Off and running! There were eleven Winnipesaukee waterfront sales in January, at an average price of $835,091 and a median price point of $726,000. That's a lot better start than last January, when there were just five sales on Winni, but the average did come in higher at $1.084 million.
The entry level sale was down in Alton on Route 11, otherwise know as 2800 N Mount Major Highway. This 1950s vintage, 1,328 square foot, two bedroom, two bath ranch style home had been updated and offers fantastic views across the Lake to Mount Washington. This sunny and bright home might be sandwiched between the highway and the lake on a tiny .13 acre lot, but the 100 feet of frontage, a great waterside patio, a nice lawn area, and dock will key your eyes lakeside instead of on the road. This home was offered at $499,900 and sold for $490,000 after just 12 days on the market! It is assessed at $475,500. That's a pretty good deal, I think!
The median price point sale coming in at $726,000 is located up at 36 Leaward Shores in Moultonborough. That's just over the bridge on Long Island so Jo Jo's Country store will be your lifeline out there. This 4,248 square foot, 15 room, five bedroom, five bath contemporary should have enough room for you to entertain all your friends at the same time. It appears some work was needed to bring the home up to snuff but with a guest cottage, one car garage, one acre of land, 300' of frontage, a perched beach and dock, some things can be overlooked if the price is right. This home was first listed back in December of 2009 at $1,579,725, again in January of 2010 for $989,000, and then in December of 2015 for $700,00 and closed that little bit higher as a cash deal in just 26 days. It is currently assessed at $1,010,700. Jo Jo's will be a little busier this year.
The honors for highest sale of the month go to the property at 161 Pinnacle Park Road in Meredith. This newly constructed 4,319 square foot, four bedroom, five and a half bath contemporary sits on a level .54 acre lot with 128' of frontage on Meredith Bay. It has got all the features one would expect, with gleaming hardwood and tile floors, natural woodwork, cathedral wood ceilings, floor to ceiling fireplace, and a great open floor plan. The gourmet kitchen has beautiful cabinetry, granite counter tops, tile back-splash, and stainless appliances. There's a first floor master suite, a lower level family room with a wet bar, a huge playroom over the garage, a screened porch, large deck, and a slate stone patio with a fire pit down by the lake. There's a sandy beach and 50' dock just waiting for summer fun. This home was listed at $2,298,000 and sold for $2,350,000 after 229 days on the market. The current tax assessed value does not reflect the completed building.
There was only one sale on Winnisquam in January, but that's OK, we are just getting started. This sale was at 36 Nancy Drive in Belmont which is actually on the pond that connects to the lake by a canal. This home is an early eighties vintage Cape Cod style home with 2,252 square feet of space, four bedrooms, and two baths. The home has been well maintained and has had recent updates including a new kitchen. There is also a cute cottage on the property that is perfect for those unexpected guests over the holiday weekend. There are two lots of record, totaling a half acre with 296 feet of frontage on the pond, providing some good privacy. This property was first listed at $419,000, was reduced to $364,900 and sold for $350,000 after 164 days on the market. It is currently assessed an $313,800.
Pease 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 2/10/16. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 677-7012.
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