Census Tract: 014302

Zoning

  • Zoning: RESIDE

Geography

  • Assessors Map Reference: 3C
  • Parcel: MRMK M:0003C L:000053 S:000000
  • Lot: 53
  • Municipality: MERRIMACK
  • Latitude: 42.8358
  • Longitude: -71.5262

    Address

  • Full Address: 1 Gerard Dr
  • Address - House Number: 1
  • Address - Street Name: Gerard
  • Address - Suffix Type: Dr
  • State: NH
  • City Name: Merrimack
  • Carrier Code: R020
  • 4-Digit Zip Code: 4255
  • Zip Code: 03054

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $856,600

    Appraisal Valuation

  • Standard Deviation: 0.1356
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 84
  • Final Value: 590,496
  • High Value: 670,625
  • Low Value: 510,368

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440,400
  • Assessed Land Value: $209,200
  • Assessed Improvements Value: $231,200

    Sales

  • Current Sale Recording Date: Oct 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8043941
  • Previous Sale Recording Date: Jun 25, 2014
  • Previous Sale Amount: $324,900
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hillsborough

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$214

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3383 ft²

Average Home Age

60 years

Currently For Sale

979 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Prime

Listed by: Elise Harnisch, Keller Williams Realty-Metropolitan
Last Updated Date: 2024-06-23
Last Checked: 2 hours ago
Data Source: Prime MLS, MLS# 4346925
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1 Gerard Drive built and last sold?
The property at 1 Gerard Drive was built in 1988 and last sold on Jan 1, 1970 for $369,933.
How much is this home worth?
The estimated value of the home located at 1 Gerard Drive is $385,334.
What are some comparable homes to 1 Gerard Drive?
There are currently no comparable homes to 1 Gerard Drive.
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