Lakes Region of NH Waterfront Sales - March 2013

Lakes Region of NH Waterfront Sales - March 2013

There were five waterfront sales on Lake Winnipesaukee in March, 2013 at an average price of $869,200. Two of those sales did break the million dollar mark. Last March we had a banner month with fourteen sales at an average of $797,086! So things do seem to be a bit off so far this year on the big lake. For the 1st quarter of the year there were eleven sales at an average price of $917,364 compared to twenty six sales at an average of $807,469 for the first quarter of 2012. Let’s hope activity will pick up now that winter is behind us!



The least expensive sale on the big lake was at 34 Belknap Point Road in Gilford. This 1,365 square foot home was constructed in 2000 and has three bedrooms, one and a half baths, a large living room, plus an unfinished walk out basement for additional living space if desired. There is a great deck for outside entertaining and taking in the lake and Mt. Washington in the distance. The half acre level lot has 50’ of frontage, a sandy beach, dock, and waterside shed for the gear. This property was called the “Best Deal in Town” and was priced at $459,000 and sold for $438,500 after 339 days on the market. It had previously been on the market starting way back in 2004 when it was listed at $759,000. Prices have really come down since then! The current assessed value is $462,130.



The median price point home is located at 42 Rollins Road in Alton. This is a 3,810 square foot, open concept, contemporary home which was built in 1997. It has three bedrooms, two and a half baths, a beautiful kitchen with maple cabinetry, stainless appliances, and granite counter tops. The finished lower level walkout features a second kitchen, family room, and a bunk room. There is also another family room over the heated detached garage. The house sits on a private, well landscaped, half acre lot with 85’ of frontage in a protected cove. This property looks like a real winner to me and I think it must have to the new owners as well as it was only on the market for 27 days. It was listed at $915,000 and sold for $847,500. The current tax assessment stands at $738,600.



The largest sale of the month was a 4,881 square foot contemporary home at 134 Black Point Road in Alton. This incredible home has it all including a gourmet "Zarse" kitchen. I had no idea what that was so I Googled it and learned that it is the custom, high end kitchens done by a cabinet maker of the same name in Wolfeboro! They make some very nice stuff! Beyond a stunning kitchen, this home has three bedrooms including a first floor master suite, five baths, a living room with cathedral ceilings, gas fireplace, and a wall of glass looking toward the lake. The lower level walkout has a beautiful family room and a second custom kitchen. Other features include hardwood and tile floors, custom built-ins, sun room, large deck with a hot tub, pantry, two laundry rooms, two sitting rooms, an elevator, and geo-thermal heat. There are attached and detached two car garages. This stunning home sits on a 1.3 acre lot with 90' of frontage and a 33' x 18' boathouse. This is a great home and I can imagine how happy the new owners must be. This property was on the market at $1.55 million and sold for $1.425 million with an assessed value of $1,303,300. Nice deal!



The only property that sold on Winnisquam last month was at 334 Black Brook Road in Sanbornton. This property consists of a four room, two bedroom, 864 square foot year round cottage on a .48 acre lot with 64’ of frontage. The cottage has a knotty pine interior, fireplace, a galley kitchen, and that so called rustic charm. Rustic charm either means the place is kind of cute in a redneck sort of way or that it needs a fair amount of updating. Not sure which one this property is but the most important thing is that the cottage is just steps away from a nice sandy beach and dock. The location, view, and the frontage is what this property is all about. This property was listed at $419,000 and sold for $398,500 in just eleven days. Its tax assessed value is $367,700.



There was also one sale on Squam at 18 Leavitt Road in Holderness. This is a 1947 vintage, one bedroom, one bath seasonal cottage on a .18 acre lot with 76' of sandy frontage and a dock. It sits just fifteen feet from the water! How cool is that! Originally, this cottage was listed at $399,000, then reduced to $379,000, and sold for $320,000. It took 620 days to find a buyer but with an assessment value at $375,800. I think the new owners are going to have a great summer on Golden Pond!