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02-10-2024, 08:39 AM | #1 |
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Another big parcel for sale
Camp Menotomy on Meredith Neck just hit the market. 95 acres and over 4500 feet of frontage. It will be a shame to see this developed.
Hopefully it won’t end up similar to what is being proposed in West Alton up on the hill. |
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02-10-2024, 08:47 AM | #2 |
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Do you have a link for the listing? I can't seem to find easily.
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02-10-2024, 09:04 AM | #3 | |
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02-10-2024, 10:06 AM | #4 |
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...... Menotomy State Park
95 acres, 4500' frontage on Lake Winnipesaukee way down Meredith Neck opposite Bear Island, price; twenty million dollars: Could be a nice spot for the State of New Hampshire to buy it and create a Menotomy State Park with a swimming beach and paddle boat area, camp ground for tents and walking trails.
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02-10-2024, 10:34 AM | #5 |
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It will get gobbled up, and McMansions with rolling green lawns will appear, and the folks on Bear Island will look out on another eyesore. Money always wins.
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02-10-2024, 10:45 AM | #6 |
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Very sad--it brought joy to hundreds (thousands?) of kids every year
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02-10-2024, 12:20 PM | #7 |
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So, 200 new million dollar homes will give a big boost to the Meredith tax base. It will be fun to watch the spenders fight for that money while others will want to cut the tax rate.
This would be a nice parcel for the Meredith Conservation Commission to own. |
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02-10-2024, 02:24 PM | #8 | |
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And along with this goes more stress on a fragile infrastructure that can't handle the current mid-summer stress.
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02-10-2024, 03:15 PM | #9 |
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Since it is assessed for $10.4M, any sale at or near the listed value will most likely drive Meredith assessments crazy for waterfront parcels.
Last edited by tummyman; 02-10-2024 at 03:15 PM. Reason: Typo |
02-10-2024, 03:26 PM | #10 |
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The valuation is:
$20,000,000/4515 feet frontage = $4430/frontage foot or $20,000,000/95.38 acres = $209,687/acre Both of which seem fairly reasonable given other sales in the area and probably which will drive also drive a quick sale. From the towns perspective - I'm betting they are happy to get this parcel back on the tax rolls in any form or fashion - can anyone calculate the property tax on just the land forget improvements for now. Last edited by granitebox; 02-10-2024 at 03:31 PM. Reason: better data |
02-10-2024, 04:08 PM | #12 |
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About $103,000 at the assessed value of $10.4
But Tummyman is right. A sale at double the assessment is going to change everything... really just a matter of timing. |
02-10-2024, 04:36 PM | #13 |
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I expect most of the land is in "current use" so upon taking parcels out of current use, the town will get a substantial bonus in "land use change tax". Of course a developer could phase that, but the spenders will be developing plans for a new senior center with indoor/outdoor pools, twice the size of the Hub in Moultonborough.
Saving some waterfront for community use, you could still build, say, 40 waterfront homes. That assesses out for $100MM, plus whatever for another 160 homes in the woods at $500K each, is another $80MM in tax base. Does Meredith have shorefrontage vs inland development zoning restrictions similar to Gilford where you need 150' of shorefront per residence? How many feet/far back does that go? |
02-10-2024, 08:35 PM | #14 |
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Well, its pending... so we should see some details emerge soon enough.
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02-10-2024, 09:29 PM | #15 |
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One Day?
The price to me seems low and now it's listed as pending after ONE DAY?
No waiting for other offers? No seeing if what can only be described as a unique and rare parcel would fetch more? It seems to me that the buyer was already selected long ago and the price agreed upon as well. Time will tell. |
02-10-2024, 10:06 PM | #16 |
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Listed for about 17 hours.
The landowner was approached. |
02-10-2024, 10:38 PM | #17 |
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Approached
Interesting - so what's the reason/philosophy for officially listing the property on the MLS? Could have just been a private sale, no?
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02-11-2024, 07:59 AM | #18 |
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According to the listing agent proposals were already being evaluated by the trustees prior to listing on mls.
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02-11-2024, 02:01 PM | #20 |
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The economy is too hot.
Which is why the younger adults are leaving businesses like ours, and us older employees are looking at retiring. I keep tossing it around in my head to leave later this spring. I have more than I will spend in my lifetime; but I was raised to always work by my grandparents. |
02-11-2024, 02:25 PM | #21 |
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02-11-2024, 03:46 PM | #22 |
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have more?
