Another big parcel for sale
 

Camp Menotomy on Meredith Neck just hit the market. 95 acres and over 4500 feet of frontage. It will be a shame to see this developed.

Hopefully it won’t end up similar to what is being proposed in West Alton up on the hill.

Do you have a link for the listing? I can't seem to find easily.

...... Menotomy State Park
 

95 acres, 4500' frontage on Lake Winnipesaukee way down Meredith Neck opposite Bear Island, price; twenty million dollars: Could be a nice spot for the State of New Hampshire to buy it and create a Menotomy State Park with a swimming beach and paddle boat area, camp ground for tents and walking trails.

It will get gobbled up, and McMansions with rolling green lawns will appear, and the folks on Bear Island will look out on another eyesore. Money always wins.

Very sad--it brought joy to hundreds (thousands?) of kids every year

So, 200 new million dollar homes will give a big boost to the Meredith tax base. It will be fun to watch the spenders fight for that money while others will want to cut the tax rate.

This would be a nice parcel for the Meredith Conservation Commission to own.

I believe "million dollar" homes means only one million since no "s", making it plural. They'll be worth more than the singular million.

And along with this goes more stress on a fragile infrastructure that can't handle the current mid-summer stress.

Since it is assessed for $10.4M, any sale at or near the listed value will most likely drive Meredith assessments crazy for waterfront parcels.

The valuation is:

$20,000,000/4515 feet frontage = $4430/frontage foot
or
$20,000,000/95.38 acres = $209,687/acre

Both of which seem fairly reasonable given other sales in the area and probably which will drive also drive a quick sale.

From the towns perspective - I'm betting they are happy to get this parcel back on the tax rolls in any form or fashion - can anyone calculate the property tax on just the land forget improvements for now.

were's John Mercier he knows everything hello John were all anxiously waiting.

About $103,000 at the assessed value of $10.4

But Tummyman is right. A sale at double the assessment is going to change everything... really just a matter of timing.

I expect most of the land is in "current use" so upon taking parcels out of current use, the town will get a substantial bonus in "land use change tax". Of course a developer could phase that, but the spenders will be developing plans for a new senior center with indoor/outdoor pools, twice the size of the Hub in Moultonborough.

Saving some waterfront for community use, you could still build, say, 40 waterfront homes. That assesses out for $100MM, plus whatever for another 160 homes in the woods at $500K each, is another $80MM in tax base.

Does Meredith have shorefrontage vs inland development zoning restrictions similar to Gilford where you need 150' of shorefront per residence? How many feet/far back does that go?

Well, its pending... so we should see some details emerge soon enough.

One Day?
 

The price to me seems low and now it's listed as pending after ONE DAY?

No waiting for other offers? No seeing if what can only be described as a unique and rare parcel would fetch more? It seems to me that the buyer was already selected long ago and the price agreed upon as well. Time will tell.

Listed for about 17 hours.
The landowner was approached.

Approached
 

Interesting - so what's the reason/philosophy for officially listing the property on the MLS? Could have just been a private sale, no?

According to the listing agent proposals were already being evaluated by the trustees prior to listing on mls.

And they say we have a lousy economy, LOL? :laugh:

The economy is too hot.

Which is why the younger adults are leaving businesses like ours, and us older employees are looking at retiring.

I keep tossing it around in my head to leave later this spring.
I have more than I will spend in my lifetime; but I was raised to always work by my grandparents.

"Live fast, die young, leave a good looking corpse." --- Willard Motley

have more?
 

From John Mercier; "I have more than I will spend in my lifetime."
I have some ideas ---I could help you spend.

I just question putting myself through angst for something to keep me busy and productive.

I was hoping LRCT would be able and negotiate something, but too late apparently...

Is it ice-in or ice-out, this in-between thing makes getting to/fro the island a problem!! -PIG

....... Camp Menotomy ..... then and now?
 

From August 2, 2013 ..... https://www.wickedlocal.com/story/he...p/40328558007/ ...... a local newspaper report on the Girl Scouts of Eastern Massachusetts which owns Camp Menotomy, Meredith NH when it decided to sell 12-acre Camp Paradise site in Beverly, Massachusetts.

The summer of 2000 or so was the last year when Camp Menotomy was a summer camp with an eight week long session. Apparently there was no smoking allowed by their camp counselors, and I recall driving past the entrance and occasionally there would be 20-yr old women sitting on the old stone wall, across the Meredith Neck Rd from the entrance, puffing on a cigarette who I assumed were camp counselors.

We have officially had Ice-In. Emerson declared that a little while ago.
Ice-Out is up to the various ports melting.

Which is easier to see since the ports don't require a fly over.

Yes John… we know.

For what it’s worth the broads are open again. Certainly not ice out, but not an ice-in situation now either.

It will close again.

How things change (or don't)
 

In 1965 my grandfather chose island waterfront as he could afford the 35 dollars a shore frontage foot for a 1/2 acre lot. Mainland lots were 110 dollars a shore front foot for a similar sized lot. The real difference is that he was a semi retired school district janitor who was a careful saver. I dont think we will ever see that again careful saver or not.

Looks like it might already have an offer. Status on Zillow says "pending..."

It went under agreement almost immediately, I am sure the deal was already done but it had to be listed as a formality.

There oughta be a law...

This frosts my cookies: I recall seeing a house I liked get listed with a sign pounded in the yard.

Within and hour of being listed I called the realtor and was informed it was sold.

Huh?

I offered to pay more than the asking price and was ignored.

Sweetheart deals...bah.

I went to an open house of a lake front home a few months ago. It was listed on MLS on a Wednesday and the open house was Saturday. When I got to the open house the agent said it was under agreement but they were taking back up offers. :rolleye1:

It isn't just lakefront.

And double - or near double - the recent assessments seems to be the norm.

The peak birthrate was in 1959, so a lot of people are reaching the magic Medicare age when they can retire away from the big cities that they focused their careers around.

Not this situation BUT
 

I recall in the housing crash that we were actually looking for a little larger home. We saw an open house sign pop up out of nowhere a few blocks over from where we were and immediately went over to the event.

Long story short > the realtor pretty much told us that this was a foreclosure and the open house was just for show to prove to the bank that they were trying to get the best price/recovery $$ for the bank. aka - the home was already earmarked for someone > our guess was someone the realtor knew.

Saw it immediately go to pending and whoever got it - did so at a steal.

Certainly not what's going on here but your stories reminded me of an experience I had with some "funny business" years ago.

In that case the realtor would have violated fiduciary responsibility, and if caught... could have gone to prison for theft by fraud against the bank.

In this case - though I am hearing it third party - the trustees were approached with an offer just over assessment; but did their fiduciary responsibility by placing it on the market.

The party that originally posted upped their bid, and supposedly some other bids were tended. Which is prudent to have back up in a world were financing is not always assured.

Don't doubt that realtors with listings will do things to make sure their buyer gets the deal, ensuring that they get both side of the commission.

Sometimes that involves giving their buyer inside information about what the seller will accept or telling a buyer what the other offers are that the buyer will need to beat.

Not unusual for it to be "gone" already.

My family sold our lake house 2 years ago. We did have an open house, and winning bidder paid 20K over the highest bid!

Since the seller is actually paying the realtor(s), propagating a lower price would result in theft by fraud...

As for letting buyers know what price they would need to beat... not really an issue as the current owner wants the higher price. Which is also in the interest of the realtor(s) being paid by the seller on both sides.