Roy Sanborn - Great time to be out house hunting

  • Published in Columns
Hey, if you are looking for home bargains in the Lakes Region of New Hampshire they just keep coming on the market! What a great time it is to be out house hunting. With extremely low prices and historically low mortgage interest rates it really is one of the best times ever to buy a home. A quick spin around the MLS revealed some new residential listings that appear to be pretty good deals... at least on paper.
Down in the big city of Tilton at 91 Winter Street there is a solid, 1925 vintage, New Englander with "lots of potential in a nice area." This six room, three bedroom, 1-1/2 bath home has 1,674-square-feet of living space with an appealing kitchen, large living room, a dining room with hardwood floors, a large 24' x 11' master bedroom, a walk up attic, and a wrap-around porch. The home has had some extensive winterization work done to it in 2009 and received a new furnace, spray foam insulation on the basement walls, and new basement windows. It sits on a .28-acre lot within walking distance to schools and downtown. This property in being offered as a short sale at $84,900 which is 52 percent of the tax assessed value which would seem to make it a great deal for buyers willing to go through the process!
Another older property at 142 Garfield Street in Laconia could be a good investment and is billed as "a diamond in the rough." That always scares me a little, but you gotta go check it out to find out for sure! This is a 1912 vintage New Englander that sits on a .21 acre lot and has 1,326-square-feet of living space, three bedrooms, 1-1/2 baths, hardwood and softwood floors, and a two car attached garage. The listing says it needs some TLC but at only $79,900 and a tax assessment of $130,200 there could be some good upside here for an investor or first time buyer. And, you won't bother the neighbors at the Union Cemetery if you have to stay up late working on the place.
There's a couple of nice single level homes that just popped up that should be of interest to some buyers. The first is at 44 Highcrest Drive in Belmont. This is a five room, three bed, two bath ranch built in 1993 and has 1,424-square-feet of living space. It has an open floor plan, hardwood floors, a stone wood burning fireplace, cathedral ceiling with skylights, an oversized master bedroom suite, a farmer's porch, and a detached two car garage. Exterior renovations have been completed with interior updating being left for the new owner. It is kind of hard to tell from the pictures how much needs to be done because, well, there just aren't any pictures there. That can be scary, too! But the house is listed at $179,000 which is 76 percent of the assessed value of $238,200. Let's go look and see if we are surprised.
There's another ranch style home on a 12.66 acre lot at 89 Threshing Road in Sanbornton. This one, however, is a manufactured home built in 1999 with 1,792-square-feet of living space and features an open floor plan, large living room with fireplace, formal dining room, four bedrooms including the large master suite, two full baths, sunroom, and deck. It also has central air, a new roof, a 14' x 10' shed, and a detached two car garage. This home is priced at $177,500 and has a tax assessed value of $237,700.
Another good residential value appears to be at 585 Union Road in Belmont. This home is a 1,981-square-foot cape built in 1989. It has an open floor plan, a living room with wood cathedral ceilings, eat in kitchen, dining room, three bedrooms, 2-1/2 baths, fully finished basement with an office and family room, and an attached two car garage. It sits back from the road on a 1.22 acre lot providing great privacy. This home is priced at $239,900 which is 83 percent of the tax value of $289,500. Good deal? Go check it out and see!
These are just a sampling of the many potentially good bargains that are currently on the market. Contact a REALTORĀ® today and begin your new home search. The time is right to make your move.
Please feel free to visit to learn more about the Lakes Region real estate market and comment on this article and others. Data was compiled using the Northern New England Real Estate MLS System. Roy Sanborn is a REALTORĀ® at Roche Realty Group and can be reached at 603-677-8420