Winnipesaukee waterfront sales soared in July! There were 28 properties that found happy new owners who undoubtedly are now out on the lake enjoying the fantastic weather we have been having. I wonder how many bought new boats to go along with the new digs? The average sales price came in at $1.312 million with a median price point of $950,000. This brings our total sales for the year thus far to an even 80 at an average price of $1.128 million compared to 62 sales for the same period last year at an average of $1.07 million.
The entry level sale of the month was at 14 Bear Island in Meredith. This property consists of a 1978 vintage, six room, three bedroom, one and a half bath cottage on a 1.33 acre lot with 110' of frontage with a deep water dock and breakwater. The cottage has an open concept living-dining area with new laminate flooring, an updated kitchen with tile floor, new countertops, and cabinetry, a screened porch, and two decks. The interior walls and ceilings are finished in knotty pine for that lake feel. There is also a one bedroom guest cottage for that unexpected cousin that comes without fair warning. The views are spectacular. Now, it did take a while to sell this one. It was first listed back in 2008 at $499,900 and subsequently listed a number of times with or without a mainland dock included. It was relisted this year at $349,900 and sold for $275,000. The tax assessed value is $337,100 and total time on market was over 1,400 days.
The median price sale representative for the month was at 46 Minge Cove in Alton. This contemporary style, twelve room, four bedroom high quality home was built in 2003 and has all the features you'd want for elegant lakeside living. There's a grand foyer with a balcony above and floor to ceiling windows that leads to the great room featuring Brazilian cherry floors, soaring cathedral ceilings, and walls of windows to bring in the views. The kitchen has tile floors, maple cabinetry, and granite (of course.) There is a first floor media room and a large family room in the walk out lower level. The master suite and three additional guest rooms are on the second level. There's a heated two car garage attached and a three car detached to hold all the requisite toys. The 1.6 acre lot provides privacy and 234' of frontage with a 40' dock. This home was first listed in May of 2009 for $1,669,000 and was relisted five more times coming back on the market this year at $1,095,000. It sold for $975,000 after a total of 1,337 days on the market. The current tax assessed value is $996,100.
The highest price sale for the month was at 24 Tranquility Lane in Alton and it is a special waterfront indeed. This 8,600 square foot classic lake home was built at the turn of the century, and that would be the last century in 1905, but has been tastefully modernized for today's lifestyle. There is a chef's kitchen, living room with cathedral ceilings, extensive built-ins, and walls of glass to bring in the truly amazing views, a formal dining room and office on the main level. An elegant master suite on the second level takes full advantage of the westerly views along with four more en-suite guest rooms. The lower level, which can be reached using an oak paneled elevator, has a 700 square foot Adirondack style family room with wood burning fireplace and broad lake views plus an additional guest room. A covered breezeway takes you to a cottage style guest house with two additional en-suite bedrooms. There are garage spaces for six vehicles so the Bentley and the Jag will always be under cover and there's a 1600 square foot, two bay boat house that will hold up to a 30' craft. The house sits on 3.1 acres with two lots of record giving it 342' of amazing westerly facing frontage providing long range views and gorgeous sunsets. Fantastic! This home was first offered in 2012 for $6.38 million and was re-listed this year at $6.289 million and sold for $5.85 million after a total of 613 days on the market. It is assessed at $3,199,400.
There were two sales on Winnisquam in July which brings us to ten sales so far this year which is exactly the same pace as last year. One was at 100 Sunset Drive in Belmont which is a 1970s vintage contemporary ranch with 2,038 square feet of space, three bedrooms and two baths. The house is located on a level .25 acre lot with 85 feet of frontage and two 50' docks. This property was first listed in 2013 at $429,000, re-listed in February of 2014 for $395,000, was reduced to $295,000 and then sold for $282,000 after 601 days on the market. The assessed value currently is $420,600.
The other sale was on the opposite side of the lake and pricing spectrum at 19 Lower Waldron Road in Meredith. This home was built in 1997 and has 3,423 square feet of space, three bedrooms including a first floor master, two and a half baths, living room with wood cathedral ceilings and wood burning fireplace, and gourmet galley style kitchen. The house sits on a very private one acre lot with extensive stonework, a sandy beach, and dock. The house was offered in 2014 at $1.175 million, relisted for $1.199 million, reduced to $1.025 million, and sold for $950,000 after a total of 282 days on the market. It is assessed at $859,400.
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 9/15/15. 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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