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Rich with character and quietly woven into the fabric of the community, this bungalow-style home dating back to circa 1810 is known to many longtime residents as the Kilrea Schoolhouse, established in 1854. While not formally designated as a historic property by the town, it carries a legacy all its own—one remembered through stories, waves from passersby, and the charming plaque that hangs outside as a sweet reminder of the days when children once gathered here to learn. Converted to a residential home many years ago neighbors and many alike have come to recognize this special home for its charm and character, thriving plant collections and custom yard ornaments, thoughtfully crafted by the current owner. It has long stood as a small but meaningful landmark in Derry—a true local gem cherished by many. This quaint 2-bedroom home is ready for its next chapter. In need of restoration, it presents an opportunity for someone with vision, creativity, and appreciation for history to reclaim the character and charm it once so lovingly displayed. Being sold as-is, this is an excellent chance to bring new energy and ideas and create your own place to call home. Adding to the appeal is a large heated garage/workshop with an attached greenhouse, perfect for those who wish to continue the long-standing tradition of craftsmanship, gardening, or creative pursuits. A home with a story, a soul, and endless potential—waiting for the right steward to bring back its sparkle. Shown by appointment or at the Open House on Saturday April 18th 11: 00-1: 00
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 5/1/2026Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $271,920 | $271,920 | $271,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.500% | 5.710% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,609 | $1,696 | $2,220 |
| Total Monthly Payment | $1,684 | $1,771 | $2,295 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.