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165 Portsmouth Avenue, Stratham, NH, 03885 | $1,250,000
This stunning property offers a unique blend of residential comfort and high-visibility commercial potential on Portsmouth Avenue in Stratham. The main house is a spacious 4-bedroom, 3. 5-bathroom colonial with impressive architectural details, including a grand two-story open railed walkway accessing all bedrooms. The lower level boasts ample parking (for two vehicles in tandem, designed for an RV) with a 12' ceiling, a large finished "man cave, " full bath, office, utility room, and storage, all with walk-out access. The first floor features an open kitchen/family room layout, formal dining room, parlor, laundry room, and half bath. A substantial 30' x 30' two-car garage with a built-in second floor was added in 2002. In addition to the main house, a detached 1098 sq ft building, previously used as a salon and antique shop, currently operates as a residential rental. This versatile structure, situated closer to the high-traffic road, offers significant commercial possibilities, or it can continue to generate rental income. It features separate utilities and ample paved parking for 5-7 cars. There are 2 rooms with closets currently used as bedrooms, living room, kitchenette, laundry room and an area that was used as a reception area. Many commercial uses are permitted within the Route 33 Legacy Highway Heritage District zoning. This property presents a rare opportunity to live and work in a prime location, combining residential luxury with substantial commercial potential.
Features
- Rooms: 10
- Bedrooms: 4
- Baths: 3 full / 1 half
- Style: Colonial
- Year Built: 1996
- Garage: 4-car Garage
- Heating: Oil,Baseboard,Hot Water,Multi Zone
- Cooling: Central AC,Multi Zone
- Basement: Climate Controlled,Concrete,Concrete Floor,Daylight,Exterior Access,Finished,Full,Insulated,Interior Access,Stairs - Basement,Stairs - Interior,Walkout
- Approx Sq. Feet: 4,263
- Acreage: 5.26
- Est. Taxes: $14,361
- Lot Desc: Country Setting,Landscaped,Sloping,Walking Trails,Wooded,Near Shopping,Near School(s)
- Elem. School: Stratham Memorial School
- Middle School: Cooperative Middle School
- High School: Exeter High School
- School District: Stratham
- MLS#: 5024607
- Website: https://www.raveis.com
/eprop/5024607/165portsmouthavenue_stratham_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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. Data last updated 12/18/2024Listing courtesy of Duston Leddy Real Estate Phone: 603-610-8285
Listing Agent: Linda Thibodeau
William Raveis Family of Services
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Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
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Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
165 Portsmouth Avenue, Stratham, NH, 03885
$1,250,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
| Monthly Tax Payment | $1,197 | $1,197 | $1,197 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,757 | $6,239 | $8,371 |
| Total Monthly Payment | $7,079 | $7,561 | $9,693 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB