Hole in the Wall Cottage for sale

Juiced06GTO · 04-05-2018, 01:18 PM

I love hearing the history on places like this. My family has a cottage on Upper Suncook Lake in Barnstead that my grandparents built back in 1965. It is still in the family, but split between many aunts/uncles/cousins and when my father passed away back in 2012 at 53, I kind of lost the desire to go back there as it was usually the two of us who upkept the place and had many memories there.

I really wish I was in a better position to move on a place like this, but my wife and I are expecting child number 3 this July and it would probably be unwise to jump into this right now. If we were a few years down the road I would be skating accross whats left of the ice to put in an offer!!

Biggd · 04-05-2018, 01:29 PM

Quote:

Originally Posted by Juiced06GTO

I love hearing the history on places like this. My family has a cottage on Upper Suncook Lake in Barnstead that my grandparents built back in 1965. It is still in the family, but split between many aunts/uncles/cousins and when my father passed away back in 2012 at 53, I kind of lost the desire to go back there as it was usually the two of us who upkept the place and had many memories there.

I really wish I was in a better position to move on a place like this, but my wife and I are expecting child number 3 this July and it would probably be unwise to jump into this right now. If we were a few years down the road I would be skating accross whats left of the ice to put in an offer!!

Congratulation on child #3. When my kids were young we started out with a 19' travel trailer because at the time that's all we could afford. We managed to spend many times at different campsites along different lakes and rivers. We have fond memories of those camping years before we could afford our own place. You do what you have to do when the kids are young and they will have fond memories too.

LIforrelaxin · 04-05-2018, 02:40 PM

Hole in the wall takes a certain type of person to own, because it is so intimate to boaters going by. Having said that, this would really only be a weekend concern. That part of the lake is very quite during the week...I keep looking at the add for HiW and keep wondering how seriously I should let myself think about it.

If it could just be 6 years from now, with both my boys through college, I think I would be all over it at the current price....

People have been talking about prices on island properties, but its properties on the lake in General that have sky rocketed since the 90's... Lots of money came out of the stockmarket in the early 2000s and found its way into more stable real-estate investments...

As much as I love the lake, I am often wondering if the price of being on Winnipesaukee will ultimately drive me away and cause me to head some place more remote, like Moosehead in Maine.

mcdude · 04-06-2018, 08:10 AM

Quote:

Originally Posted by LIforrelaxin

As much as I love the lake, I am often wondering if the price of being on Winnipesaukee will ultimately drive me away and cause me to head some place more remote, like Moosehead in Maine.

That's what happened to me! .....and it worked out great! I'm not so far away that I can't head over to Winni when the mood strikes.

Donzi Minx · 04-06-2018, 12:15 PM

It is absolutely my biggest fear that I will never be able to retire at near or around the lake.
Some of my fondest memories on the lake at West Alton.
Lost this family property some ten years ago, and have not bee the same since.

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Biggd · 04-06-2018, 12:31 PM

Quote:

Originally Posted by Donzi Minx

It is absolutely my biggest fear that I will never be able to retire at near or around the lake.
Some of my fondest memories on the lake at West Alton.
Lost this family property some ten years ago, and have not bee the same since.

Attachment 13738

Waterfront is out of sight but there are plenty of affordable places away from the lake.

Blyblvrd · 04-06-2018, 03:09 PM

Quote:

Originally Posted by Donzi Minx

It is absolutely my biggest fear that I will never be able to retire at near or around the lake.
Some of my fondest memories on the lake at West Alton.
Lost this family property some ten years ago, and have not bee the same since.

Attachment 13738

That's a tough one, sorry.

LIforrelaxin · 04-06-2018, 01:23 PM

Quote:

Originally Posted by mcdude

That's what happened to me! .....and it worked out great! I'm not so far away that I can't head over to Winni when the mood strikes.

Visiting when the mood hits, is becoming more appealing..... I am in the process of looking around for places to retire too.... And while I love the lakefront camp my family currently has on Winnipesaukee. I realize that if I have to by my siblings out, plus pay the taxes, I will not achieve my goal of retiring early....

Having so many family members that have passed, in their early to Mid 60s, I am not going to take my chances, I want to retire early 55ish, and enjoy.... So I am considering my alternatives... And after visiting Moosehead in Maine, I am strongly considering it as an alternative... Prices and taxes are so much more reasonable.... I will always have a boat on a trailer, and visiting other lakes is part of what I want in retirement anyways...

joey2665 · 04-06-2018, 01:53 PM

Quote:

Originally Posted by LIforrelaxin

Visiting when the mood hits, is becoming more appealing..... I am in the process of looking around for places to retire too.... And while I love the lakefront camp my family currently has on Winnipesaukee. I realize that if I have to by my siblings out, plus pay the taxes, I will not achieve my goal of retiring early....

Having so many family members that have passed, in their early to Mid 60s, I am not going to take my chances, I want to retire early 55ish, and enjoy.... So I am considering my alternatives... And after visiting Moosehead in Maine, I am strongly considering it as an alternative... Prices and taxes are so much more reasonable.... I will always have a boat on a trailer, and visiting other lakes is part of what I want in retirement anyways...

