Vol.42, No.45
www.thewarrengroup.com
W E E K O F M O N D A Y, N O V E M B E R 9 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
HARMONIZING DEMAND
Can Cottages Offer Housing Crisis Solution?
Londonderry 15 PILLSBURY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,500,000 B: Baldwin Senior Living S: Pillsbury Rlty Dev LLC
Dover Developers Hope to House Young Workers
Moultonboro 100 BARTLET LANDING RD . . . . . . . . . . . . . . . . . . . . $2,900,000 B: S Kelly Greenwald Tr, Tr for S Kelly I Greenwald RET S: Carol A Kreick Tr, Tr for John R Kreick RET
BY KEITH LORIA SPECIAL TO THE REGISTRY REVIEW
Seabrook
Bedford 134 NASHUA RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,540,000 B: Erik W Bourget & Sarah Bourget S: Shawn P Oconnor
An Old Idea, Updated
Tuftonboro 420 GOVERNOR WENTWORTH HWY. . . . . . . . . . . . . . $1,975,000 B: Michael Zenga & Danielle Panneton S: Edwin A Makepeace Tr, Tr for Makepeace Family RET Use: 3 Bdrm Ranch, Lot: 65340sf
Gilford 24 BROADVIEW TER. . . . . . . . . . . . . . . . . . . . . . . . . . $1,960,000 B: Anuradha Connor & Bret R Connor S: C Lindsay Hoyt Jr Tr, Tr for Elizabeth T Hoyt RET 235 DOCKHAM SHORE RD . . . . . . . . . . . . . . . . . . . . . $1,900,000 B: Kathleen Albuquerque & Matthew Albuquerque S: J Steven Burris & Victoria Burris
Rye 1178 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,850,000 B: Bryan C Pappas Tr, Tr for Bryan C Pappas LT S: John M Fleming Tr, Tr for John M Fleming RET
Portsmouth 69 NEW CASTLE AVE . . . . . . . . . . . . . . . . . . . . . . . . . $1,850,000 B: Eric W Blanchard & Jennifer L Smith S: Aaron J Grueter & Jill A Sullivan-Grueter Mtg: Citibank Na $1,642,317 Use: 5 Bdrm Colonial, Lot: 4792sf
“This idea of pocket neighborhoods or clusters is actually really old, pre-World War II, and it has been very successful out West,” Margaret Randolph said. “Each house would have a porch that face these common greens, so we are trying to increase the sense of community.”
Newbury 4 MALIA TER. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,472,000 B: Christopher Perriello & Gerald Perriello S: Michael E Gobes Use: 1-Family, Lot: 136778sf
Lincoln 172 S PEAK RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,450,000 B: Mark S Ferreira S: Alanna J Shone Tr, Tr for Alanna J Shone RET Mtg: Envision Bank $1,087,500 Use: 5 Bdrm Contemporary, Lot: 18295sf
The city of Dover has been receptive so far, and the Randolphs are on track to finish everything needed to get done in time for a Planning Board meeting later in November to get final approval. “We already have our financing lined up, and depending on weather, we might have some initial site work this fall, but if not, we will be building in April,” John Randolph said. “Dover is about a 24-month build.” He also noted the homes would conform with U.S. Department of Housing and Urban Development’s Fair Market Rent rates for
Dover, so someone earning between $16 to $20 an hour would pay between $800 and $1,000 in monthly rent. Benjamin Frost, managing director for policy and public affairs at the New Hampshire Housing Finance Authority, noted it’s an idea that follows recent housing trends of trying to find affordable housing for younger workers, which has created a strong market for smaller units in some parts of the state. “We’re seeing the development of so-called ‘micro-apartments’ in the Seacoast and in the
Number of Mortgages for Single-Family Homes
33 SQUIER DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,360,000 B: Douglas A Brettler & Martha L Brettler S: Holly C Knox
3000
WBoth Refinance
Refinance Purchase
8,000 8000
2000
REAL ESTATE RECORDS 1000
TRANSACTIONS THRU
6,000 6000
Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec. Jan.
3 Belknap �������������������������� 10/23/20 4 Carroll ���������������������������� 10/23/20 5 Cheshire ������������������������ 10/23/20 5 Coos �������������������������������� 10/23/20 6 Grafton ���������������������������� 10/23/20 7 Hillsborough ������������������ 10/23/20 9 Merrimack ���������������������� 10/23/20 10 Rockingham ������������������ 10/23/20 13 Strafford ������������������������ 10/23/20 13 Sullivan �������������������������� 10/23/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
4,000 4000 2,000 2000
00
Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July Aug. Aug. Sept. Sept. Sept. ’19
’20
12000 12,000
6000
BothMonth
Purchase
Refinance
Both
Sept. 2016
2,364
5,705
8,069
Sept. 2017
2,394
3,501
5,895
4000 4,000
Sept. 2018
2,225
2,779
5,004
2000 2,000
Sept. 2019
2,390
4,032
6,422
Sept. 2020
3,602
7,217
10,819
Both
10000 10,000
5000 4000
Refinance
Refinance
Purchase
3000
8000 8,000
2000 1000
0
Jan. 15
Jan. 16
Jan. 17
Jan. 18
Purchase
Jan. 19
6000 6,000
00
Sept. 16 Sept. Sept. Sept.17 Sept. Sept.18 Sept. Sept.19 Sept. Sept.20
’16
’17
’18
WHO’S THE BEST? Introducing
Both
10,000 10000
INDEX 4000
Continued on Page 16
The Registry Review’s Reader Choice Awards, RR’s Best!
12,000 12000
5000
0
With a unique take on the “cluster development,” a Dover couple hopes to provide housing for young people in the same situation as many of their employees: forced to live far away from their jobs thanks to a lack of affordable housing.
NEW HAMPSHIRE MARKET STATISTICS
North Hampton
PG COUNTY
Image courtesy of GSD Studios
A
s owners of Harmony Homes Assisted Living Center in Durham, architect Margaret Randolph and her husband, developer John Randolph, have found it difficult to attract and retain young workers because of the high cost of housing on the Seacoast. “We asked our staff what they needed and over the next year, we gave out 21 percent pay raises and better benefits, but it was still hard to attract people,” said John Randolph. “The real problem was people had to live more than an hour away from the Seacoast because there was no affordable housing available.” To solve their problem, the couple came up with a plan to build The Cottages at Black River Road, 44 384-square-foot detached cottage apartments, that would let workers live nearby. Each apartment would include a kitchen/living area, bedroom and bathroom, with a loft for storage. If approved, the 7.16-acre site would consist of several clusters of cottages, with each cluster offering a central green space for community use.
6 MANCHESTER ST. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,100,000 B: Karen C Stumcke Tr, Tr for Karen C Stumcke RET S: Dean Koravos
’19
’20
❑ Statistics based on single-family home sales ❑ Source: The Warren Group
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