What am I missing with this Home for Sale on Winni?

SIKSUKR · 01-24-2018, 03:50 PM

Take a "drive" by on GE street view and you will see why. Surrounded by other buildings and right next to the busy Weirs Blvd. Probably a decent value but not for everyone.

Major · 01-24-2018, 06:36 PM

My parents owned this property from 1979 to 1986. It is the main house of the former Capri Cottages. It was owned by Bill Bagley for over 25 years. Like prior posters said, nothing wrong with the property, but you are part of a condominium with five other owners. The house is dated, but offers quite a bit of space. The docking system is pretty good too.

Descant · 01-24-2018, 11:13 PM

The ad posted says 325 feet frontage. If that's all yours, it's a fair price just for the land. But if it is split by all the condo association the value is lost. In a non-condo situation, 325 ft at this price would be a tear-down, and only on the market for 24 hours. Many motels and cottage colonies went condo in this area in the 80's. Since the operation as a motel was a family operation, perhaps there are unusual restrictions in the condo doc's regarding what you can do for property improvements.

JasonG · 01-31-2018, 06:44 PM

Thank you for the replies. Interesting, but likely will move on.

01-24-2018, 03:50 PM	#1
SIKSUKR Senior Member Join Date: Apr 2004 Posts: 5,075 Thanks: 215 Thanked 903 Times in 509 Posts	Take a "drive" by on GE street view and you will see why. Surrounded by other buildings and right next to the busy Weirs Blvd. Probably a decent value but not for everyone. __________________ SIKSUKR

01-24-2018, 06:36 PM	#2
Major Senior Member Join Date: May 2013 Location: Laconia Posts: 1,087 Thanks: 446 Thanked 1,021 Times in 427 Posts	Capri Condominiums My parents owned this property from 1979 to 1986. It is the main house of the former Capri Cottages. It was owned by Bill Bagley for over 25 years. Like prior posters said, nothing wrong with the property, but you are part of a condominium with five other owners. The house is dated, but offers quite a bit of space. The docking system is pretty good too.

01-24-2018, 11:13 PM	#3
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,404 Thanks: 1,360 Thanked 1,633 Times in 1,065 Posts	The ad posted says 325 feet frontage. If that's all yours, it's a fair price just for the land. But if it is split by all the condo association the value is lost. In a non-condo situation, 325 ft at this price would be a tear-down, and only on the market for 24 hours. Many motels and cottage colonies went condo in this area in the 80's. Since the operation as a motel was a family operation, perhaps there are unusual restrictions in the condo doc's regarding what you can do for property improvements.

01-31-2018, 06:44 PM	#4
JasonG Senior Member Join Date: May 2006 Posts: 310 Thanks: 48 Thanked 45 Times in 33 Posts	Thank you for the replies. Interesting, but likely will move on.