Quite Possibly the Best Deal on a Waterfront in NH!

8 Jenness Pond Road, Pittsfield, NH

MLS #4099025

Offered Very Reasonably  at only $375,000

This beautiful custom built,four bedroom ranch with over 3 acres of land, 190 feet of frontage, & a dock on beautiful Jenness Pond could just be what you are looking for!

Built in 1998, this bright, open concept home features a living room with custom built ins, cathedral ceilings, hardwood floors, a gas fire place & slider leading out to a huge deck overlooking the lake.

The well appointed kitchen has a center island, oak cabinetry & built ins & corian counter tops. The adjacent dining area flows out to a large screened-in porch.

There are great entertaining spaces inside and out of this beautiful home.

On the opposite end of the home is a large master suite also with sliders out to the deck. There is also a nice den/office that looks out toward the lake.

On the walk out lower level is a large family room plus three guest bedrooms & a 3/4 bath.

There is a huge workshop on the main level with double doors that lead to the 2 car attached garage. The perfect spot for woodworking or hobbies!

This tranquil setting could be your new retreat from the daily grind! Easy commute to Concord or the Seacoast. A fabulous buy!

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Joe Skiffington was kind enough to provide this update of the NH Shoreland Protection Law which will be of interest to anyone owning lakefront property. Thanks, Joe!

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MLS 2834222  Offered at $849,800

This unique Winnisquam waterfront compound nestled among the trees & natural landscape features three wonderful cottages on .9 acres with 164′ of frontage & three docks (2 lots of record).

Enjoy the two bedroom year round Windswept Cottage for yourself. Well, it is more like a home than a cottage, but it has that wonderful cottage feel everyone tries to replicate! You will feel at home the minute you walk in the door! It has great views from every room. The main level is a bright, open area that is perfect for entertaining.  The kitchen flows into the dining area and livingroom  with high cathedral ceilings, pine floors, and a gas stove. The well appointed kitchen has a breakfast bar and is the perfect place to hang out. There are two large bedrooms and a three quarter bath downstairs . You can sun yourself  on the large deck or enjoy the screened porch one of those buggy evenings.

 Let your special guests stay in the Breezy Point Cottage which is literally steps to the water. It has a beautiful open first level with a large kitchen, dining area , cozy living room, and deck overlo0king the water.  There are two great bedrooms upstairs.

Send the kids up to the adorable Northwind Cottage nestled in the trees for that extra privacy. You may never see them or hear from them again! There is a great room with hearth and wood stove, kitchen, dining area, and one large bedroom & loft.  This cottage also has a screened porch and deck as well. Great rental opportunities!

 The quintessential Winnisquam lakefront cottage experience can be yours this summer!

Are you looking for an affordable Lakes Region of NH waterfront on a great lake?

The main level of this updated home features a  huge living room area with a hearth and woodstove, a dining area, large galley kitchen with all new stainless stell appliances, a den/additional sleeping area, and a huge full bath with laundry hook ups. There is also a 9′ x 20′ enclosed porch leading on to a 8′ x 14′ deck overlooking the lake.

Upstairs there are three bedrooms and a full bath plus another room that can be used as additional sleeping quarters. The master bedroom is large at roughly 20′ x 22′ and looks out at the lake. There is new carpet, linoleum, and laminate flooring throught the home.

Outside there is generous lawn space that leads gently down to the lake and your dock.  So spend this summer (and every summer hereafter) enjoying boating and waterskiing on Crystal Lake which covers 440 acres and is one of the nicest lakes in the region.  This is also a great base for your winter snowmobiling or skiing adventures as well! So call to schedule your showing now!

MLS #2826113    27 Wakeman Rd, Gilmanton, NH 03837

Offered at $239,000

                                                                   

The Winnipesaukee Waterfront Cottage.

Every real estate agent invariably gets a call this time of year from someone looking for their little piece of the Lakes Region of New Hampshire.  It goes something like:

Caller: “Hello, I’m looking for a waterfront cottage on Lake Winnipesaukee, do you have anything available?”

