The Winni Waterfront Sales Report - May 2015
There were seven waterfront sales on Lake Winnipesaukee in May, 2015 at an average price of $1,487,214 and a median price point of just under a million at $985,000. That's not as good as last May when eleven sales were posted. For the year thus far there have been 34 sales on the big lake at an average of $1,015,456 compared to 38 sales last year at an average of $1,158,189 for the same period. So all in all despite the harsh long winter we are doing pretty well.
The bargain basement purchase this month was at 12 Long Island Road in Moultonborough if you can consider just over a half million dollars being in the basement. Come to think of it, this place doesn't have a basement. It is on posts and piers but it has 127 feet of frontage and multiple dock spaces which is way more important. This 1940 vintage cottage has 968 square feet of living space, two bedrooms, an eat-in kitchen, and that period knotty pine and paneled interior. There is even a large commercial size three bay garage for all your stuff. This property was offered originally at $625,000, was reduced to $585,000 and sold for $510,000 after 276 days on the market. It has a current tax assessment of $696,900. I bet the new owners are pretty happy.
The median price point sale is represented by the property at 104 Old Keewaydin Pont Road in Wolfeboro. This property is a 1,900 square foot, four bedroom, three and a half bath contemporary home built in 1974. The main house has a renovated kitchen with granite counter tops and stainless appliances, new hardwood floors, renovated master bath, and a fabulous screened porch to take advantage of the southwest sunset views from Winter Harbor looking out toward the Broads. There is a one bedroom guest cottage which I would be pleased to stay in if the new owners see this and call me. There is also a two car detached garage for the toys. The home sits on a half acre beautifully landscaped lot with 132 feet of frontage and U-shaped dock with a permanent cover. Pretty cool! This house was offered in August of 2013 for $1.4 million, re-listed in June of 2014 for $1.299 million, was reduced to $1.15 million and sold for $985,000 after a total of 509 days on the market; it is assessed at $934,300.
The highest sale of the month honors go to the property at 364 Edgewater Drive on Governors Island in Gilford. This like new custom home was constructed in 2010 and has a mere 10,880 square feet of tasteful living space with six bedrooms, six full and two half baths, an open concept design and a great room with soaring ceilings, beautiful wood flooring, and field stone fireplace. There is a gorgeous kitchen and a porch with a fireplace and summer kitchen. The master suite is on the first floor and there are three en-suites, a guest room, bunk room, den and office on the second level. Of course, the game room and a family room are on the walk out lower level along with the wine cellar, wet bar, and exercise room. Outside the landscaping on this one acre lot is amazing and the 150 feet of frontage sports a couple of covered docks. This property was listed at $4.95 million and sold for $3.8 million after 277 days on the market.
Over on Winnisquam, there were four sales in May which is kind of like a banner month. So far this year there have been seven sales at an average of $593,786 compared to the same seven sales at an average $701,143 for the same period last year. The least expensive sale for the month was at 45 Stoney Brook Road in Meredith where a remodeled 1950s vintage, 1,240 square foot, two bedroom cottage on a quarter acre lot with 100' of frontage sold for $410,000... but not right away. It was first listed in April of 2013 for $425,000, re-listed in January of this year at $420,000 and sold for $410,000 after a total of 717 days on the market. It is assessed at $387,700.
The largest sale for the month on Winnisquam was at 31 Collins Brook Road in Meredith. This 3,888 square foot contemporary has three bedrooms, two and a half baths, a wonderful great room with massive field stone fireplace, a custom gourmet kitchen, and a spacious master bedroom suite with balcony looking westerly out across the lake to the loon preserve. There are high end finishes and exotic woods used throughout this tasteful home. The home has radiant in-floor heat, central air and a whole house generator. A huge two car garage is supplemented by a large garage and workshop down under on the lake side. It's the perfect spot to store your boat or work on a project. The .99 acre lot has 168' of frontage with a Squam Lake feel and sunset views. This property was first listed back in June of 2008 for $1.1 million, in 2011 for $995,000, in 2012 for $875,000, and in November of 2014 for $899,000. It sold for $795,000 after a total of...believe it or not, 717 days on the market. That must be the magic number for the month. This property is assessed at $693,700 and the new owners are loving it...
Pease feel free to visitwww.lakesregionhome.comto learn more about the Lakes Region real estate market and comment on this article and others. Data compiled using the NNEREN MLS system as of 6/10/15. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached a t603-677-7012
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