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Roy Sanborn - April Waterfront Sales Report

There were 10 waterfront homes sold on Lake Winnipesaukee in April at an average sales price of $805,588. That total is up from the seven sales last April but the average price is down from $2.15 million. This is due to only three sales exceeding the million dollar mark last month compared to the five out of seven that were over a million last April.
The least expensive sale on the big lake was at 251 Dockham Shore Road in Gilford. This is a 1938 vintage, four bedroom, seasonal cottage on a third acre lot with 50-feet of frontage, a sandy beach, and a dock. Now this charming little place is only 968-square-feet so you get the idea that the bedrooms are tiny, but who cares? There's a knotty pine living room with cathedral ceilings and a field stone fireplace and a great screened porch to tell tall tales on. What more do you need? This property took a little time to sell. It was originally listed in September 2010 at $699,000 and then relisted in May of 2012 at $499,000. The price was subsequently reduced to $399,000 and sold then for $350,000. The current tax assessment is $684,960. I'm thinking the buyer got a pretty good deal...
The property that sold closest to the median price point is at 56 Loch Eden Shores Road in Meredith. This property sold well below the assessed value of $812,600 but it took a while to find a buyer, too. It was first listed for $859,900, was reduced to $749,000, and finally sold after 402 days on the market for $695,000. Built in 1955, this house was a little newer, but it also had that knotty pine interior, cathedral ceilings, requisite stone fireplace, and enclosed porch. It was also a little larger with 1,411-square-feet of living space and three bedrooms and one and a half baths. The house is located on a private .48-acre double lot and has 190-feet of southwesterly facing frontage in a quiet cove. Sounds like a skinny dipping spot to me...
The largest sale on Winnipesaukee in April was at 62 Sticks and Stones (will break my bones?) Road in Moultonborough. This 1929 vintage, 2,431-square-foot, five bedroom, log-sided home also has a large great room with knotty pine walls, cathedral ceilings, and a stone fireplace, but the price is also creeping up due to everything else it has. The house has lots of porches; one on the lakeside, a farmer's porch on the front, plus a screened one so you can tell lies at night without getting bit by the bugs. The house sits on a 5.22-acre parcel with a level lawn area, 375-feet of sandy southwesterly facing frontage, and a forty foot permanent dock. Permits are in place for a new seven bedroom Adirondack home and a seasonal dock system for five boats. This property was listed at $1.74 million and sold for $1.625 million after just 40 days on the market. It is assessed for $1.484 million. I bet someone is excited, what do you think?
There was one sale on Winnisquam at 210 Black Brook Road in Meredith. This is a 3,500-square-foot, three bedroom, three bath, gambrel style home on a 1.31-acre lot with 252-feet of frontage. This home was built in 2003 and offers fantastic views of the lake from the deck, the great room, and from a Light House Tower! I wonder if there is a damsel in distress up there? The home has vaulted ceilings, floor to ceiling fireplace, custom wood work, a kitchen with hickory cabinetry and Jenn-Air stove, and even an adorable guest cottage. There's a two car garage and a 24-foot dock to tie up your motorized vehicles. This home was listed for $799,000, reduced to $699,000, and finally sold for $600,000 after 587 days on the market. It is assessed at $672,100. See the pattern?
There was also one sale on Squam in April and to me it is a quintessential Squam Lake property. Located at 55 Laurel Island Lane in Holderness, this classic 1940's compound includes a charming 3-4 bedroom seasonal main home with a field stone fireplace, knotty pine interior, and a fantastic wrap-around porch plus a two bedroom guest cottage. Pretty special! There's also a three car garage and two additional outbuildings offering other bunkhouse possibilities. The private 1.27 acre lot has 180-feet of frontage, a boat house, and dock. This property was listed at $1.399 million in June of 2012, relisted this year at $1.05 million, and sold for $975,000 in just nine days. I think they had a buyer waiting and I bet he's extremely happy...
Please feel free to visit www.lakesregionhome.com 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 as of 5/7/13. Roy Sanborn is a REALTOR® at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.
 
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