Vol.41, No.32
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W E E K O F M O N D A Y, A U G U S T 1 2 , 2 0 1 9
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
PROTECTION REPROGRAMMED
Hooksett 11 KIMBALL DR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,700,000 B: Kyung An & Nam Y An S: James M Palmisano Tr, Tr for James M Palmisano 1996 T Mtg: Bank of New England $1,400,000 Use: Shopping Ctr/mall, Lot: 287496sf
Meredith 84 WAGON WHEEL TRL. . . . . . . . . . . . . . . . . . . . . . . . $2,300,000 B: Gregory L Dewitt Tr, Tr for Gregory L Dewitt 2008 FT S: John F Quinlan & Ann M Quinlan Mtg: Citizens Bank of RI $1,300,000 Use: 7 Bdrm Conventional, Lot: 31799sf
Hampton Falls 5 CIDER HILL RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,430,000 B: David P Whitley & Laurie B Whitley S: Thomas P Colacchio & Kimberly P Colacchio Mtg: Luxury Mtg Corp $1,144,000 Use: 4 Bdrm Colonial, Lot: 99752sf
Rye 0 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,305,000 B: Equine Properties LLC S: Joseph Goss Mtg: Joseph W Goss $1,295,000
Moultonboro 312 REDDING LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,300,000 B: Michael A Bass Tr, Tr for Glass FT S: Kenneth K Tanabe & Michele A Gadd
Dover 37 FOSTERS DR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,225,000 B: Christine A Estes Tr, Tr for P T Decolfmacker RET S: Christine A Estes Mtg: First Seacoast Bank $600,000 Use: 6 Bdrm Customdesign, Lot: 206039sf
Laconia 246-250 PAUGUS PARK RD U:1 . . . . . . . . . . . . . . . . . $1,200,000 B: TJ Charlotte LLC S: Timothy James Use: Condo
Windham 8 BENNINGTON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,080,000 B: Matthieu A Charbonneau & Lianne Charbonneau S: Dianna D Craven & Robert U Craven Mtg: Bank of America NA $864,000 Use: 4 Bdrm Colonial, Lot: 125017sf
Moultonboro 79 JEREMIAH SMITH RD . . . . . . . . . . . . . . . . . . . . . . $1,050,000 B: Kerry A Soroka & Robert A Soroka S: Alix M Godbout Tr, Tr for Alix M Godbout RET Mtg: Northway Bank $725,000 Use: 3 Bdrm Cape Cod, Lot: 22651sf
Coastal Mansions May Become Eligible for Disaster Aid Federal Program Could Allow Lower-Cost Flood Insurance BY DAVE COLLINS ASSOCIATED PRESS
A
proposed massive overhaul of the federal government’s disaster aid system to correct mapping mistakes and other errors would lift the prohibition on aid for more than 900 structures along the East Coast from New Hampshire to Virginia. That would allow the owners to buy lower-cost flood insurance backed by the federal government and potentially benefit from millions of dollars in other federal aid to fix infrastructure including roads and bridges. The proposed changes, expected to go before Congress for approval next year, are drawing criticism from watchdog groups that say making so many more properties eligible for federal aid would stress already strained disaster relief programs and is a step in the wrong direction at a time when scientists expect stronger and more frequent storms because of climate change. “I’m concerned about federal subsidies going to people who, quite frankly, don’t need it,” said Steve Ellis, vice president of Taxpayers for Common Sense, a Washington, D.C.-based group that describes itself as a nonpartisan government spending watchdog. “The idea was you can develop in these areas but don’t expect any support from the federal government. You want to build, it’s on your dime.” The National Flood Insurance Program is already more than $20 billion in debt and it
Officials with the Fish & Wildlife Service said the properties on which the structures in question were built were mistakenly included in the national Coastal Barrier Resources System, which was created in 1982.
Some Buildings In, Some Out The Coastal Barrier Resources System – which now includes 3.5 million along the Gulf
4,000 4000 3,500 3500 3,000 3000 2,500 2500 2,000 2000 1,500 1500 1,000 1000 500 500 00
INDEX REAL ESTATE RECORDS TRANSACTIONS THRU
8000
T
Both
7000
Refinance
6000
Purchase
5000 4000 3000 2000 1000
Dec. Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec.
Jun. July Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June June ’18
’19
4000 4,000 6000
BothMonth
Both
5000
Purchase
3200 3,200
Refinance
3000 2000 1000
2400 2,400 0
Purchase
Refinance
Both
Refinance
4000
Jan. 15
Jan. 16
Jan. 17
Jan. 18
1600 1,600 800 800
00
June 15 June June June16 June June17 June June18 June June19
’15
’16
’17
June 2015
1,439
2,149
3,588
June 2016
1,367
2,107
3,474
June 2017
1,690
2,022
3,712
June 2018
1,561
1,621
3,182
June 2019
1,471
1,822
3,293
Purchase
Jan. 19
’18
Continued on Page 16
TO OUR READERS
Number of Mortgages for Single-Family Homes
788 LACONIA RD U:1 . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 B: 788 Laconia LLC S: Grand Coast Capital Fund & 788 Laconia Rd Motel LLC Use: Non-residential Condo, Lot: 353707sf
3 Belknap ���������������������������� 07/30/19 4 Carroll ���������������������������� 07/30/19 4 Cheshire ������������������������ 07/30/19 5 Coos �������������������������������� 07/30/19 5 Grafton ���������������������������� 07/30/19 6 Hillsborough ������������������ 07/30/19 8 Merrimack ���������������������� 07/30/19 9 Rockingham ������������������ 07/30/19 12 Strafford ������������������������ 07/30/19 12 Sullivan �������������������������� 07/30/19 13 Bankruptcies 13 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
could be drained of hundreds of millions of dollars more by the mapping changes. The federal government also could be on the hook for millions of dollars more in disaster aid payouts through the Federal Emergency Management Agency to fix storm damage to infrastructure. The proposal, however, has garnered support from several environmental groups because it would also add 277,000 acres into the protection system.
New Hampshire Market Statistics
Tilton
PG COUNTY
The federal government is permitting the owners of some expensive seaside properties to buy lower-cost flood insurance as the threat of catastrophic storms increases.
’19
❑ Statistics based on single-family home sales ❑ Source: The Warren Group
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he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at Both www.theregistryreview.com. (There are no plans to cease publication of the Refinance newspaper.) All current subscribers Purchase have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group