Not looking to hijack but what are the other advantages to Moosehead other than cost and taxes compared to Winni?

MAXUM · 04-06-2018, 02:34 PM

Quote:

Originally Posted by joey2665

Not looking to hijack but what are the other advantages to Moosehead other than cost and taxes compared to Winni?

Not nearly as crowded - but there is a reason for that. It's also a lot farther away from civilization.

Honestly I'd rather be on Lake Champlain or Lake Memphremagog in VT

tis · 04-06-2018, 02:34 PM

This has worried me for a long time- That these towns will keep spending and therefore people on the lake will get sick of paying the high taxes. This is especially true if you only use your house or camp for a couple of months out of the year.

Blyblvrd · 04-06-2018, 03:02 PM

Quote:

Originally Posted by tis

This has worried me for a long time- That these towns will keep spending and therefore people on the lake will get sick of paying the high taxes. This is especially true if you only use your house or camp for a couple of months out of the year.

I have the reverse situation. I have a house in Londonderry and a house in Moultonborough. The lake house is worth more than the Londonderry house but my Londonderry taxes are more than double the Moultonborough taxes.

I can't justify staying in a soon to be too large Londonderry house that has far higher taxes and up keep.

Is the high lake taxes issue because they are in towns other than Moultonborough or because peoples non-lake home taxes are far lower than Londonderry's?

tis · 04-06-2018, 03:22 PM

Quote:

Originally Posted by Blyblvrd

I have the reverse situation. I have a house in Londonderry and a house in Moultonborough. The lake house is worth more than the Londonderry house but my Londonderry taxes are more than double the Moultonborough taxes.

I can't justify staying in a soon to be too large Londonderry house that has far higher taxes and up keep.

Is the high lake taxes issue because they are in towns other than Moultonborough or because peoples non-lake home taxes are far lower than Londonderry's?

Yes, Moultonborough is $8 a thousand and Londonderry is 21 or so a thousand. Huge difference. Moultonborough is one of the cheapest in the state. Tuftonboro is around 10 and Wolfeboro is around 15. Here is a link if you want to look at all of them:

https://www.revenue.nh.gov/mun-prop/...-tax-rates.pdf

MAXUM · 04-06-2018, 03:40 PM

Quote:

Originally Posted by tis

Yes, Moultonborough is $8 a thousand and Londonderry is 21 or so a thousand. Huge difference. Moultonborough is one of the cheapest in the state. Tuftonboro is around 10 and Wolfeboro is around 15. Here is a link if you want to look at all of them:

https://www.revenue.nh.gov/mun-prop/...-tax-rates.pdf

And this explains the difference in tax rate:

Total Property Value in Moultonborough: $2,944,716,030 with an operating budget of $23,954,328

Total Property Value in Londonderry: $3,153,456,557 with an operating budget of $82,084,119

So what you have here is nearly the same property valuation between the two but Londonderry is spending quite a bit more annually to run the town.

Doobs41378 · 04-06-2018, 03:45 PM

Quote:

Originally Posted by MAXUM

And this explains the difference in tax rate:

Total Property Value in Moultonborough: $2,944,716,030 with an operating budget of $23,954,328

Total Property Value in Londonderry: $3,153,456,557 with an operating budget of $82,084,119

So what you have here is nearly the same property valuation between the two but Londonderry is spending quite a bit more annually to run the town.

Yeah Londonderry has 5 schools so I am sure that is a lot of that operating budget.

Sent from my iPhone using Winnipesaukee Forum mobile app

tis · 04-06-2018, 04:39 PM

Your are right Doobs. $6 of the total tax rate of $21 is town and county in Londonderry. They rest is for schools.

mcdude · 04-06-2018, 05:05 PM

Just for comparison purposes I'm spending $9 per thousand in my little town. There is no town police force....just ambulance and fire. Policing is done by the York County police. The library is private and not financially supported by the town. There is no municipal trash pick-up.....but, hey....who doesn't like mixing with the locals at the dump? There is a regional school district. The high school kids in my neighborhood travel 17 miles each way to get to school. Regional schools save tons on transportation with state (or federal?) reimbursement. This is accomplished with no major industry in town and no lakefront mega-mansions contributing to the tax base.

MAXUM · 04-06-2018, 05:36 PM

Quote:

Originally Posted by mcdude

Just for comparison purposes I'm spending $9 per thousand in my little town. There is no town police force....just ambulance and fire. Policing is done by the York County police. The library is private and not financially supported by the town. There is no municipal trash pick-up.....but, hey....who doesn't like mixing with the locals at the dump? There is a regional school district. The high school kids in my neighborhood travel 17 miles each way to get to school. Regional schools save tons on transportation with state (or federal?) reimbursement. This is accomplished with no major industry in town and no lakefront mega-mansions contributing to the tax base.

ME also has a 5.5% sales and up to a 7.15% income tax which NH does not.

Since NH relies heavily on property taxes to fund everything that really isn't a fair comparison. Even so I like the way your town is run, keep it simple and fund the basics. Enjoy it while it lasts....

johnford123 · 04-06-2018, 05:42 PM

Our Gilford Taxes up 6.1% last year will not be long until we are forced to move!!

