Merrimack
488 Borough Road
Listed by: Michael Gagne, HomeSmart First Choice Realty, Selling Office: Coldwell Banker Realty Gilford NH, Listing Courtesy of Prime MLS
$203,000
●
Mobile Manufactured -
Off Market
488 Borough Road
Hill, NH 03243
2 Beds
2 Baths,
1
Half Bath
924 Ft²
$219,503
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
BACK ON MARKET!! At just $208,000, this home is extremely
affordable in today's market. This well maintained manufactured
home sits on 3.01 +/- acres of land. The home sets back nicely off
the road and features an RV Site with its own well, electric and
septic. The home sits on a concrete slab with tiedowns recently
installed. Step inside and discover an oversized kitchen with a
laundry room that opens into the living room with two bedrooms and
two bathrooms. There is a shed onsite for additional storage and
the covered entrance provides protection from the elements. This
location also provides access to the desirable Newfound Regional
Middle and High School. Only 15 minutes to Beautiful Newfound Lake
or I 93. Schedule a viewing today, You won't be disappointed!
Unit Size
924 Ft²
Days on Market
-
Land Size
3.01 acres
Price per sqft
$225
Property Type
Mobile Manufactured
Property Taxes
$155
HOA Dues
-
Year Built
2000
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 #4908175)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by HomeSmart First Choice Realty | $208,000 | |
| Listed by HomeSmart First Choice Realty | |||
| Jul 24, 2020 | No longer available | - | |
| No longer available | |||
| Jun 19, 2020 | Listed | $134,900 | |
| Listed | |||
| | |||
|
At just $134,900, this home is extremely affordable in today's market. This well maintained manufactured home sits on 3.01 +/- acres of land. The home sets back nicely off the road and features an RV Site with its own well, electric and septic. Step inside and discover an oversized kitchen with a laundry room that opens into the living room with two bedrooms and two bathrooms. There is a shed onsite for additional storage and the covered entrance provides protection from the elements. This location also provides access to the desirable Newfound Regional Middle and High School. Schedule your viewing today. You won't be disappointed! The manager has listed the unit size as 924 square feet.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Merrimack
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Listed by: Michael Gagne, HomeSmart First Choice Realty
Last Updated Date: 2022-11-09
Last Checked: 8 hours ago
Data Source: Prime MLS, MLS# 4908175
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.
Last Updated Date: 2022-11-09
Last Checked: 8 hours ago
Data Source: Prime MLS, MLS# 4908175
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