From John Mercier; "I have more than I will spend in my lifetime."
I have some ideas ---I could help you spend. |
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02-11-2024, 09:09 PM | #23 |
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I just question putting myself through angst for something to keep me busy and productive.
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02-11-2024, 11:18 PM | #24 |
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I was hoping LRCT would be able and negotiate something, but too late apparently...
Is it ice-in or ice-out, this in-between thing makes getting to/fro the island a problem!! -PIG |
02-12-2024, 08:34 AM | #25 |
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....... Camp Menotomy ..... then and now?
From August 2, 2013 ..... https://www.wickedlocal.com/story/he...p/40328558007/ ...... a local newspaper report on the Girl Scouts of Eastern Massachusetts which owns Camp Menotomy, Meredith NH when it decided to sell 12-acre Camp Paradise site in Beverly, Massachusetts.
The summer of 2000 or so was the last year when Camp Menotomy was a summer camp with an eight week long session. Apparently there was no smoking allowed by their camp counselors, and I recall driving past the entrance and occasionally there would be 20-yr old women sitting on the old stone wall, across the Meredith Neck Rd from the entrance, puffing on a cigarette who I assumed were camp counselors.
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02-12-2024, 08:59 PM | #26 | |
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We have officially had Ice-In. Emerson declared that a little while ago. Ice-Out is up to the various ports melting. Which is easier to see since the ports don't require a fly over. |
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02-12-2024, 09:14 PM | #27 | |
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For what it’s worth the broads are open again. Certainly not ice out, but not an ice-in situation now either. |
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02-12-2024, 11:12 PM | #28 |
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It will close again.
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02-12-2024, 11:18 PM | #29 | |
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How things change (or don't)
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02-14-2024, 11:10 AM | #30 |
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Looks like it might already have an offer. Status on Zillow says "pending..."
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02-14-2024, 11:21 AM | #31 |
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02-14-2024, 12:38 PM | #32 | |
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This frosts my cookies: I recall seeing a house I liked get listed with a sign pounded in the yard. Within and hour of being listed I called the realtor and was informed it was sold. Huh? I offered to pay more than the asking price and was ignored. Sweetheart deals...bah.
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02-14-2024, 07:39 PM | #33 | |
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02-14-2024, 08:36 PM | #34 |
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It isn't just lakefront.
And double - or near double - the recent assessments seems to be the norm. The peak birthrate was in 1959, so a lot of people are reaching the magic Medicare age when they can retire away from the big cities that they focused their careers around. |
02-14-2024, 08:54 PM | #35 |
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Not this situation BUT
I recall in the housing crash that we were actually looking for a little larger home. We saw an open house sign pop up out of nowhere a few blocks over from where we were and immediately went over to the event.
Long story short > the realtor pretty much told us that this was a foreclosure and the open house was just for show to prove to the bank that they were trying to get the best price/recovery $$ for the bank. aka - the home was already earmarked for someone > our guess was someone the realtor knew. Saw it immediately go to pending and whoever got it - did so at a steal. Certainly not what's going on here but your stories reminded me of an experience I had with some "funny business" years ago. |
02-14-2024, 09:55 PM | #36 |
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In that case the realtor would have violated fiduciary responsibility, and if caught... could have gone to prison for theft by fraud against the bank.
In this case - though I am hearing it third party - the trustees were approached with an offer just over assessment; but did their fiduciary responsibility by placing it on the market. The party that originally posted upped their bid, and supposedly some other bids were tended. Which is prudent to have back up in a world were financing is not always assured. |
02-15-2024, 07:15 AM | #37 | |
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Sometimes that involves giving their buyer inside information about what the seller will accept or telling a buyer what the other offers are that the buyer will need to beat. |
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02-15-2024, 08:49 AM | #38 | |
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02-15-2024, 09:13 AM | #39 |
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Not unusual for it to be "gone" already.
My family sold our lake house 2 years ago. We did have an open house, and winning bidder paid 20K over the highest bid!
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02-15-2024, 11:49 AM | #40 | |
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As for letting buyers know what price they would need to beat... not really an issue as the current owner wants the higher price. Which is also in the interest of the realtor(s) being paid by the seller on both sides. |
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02-16-2024, 07:59 AM | #41 | |
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I sold a property and was ready to accept an over asking price offer from a couple brought by a realtor. The same day the listing realtor brought a new buyer and "coincidentally" they matched the first offer with a no contingency all cash offer. |
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02-16-2024, 08:30 AM | #42 |
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I have been told by realtors that they can't tell me what somebody else offered.
