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Sanborn – November waterfront sales report

There were twelve residential waterfront sales on Lake Winnipesaukee in November, 2013 at an average sales price of $1,003,375. Last November there were also twelve sales, but a much lower average of $645,917. Six of the twelve sales last month were over the million mark thereby boosting the average for the month.

The least expensive sale on the big lake was at 455 Weirs Boulevard in Laconia. This 1940's vintage 944 square foot, two bedroom cottage was totally renovated in 1992. It has an eat in kitchen, large living room with wood stove, an unfinished basement for future expansion, and a great deck looking out toward the lake. The home is on the opposite side of the boulevard from the water so you do have to navigate Route 3 to get to your 151' of shorefront and dock, but that is kind of expected in this price range. This property was listed at $319,000 and sold for $299,000. It is currently assessed at $271,800.

The home representing the median price point is at 12 GWH in Tuftonboro. "GWH" does not stand for "Gee Willikers, Henry" but is short for Governor Wentworth Highway for those of you not familiar with the lingo on the other side of the big lake. This charming, three bedroom, three bath, 3,064 square foot cape was built in 1960 and features an updated kitchen, large living room with a fireplace, two bedrooms on the main level, and a master suite on the second floor. There's also a family room, kitchenette, and bath in the walkout basement so you can park the kids or the in-laws down there when they come to visit. The house sits on a third acre lot with 114' of frontage, and an "L" shaped dock on Winter Harbor. This property was offered at $999,000 and was on the market for 133 days before finding a buyer at $920,000. The Tuftonboro tax assessment is currently $861,800

The highest sale for the month on the lake was at 51 Garnet Point Road in Moultonborough. This home is a turn of the century cottage (that would be 1898 not 1998) that was owned by the same family since it was built. The two bedroom, two bath cottage is as one would expect; lots of wood, bead board, beamed ceilings, an updated kitchen and, of course, the requisite stone fireplace. But the real selling feature is the 5.6 acre lot with 640' of sandy water frontage. There is also a wonderful two bay boat house and a bunkhouse at the water's edge. This property was listed at $2.295 million and sold for $1.8 million after just 57 days on the market. It is assessed at $1.3 million. It's a great spot and I would expect to see a new home constructed there in the near future.

There were two sales on Winnisquam in November. The property at 100-102 Tucker Shore Road consists of a 1930's vintage two bedroom, one bath cottage on a .08 acre lot and a two bedroom one bath cottage on a .15 acre lot with 35' of frontage on the canal leading out to Winnisquam. The sale also included an .08 acre vacant lot with 25' of frontage on the main body of water. This property had been on and off the market since 2003 (yes, 2003) when it was listed for $325,000. The most recent listing started in June 2013 at $229,000 and sold for $195,000. Total time on the market was 1,297 days and the property is currently assessed at $284,600. The other sale was at 45 Dutile Shore Rd in Belmont. This is a contemporary four bedroom, two bath home with 2,454 square feet of living space that was built in 1962 but was completely and tastefully renovated. This home features beautiful cabinetry, hardwood floors, a first floor master, lower level gym, family room and sun room, plus a waterside cabana. The third acre lot has 133' of frontage, docking for two boats, and a sandy beach. This home was listed at $569,000 and sold for $535,000 after three months on the market. It is currently assessed at $445,000.

Up on Squam, the only sale for the month was at 18 Perkins Lane in Holderness. This is a 2,790 square foot contemporary, four bedroom, two bath home built in 1940 and is just steps from the water. It sits on a .55 acre level lot with 265' of frontage. The home features a nice kitchen, knotty pine living room with stone fireplace, and a covered porch overlooking the water. Pretty nice! This property was listed at $725,000, reduced to $675,000, and sold for $632,000 after 157 days on the market. The property is currently assessed at $650,000.

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 12/10/13. Roy Sanborn is a realtor at Four Seasons Sotheby's International Realty and can be reached at 603-455-0335.

 
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