Highly sought-after waterfront quadplex on a large 1.62-acre lot in East Rochester, with the potential to subdivide a separate waterfront multifamily parcel. On the market for the first time in over 45 years, showcasing decades of prideful ownership. Small apartments no more, as the buildings massive 4500+ square feet of living space, gives units ideal layouts with spacious living/dining rooms, large kitchens, and multiple bedrooms for maximum income. Large units and separate utilities allows for low expenses and a potential cap rate over 9.6%. Owners and tenants savor the privledge of having direct access to the Salmon River and providing the perfect setting to canoe and fish from the doorsteps of their home. Tour through the units and experience its character and charm. The largest unit features stunning hardwood floors, chamber ceilings and beautiful crown molding. Explore the enhanced features in other units, such as updated luxury vinyl flooring, detailed wood trim, a modern kitchen backsplash, an open kitchen layout, and stylish brick backsplash. There is additional attic space which can be utilized as storage or expansion for additional living space. Thats not all, tenants enjoy an open backyard, 2 car garage, plenty of parking, and convenience of location. 1.5 miles to downtown Rochester, 3 miles to route 16, 20 miles to Portsmouth. Zoning density may allow for additional units to be built outback with a special exception.
Property Details
Property Features
Property Information:
Year Built: 1882
Living Area: 4,528 SqFt
Listing Office:
Office Name: RE/MAX Shoreline
Office Phone: (603) 431-1111
Listing Agent: Andy Yau
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Garage Space: 2 spaces
Parking: Attached
Lot Features
Lot Information:
Lot Size: 1.62 Acres
Utilities
Utilities Information:
Heating: Steam
Cooling: Other
Price Information
Listing Price Info
Price Summary:
List Price: $899,900
Price Per SqFt: $199/SqFt
Tax Information:
Annual Amount: $9,022
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rochester, NH.
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: 4/27/2024, 11:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$9,022
$366,600
2019
$8,317
$334,000
2018
$4,937
$179,400
2017
$4,724
$179,400
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,559
Per Month
Principal & Interest
$4,492
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,764
Powered By
Advertisement
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
3
/10
East Rochester School
773 Portland St
Distance between this listing and this school0.62 miles
Public District Grades PK-5
2
/10
Chamberlain Street School
65 Chamberlain St
Distance between this listing and this school2.28 miles
Public District Grades KG-5
3
/10
School Street School
13 School St
Distance between this listing and this school2.45 miles
Public District Grades KG-4
Nearby Schools
2
/10
Rochester Middle School
47 Brock St
Distance between this listing and this school3.67 miles
Public District Grades 6-8
3
/10
Nute Junior High School
22 Elm St
Distance between this listing and this school5.71 miles
Public District Grades 6-8
5
/10
Somersworth Middle School
7 Memorial Dr
Distance between this listing and this school6.39 miles
Public District Grades 6-8
Nearby Schools
1
/10
Bud Carlson Academy
Rochester School Department
Distance between this listing and this school1.22 miles
Public District Grades 9-12
4
/10
Spaulding High School
130 Wakefield St
Distance between this listing and this school2.53 miles
Public District Grades 9-12
2
/10
Nute High School
22 Elm St
Distance between this listing and this school5.71 miles
The neighbors living near this home have an average income of $55,427. The most common annual income of people living in Rochester, NH is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 32 Mill St
What is the listing price of this property?
The listing price of 32 Mill St property is $899,900.
What type of property is this?
The property 32 Mill St is land located in Rochester, New Hampshire, 03867.
Is this property for sale now?
Active Listing: 32 Mill St 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 $9,022 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 32 Mill St in Rochester, NH and zip code 03867. This 4,528 square foot home, which was built in 1882, sits on a 1.62 acre lot. It has been listed on Rocket Homes since October 17, 2023 and is currently priced at $899,900.
While more than 18 listings in Rochester, NH in March 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below. The number of homes for sale in Rochester, NH decreased by 6.5% between February 2024 and March 2024.
From Rocket Homes Real Estate and based on county public records data.