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02-16-2024, 08:48 AM | #43 | |
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Higher offers are always in all their best interests. One realtor beating out another is not a problem... as the buyer is whom they have the fiduciary responsibility to. |
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02-16-2024, 10:49 AM | #44 | |
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Pertaining to fiduciary duties, each agent has a responsibility to their principal (client). The listing agent has a fiduciary responsibility to the seller, and the buyers agent has a fiduciary responsibility to the buyer. Disclosed dual agency throws a curveball to this, and is not a favorable position for an agent to be in. Many won't do it. Also, keep in mind the word Realtor is a designation of membership to NAR (National Association of Realtors). One can be an "agent" but not a "realtor". These links gives a great breakdown of fiduciary responsibilities and how they work in real life. https://www.nar.realtor/sites/defaul...uty-032213.pdf https://www.carealtytraining.com/blo...l-estate-agent |
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02-16-2024, 11:17 AM | #45 |
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If the agent is being paid by the buyer and released information in opposition to their client... that would again fall under theft by fraud.
We generally do not see this happen. |
02-17-2024, 09:41 AM | #46 |
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...... seven private homes and a walking trail?
"New Chapter Unfolds: Former Girl Scout Camp Transforms into Luxury Waterfront Homes" ...... http://www.bnnbreaking.com/world/us/...terfront-homes
Selling price was eighteen million dollars for 95-acres according to this report. Something like 25% or so of the Camp Menotomy land is probably considered to be wet lands that gets flooded with the rise and fall of nearby Lake Winnipesaukee or a heavy rain. There's a large swampy area close to the Meredith Neck Rd that is usually flooded except during dry weather spells. It is home to birds, deer, fox and black bear. Local people like to use the Meredith Neck Rd for daily walking exercise so it would be especially nice if a new Camp Menotomy walking trail is available to them for walking around this 95-acre tract of tall pines, wet lands, Lake Winnipesaukee and seven new luxury homes. It's been gated and posted 'no trespassing' for about twelve years, now.
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02-17-2024, 10:01 AM | #47 |
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The sale has hit the news...
So now you know the price and buyer. |
02-17-2024, 10:49 AM | #48 |
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02-17-2024, 10:59 AM | #49 |
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02-17-2024, 11:14 AM | #50 |
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Feb 17th Union Leader
The article is in the Union Leader Saturday edition, February 17, on page A3.
Dave
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02-17-2024, 12:15 PM | #51 |
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That's a lot of land for only 7 homes!
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02-17-2024, 12:21 PM | #52 | |
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https://bnnbreaking.com/world/us/new...terfront-homes The Registered Agent on file for this company is Jeremy R Martin and is located at 21 Aviation Drive, Gilford, NH 03249. The company's principal address is Po Box 5457, Laconia, NH 03247 |
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02-17-2024, 12:32 PM | #53 |
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Wouldn't it be wonderful if instead of using a large tract to site McMansions, a developer envisioned and opened it up for "the little guy" like was done when Lake Shore Park was created?
Too bad "the little guy" is priced out of Winnipesaukee.
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02-17-2024, 12:56 PM | #54 | |
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It went quick, must be a cash deal. I don’t k ow this Martin guy, but wonder if the Grimm clan is somehow involved as well. They live not far from there on Veazy Shore. |
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02-17-2024, 01:41 PM | #55 |
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Lakes Region Design is a client.
And the situation is touchy, not only based on the Alton project, but other notable land deals that are happening in the area. The lake and Gunstock are becoming predominate factors. Buyers are looking for four season recreational opportunities nearby... with quiet being a first order request. |
02-17-2024, 01:55 PM | #56 |
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We thought that too. With development, site work etc. what do they think they will sell those houses for? Almost 10 million each? Yikes. Although one sold recently in Wolfeboro for around 12 million.
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02-17-2024, 02:00 PM | #57 |
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I’d rather see 7 big ones than 20 small ones, at least as far as overall appearance of the shoreline. They should be well spaced, not crammed on top of each other.
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02-17-2024, 04:17 PM | #58 |
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Maybe one of the rich entertainers that play in Gilford will like the area so much they will make it their home.
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02-17-2024, 04:38 PM | #59 |
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Whispering Pines ?
"Whispering Pines" is a 275 lot trailer park in Derry NH. Who was the marketing genius who came up with that name for elite homes on Lake Winnipesaukee? They should have bought the name "Menotomy" too if they want to pay homage to history.
I hope the developers will consult with NHLAKES and participate in the "Lake Smart" program for shorefront and water quality protection. Gotta go...I hear my helicopter coming. |
02-17-2024, 05:27 PM | #60 |
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02-17-2024, 06:28 PM | #61 |
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here's the article
BUSINESS
Former Girl Scout camp on Lake Winnipesaukee's Meredith Neck sells for $18 million By John Koziol Union Leader Correspondent Feb 16, 2024 Updated 6 hrs ago The entrance to Camp Menotomy at 386 Meredith Neck Road, shown on Thursday. The former Girl Scout camp was listed for sale at $20 million on Feb. 9 and sold the next day for $18 million. John Koziol/Union Leader Correspondent MEREDITH — The former 95-acre Camp Menotomy Girl Scout Camp on Meredith Neck has been sold for $18 million to a developer who plans to build seven waterfront homes on the site. Most recently owned by the Camp Menotomy Trust, in care of the Boston-based Girl Scouts of Eastern Massachusetts, the property at 386 Meredith Neck Road went on the market on Feb. 9 for $20 million, according to Realtor.com, and was removed on Feb. 11. The listing agent was Susan Bradley. The property was purchased by Menotomy Development LLC for $18 million. The developer is Jeremy R. Martin, president of Lakes Region Design Group in Laconia. The project, to be called The Preserve at Whispering Pines, is in the early stages of planning, and no formal submissions have been made to the town of Meredith, according to a project spokesperson. Plans call for construction of seven private, single-family custom-built homes along approximately 5,000 feet of waterfront, Scott Tranchemontagne of the Montagne Powers public relations firm said in an email to the Union Leader. He noted that current regulations would have permitted “approximately 25 home lots” on the site. He said the homes will be set back from the shoreline by at least 125 feet and will be connected to Meredith Neck Road by a new private roadway built to town specifications. “Approximately 30 percent of the property” will be preserved, with new walking trails featuring markers detailing the history of the Girl Scout camp, and an existing loon sanctuary on the southern cove will be protected, he said. On its website, the Meredith Historical Society says that Camp Menotomy “was formerly Camp Wauganakit for boys until 1935” and was purchased in 1939 by Arlington Girl Scouts Inc. From 1963 to 1980, the camp was operated by the Mistick Side Girl Scout Council, and then by the Patriots’ Trail Girl Scout Council. The Historical Society said “Menotomy” is the old Native American name for the area now known as Arlington. It translates to “place of swift running water.” For the 2023 tax year, the town assessed the former camp’s value at $10.41 million. The property contains an office building 36 tent platforms; five cabins; an infirmary; a shower house; two bath houses; five open sheds with sinks; several outbuildings; and a dock. According to town records, some of the improvements were made as recently as 2006. The camp’s fate has been a topic of online discussion on the Winnipesaukee forum since Feb. 10. Several people on the forum expressed the hope that the property would be developed sensibly. Others pointed out that the consequence of such a significant sale “will most likely drive Meredith assessments crazy for waterfront parcels.” One person wrote that the Town will be happy “to get this parcel back on the tax rolls in any form or fashion….” The sale of Camp Menotomy is one of the largest property transfers in Meredith in recent memory, along the lines of Rusty McLear’s sale of Hampshire Hospitality Holdings to TPG Hotels & Resorts, of Rhode Island, in April 2019. Although McLear didn’t disclose the sales price for the Church Landing, Inn at Mill Falls, Bay Point at Mill Falls, Chase House and Mill Falls Marketplace, he told the Laconia Daily Sun that it was “well north” of the town’s $25 million cumulative assessment of those properties. LakesNews@unionleader.com Dave
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02-18-2024, 05:42 AM | #62 |
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And, just like that, a mile of Winni waterfront is lost to the many and gained by seven.
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02-18-2024, 08:05 AM | #63 | |
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Interesting thing will be to see how it affects other property values. Will some of the smaller lots around the lake be bought up for tear down to create larger lakefront estates? |
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02-18-2024, 09:36 AM | #64 |
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I appreciate the fact that this seems to be a very well planned development. The size of the lots are perfect for privacy.
Does anyone think that there could be a commercial aspect to the property? There is going to be a very nice walking trail through the old property with signs explaining different aspects of the camp. Although anyone buying one of these houses would enjoy the open space behind them, it seems to me like this would be for different guests each week or two. |
02-18-2024, 11:05 AM | #65 |
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To my knowledge... nothing of that nature has been provided either publicly or privately.
