House for sale by bank

Formula · 03-31-2010, 11:20 AM

I came across this add on one of the bank for sale properties. It is definitely waterfront.

NoRegrets · 03-31-2010, 11:29 AM

I believe that looks is the house on the small island in Paugus Bay. It is labeled as paradise or Little Island on teh chart. There was an auction last year but no one showed up. I believe they used Irwin Marina to be the meeting place and would have brought the potential bidders to the island from there.

Irish mist · 03-31-2010, 02:18 PM

Any one know the history of this place ? It's such a cool looking little island & house.

Lakesrider · 03-31-2010, 02:22 PM

I know there was a small run down place there for the longest time. then a few years ago someone built this and hardly used it. In the winter it got vandalized by someone that went out on the ice one night. haven't heard or seen anything about it since. Love to know how they handle water and sewage. That has to be well within the 50' of the lake rule for building.

BroadHopper · 03-31-2010, 02:31 PM

Couldn't find the MLS number.

Smitty1 · 03-31-2010, 02:40 PM

Here it is. Let me know if you are interested.

Smitty

http://www.nhlakerealestate.com/real...Laconia/790500

brk-lnt · 03-31-2010, 02:52 PM

If it really is a bank sale, it's not even worth trying for. I've been through a couple of those, and it just becomes a bidding war with cash buyers. If you're doing any kind of financing, forget it. I was trying to get a spot out in Silicon Valley for a while but just gave up and started looking at conventional sales instead.

AC2717 · 03-31-2010, 03:54 PM

That is the one on small Island on Paugue Bay

Heaven · 03-31-2010, 06:21 PM

It lists sewer as "unknown", not a very happy feeling. What that means is the sewage goes into a hole in the ground and gets discharged into the lake (pure speculation on my part). Could do that forever with no problems at all.

Irish mist · 03-31-2010, 09:04 PM

Quote:

Originally Posted by Heaven

It lists sewer as "unknown", not a very happy feeling. What that means is the sewage goes into a hole in the ground and gets discharged into the lake (pure speculation on my part). Could do that forever with no problems at all.

You have to wonder what's up with the water & sewer ? It is Laconia's water supply this island house sits in the middle of. There's got to be some kind of water & sewer treatment.

Heaven · 04-01-2010, 04:42 AM

Quote:

Originally Posted by Irish mist

You have to wonder what's up with the water & sewer ? It is Laconia's water supply this island house sits in the middle of. There's got to be some kind of water & sewer treatment.

It sounds like this house was renovated or rebuilt on top of an old camp, an old camp could have any type of sewage system including a cistern, which is a hole in the ground that empties into the lake. . . if the sewage system as "working" since time long past there may not have been any requirement to upgrade to new technology when the remodel/rebuild was done. I can't imagine a septic system here, but there is probably an alternative type of treatment that would work. Like a furnace-toilet, and/or a holding tank that gets pumped.
What does the Realtor have to say?

jmen24 · 04-01-2010, 07:21 AM

Quote:

Originally Posted by Heaven

It sounds like this house was renovated or rebuilt on top of an old camp, an old camp could have any type of sewage system including a cistern, which is a hole in the ground that empties into the lake. . . if the sewage system as "working" since time long past there may not have been any requirement to upgrade to new technology when the remodel/rebuild was done. I can't imagine a septic system here, but there is probably an alternative type of treatment that would work. Like a furnace-toilet, and/or a holding tank that gets pumped.
What does the Realtor have to say?

I would have to think that your two options at the end of the post are what exist at this property. Given the time frame when this home was built, it would not matter if they built over the old camp or around it, they would have to have upgraded the system at that time. Not very many towns, let alone a city will allow you to do what you want when it comes to sewer. A cistern or dry-well is no longer accepted as a sewer system, in most areas anyway.

My guess is a tank that requires pumping for black water. Grey water is probably held in a dry well to allow for leaching into the ground below, maybe not on the grey water but if they were not seperate you would be pumping that tank once a month (full time use) if it did not have a leaching system.

