13 Acres, frontage on both Ossipee Lake and the Bearcamp River!

This lot has SOLD!

If you are looking for that unique piece of land with ultimate privacy, look no further!

First of all, is a little history on this lot. Maxwell Foster donated the surrounding acreage to The New England Forestry Foundation (http://www.newenglandforestry.org) in 1977.  He kept the logging road down the center of the lot and acreage right in the middle with both lake and river frontage as his own private getaway.

The entrance to this lot and to the Bearcamp Woodlands, as the conservation lands are called, is at the intersection of Rt. 16 and the northern entrance to Jewell Hill Road in Ossipee. You can see the logging road running both from Route 16 and from Jewell Hill Road.  The lot itself starts about 50 feet in (there is a deeded right of way over that first 50 feet of town land).

This lot owns the 0.8 mile logging road to a width of 50 feet. It has not been used for much other than foot traffic for quite some time, so although I have had buyers drive 4WD vehicles out there, lets just say I would not take my car.  The logging road winds around and through some wetlands, and there have been deer, moose and bear sightings along the way. 

Eventually the logging road meets up with the Bearcamp River, and follows it for quite a ways. The river here, is wide with a beautiful sandy bottom, perfect for swimming! This lot owns a few hundred feet on both sides of the river. I can honestly say that I have never been on the opposite shore.  One would have to swim to get there and although I am a very hard working, dedicated real estate broker, this might not happen until the water warms up a bit! There is 3 acres on the other side of the Bearcamp River, and the town has it listed as an island as the river apparently runs on both sides of it at least part of the year.  Years ago there was a small cabin at the river`s edge, and you can still see the foundation where it used to stand.

Just past the river frontage, path leads onward to 50 feet of Ossipee Lake frontage. The lake here is marshy, so the river frontage might be better suited for a dock. Your river frontage is just around the corner from it`s entrance into Ossipee Lake.

Although this property will not support a traditional septic system, it would made an amazing family camping spot for generations to come, or they may be some septic alternatives available. You will never have a neighbor on this lot!

For more information on this wonderful lot, please call or email Michelle at The Red House Realty Group!

Quick Stats:
MLS # 2765252
Asking Price: $79,000
Total Acreage: 13.20 acres
Frontage on both the Bearcamp River and Ossipee Lake

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595 Maple Grove Road, Madison NH

Buying Land, New Hampshire Style

You’ve finally found it! The perfect piece of land in New Hampshire; quiet neighborhood, gigantic old hardwoods, bounded by stonewalls and a babbling brook. You’ve walked it, you’ve imagined yourself relaxing on the front porch, admiring the fiery sunset behind your mountain view. Is it time to make an offer? Not quite; there are a few things you need to consider before doing so.

ZONING: The listing agent should have this information available to you. If you are planning on using the land for anything out of the ordinary such as run a home business, or if you plan to build a mobile home, speak directly to the zoning officer of the town. They are there to answer your questions, and are the ultimate authority on the issue…so use them!

DEED RESTRICTIONS: Deed restrictions can encompass just about anything. Common restrictions are ‘no livestock,’ ‘no temporary structures,’ or a minimum square footage or style of home. Your NH buyer agent will help you read through the deed and will discuss the restrictions with you. If there are any questions or grey areas, be sure to consult a lawyer.

UTILITIES: Water, sewer, electricity, telephone and cable all need to be considered. More often than not electric, phone and cable lines are at the street, but make sure! Bringing poles and lines into your lot can be very expensive. If you are close to town, you may be on town water and sewer. Find out about the hook-up fees and requirements. If the lot is not on town water and sewer, you’ll need a well and a septic. Talk to well experts in the area. There is no way of knowing exactly how deep you’ll need to go until you actually start drilling, but an area expert will be able to give you his professional opinion. Regarding the sewer, if a perc test has not been done, make sure that a satisfactory one is a condition of your offer. The results of the perc test will tell you if the lot will support a satisfactory septic system.

TOPOGRAPHY: New Hampshire land, in all of its rugged glory, can be difficult to work. Lots of local land is very ‘bony’, riddled with boulders hiding just beneath the surface. Also keep in mind that although the winding 250 foot driveway may be beautiful, it can also add quite a bit to your construction costs!

Being able to see yourself living there is, of course, the most important factor in choosing a piece of land. Just be sure you don’t overlook these very important items. Your buyer’s agent will be able to advise you on these common issues, answer any questions you may have, and point you in the direction of the necessary professionals.

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2009 Home Buyer Tax Credit

Ok, so we all know that the House, the Senate, and President Obama actually worked together fairly quickly and have officially approved the` American Recovery and Reinvestment Act of 2009.` Included in this Act is an $8,000 tax credit. What does this mean for potential home buyers?

Here are the answers to some frequently asked questions:

Do I qualify?

Most importantly, you must be a first time homebuyer. You are a first time homebuyer if you have not owned home in THREE YEARS. The home you are purchasing must be in the United States and you must close on the home between January 1, 2009 and December 1, 2009. Construction of your first home qualifies as well, as long as you move in within this time frame.

There are income limitations, as well. Single folks can have up to $75,000 in taxable income, and married folks up to $150,000. Over that, the credit is phased out, completely gone at $95,000 if you are single and $170,000 if you are married.

How is the tax credit calculated?

The tax credit equals 10% of the purchase price for homes up to $80,000, and a flat $8,000 credit for homes purchased for more than $80,000. For example, if you buy a home for $62,000, you will receive a tax credit of $6,200.

What do I get? When do I get it?

You get $8,000 (or, of course, 10% of the purchase price, whichever is less)! You can either claim it on your 2008 tax return, your 2008 amended tax return, or your 2009 taxes. It is a pure credit – if you owed $8,000 in taxes, you now owe $0. If you are owed a $1,000 refund on your taxes, you will now get a $9,000 refund!

How does this differ from the 2008 tax credit?

The biggest difference is the fact that this credit does not have to be repaid. The 2008 tax credit needed to be repaid in $500 increments over 15 years. Not a bad deal, of course, but no repayment is definitely better! The income guidelines have stayed the same.

This sounds too good to be true… are there any hidden loopholes?

A few things to keep in mind… If you sell your home within the first three years, the credit must be repaid. This is to keep investors from taking advantage of this credit to flip properties. The repayment can be avoided if the sale is because of death, divorce, or natural disaster. Also, if you are buying your home from your mom or your sister, you do not get the tax credit. No family transactions allowed!

For more information, check out www.federalhousingtaxcredit.com or contact The Red House Realty Group with any questions!

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