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Winni Waterfront Sales Report – October 2014

Winni Waterfront Sales Report – October 2014

WINNI WATERFRONT SALES REPORT – OCTOBER 2014
Winni Waterfront Sales Report – October 2014. There were 15 residential waterfront sales on Winnipesaukee in October at an average price of $896,640 and a median price point of $582,500. Three sales exceeded the million dollar mark. This brings the tally this year to 108 sales at an average purchase price of $1,076,055 compared to 117 sales at an average of $952,393 for the same period last year.

The entry level sale for the month was at 4 Black Bird Lane in the Balmoral community in Moultonborough. It is a bit of a stretch to call it Winni waterfront as it is actually on Shannon Brook but it does lead out into the main lake and you have 42′ of frontage and a dock, so it is close enough! This 1976 vintage, 768 square foot, five room, two bedroom, one bath cottage is located close to the beach and other Balmoral amenities. It has a knotty pine interior, cute kitchen, large deck, and a one car garage for the toys. This property was offered back in 2010 for $278,500 and was relisted this year by Jim Ramhold of Berkshire Hathaway Verani in Moultonborough for $229,900. It sold in 175 days for $177,600. The current tax assessment stands at $230,700. I’d say the buyer got a pretty good deal…

Over on Paugus Bay, at 99 Birch Haven Road in Laconia there is a 1,248 square foot, four bedroom, one and a half bath ranch built in 1970 that also found a new owner. The main selling feature of this property is the .77 acre level lot with 100′ of frontage, an 80′ dock, beautiful sandy beach, and great views down the bay. I suspect you might see a new home built here. This home took a while to sell. It was first listed back in September of 2011 for $799,000, in November of 2012 for $649,000, and then in October of 2014 by Steve Banks of ReMax Bayside for $629,000. It finally sold for $545,000 after a total of 803 days on the market. The City of Laconia has the property currently assessed for $661,100.

At the top end of the scale the property at 34 Pipers Point Lane in Alton took only 9 days on the market to garner a full price sale at $2,249,000! This stunning, high quality, 5,577 square foot contemporary was built in 1995. It has four bedrooms including a first floor master suite that has its own fireplace and private deck plus two additional en-suite bedrooms upstairs. The custom kitchen features granite counters, high end appliances, and cherry cabinetry. The spacious living room has a floor to ceiling stone fireplace and soaring ceilings and there is a family room with built-ins, wet-bar, and fireplace in the lower level walk out basement. Every room in the house offers fantastic views of the lake. Outside, the gently sloping, well landscaped .75 acre lot has 140′ of frontage, a sandy beach, and a 60′ dock. This truly outstanding property was listed by Adam Dow of Keller Williams in Wolfeboro who said “The sellers sold the house, the furniture, and even the boats. The buyers were very attracted to the ‘bring your toothbrush’ approach and it made this listing more attractive than two others on the list. There is always a market for a Lake Winnipesaukee move-in condition home that is priced right!” This home is assessed at $1,738,500.

Over on Winnisquam there were two sales in October. The highest sale was at 136 Black Brook Road in Meredith. This 3,206 square foot home was constructed in 1999 and has two bedrooms (plus a den/guest room), two and a half baths, a custom kitchen with Shaker style cabinets, l-shaped bar, and hardwood floors, a large living room with gas fireplace and sliders out to the deck, and a great lower level family room finished in knotty pine. Very nice throughout! The house offers great views of the lake and sits on a .29 acre lot with 76′ of frontage, a sandy beach, and a dock. This great property was listed by Ellen Mulligan of Coldwell Banker Residential Brokerage of Center Harbor for $649,000, was reduced to $624,900, and sold for $595,000 after 141 days on the market. The current tax assessment is $521,100.

 

Winni Waterfront Sales Report – October 2014Data complied using the NNEREN MLS System

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Roy Sanborn

As a REALTOR® since 2000, I know what it takes to ensure a smooth real estate transaction; hard work, dedication and loyalty to my clients, knowledge, and effective communication. It is this philosophy that has helped me to consistently be one of the top producing agents in the Lakes Region of New Hampshire. I’ve also found that helps to have a little fun along the way! My partner, Ashley Davis, and I are thrilled to be part of Four Seasons Sotheby’s International Realty and have taken Sotheby’s already amazing marketing program and philosophy one step further with the formation of our Distinctive Homes Group! I know the lakes, the Lakes Region, and the lifestyle you are probably looking for.

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