Agent: “Sure, there are lots of properties on the lake right now. It’s a great time to buy! What are you looking for?”

Caller: “Well, we’d like to be on right on the lake with a beach, a dock, at least a couple of bedrooms, preferably three, and some privacy. We don’t want to be real close to another house. And condition doesn’t matter so much. We can fix it up.”

Agent: “That’s nice. What were you thinking that you might be willing to spend?”

Caller: “Oh, I don’t know. Probably $100,000 to $150,000″

Agent: “Groan, Uh, Ma’am, I’m sorry you are not going to find anything on Winni for that kind of money. Generally speaking, you’re probably going to have to spend $400,000 to $500,000 for a  little camp on a small lot. You probably will have to look on some of the smaller lakes and then you are still not likely to find much, if anything, in that price range.”

Caller: “You’re kidding. All we want is a little cottage. Nothing much. We can fix it up. What about just a piece of waterfront land?”

Agent: “Ma’am, I’m sorry, but you can’t even buy a waterfront lot for that kind of money. Let me see what I can find you on another lake….”

Unfortunately, many buyers don’t know how expensive that little cottage on the big lake, or any lake, is these days. The average asking price on the lake right now is $1,897,188 with a median price of $1,324,450. The average sales price for a Winni waterfront (including island properties) for the 1^st half of 2009 was $838,858. That’s a long way from $150K! On Winnipesaukee, the least expensive, mainland waterfront is at 128 Mount Major Highway in Alton at $249,000. It is a 2 bedroom seasonal cottage on the opposite side of the road with a 1 bedroom seasonal cottage on the lake. It has 121′ for frontage but you are sandwiched between Rt. 11 and the lake. The next one up the price line is another seasonal, 1930′s vintage, 2 bedroom cottage with 50′ of waterfront on 12 Haven Lane in Alton for $344,900.

The least expensive waterfront on Lake Winnisquam at this point is at 907 Laconia Road in Tilton. This 5 room, 3 bedroom cottage was built in 1948, has 100′ of waterfront,  is billed as needing some TLC and is offered “as is” at $299,000.  Next up is a rehabbed 3 bedroom property built in 1960 at 38 Eastman Shore in Laconia with 80′ of shorefront for $334,900. The average asking price for Winnisquam waterfront homes is currently $656,126 and the average sales price for the 1^st half of ’09 was $341,250. Over on Waukewan, the least expensive waterfront is at 25 Chapman Point in New Hampton for $469,000. It is a 5 room, 2 bedroom cottage built in 1965 and sits on a .25 acre lot with 100′ of frontage.  But you can find some less expensive cottages on some smaller lakes. For $199,900 you can get the 1 bedroom cottage at 3 Cove Lane in New Hampton on Lake Winona. It sits on .1 acres with 45 ft of frontage. On Locke Lake in Barnstead there is a 3 bedroom cottage at 276 Varney Rd offered at $214,900.

The point is that the dream, perhaps the myth, of owning a little cottage on the water for cheap money on the bigger lakes has evaporated over time and the inexpensive ones on the smaller lakes generally aren’t much to brag about. Prices may drop a little more during this difficult market period, but the days of a $150,000 waterfront get-a-way are sadly long gone…

Caller: “Well, if you come across a deal on a waterfront in our price range could you give me a call?”

Agent: “Sure thing, Ma’am, will do…”

We usually see a couple dozen sales per year on Lake Winnisquam. The following chart

gives you the sales on Lake Winnisquam since 2003 and as expected sales for 2007 were off the mark from previous years. Prices range from just under $300,000 to occasionally breaking the $1 million mark. Like any lake, pricing is all about the location and water frontage. Waterfront sales on the lower end of the pricing scale were often on the canals on the Belmont side of the lake. While they did provide good boating access to the main lake they aren’t really what I would consider great waterfront properties particularly if you like to swim off your dock!

Click on this link to view report:

december-2007-lake-winnipesaukee-sales.doc