21-41 FOWNES MILL Court, Rochester, NH

Price: $385,000 Status: Active
Taxes: Lot Size 5.25

Comments:

Fownes Mill Condominiums is a three-phase project located on a 5.59± acre parcel in downtown Rochester, with roughly 1,000 feet of frontage on the Cocheco River. The project consists of 3 major phases. Phase I has been completed and sold off. This offering is for Phase II, which consists of eleven (11) 1,300± SF townhouse units to be built - each with a one car garage under and room for another car in the driveway. This Phase is to be built in two separate buildings situated between Gagne Street and the Cocheco River. The foundations and slabs for the 2 buildings have been poured, but no further construction activity has taken place. The project is served by public water and sewer. The initial approvals for the project were obtained in 2006, and the early focus was on getting Phase I built and sold. Appropriate condominium documents and plans have been recorded in the Strafford County Registry of Deeds, with amendments as needed as units have been completed and sold. Under the By-Laws, separate sub-associations have been created for each phase. Additional condo documentation will be required for Phase II. This is very attractive offering for an investor or developer looking for a signature waterfront property with the expansion potential of Phase III, which consists of 80 age restricted (55+) garden style units to be built in a single 4-story mill style building.

Listed by Jamieson Duston of Bean Group / Portsmouth.

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Property Features

Property Information

MLS # 
4692350 
Lot Size (Acres) 
5.25 
Road Frontage 
TBD 
Flood Zone 
Unknown 
MLS Zone 
R2 
Water Body 
 
Water Frontage 
 
Subdivision 
 
School District 
 

Additional Features

List Date 
5/12/2018 
Lot 
20 
Lot Desc 
City Lot, Water View, Waterfront 
Easements 
Yes 
Flood Zone 
Unknown 
Property Type 
Land 
Road Frontage 
TBD 
Roads 
Public 
Sewer 
Public Sewer On-Site 
Type 
Land 
Water 
Public Water - On-Site 
Water Access Desc 
Not Available 
Waterbody Name 
Not Available 
Water Frontage 
Not Available 

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Copyright ©2018 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers who may be interested in purchasing. Data last updated 8/16/2018 5:02:01 AM