The Registry Review: Sept. 2, 2019

Page 1

Vol.41, No.35

www.thewarrengroup.com

W E E K O F M O N D A Y, S E P T E M B E R 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

ACCESSORIZING HOMES

Portsmouth 111 MAPLEWOOD AVE. . . . . . . . . . . . . . . . . . . . . . . . $9,065,000 B: 111 Maplewood Avenue LLC S: RJF Maplewood LLC Mtg: Peoples United Bank $4,650,000 Use: Office Bldg-general, Lot: 101640sf

ADUs Off to Slow Start as Housing Supply Tightens Consumer Awareness Limits Construction Opportunities BY DIANE MCLAUGHLIN

Derry

SPECIAL TO THE REGISTRY REVIEW

23 ASHLEIGH DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,516,333 B: Prime Storage Derry LLC S: Yvon Cormier North Dev LLC Mtg: Rialto Mtg Fin LLC $8,250,000 Use: Commercial Warehouse, Lot: 1020175sf

North Hampton 219 LAFAYETTE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $4,843,866 B: Prime Storage N Hampton LLC S: Yvon Cormier North Dev LLC Use: Commercial Building, Lot: 108900sf

Stratham 34 RAEDER DR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,898,000 B: Karen A Oconnell Tr, Tr for Karen A Oconnell IRT S: Joseph Gaddini & Paige Gaddini Use: 1-Family, Lot: 753152sf

Hanover 18 KING RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,599,000 B: R Shane Boatright & Alexa Boatridge S: Arunava Biswas & Christina V Angeles Use: 3 Bdrm Contemporary, Lot: 659063sf

Moultonboro 12 SLADE LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,547,533 B: Hilary Johnston Tr, Tr for Hilary Johnston T S: John J Mcsweeney Jr Tr, Tr for Mcsweeney NT

Meredith 10 WESTERN LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,375,000 B: Gregory Balestrieri & Jessica A Balestrieri S: Francis M Hanlon Tr, Tr for Hanlon FT Mtg: HarborOne Mortgage $1,100,000 Use: 3 Bdrm Salt Box, Lot: 23958sf

Seabrook 160 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,250,000 B: James L Conlon & Ann D Conlon S: Darryll Farinha Tr, Tr for Farinha FT Mtg: Methuen Cp Bk $750,000 Use: 4 Bdrm Colonial, Lot: 8610sf

Brookline

J

eff Kelley started his construction company in 2017, around the same time New Hampshire enacted a law requiring municipalities to allow accessory dwelling units in single-family homes. Kelley wanted to position his firm as the go-to source for homeowners looking to add these second dwellings to their houses. So far, he has found most people don’t even know what accessory dwelling units are. “The general public is still shocked to learn that every municipality has to allow these,” Kelley said. “Most consumers don’t even know what ADU stands for.” New Hampshire law has since June 2017 required municipalities to allow internal or attached ADUs in single-family homes. While the law was intended to help increase the state’s housing supply, especially affordable units, many homeowners have yet to learn about the options and potential benefits of adding a second unit.

State Law Sought Common Rules ADUs were allowed in the state before 2017, but inconsistent requirements from town to town created obstacles and confusion for homeowners, said George Reagan, an administrator for the Housing Awareness Program at the New Hampshire Housing Finance Authority. He said the New Hampshire Home Builders Association had noticed homeowners were looking for ways to add units to their homes.

49 OAK HILL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,160,000 B: Jodi Eddy & Bruce Eddy S: Pamela J Angus-Harrison Tr, TR for Pamela J Angus-Harrison RET Mtg: Baxter CU $860,000 Use: 2fam-5fam Residence, Lot: 1306800sf

pensive homes that have become scarce in the state. Among those who could benefit from ADUs are older adults who want to downsize while continuing to live in their communities. They could move into an ADU and rent the main house or have other family members live there. ADUs could also attract younger people who might want smaller spaces to live in.

750 750 600

REAL ESTATE RECORDS

450

TRANSACTIONS THRU

3 Belknap ���������������������������� 08/20/19 4 Carroll ���������������������������� 08/20/19 4 Cheshire ������������������������ 08/20/19 5 Coos �������������������������������� 08/20/19 5 Grafton ���������������������������� 08/20/19 6 Hillsborough ������������������ 08/20/19 9 Merrimack ���������������������� 08/20/19 10 Rockingham ������������������ 08/20/19 12 Strafford ������������������������ 08/20/19 13 Sullivan �������������������������� 08/20/19 13 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals

300 150 150 00

July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July July ’18

’19

Number 750 of Sales 750 600 600 450 450 300 300

150 150 00

July July ’14

July July ’15

July July ‘16

July July ’17

July July ’18

July July ’19

Continued on Page 16

TO OUR READERS

T

Number of Condo Sales

INDEX PG COUNTY

The law eliminated some common zoning restrictions. The owner is no longer required to live in the main building, residents in the ADU do not have to be related to the homeowner, a locked door can be installed between the main structure and the ADU and the unit can include more than one bedroom. Reagan has been visiting municipalities to help educate people about ADUs, which could increase the supply of smaller, less ex-

New Hampshire Market Statistics

Holderness 36 KAPLAN RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,150,000 B: Patrick M Morley Tr, Tr for Tara M Morley 1999 T S: Joseph S Mehalic & Barbara E Mehalic

Two years ago, the state created common rules for ADUs – detached cottages or small apartments carved out of larger homes, which are cheaper to build than ordinary houses. However, the hoped-for affordable units have been slow to materialize.

Year

Number of Sales

Change Prior Year

July 2014 July 2015 July 2016 July 2017 July 2018 July 2019

480 555 444 543 629 570

-3.61% 15.63% -20.00% 22.30% 15.84% -9.38%

q Statistics based on condominium sales over $1,000 q Source: The Warren Group

©2019 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

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 www.theregistryreview.com. (There are no plans to cease publication of the newspaper.) All current subscribers 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


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