Vol.42, No.08
www.thewarrengroup.com
W E E K O F M O N D A Y, F E B R U A R Y 2 4 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
T O TA X O R N O T ?
Meredith
1 VUTEK PL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: SSM North LLC S: Electronics For Imaging Inc Use: Manufacturing Building, Lot: 897336sf
Bow
Portsmouth Hotel Boom Inspires Calls for Limits or Taxes
ROUTE 3A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,550,000 B: HLF South LLC S: 164C Dunklee LLC
City’s Newfound Popularity Raises Hackles Among Residents
Moultonboro
BY JAY FITZGERALD
Portsmouth
P
51 ECHO LANDING RD . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Igor Bily S: Robert P Macinnis Tr, Tr for R P Macinnis RT Use: 3 Bdrm Chalet, Lot: 30928sf
375 BANFIELD RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,200,000 B: Banfield Realty LLC S: William E Copeland & Jack Copeland
Sunapee
640 EDGEMONT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,037,533 B: Timothy J Julian & Linda L Julian S: Allisen E Heath Tr, Tr for Allisen E Heath RET Mtg: Residential Mtg Svcs $510,400 Use: 3 Bdrm Contemporary, Lot: 54885sf
Portsmouth
579 SAGAMORE AVE U:116 . . . . . . . . . . . . . . . . . . . . $1,000,000 B: Anne C Williamson Tr, Tr for A Campbell Williams RET S: Marianne I Forman Tr, Tr for Marianne I Forman RET Use: 3 Bdrm Condo
Wolfeboro
CENTER ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $950,000 B: Brewster Academy S: Haywinn LLC
Windham
30 RYAN FARM RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $914,000 B: Michael W Spolyar Tr, Tr for Spolyar FT S: Timothy J Robbins & Caitlin Robbins Mtg: Residential Mtg Svcs $510,400 Use: 5 Bdrm Colonial, Lot: 71874sf
Bedford
23 PULPIT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $839,000 B: Nathan L Doemling Tr, Tr for Doemling LT S: Strategic Contracting Co Mtg: Wells Fargo Bank $671,200 Use: Residential Developable Land, Lot: 171626sf
Greenland
7 NIBLICK LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $825,000 B: Daniel Morrison & Pamela Morrison S: Joann Ryan & Charles Ryan Mtg: Blue Water Mortgage $660,000 Use: 4 Bdrm Contemporary, Lot: 60871sf
SPECIAL TO THE REGISTRY REVIEW
ortsmouth’s tourism boom has turned into a bust for some critics. Alarmed by the proliferation of new hotels built to capture the flood of tourists now flocking to the picturesque Seacoast city, some are calling for a halt to new hotel construction – or at least a new local hotel room tax to pay for city services that they say are being strained by hundreds of thousands of overnight visitors each year to Portsmouth. “The people I represent believe there are too many hotels,” said city councilor Deaglan McEachern. “There’s not been anyone who has come up to me and said ‘We don’t have enough hotels.’” McEachern and other city officials stress they themselves are not against construction of new hotels – nor are they “anti-hotels.” They say they welcome Portsmouth’s newfound popularity among national and international travelers, prompted by recently glowing reviews of the historic city in publications such as National Geographic Traveler, Fodor’s and Thrillest. But they say the time has come to find a way to pay for city services required by hotels, such as fire and police protection, and to provide property-tax relief to local homeowners struggling to pay tax bills. And they think they have the answer in a proposed local hotel room tax that’s now being
REAL ESTATE RECORDS
500
3 Belknap �������������������������� 02/11/20 3 Carroll ���������������������������� 02/11/20 4 Cheshire ������������������������ 02/11/20 4 Coos �������������������������������� 02/11/20 4 Grafton ���������������������������� 02/11/20 5 Hillsborough ������������������ 02/11/20 6 Merrimack ���������������������� 02/11/20 7 Rockingham ������������������ 02/11/20 8 Strafford ������������������������ 02/11/20 8 Sullivan �������������������������� 02/11/20 9 Bankruptcies 9 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
The New Hampshire House has been receptive to the local room-tax idea, but Gov. Chris Sununu and many in the New Hampshire Senate have made clear their opposition to the so-
400 300 300 200 200
Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May June July Sept. Oct. Oct. Nov. Nov. Dec. Dec. Dec. May June July Aug. Aug. Sept. ’18
’19
Number 500 of Sales 500 450 450 400 500
350 350 300 300
Dec. Dec. ’14
Dec. Dec. ’15
Dec. Dec. ‘16
Dec. Dec. ’17
Dec. Dec. ’18
Dec. Dec. ’19
Continued on Page 12
TO OUR READERS
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700 700 600
TRANSACTIONS THRU
23 Hotels and 2,200 Rooms
called “pillow tax.” And, needless to say, the lodging industry also opposes the tax proposal. “We’re strongly against it,” said Mike Somers, CEO of the 800-member New Hampshire Lodging and Restaurant Association. Hotels are already paying their fair share in taxes, Sommers said, via a 9 percent state rooms-and-meals tax and via local property taxes – and another new tax isn’t needed.
Number of Condo Sales
INDEX PG COUNTY
debated at the state level in Concord. The legislation would allow local governments to impose a room tax of up to $2 per night, potentially raising millions of dollars a year for local governments across the state.
New Hampshire Market Statistics
Hooksett
1391 HOOKSETT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $795,000 B: T&N Smith LLC S: Gary Cote & Rosanne Cote Mtg: Merrimack Cnty SB NH $389,500 Use: Restaurant/bar, Lot: 39204sf
Portsmouth’s picturesque downtown draws tens of thousands of tourists annually, and developers and investors looking to cater to them.
Year
Number of Sales
Change Prior Year
Dec. 2014 Dec. 2015 Dec. 2016 Dec. 2017 Dec. 2018 Dec. 2019
361 393 386 457 347 439
9.06% 8.86% -1.78% 18.4% -24.07% 26.51%
q Statistics based on condominium sales over $1,000 q Source: The Warren Group
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