Gilford is not for family's.

vmass · 04-07-2018, 05:08 AM

What a great property! The listing says lot size is 2.58....that's a big lot.

Unless I am missing something, I say it will be under agreement before this weekend is over.

MAXUM · 04-07-2018, 07:23 AM

I doubt somebody is going to buy it sight unseen and there is no way to get out there and "show" it which is a rather dubious tactic by the listing agent who SHOULD know better as it's not supposed to be listed if it cannot be shown.

The last time this place sold it sat on the market for a while.

04-06-2018, 12:15 PM	#5
Donzi Minx Senior Member Join Date: Dec 2007 Location: Melrose, Mass. Posts: 194 Thanks: 0 Thanked 184 Times in 53 Posts	Hole in the Wall Cottage for Sale It is absolutely my biggest fear that I will never be able to retire at near or around the lake. Some of my fondest memories on the lake at West Alton. Lost this family property some ten years ago, and have not bee the same since.

04-06-2018, 05:05 PM	#17
mcdude Senior Member Join Date: Jul 2002 Location: Rock Haven Lake - West Newfield, ME Posts: 5,343 Thanks: 370 Thanked 1,033 Times in 480 Posts	Just for comparison purposes I'm spending $9 per thousand in my little town. There is no town police force....just ambulance and fire. Policing is done by the York County police. The library is private and not financially supported by the town. There is no municipal trash pick-up.....but, hey....who doesn't like mixing with the locals at the dump? There is a regional school district. The high school kids in my neighborhood travel 17 miles each way to get to school. Regional schools save tons on transportation with state (or federal?) reimbursement. This is accomplished with no major industry in town and no lakefront mega-mansions contributing to the tax base. __________________

04-06-2018, 05:42 PM	#19
johnford123 Junior Member Join Date: Jul 2010 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Our Gilford Taxes up 6.1% last year will not be long until we are forced to move!! Our Gilford Taxes up 6.1% last year will not be long until we are forced to move!! Gilford is not for family's.

04-07-2018, 05:08 AM	#20
vmass Junior Member Join Date: Mar 2017 Posts: 12 Thanks: 3 Thanked 3 Times in 1 Post	Awesome What a great property! The listing says lot size is 2.58....that's a big lot. Unless I am missing something, I say it will be under agreement before this weekend is over.

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04-05-2018, 01:18 PM	#1
Juiced06GTO Senior Member Join Date: Aug 2017 Posts: 229 Thanks: 11 Thanked 97 Times in 55 Posts	I love hearing the history on places like this. My family has a cottage on Upper Suncook Lake in Barnstead that my grandparents built back in 1965. It is still in the family, but split between many aunts/uncles/cousins and when my father passed away back in 2012 at 53, I kind of lost the desire to go back there as it was usually the two of us who upkept the place and had many memories there. I really wish I was in a better position to move on a place like this, but my wife and I are expecting child number 3 this July and it would probably be unwise to jump into this right now. If we were a few years down the road I would be skating accross whats left of the ice to put in an offer!!

04-05-2018, 02:40 PM	#3
LIforrelaxin Senior Member Join Date: May 2006 Location: Texas, Lake Ray Hubbard and NH, Long Island Winnipesaukee Posts: 2,970 Thanks: 1,064 Thanked 912 Times in 539 Posts	Hole in the wall takes a certain type of person to own, because it is so intimate to boaters going by. Having said that, this would really only be a weekend concern. That part of the lake is very quite during the week...I keep looking at the add for HiW and keep wondering how seriously I should let myself think about it. If it could just be 6 years from now, with both my boys through college, I think I would be all over it at the current price.... People have been talking about prices on island properties, but its properties on the lake in General that have sky rocketed since the 90's... Lots of money came out of the stockmarket in the early 2000s and found its way into more stable real-estate investments... As much as I love the lake, I am often wondering if the price of being on Winnipesaukee will ultimately drive me away and cause me to head some place more remote, like Moosehead in Maine. __________________ Life is about how much time you can spend relaxing... I do it on an island that isn't really an island.....

04-06-2018, 02:34 PM	#11
tis Senior Member Join Date: Jan 2006 Posts: 6,946 Thanks: 795 Thanked 1,493 Times in 1,040 Posts	This has worried me for a long time- That these towns will keep spending and therefore people on the lake will get sick of paying the high taxes. This is especially true if you only use your house or camp for a couple of months out of the year.

04-06-2018, 04:39 PM	#16
tis Senior Member Join Date: Jan 2006 Posts: 6,946 Thanks: 795 Thanked 1,493 Times in 1,040 Posts	Your are right Doobs. $6 of the total tax rate of $21 is town and county in Londonderry. They rest is for schools.

04-07-2018, 07:23 AM	#21
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 244 Thanked 1,942 Times in 802 Posts	I doubt somebody is going to buy it sight unseen and there is no way to get out there and "show" it which is a rather dubious tactic by the listing agent who SHOULD know better as it's not supposed to be listed if it cannot be shown. The last time this place sold it sat on the market for a while.