By ROY SANBORN
There were six residential waterfront transactions on Lake Winnipesaukee in February 2016 at an average sales price of $1,102,833 and a median price point of $813,500.
The entry-level sale was at 14 Mill Cove Road in Alton. This 1967 vintage, 1,661-square-foot, two-bedroom, one-and-a-half bath home is extremely well maintained and offers beautiful long-range views and deep-water docking. It has an open floor plan with a tastefully remodeled kitchen, living room area with wood fireplace, two additional sleeping areas, and a great deck system. This home was first listed in October 2013 for $699,000, again July 2014 for $699,000, relisted in January 2016 for $619,000 and sold for $595,000 after 763 days on the market. It is currently assessed at $514,400.
The median price point representative this month is the property at 75 Neil Shore Road in Meredith. This home was completely rebuilt in 2004 and has 2,030 square feet of turnkey living space, five bedrooms, and two-and-a-half baths. This home is very nicely done, featuring an open concept main level with hardwood floors and radiant heat, a beautiful eat-in kitchen, large breakfast bar, and a living room leading out to a deck with awesome views. The 0.17 acre lot has 80 feet of frontage, a perched beach, a granite paver patio, and a 30-foot dock. That's a lot of greatness in a small area! This home was listed at $950,000, reduced to $860,000, and sold for $842,000 after 412 days on the market. The current tax assessment is $661,200.
The highest sale of the month was at 68 Wagon Wheel Trail in Meredith. This stunning Adirondack home was built in 2008 and has just over 8,000 square feet of ultra-high-quality living space. There are 21 rooms, six bedrooms (which are all en suites,) and a total of eight baths. I guess that's enough room for everyone! The enormous two-story great room has a massive fieldstone fireplace, as does the family room in the lower level, which also sports the requisite bar, pool table, home theater room, sauna, steam room, exercise room and wine cellar (of course!) The kitchen features high-end appliances, custom cherry cabinetry and flooring, granite and custom tile work. The home has all of the high-end custom features and finishes you would expect with natural woodwork trim, exposed beams, solid panel doors, cathedral and coffered ceilings, and beautiful fixtures. It sits on a 1.04-acre lot with 150 feet of westerly facing frontage, large lawn area, custom patio with fire pit and hot tub, and an oversize U-shaped dock providing plenty of space for all the toys! An expansive porch is the perfect place to watch the sunsets. There's also a four-car heated garage for your Bentley. This home was listed at $4.749 million back in May 2013, reduced to $3.249 million, and sold for $2.75 million after 933 days on the market. It is assessed at $3.093 million.
There were two sales on Lake Winnisquam and, coincidentally, they were both located on the same street at 11 and 21 Gilman Shore Road in Belmont. Number 11 is a 1955 vintage, 944-square-foot, two-bedroom year-round cottage on 0.22 acres of land with 50 feet of frontage. This home was listed at $355,000, reduced to $335,000 and sold for $300,000 after 198 days on the market. The home at 21 Gilman Shore was built in 1975, so it is a little newer and bigger with 1,450 square feet of space and two bedrooms. It sits on a 0.2 acre lot with 75 feet of frontage. This property also took a little longer to sell, with an initial offering price of $479,000 back in May 2011. It was subsequently reduced down to $370,000 and sold for $365,000 after 1,683 days on the market. The tax assessed value for 11 Gilman Shore is $364,500 and 21 Gilman Shore is $353,200.
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 compiled using the NNEREN MLS system as of 3/09/16. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012.
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