998 West Shore Road, Bristol, NH, 03222 | $1,595,000

NEWFOUND LAKE FAMILY COMPOUND: Owned by the same family for three generations, this unique offering includes a year round home with seasonal cottage and 120 feet of privately owned frontage on the shores of Newfound Lake; across the street is a garage with 1 bedroom year round apartment above, next to that, another seasonal cottage and adjacent to that, another lot with two cottages in need of removal but they have been left to preserve the "grandfathered status" of the footprints. All this on 3 separate lots comprising . 60+/- acres all together. The view from the main house looks out over the broadest part of the lake. There is significant waterfront development including a concrete pier in the lake that could not be done by today's standards. The lot across the street provides a place for a future septic system. This property is owned as a corporation; if a buyer was interested in continuing that ownership model the seller would transfer all the shares of the corporation. It is a model that could allow for separate ownership of the buildings: sell "Shares of the corporation" . This property offers limitless possibilities and a place for your family to make memories at the lake! Property is being sold in as-is condition. The seller shall not be requested or required to make repairs as a condition of sale. Represented square footage, room count & bath count is for only main house & apt which are both year round. It does not include square footage or room & bath counts in the 2 seasonal cottages.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 2 full
  • Style: Cottage/Camp
  • Year Built: 1920
  • Garage: 1-car Garage
  • Heating: Baseboard,Electric,Gas Fireplace
  • Cooling: None
  • Approx Sq. Feet: 2,500
  • Acreage: 0.6
  • Est. Taxes: $21,111
  • Lot Desc: Lake Access,Lake Frontage,Lake View,Lakes,Mountain View,View,Water View,Waterfront,Mountain
  • Water Front: Yes
  • Elem. School: Bristol Elementary School
  • Middle School: Newfound Memorial Middle Sch
  • High School: Newfound Regional High Sch
  • School District: Newfound Sch Dst SAU 4
  • MLS#: 5090556
  • Website: https://www.raveis.com
    /eprop/5090556/998westshoreroad_bristol_nh?source=qrflyer
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Listing courtesy of Old Mill Properties REALTORS   Phone: 603-744-8526
Listing Agent: Lorna Platts Sirois

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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998 West Shore Road, Bristol, NH, 03222

$1,595,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,276,000 $1,276,000 $1,276,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $1,759 $1,759 $1,759
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,145 $7,753 $10,682
Total Monthly Payment $9,029 $9,637 $12,566

* 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.