About a third will be conservation, that my understanding is will be open to certain types of public access. Other than that... the only public statement was seven waterfront homes. |
02-18-2024, 12:09 PM | #66 |
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Wonderful
Most everyone would rather not see more homes on the lake at this point but I agree that 7 homes for such a parcel may be the best possible outcome one could hope for. Of course the devil is in the details but it sounds like they are taking a measured approach respecting the area/original use... Will be interesting to see the plans for the homes themselves and a timeline.
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02-18-2024, 03:12 PM | #67 |
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It is possible that both projects would proceed at the same time.
But Alton is further along in the permitting. |
02-19-2024, 08:04 AM | #68 |
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So, maybe the new 18-million dollar owner of Camp Menotomy will want to donate the 25% of the 95-acres, all along the Meredith Neck Rd, that appears to be a swampy wet lands to the town conservation as a public service plus avoiding annual property tax on it?
Is that correct? ........
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02-19-2024, 09:43 AM | #69 |
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My neighbor sent me the following...
See attached deed granting Menotomy to the Arlington Girl Scouts. It says the trustees cannot sell it unless they go out of business (which they haven’t). If they did go out of business, then the next step was to try to find an entity of “like goals and ideals” to take it over (which they didn’t). Such an entity would likely have to be another girls camp (or maybe a boys camp could qualify). They would presumably be entitled to take it over for the same $1/yr rent that AGS was paying the trustees. Exhausting that search was the only way they were allowed to sell it. Problem is that only someone with standing could intervene to stop the sale, and that would only be the heirs of the grantors or any entity with those “like goals and ideals” who could contend that they were denied their right to take it over. My guess is that they paid the heirs (if there are any left) to quiet them, and they are hoping that none of the other area camps raise a stink
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02-19-2024, 10:10 AM | #70 |
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On January 24, 2024, "After 23 years of dedicated service, the Chief Executive Officer of Girl Scouts of Eastern Massachusetts has announced her retirement, effective June 2024."
http://www.gsema.org/en/news/gsema-c...etirement.html Gotta wonder if this has anything to do with this 18-million dollar sale of Camp Menotomy. You know what they say ...... follow the money ......?
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02-19-2024, 10:25 AM | #71 | |
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02-19-2024, 11:04 AM | #72 |
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Why did the camp shudder operations originally? All of the existing camps that I know of are full every season, and unless you start looking into booking in the fall for the following summer you usually cannot get in.
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02-19-2024, 11:37 AM | #73 |
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I would imagine with that much property, the cost to keep it up and run seasonally just wouldn't make sense, esp with help in such short supply now.
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02-19-2024, 12:08 PM | #74 | |
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Camp Cody, Bernadette and Fatima are always booked up. Menotomy has been closed for years. On a side note, according to Wikipedia, Camp Fatima, a catholic boys camp was founded by Richard Boner in 1949. Comical if actually true! I'd say someone is messing around. https://en.wikipedia.org/wiki/Camp_F...(New_Hampshire) |
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02-19-2024, 12:47 PM | #75 |
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From Camp Menotomy, way back in the time machine, going back to 1939, 1944, 1956 ...... https://www.lwhs.us/menotomy.htm .....when it looked like a happening summer camp.
I took a walk through the camp sometime about October 2012, before it got all posted 'no trespassing' as was a local practice back then and there were NO camper cabins, anywhere, and these non-existent cabins had no bunks and no bathrooms as they got replaced with tent platforms, or something(?). Apparently, about 15-20 elevated tent platforms were there which had replaced the old cabins and there was nothing there in the way of electricity, plumbing, or indoor bathrooms ...... just tent platforms in groups of five in four different shoreline, forested locations. No tennis courts, no indoor gym, no outdoor basketball court, no barn with horses, no coral, no pasture, no riding ring, no manicured and clipped green grass fields, no owners mansion cabin, no infirmary, no main lodge, no senior lodge, no junior lodge, no counselors shack, no cooks cabin, no library, no rainy day gymnastics cabin. There was one grass all-purpose athletic field. The one and only building which is there now is probably a dining room and kitchen with small living quarters, and two bathrooms as is shown in the Zillow listing. The waterfront had a permanent dock which is still in place in the lake but there were no small boats like row boats, Sunfish or canoes, no water ski boat. No waterfront small buildings like for paddle and pfd storage or waterfront staff support. It was mostly an untouched big pine trees and rocky shoreline Lake Winnipesaukee location that was very short on facilities and on campers, too, at least in 2012. Believe the last eight week Girl Scout full summer session was held in the year, 2000, 24-summers ago. Maybe someone who attended the Camp Whispering Pines one week or two week sessions held there in the last twenty years in July and August can make a reply here.
