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The Winni Waterfront Report July 2016

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Posted 08-10-2016 at 11:18 AM by Roy Sanborn

The Winni Waterfront Report July 2016

July was a great month on Winnipesaukee with twenty waterfront homes changing hands at an average price point of $892,012. There were seven sales over the million dollar mark but no sales over $2 million. That brings the total number of sales on the lake this year to 91 at an average price of $983,335 and total sales volume of $89.5 million.

The entry level sale was at 368 Rattlesnake Island in Alton. This 1970’s vintage two bedroom camp has been updated with pine paneling, a new living area and a new three bedroom septic system. That’s a pretty big deal. A large 12’ x 36’ deck provides the requisite entertaining and sunbathing space. The .79 acre lot is level with 100’ of frontage and a dock and is located on the South side of the island so it is out of the prevailing winds. As an added bonus there is a 26’ x 40’ out building that was used to construct a boat in. This property was listed for $348,500 and was only on the market two days before being put under agreement at $335,000. This property is currently assessed at $294,600.

The median price point sale of the month award goes to the property at 21 Silver Cascade Way also in Alton. That kind of sounds like a dish washing detergent tagline,doesn’t it. This property actually consisted of a charming two bay boathouse with living space above and a two car detached garage. The living space included a kitchen, bath, and large living room on the main level and two bedroom and a bath upstairs. Pretty cool, I think! The 2.5 acre lot has room for constructing a house and has 475’ of frontage. This property was originally brought on the market in November of 2013 at $1,495,000 but was re-listed in April of 2916 at $850,000. It went under agreement in just two days for $815,000. I suspect there was a buyer in waiting or someone recognized a super deal! This property is assessed at $728,100.

The Michael Phelps Highest Price Gold Medal goes to the property at 73 Spindle Point in Meredith. This property was really all about the land and frontage although there was a cute 1,801 square foot, three bedroom house built in 1951 with a field stone fireplace and a bunkhouse out on the point. But it is the amazing 1.87 acre waterfront lot with 407’ of shorefront with gorgeous southwest exposure and expansive views that drove the sale. There is an additional 1.32 acre back lot that was also included. This property was originally listed at $1.65 million and sold for $1.6 million after 310 days on the market. The current tax assessment stands at $943,300. I would expect to see a few new houses out there in the coming year or so…

The only sale on Lake Winnisquam in July was at 43 Dutile Shore Road in Belmont. This 1958 vintage, four bedroom, two bath home has 2,664 square feet of updated living space and a detached two car garage. It sits on a .39 acre lot with 153’ of frontage. This property was listed a $549,000 and sold for $543,000 after 79 days on the market. It is currently assessed at $487,600.

Data compiled using the NNEREN MLS system

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