By Roy Sanborn
Sales Associate at Four Seasons Sotheby's
There were 22 Winnipesaukee waterfront sales in September, 2016, at an average price of $783,106 and a median price point of $534,000. That's not quite as good as last September's 27 transactions at an average price of $916,660. This brings our total number of sales on Winnipesaukee so far this year to 128 sales, compared to 127 last year for the same period. Guess we are running pretty much neck and neck as far as the activity goes.
The entry level sale this month was at 50 East Side Drive in Alton. This 1897 vintage seasonal cottage, which is across the street from the lake, is just like grandma's place with lots of original charm, features, and a fantastic wrap-around porch. It has a renovated kitchen with custom oak cabinetry and brand new linoleum flooring which kind of goes with the wallpaper, I guess. But it is pretty cool all the same. There are three bedrooms upstairs and the master has its own porch from which to look out and see the views and the "boat house" on your 50-foot waterfront lot across the street. Well, it used to be a boat house I guess but now it serves as dockage and a swim platform from which to observe the comings and goings in Alton Bay. This property was listed at $285,000 and went under contract in just three days for $265,000. The current assessed value is $263,600.
The median price point representative for the month is the property at 155 Krainewood Drive in Moultonborough. This 2,100 square-foot cape style house was built in 1985 and has three bedrooms, two baths, a living room with a vaulted ceiling and fireplace, and a two-car garage. Beyond that I can't tell you a lot about the house as there are very few pictures and not much of a property description in the MLS. Maybe it is just a median house? Anyway, it does sit on a .43-acre lot with 100-feet of frontage. The agent did promise the house would be cleaned out. OK... The property was listed for $598,000 and sold for $550,000 after 211 days on the market. It is assessed at $698,600 which would seem to indicate that this was probably in need of some fixing up.
The highest sale in September was at 179 Kingswood Road in Wolfeboro. This property was billed as a "no compromise retreat" and I suspect that it lived up to that description. The 6,500 square-feet of meticulously-maintained living space has a wonderful open floor plan with a white contemporary kitchen featuring a center island, granite, Viking six-burner gas stove, and oak hardwood floors that extend into dining room and living room which features high ceilings, a gas fireplace and walls of windows from which to enjoy views of the lake. There's a sumptuous first floor master suite plus four guest bedrooms upstairs. The walkout lower level has the usual family room as well as an exercise room. Lake homes can be pretty predictable. A large deck and screened porch overlook the well-landscaped 1.9-acre lot and great southerly views. The flat lawn area leads down to the 200-feet of frontage with perched beach, stone patio, and a boat house with two 30-foot by 12-foot slips. Pretty darn nice, I'd say! This home was listed at $3.799-million and took almost a year to find a buyer at $3.35-million. It is currently assessed at $2,438,200.
There were four sales on Winnisquam in September ranging from a low of $475,000 for a 1989 vintage, 3,200 square-foot contemporary on 1.34 acres with 95-feet of frontage at 565 Laconia Road in Tilton to $1.075-million for a 5,162 square-foot, 1990s contemporary on .89 acres with 200 feet of frontage at 674 Shore Drive in Laconia. Another property, just down the street at 246 Shore Drive, also found a buyer for an even $900,000. This home was built in 1986, has 3,416 square feet of living space, and sits on a half-acre lot with 182' of shore front. Shore Drive has a nice residential feel and great sunset views, making it one of the most desirable places to live on Winnisquam. This brings the total number of sales so far this year to 22, compared to just eleven last year for the same period.
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 was compiled using the New England Real Estate MLS System as of Oct. 11, 2016. 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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