80 Homestead Road Alstead, NH

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Price	Down Payment	Interest Rate	Years
		%

Est. Mortgage: $/month

Federal 30-year interest rate: 6.42% last updated on 2023-03-30

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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

More Info

Parking

Parking Spaces

Building

Year Built1965
Building ConstructionWood Frame
ConstructionExisting
Property StyleContemporary, Ranch
Bedrooms3
Bathroom1
Total Baths1
3/4 Baths1
Total Rooms5
Square Feet900
APX Unfin Below Grade900
BasementCrawl Space, Partial
FoundationBlock

Other

Delayed ShowingsNo
SeasonalNo
Page568
View Count8

Basic Information

MLS Number4916314
MLS StatusActive
StatusACT
Property TypeSingle Family
List Price$132,800
Listing Agent NameHugh Durack
Broker NameColdwell Banker LIFESTYLES - Concord

Property

Acreage1.8
Lot DescriptionSloping
AreaRural
Lot12
DrivewayDirt
RoadsPaved, Public
Road Frontage220

Legal

Taxes$1,788
Tax ReductionNo
ZoningResidential
Surveyed Y/NUnknown

Location

Building Number80
StreetHomestead Road
TownAlstead
StateNH
Zip03602
CountyCheshire
DistrictFall Mountain Reg SD SAU #60
Map26
Flood Zone Y/NNo

Interior

Stories1

Exterior

Exterior ColorBrown
ExteriorT1-11
RoofMetal

Utilities

Heat FuelElectric, Wood
Heat SystemElectric, Stove - Wood
WaterDrilled Well
Water HeaterElectric
Sewer500 Gallon, Drywell
Electric200 Amp, Circuit Breaker(s)
UtilitiesDSL - Available

Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 may be interested in purchasing. Data last updated April 1, 2023 10:09 AM EDT

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