There were seven waterfront sales on Lake Winnipesaukee in April, 2015 at an average of $1,112,286 and a median price point of $900,000. That brings the total to 27 transactions on the lake thus far this year at an average sales price of $893,148 compared to the same 27 sales last year but with a higher average of $1,254,636.
The entry level sale last month was at 26 Deepwater Point in Moultonborough. This 1965 vintage, three bedroom, two bath, 1,285 square foot ranch style cottage sits on a third acre lot with 150' of sandy frontage. The cottage has a knotty pine interior, wood floors, a wood burning fireplace, a screened porch, and lakeside deck. The cottage is located at the very tip of Deepwater Point with spectacular views of undeveloped waterfront. Pretty nice! This home was listed at $559,000 and sold for $524,000 after 192 days on the market. The current tax assessed value is $583,100.
The median price point representative is at 9 Oakwood Road in Wolfeboro. And what a property it is! This circa 1907 vintage, 4,200 square foot, seven bed, four bath seasonal home is called "Stonehenge of Wolfeboro" and sits on 26.9 acres (three lots of record) with 400 feet of frontage on South Wolfeboro Bay. This classic summer retreat was restored to its past glory and features a two story great room with fieldstone fireplace and wrap around balcony, natural bead board walls, and hardwood flooring. The kitchen has been updated to modern standards and there is a formal dining room for entertaining. The exterior is finished in cedar shakes with lots of stonework...hence the name, Stonehenge. The former owners added a tennis court, pitch and putting greens, and volley ball and badminton courts. You truly take a step back to simpler times here. This home was listed in June of 2012 at $1.495 million, was relisted in May of 2014 at $1.295, and sold for $900,000 after 681 days on the market. The current tax assessed value is $1.31 million. Tennis, anyone?
The highest sale for the month was at 37 Four Seasons Drive in Alton which is just minutes to downtown Wolfeboro. This 6,000 square foot residence was built in 2006 and has five bedrooms, seven baths, a gourmet kitchen with stainless appliances including a Thermador range and convection oven, center island, granite counters and breakfast nook. There's a first floor master suite, two additional guest suites upstairs, living room with gas fireplace, formal dining room, home theater room, exercise room, sunroom, covered porch, and, of course, a wine cellar. Outside you'll find a wonderfully landscaped world with stone patios, walls, lawns, circular driveway and 125' of frontage with truly fabulous sunset views. There's a three car garage for the toys and separate barn with a heated workshop. This home was first listed at $2.2 million, was reduced to $1.925 million, and sold for $1.735 million after 481 days on the market. It is currently assessed at $1,857,900. I wonder if they are looking for a grounds keeper?
There were two sales on little sister Winnisquam in April. A 1950 vintage, 1,517 square foot cape style home with three bedrooms, two baths, on a third acre lot at 12 Hill Road in Tilton found a new owner. This home isn't exactly on the water, but it has a ten foot right of way to the lake with a dock. Kind of a cheap way to get on the lake. This home was originally listed at $299,900, reduced to $279,900, and sold for $255,000 after 249 days on the market. The current tax assessment is $195,000.
The other Winnisquam sale was on the Gold Coast at 514 Shore Drive in Laconia. This is a 2,644 square foot contemporary style home with four bedrooms and three baths. The home was constructed in 1969 and is in impeccable condition. It was designed with an open concept layout for great entertaining space and to be bright and sunny. The real selling feature here was the wonderfully large 2.28 acre lot situated on a point of land that provides great privacy. The property has 392' of westerly facing frontage providing stunning sunset views, a U shaped dock, plus a perched beach. This home was listed in September of 2013 for $1.15 million, brought back on the market in February of this year at $989,000, and sold for $875,000 after a total of 447 days on the market. It is assessed at $914,800.
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 5/15/15.
Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 603-677-7012
- Category: Columns
- Hits: 606