4 Kilrea Road, Derry, NH, 03038 | $339,900

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

Features

  • Rooms: 5
  • Bedrooms: 2
  • Baths: 1 full
  • Style: Bungalow
  • Year Built: 1810
  • Garage: 1-car Garage
  • Heating: Propane,Oil,Baseboard
  • Cooling: None
  • Basement: Concrete,Full,Interior Stairs
  • Approx Sq. Feet: 900
  • Acreage: 0.75
  • Lot Desc: Corner,Country Setting
  • Elem. School: South Range Elem School
  • Middle School: West Running Brook Middle Sch
  • High School: Pinkerton Academy
  • School District: Derry School District SAU #10
  • MLS#: 5083543
  • Website: https://www.raveis.com
    /prop/5083543/4kilrearoad_derry_nh?source=qrflyer
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Listing courtesy of Coldwell Banker Realty Bedford NH   Phone: 603-471-0777
Listing Agent: Diana Lagasse

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NMLS Mortgage Loan Originator ID 81725

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Frank.Kolb@raveis.com

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4 Kilrea Road, Derry, NH, 03038

$339,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
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.