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Hillsborough 03054
16 Forest Drive
$249,900
● House - Off Market

16 Forest Drive

Merrimack, NH 03054
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,948 Ft²
$1,715
Est. Monthly
7.26%
Cap Rate

About This Property

Located in a desirable neighborhood close to schools & the library, this unique, open concept contemp. sits on 1.32 ac of land. Large windows throughout make this house bright & inviting. A FP is the focal point of the LR. A few steps up is the DR, which leads out into a serene, natural wooded setting. The kitchen expands into a sunroom & there is a 2-car garage w/ extra storage on the 2nd level.  A den/office could be used for a 3rd BR.
Unit Size
1,948 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$128
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1976

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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: 2 years ago (MLSPIN #71072588)

Price History

Date / Event Date Event Price
Mar 1, 2022 Sold
Premium
Sold
Dec 17, 2021 Listed $499,000
Listed
Dec 7, 2016 Sold
Premium
Sold
Jun 23, 2016 Listed $299,500
Listed
Nov 14, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1,192
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 57,369
  • Total Building Area: 2,633
  • Gross Building Area: 4,572
  • Building Area: 2,633
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,633
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001317
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Merrimack School District
  • School Tax School District: MERRIMACK
  • Census Tract: 014202

Zoning

  • Zoning: RESIDE

Geography

  • Assessors Map Reference: 5C
  • Parcel: MRMK M:0005C L:000295 S:000000
  • Lot: 295
  • Municipality: MERRIMACK
  • Latitude: 42.8742
  • Longitude: -71.5101

    Address

  • Full Address: 16 Forest Dr
  • Address - House Number: 16
  • Address - Street Name: Forest
  • Address - Suffix Type: Dr
  • State: NH
  • City Name: Merrimack
  • Carrier Code: R008
  • 4-Digit Zip Code: 3262
  • Zip Code: 03054

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $836,400

    Appraisal Valuation

  • Standard Deviation: 0.1377
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 83
  • Final Value: 577,120
  • High Value: 656,622
  • Low Value: 497,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $430,000
  • Assessed Land Value: $199,800
  • Assessed Improvements Value: $230,200

    Sales

  • Current Sale Contract Date: Feb 28, 2022
  • Current Sale Recording Date: Mar 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 220010579
  • Previous Sale Recording Date: Dec 07, 2016
  • Previous Sale Amount: $262,000
  • 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

Unit for rent at 4 Lynn Dr, Merrimack, 03054

$2,850 /mo

  • 2 Beds
  • 1 Bath
  • 1,732 ft²
4 Lynn Dr, Merrimack, 03054 Listing by Rusty Taylor

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 71072588

Frequently Asked Questions

When was property at 16 Forest Drive built and last sold?
The property at 16 Forest Drive was built in 1976 and last sold on Feb 28, 2022 for $487,533.
How much is this home worth?
The estimated value of the home located at 16 Forest Drive is $0.
What are some comparable homes to 16 Forest Drive?
There are currently no comparable homes to 16 Forest Drive.
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