Incinerating toilets are usually listed, but maybe not to keep potentials interested.

Absolutely no protection from wind and sound, no privacy what-so-ever, not for me, would drive me crazy. Could be a nice full time rental though.

gf2020 · 04-01-2010, 02:40 PM

The property was actually foreclosed on in November 2008. I wonder what type of maintenance, if any, has been performed since.

The same owner also lost a property in Gunstock Acres to foreclosure in September 2008.

03-31-2010, 11:20 AM	#1
Formula Senior Member Join Date: Sep 2004 Posts: 183 Thanks: 12 Thanked 28 Times in 16 Posts	House for sale by bank I came across this add on one of the bank for sale properties. It is definitely waterfront. Attached Images

03-31-2010, 02:31 PM	#5
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,547 Thanks: 3,159 Thanked 1,094 Times in 788 Posts	Mls #? Couldn't find the MLS number. __________________ Someday may never be an actual day.

03-31-2010, 02:40 PM	#6
Smitty1 Senior Member Join Date: Jan 2006 Location: Moultonborough, NH Posts: 142 Thanks: 44 Thanked 14 Times in 5 Posts	Island Home Here it is. Let me know if you are interested. Smitty http://www.nhlakerealestate.com/real...Laconia/790500

03-31-2010, 02:52 PM	#7
brk-lnt Senior Member Join Date: Aug 2007 Location: South Down Shores Posts: 1,942 Thanks: 541 Thanked 570 Times in 335 Posts	If it really is a bank sale, it's not even worth trying for. I've been through a couple of those, and it just becomes a bidding war with cash buyers. If you're doing any kind of financing, forget it. I was trying to get a spot out in Silicon Valley for a while but just gave up and started looking at conventional sales instead. __________________ [insert witty phrase here]

03-31-2010, 03:54 PM	#8
AC2717 Senior Member Join Date: Apr 2007 Location: Maynard, MA & Paugus Bay Posts: 2,532 Thanks: 749 Thanked 346 Times in 259 Posts	That is the one on small Island on Paugue Bay __________________ Capt. of the "No Worries"

03-31-2010, 11:29 AM	#2
NoRegrets Senior Member Join Date: Jun 2007 Location: Hudson - NH Posts: 408 Thanks: 233 Thanked 212 Times in 88 Posts	I believe that looks is the house on the small island in Paugus Bay. It is labeled as paradise or Little Island on teh chart. There was an auction last year but no one showed up. I believe they used Irwin Marina to be the meeting place and would have brought the potential bidders to the island from there.

03-31-2010, 02:18 PM	#3
Irish mist Senior Member Join Date: Dec 2006 Posts: 682 Thanks: 124 Thanked 85 Times in 49 Posts	Any one know the history of this place ? It's such a cool looking little island & house.

03-31-2010, 02:22 PM	#4
Lakesrider Senior Member Join Date: Jun 2007 Posts: 2,129 Thanks: 380 Thanked 1,016 Times in 345 Posts	I know there was a small run down place there for the longest time. then a few years ago someone built this and hardly used it. In the winter it got vandalized by someone that went out on the ice one night. haven't heard or seen anything about it since. Love to know how they handle water and sewage. That has to be well within the 50' of the lake rule for building.

03-31-2010, 06:21 PM	#9
Heaven Senior Member Join Date: Jul 2006 Posts: 520 Thanks: 127 Thanked 95 Times in 67 Posts	It lists sewer as "unknown", not a very happy feeling. What that means is the sewage goes into a hole in the ground and gets discharged into the lake (pure speculation on my part). Could do that forever with no problems at all.

04-01-2010, 02:40 PM	#13
gf2020 Senior Member Join Date: Feb 2009 Location: North of Boston Posts: 203 Thanks: 11 Thanked 35 Times in 28 Posts	The property was actually foreclosed on in November 2008. I wonder what type of maintenance, if any, has been performed since. The same owner also lost a property in Gunstock Acres to foreclosure in September 2008.