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288 Island Pond Road, Derry, NH, 03038 | $524,000
The classic New England charm of an old school house meets thoughtful modern updates. Set on a picturesque lot in East Derry, this beautifully improved Cape offers the perfect blend of character, comfort, and peace of mind. Inside, you'll find hardwood floors throughout, a remodeled kitchen, updated bathrooms, and a flexible floor plan. The inviting living room is anchored by a high-efficiency wood stove installed in 2024, creating a warm and welcoming gathering space. Major improvements include Renewal by Andersen windows, new vinyl siding, new roof, and new oil tank. Outside, enjoy the freshly paved large driveway and walkway, welcoming front porch, and spacious yard with room to relax, garden, or entertain. The detached garage/workshop has also been extensively updated with new garage doors, windows, siding, and propane heat, offering outstanding flexibility for hobbies, storage, or workspace. The property has previously supported a legal business use, with buyers encouraged to verify future use requirements with the Town of Derry. Conveniently located near Island Pond recreation, shopping, dining, commuter routes, and local amenities, this move-in ready home combines timeless appeal with an impressive list of upgrades that are hard to find.
Features
- Rooms: 8
- Bedrooms: 2
- Baths: 1 three-quarter / 2 half
- Style: Cape
- Year Built: 1935
- Garage: 1-car Garage
- Heating: Propane,Oil,Baseboard,Wood Stove
- Cooling: None
- Basement: Dirt Floor,Interior Stairs,Unfinished
- Approx Sq. Feet: 1,502
- Acreage: 0.95
- Est. Taxes: $6,846
- Lot Desc: Country Setting,Level,Open
- High School: Pinkerton Academy
- MLS#: 5098484
- Website: https://www.raveis.com
/prop/5098484/288islandpondroad_derry_nh?source=qrflyer
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 7/8/2026Listing courtesy of Keller Williams Realty Evolution Phone: 978-927-8700
Listing Agent: Davis McVay
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
288 Island Pond Road, Derry, NH, 03038
$524,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $419,200 | $419,200 | $419,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $571 | $571 | $571 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,511 | $2,647 | $3,481 |
| Total Monthly Payment | $3,173 | $3,309 | $4,143 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB