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upthesaukee · 12-19-2017, 05:51 PM

A house up the street from me here in Alton, in the rural residential zone, was purchased in 2004 for $221k. It sold 11 years later for $250k, in 2015. Then it sold again approximately 18 mos later in 2017 for $274k.
Watching the real estate transactions weekly in the Baysider as well as Ray Sanborn's column in the Laconia Sun, I have been amazed by the sales over the last few years, and not only for waterfront property. Our street is about a half mile of the lake, and no lake view (think "view tax" &#128521

.

In the past years, my increases have mainly been in land value. This past year, the increases for land were minimal, but the value of my home went up substantially. Looking at this other house on my street, there is a minimal increase on the land, but a substantial increase on the house value. Also note, the assessment was done prior to the house sale (sold in November). We may not like it, but it seems that house values are increasing throughout oute area, and perhaps state-wide.

Just a view from my little corner of the world...

Dave

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12-19-2017, 05:51 PM	#113
upthesaukee Senior Member Join Date: Jan 2003 Location: Alton Bay Posts: 5,616 Blog Entries: 2 Thanks: 2,483 Thanked 1,988 Times in 1,088 Posts	A house up the street from me here in Alton, in the rural residential zone, was purchased in 2004 for $221k. It sold 11 years later for $250k, in 2015. Then it sold again approximately 18 mos later in 2017 for $274k. Watching the real estate transactions weekly in the Baysider as well as Ray Sanborn's column in the Laconia Sun, I have been amazed by the sales over the last few years, and not only for waterfront property. Our street is about a half mile of the lake, and no lake view (think "view tax" &#128521 . In the past years, my increases have mainly been in land value. This past year, the increases for land were minimal, but the value of my home went up substantially. Looking at this other house on my street, there is a minimal increase on the land, but a substantial increase on the house value. Also note, the assessment was done prior to the house sale (sold in November). We may not like it, but it seems that house values are increasing throughout oute area, and perhaps state-wide. Just a view from my little corner of the world... Dave Sent from my SM-T580 using Winnipesaukee Forum mobile app __________________ I Live Here... I am always UPTHESAUKEE !!!!