This is an existing 10 unit property that is currently used for student housing, given its location close to the University. These are large units and are the only ones in the heart of Madbury. These 2, 3 and 4 bedroom units are well positioned with separate entrances, adjacent to a community park, and on the bus route for Coast. The existing unit income, provides cash flow while potentially adding a new building for which approvals are in place. With plenty of parking on site and easy walking distance to miles of trails, the elementary school and associated community ball fields, this property has a lot of benefits. Only a 5 minute drive the University of New Hampshire Campus, and to Dover, and 15 minutes to the Portsmouth Circle, this is ideally located in the Seacoast for student or conventional non-student housing. This invesment opportunity comes with approvals to be constructed as a single building with 10 units; consisting of 4, 3, and 2 bedroom units to be built.
Property Details
Property Features
Property Information:
Year Built: 1880
Living Area: 9,551 SqFt
Listing Office:
Office Name: KW Coastal and Lakes & Mountains Realty
Office Phone: (603) 610-8500
Listing Agent: David Garvey
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 36.43 Acres
Utilities
Utilities Information:
Heating: Hot Water
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $2,500,000
Price Per SqFt: $262/SqFt
Tax Information:
Annual Amount: $24,503
Tax Year: 2020
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MLS Details
MLS Information:
MLS Number: #4946238
Listing Office:
Office Name: KW Coastal and Lakes & Mountains Realty
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 12:15:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 06, 2012
Feb 06, 2012Home Sold
$6,775,000
Mar 30, 2007
Mar 30, 2007Home Sold
$20,154,068
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$24,503
$970,419
2019
$24,428
$818,085
2017
$23,544
$818,910
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Moharimet School
11 Lee Rd
Distance between this listing and this school0.66 miles
Public District Grades KG-4
8
/10
Mast Way School
23 Mast Rd
Distance between this listing and this school3.66 miles
Public District Grades KG-4
7
/10
Barrington Elementary School
570 Calef Hwy
Distance between this listing and this school3.99 miles
Public District Grades 1-4
Nearby Schools
7
/10
Oyster River Middle School
1 Coe Dr
Distance between this listing and this school2.18 miles
Public District Grades 5-8
6
/10
Barrington Middle School
51 Haley Dr
Distance between this listing and this school3.69 miles
Public District Grades 5-8
5
/10
Dover Middle School
16 Daley Dr
Distance between this listing and this school3.71 miles
Public District Grades 5-8
Nearby Schools
9
/10
Oyster River High School
55 Coe Dr
Distance between this listing and this school2.32 miles
Public District Grades 9-12
3
/10
Dover Senior High School
25 Alumni Dr
Distance between this listing and this school3.59 miles
Public District Grades 9-12
2
/10
Cocheco Arts and Technology Charter Academy
40 Hampshire Cir
Distance between this listing and this school4.13 miles
The neighbors living near this home have an average income of $89,216. Typical income of Strafford County, NH residents is between $35k-100k annually. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 10 Lee Rd
What is the listing price of this property?
The listing price of 10 Lee Rd property is $2,500,000.
What type of property is this?
The property 10 Lee Rd is land located in Madbury, New Hampshire, 03823.
Is this property for sale now?
Active Listing: 10 Lee Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $24,503 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 6, 2012 for $6,775,000. (source: MLS/tax record).
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This home is located at 10 Lee Rd in Madbury, NH and zip code 03823 in the Seacoast neighborhood. This 9,551 square foot home, which was built in 1880, sits on a 36.43 acre lot. It has been listed on Rocket Homes since March 22, 2023 and is currently priced at $2,500,000.
The inventory of homes for sale in Strafford County, NH between March 2024 and April 2024 increased by 142.2%. The median list price of listings available in April 2024 was $499,900, while the average time on the real estate market was 37 days.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 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. 
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