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02-19-2024, 12:53 PM | #76 | |
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02-20-2024, 08:55 AM | #77 |
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.... about that name, Camp Menotomy
Probably, naming this 95-acre, Lake Winnipesaukee summer Girl Scout camp with its name, Camp Menotomy, back on July 2 1935 was maybe not the best choice for a name.
Its name, Camp Menotomy, sounds way too much like Camp Monotony, don't you think? Running a successful eight week summer camp, now just seven weeks, is a very tough task and needs a very strong director/owner who is all fired up, all year 'round, to make it a happening and happy camp. If the camp had a better name, something like Camp Marvelous coupled with a strong director/owner who lived and breathed the operation of the camp, all year around, it would still be a going camp, today!
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02-25-2024, 10:33 AM | #78 | |
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02-25-2024, 11:44 AM | #79 | |
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When Wawbeek was sold, a group of doctors and lawyers bought the property, razed a bunch of the buildings, put up McMansions with lawns, and immediately made it known that that section of the trail was closed. Nice neighbors. I'm sure there are hundreds of similar stories, and most probably involve big-money McMansions.
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02-25-2024, 01:30 PM | #80 |
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Respectfully, no one has a “right of way”’on another person’s property unless it is noted in a deed. If I paid millions for my McMansion, then It’s MY McMansion to do with as I please, barring any illegalities. Sure, anything can be litigated in this day and age…
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02-25-2024, 02:26 PM | #81 |
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Because NH wants to keep land unposted, it has to be exclusive.
Which would only give the one person the ''right'' to continue to do so. The access to the land and amount to be entered into conversation will depend on the planning boards and owner's agreement. But the continuing prominence of people to keep suggesting that possession is a good reason to post property rather than wait to see if the courts would go the other way. It would also mean the title was not clear... so the title companies in NH would need to take a lot more caution. |
02-26-2024, 08:48 AM | #82 | |
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02-26-2024, 10:16 AM | #83 |
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I think that part of the discussion was using Adverse Possession to gain a ''right''.
The judicial requirements of such in NH are pretty simple... But it does create havoc as the courts are not static on any issue if present with a new argument during trial. |
02-26-2024, 11:18 AM | #84 | |
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02-26-2024, 02:53 PM | #85 |
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I ran into this last year during the infamous peeing kayaker saga. It drives me nuts that people just think they have free reign unless a property is posted.
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02-26-2024, 04:28 PM | #86 | |
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Thank you, landowners
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we should all be grateful to the landowners who let us use their land for hiking. fishing, hunting, snowmobiling, etc. If you live in a small town with lots of private land in current use, the developed part of town may have difficulty raising money for necessary town purposes. Thanks to them, too. |
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02-26-2024, 04:39 PM | #87 | |
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Unfortunately, there seem to be too many "ones" among our populace.
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02-26-2024, 04:56 PM | #88 |
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It all stems from the teachings (indoctrination) of the past several years that there are only two types of people: oppressors and oppressed. If you have mo ey and property, you must have oppressed someone to get it. Barack Obama and Elizabeth Warren both said if you are successful, you didn’t achieve it on your own. The implication of course being that you exploited others to achieve that success, therefore your property is ill gotten and not really yours. Chilling actually.
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02-26-2024, 07:22 PM | #89 |
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Adverse possession is not contemporary.
After the OHRVs purchased Jericho, the snowmobiles demanded access... and that was long before anyone had heard of an Obama or Warren. |
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02-26-2024, 09:16 PM | #90 |
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05-14-2024, 04:15 AM | #91 |
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Sale Under Review
Michael Haley, director of charitable trusts for the NH Department of Justice, said in an email that the state is looking into the specific restrictions in the deed. Haley declined to offer a timeline for the review process, and said such review was routine for this kind of sale.
“Whenever the Charitable Trusts Unit is made aware of a real estate transaction that involves land subject to charitable restrictions, we review the transaction as a matter of course to ensure that the restrictions are adhered to,” Haley said. https://www.laconiadailysun.com/news...5c5d0af54.html |
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