By ROY SANBORN
There were 14 waterfront sales on Winnipesaukee in April 2016 at an average of $1,439,577 and a median price point of $817,500. That compares to seven waterfront sales last April at an average of $1,112,286 and a median price point of $900,000. So things are buzzing on the lake this year!
The entry level sale last month was at 89 Stonedam Island Road in Meredith. This is a 1,720-square-foot, four-bedroom, two-bath home built in 2006 with lots of upgrades, including cherry cabinetry, oak flooring, wainscoting, granite counters, a gas fireplace and lots of large windows to bring in the light. There's a farmer's porch, a large back deck for grilling, and a two car garage under. The house sits on a 4.2 acre lot with a large lawn leading down to 500 feet of waterfront with a dock and bunkhouse to camp out in. The waterfront is a little marshy, which obviously affects the pricing. It was first listed in August of 2014 at $629,900, again in December 2014 at $599,000, and then again in March 2016 at $499,000. It found a buyer at $470,000 after a total of 443 days on the market. It is assessed at $466,300.
The median price point representative for the month is at 110 Cattle Landing Road. This property consists of two 1930-vintage two-bedroom seasonal cottages and a detached garage on a 0.8 acre lot with 103 feet of water frontage. This property was listed in June of 2013 for $1.1 million with no takers, brought back in May 2014 at $850,000, and finally found a buyer at $810,000. Total time on the market was 879 days and the current tax assessed value is $795,700. I expect there could be a new house there any second now...
The largest sale for the month was over in Wolfeboro at 428/450 Sewall Road. This property consists of a main house and separate three-story studio workshop, which, when combined has 10,328 square feet of living space, 24 rooms, 10 bedrooms, and 12 baths. That's a whole lot of space! The open-concept main home has all the bells and whistles, including a designer kitchen, butler's pantry, first-floor master bedroom suite, a great room with two-story stone fireplace, and office on the first floor. Upstairs are two more guest suites, a gym and library. The lower level has a fabulous family room with stone fireplace, home theater, wine cellar, and three more guest rooms. The 3,000-square-foot studio/workshop has additional bedrooms in case you run out of space in the main house or Cousin Eddy comes for an extended stay. Both buildings have commercial grade elevators. The 1.1 acre lot has extensive landscaping and stonework and the 200 feet of southwest exposure frontage has an oversized two-slip boat house to die for. This property was listed in October 2013 at $7 million with a price increase to $7.5 million a few months later and was on the market for 776 days. It was relisted in April 2016 at $6.995 million and sold at $6.375 million apparently to a buyer in waiting. It is assessed at $3.665 million.
There was only one sale on Winnisquam in April and that was at 168 Black Brook Road in Meredith. This is a 1996 vintage 2,900-square-foot, four-bedroom, two-bath colonial-style home on a 0.91 acre lot with 154 feet of frontage. This was a bank-owned property, so there are lots of unknowns and some repairs to be done. It was listed at $599,900 and was bid up to $618,000. It is currently assessed at $603,900.
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 May 11, 2016. Roy Sanborn is a sales associate at Four Seasons Sotheby's International Realty and can be reached at 677-7012.
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