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Fresh Meat for the Lakes Region Home Buyer

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Posted 05-04-2012 at 02:40 PM by Roy Sanborn
Updated 05-20-2012 at 09:48 AM by Roy Sanborn

The number of homes for sale in the twelve Lakes Region communities in this report continues to creep up with 105 more listings available than last month. The 1195 listings available as of May 1 represents a 17.6 month supply. That’s enough! The current average asking price stands at $500,196 with a median price point of $257,000.

There is obviously a pile of homes in every price range to look at if you are in the market for a new residence. I took a look at the homes that have come on in the past month to see if there were any potential good deals based on a comparison where the asking price is a lot less than the property’s tax assessed value. That’s as good a place to start as any in finding a bargain, but as I have said many times before, that’s just one factor. You have to go look at the home to see what condition it is in, what updates and repairs are necessary, and whether the property fits your overall needs. So here’s a look at some fresh meat for the carnivorous home buyer.

The home at 38 Range Road road in Belmont might not exactly be fresh meat as it has been on the market several times before, but it is offered a very fresh and greatly reduced price. It was originally offered back in 2007 for a little over $300K, last year in the mid $200's, and is now listed at $179,900 which is a short sale situation. With a tax assessment of $236,400 it seems like a pretty good price. The house is a 2,000 square foot, three bedroom, two bath colonial that has had many upgrades including a new roof and boiler. It has a large eat-in kitchen, formal dining room, spacious living room, and a 10’ x 24’ family room. The home sits on a great 5.6 acre country lot with a nice yard and open fields for your horses.

Over at 558 Stage Road in Sanbornton is a spacious 3,612 square foot, three bedroom, two bath ranch that also looks like it might be a good deal. This home was built in 2002 and sits on a private 8 acre lot with a loooong driveway. I like loooong driveways. There’s a large country kitchen, a master suite, hardwood flooring, a fully finished walk out basement, central air, and a two car garage. This home also was on before. It was listed at $269,900 last year, but is now offered at $245,900. It has an assessed value of $295,000.

A truly fresh listing with stunning long range views awaits you at 20 Hillside Drive in New Hampton. This mountaintop, 1,856 square foot, three bed, two bath raised ranch with cedar siding has lots of glass and a great deck to enjoy the fabulous views. This home has an open concept floor plan and the large living room boasts a gas fireplace as does the master suite. The price tag on this home is $269,900 which is 91% of the assessed value of $295,250. Looks nice and sounds like a deal for a house with a million dollar view.

Another home that has never been on the market is at 139 Eastman Shore Road in Laconia and it looks like it is priced right and ready to go. This well cared for three bed, one and three quarter bath, 1,978 square foot ranch was built in 2003 on a 2 acre lot that has access to Winnisquam. You’ve got easy one floor living with a galley kitchen with a pantry and built in computer nook, an ample sized living room with a soapstone gas stove, a master suite, and a wonderful four season room with tongue and groove pine walls. There’s a large family room plus two additional large rooms in the walkout lower level. There’s also a great farmer’s porch and an attached two car garage. This home is priced at only $219,000 and has a current tax assessment of $235,100. Sounds like a good deal to me!

There are plenty of other opportunities out there for savvy buyers looking for a good deal, so get out there and look before the one you could have had is gone. Talk to a REALTOR® that can help you locate the dream home you have always wanted at a price that won’t give you nightmares

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