80 Homestead Road, Alstead, NH - 3BR, 900 sq ft - $139,800

80 Homestead Road, Alstead, NH

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Price: $139,800 Status: Active
Taxes: $1,788 Lot Size 1.8
Type: Single Family Sq. Ft 900
Bedrooms: 3 Total Baths: 1

Opportunity is knocking. Open concept home in need of some repair. Privately set on a hill with lots of glass to let in the natural light. Wrap around deck to take in the nature. New State approved 3 bedroom septic design comes with this offering. Drilled well and metal roof. Ideal situation for an FHA 203K renovation loan. Cash works too! Foundation is insulated on inside with 200 amp electrical service. This property is a prime candidate for a HUD 203K loan and we have an experienced lender (with lots of 203K loans successfully completed in NH) ready to make this a reality for you. As an example: AS-IS value: $150, 000 needed repairs: $100,000, final appraised value: $250,000 (determined at start of loan) loan amount: $275, 000 (this means that FHA will lend you $275,000 upfront, which will allow you to complete the $100,000 in repairs and have $25,000 left over for contingencies, temporary housing while house is under repair, etc.). Furthermore, if you are handy and can get these repairs completed for $70,000, you can pocket the additional $30,000 as well. And if you have extra cash left over after the repairs are completed, you can either keep it or simply pre-pay the loan balance. Either way a WIN-WIN

Listed by Hugh Durack of Coldwell Banker LIFESTYLES - Concord.

Property Features

Property Information

MLS # 
4916314 
Year Built 
1965 
Lot Size (Acres) 
1.8 
Road Frontage 
Yes 
School District 
Fall Mountain Reg SD SAU #60 
Total Rooms 
Bedrooms 
Full Baths 
Half Baths 
Seasonal 
No 
Water Service 
Drilled Well 
Water Body 
 
Water Frontage 
 

Additional Features

Basement 
Yes 
Date Listed 
6/18/2022 
Driveway 
Dirt 
Electric 
200 Amp, Circuit Breaker(s) 
Foundation 
Block 
Garage/Parking 
No 
Heat/Fuel 
Electric, Wood 
Heating 
Electric, Stove - Wood 
House Color 
Brown 
Lot Description 
Sloping 
Roof 
Metal 
Seasonal 
No 
Sewer 
500 Gallon, Drywell 
Water Service 
Drilled Well 
Water Heater 
Electric 
Year Built 
1965 

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