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More Lakes Region Home Deals?

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Posted 09-02-2011 at 01:01 PM by Roy Sanborn

It seems like $199,900 used to be the most popular price if you really wanted to sell your home. That number always worked! Finding a house just under that $200,000 mark always seemed like such a bargain, right? I spent a little time on the computer during Hurricane Irene and found that there were 19 homes listed in our area towns at $149,900. There were 15 were listed at $199,900. Maybe $149,900 is the new $199,900? The most popular price, however, was $239,900 with 32 homes listed there. That number has a nice ring to it, too don't you think? Those were probably the $299,000 homes last year!

There are a few more potential good deals that have come on the market in the Lakes Region recently. There’s a New Englander at 67 McGrath Street in Laconia that has three bedrooms, one and a half baths, nice woodwork, built-ins, hardwood floors, a one car garage, and a great front porch. The house sits on a .13 acre lot in a neighborhood close to Opechee Park. The home may need some work, but it has got good bones. Priced at only $89,000, there would appear to be plenty of upside potential. The city currently has this property assessed for $138,100, so someone is going to get a great value here.

Another potential deal at 50% of its assessed value is at 75 Morgan Road in Belmont. This home, built in 2003, is a three bedroom, two bath, raised ranch with 1,427 square feet of living space. It has a large sunny living room, nice kitchen with plenty of cabinetry, a master suite, a full unfinished basement that could provide extra living space, a water view, and beach rights to Sargent Lake. This appears to be a short sale and is priced at only $99,995 with hopes of something higher. If you are willing to get on the train for the short sale ride, this could be a good deal and a great starter home for you.

Another three bedroom, two bath ranch with 1,654 square feet of space recently came on at 279 Horne Road in Belmont. This modular home was built in 2007 and features an open floor plan, a living room with a wood burning fireplace, master suite, laminate flooring, two car garage, a partially finished sun room, and sits on a level 1.4 acre landscaped lot. This is also a short sale and is priced at $189,000 or 74% of the taxed assessed value of $255,100.

Back in Laconia at 21 Prospect Street, there is a 2,442 square foot Federal Colonial built in 1880. It has four bedrooms, two full baths, a huge living room with wood fireplace, an updated kitchen, formal dining room, tin ceilings, hard and soft wood flooring, screened porch, and an attached garage with workshop on a private 1.6 acre lot. This home is bank owned and is offered at $149,900 or just 64% of the city’s current assessed value of $$232,100.

Also in Laconia, at 105 Fenton Ave, is a rather unusual Winnisquam waterfront property that just came on the market. This circa 1850 property has a three bedroom main home plus a duplex with three bedrooms on each side. There are detached one and two car garages for all the toys. The .62 acre level lot has 160’ of frontage, a sandy beach, and expansive views. It looks like there will be some updating required, but this could be the perfect situation for a large extended family that wants to be on the water. This property is listed at $599,000 and is well below the current assessment of $733,800. Is this a great deal? Who knows, you have to go take a look and decide for yourself...

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