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Old 12-22-2010, 03:12 PM   #1
fatlazyless
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Default ...the so-called "double-dip"?

So, what's a double-dip anyway? Is it two scoops of ice cream on a waffle cone like what you can get at the famous Weirs Beach Kellerhaus every Wednesday for just 1.09? Is it a sledding hill like what used to be used at the Laconia Country Club where the hill would go downhill, then level out a bit, and then go downhill again? Yeh...that sounds right except what the double-dip that's been in the news lately refers to is the selling prices for residential homes......ok!

So, anyone seen any signs of the double-dip in the lakes regions? Do all those homes for sale with 'Reduced,' or 'Newly Priced' or with 'For Sale By Owner,' or just with "For Sale" signs that have been up for two years in the same spot.......are these all the signs of the double-dip?

Where-o-where is the double-dip? Inquiring minds want to know? Has anybody seen the double-dip around these here parts in the lakes region, and will 2011 become the year of the double-dip? Most likely, no one will really know it was a double-dip until it has gone past by, and some smart real estate writer in the LaDaSun talks about it from the perspective of two years after the double-dip has past us by. Like for example.....you all just remember that 2011 double-dip of two years ago......homes were stuck at a price where no one would buy them......sellers would not go lower.....buyers would not go higher......el nothing was happening.....after all, unless a buyer is paying with cash and not a mortgage....then a house can only be worth what a bank or mortgage company is willing to loan out on its' purchase. But not to worry, now that the double-dip is past history, your home will once again go up in value.......at least up in assessed value as determined by your town anyway......so not to worry!

And, sad to say, even at the famous Kellerhaus, that double-dip ice cream that sounded so good for just 1.09 on every Wednesday......guess what......the double-dip will cost you 2.18.....you can only get a single scoop for 1.09...... even at The Kellerhaus.....but boy-o-boy is it ever good ice cream.....and they have this tall athletic young lady working there who scoops the ice cream out from the big containers down in the freezer and she has a Russian-Romanian style accent and looks like she could be Vera Zvonareva's sister, the Russian tennis player........"yes darling, how will that be?"..........too bad....no double-dip at that price but yes, a single dip and definately worth it for 1.09!

So what's the latest with the double-dip?

And oh yeah, what's the latest on 35 Leaward Shores Rd since first starting this thread back in February, about ten months ago?
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Old 12-23-2010, 12:16 AM   #2
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And oh yeah, what's the latest on 35 Leaward Shores Rd since first starting this thread back in February, about ten months ago?


Still on the market for $879,000...

http://www.nneren.com/mls_num.php?state=&id=2816327
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Old 03-26-2011, 02:26 PM   #3
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Looks like 35 Leaward Shores Rd is still up for sale and at a price of $799,000.

3 Stonedam Island Rd sold for $600,000 and had been listed since 2007 and for as much as 1.6 million. For an interesting read on some waterfront real estate bargains check out Roy Sanborn's latest real estate blog in your favorite winnipesaukee.com website. About two years ago, I went to an open house at 3 Stonedam and a very experienced realtor from Lamprey Realty who was hosting the open house very confidently told me that "this house will sell for 1.2 million dollars." It is located directly on the entrance to Sally's Gut, the first house on the gut as you enter from the north or east side of Sally's Gut.

So, how will the two bed-three bath townhouses over at www.meredithbaynh.com, on Scenic Drive overlooking the water be priced from $500-600,000 if a beautifull house like 3 Stonedam Island Rd just sold for $600,000.
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Old 07-20-2011, 08:43 PM   #4
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Still on the market for $879,000...

http://www.nneren.com/mls_num.php?state=&id=2816327
I usually state the the architect should be **** when I see a house like this one.

But my guess is that the original owners had the house built to their design.

Beauty is in the eye of the beholder. This one looks darn ugly for a house that must have cost a lot of money.
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Old 07-21-2011, 07:55 AM   #5
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Probably cannot blame an architect because it looks like the construction is pre-fab or modular which gets put together like giant lego blocks as opposed to individual pieces of lumber?

Could be that out of the $1,015,000 of assessed value (post #28), that perhaps 60-70% of that value was determined to be in the 1 acre of land with 300' of waterfront and not the two structures?
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Old 07-21-2011, 10:57 AM   #6
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Probably cannot blame an architect because it looks like the construction is pre-fab or modular which gets put together like giant lego blocks as opposed to individual pieces of lumber?

Could be that out of the $1,015,000 of assessed value (post #28), that perhaps 60-70% of that value was determined to be in the 1 acre of land with 300' of waterfront and not the two structures?
It is a prefabbed modular dropped on site. I have heard the floor plan is very odd...
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Old 07-21-2011, 10:42 PM   #7
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Friends of ours rented it for a week last summer. I'm sorry to say that the inside makes the outside look much better by comparison! I think the value of the property is the land minus the cost of a couple gallons of diesel fuel for the bulldozer.
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Old 02-26-2013, 09:15 AM   #8
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Saw a foreclosure auction notice in the newspaper for this house yesterday.......wait and see what happens to it?

.......hmmmm.....am trying to think of something intelligent to say here .... but am coming up totally empty ... so what's the long and the short on this 35 Leaward Shores Rd foreclosure sale? ..... have the property taxes been getting paid? ..... how much is the foreclosure auction reserve price? .... what bank or mortgage company now owns this property? ..... what is the projected lowest amount the seller will sell at? .... and what the H is happening here? ....questions, questions, questions ....anyone have any answers?

What are the tell-tale signs that the Moultonborough property tax/month is killing the sale of this house or is it just an ugly house with an unusual interior layout or a combination of both; high prop taxes and not-so-nice house?
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Old 02-26-2013, 12:25 PM   #9
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This one has come on and off the auction block a few times. I heard from a realtor friend that it is a train-wreck of a layout inside. Almost pre-fab quality.

Being Moultonborough, the taxes should not be that bad. Certainly better than if it was in Gilford...

JSJ has the auction listing, they typically dont disclose much until the day of the actual auction.
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Old 02-26-2013, 01:31 PM   #10
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Default Lakefront Property

Seems like prices on the lake are up and down like a yo yo these days. I remember a certain property off Tirrell Hill Rd in Gilford sold for $395K in 1998. The guy flipped the property around 2005 for 1.3 mill. Only to be foreclosed by the bank in 2008 for $700K. The bank sold the property in 2010 for $500K, a huge loss. Today, I notice the current owner is trying to flip the property for $900K.

I guess location also bring greed.
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Old 02-26-2013, 03:21 PM   #11
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I'd tear the monster down and use the little guy.
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Old 02-26-2013, 06:47 PM   #12
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Just had the unfortunate experience of following the link and looking at that house. What the heck was the owner or builder thinking! To paraphrase an old saying "I don't know what the architect got for designing that house but he should have got shot"
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