Vol.41, No.14
www.thewarrengroup.com
W E E K O F M O N D A Y, A P R I L 8 , 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
LEGALIZED LEASES
Risks and Rewards Abound in Marijuana Legalization
Nashua 90 NORTHWEST BLVD. . . . . . . . . . . . . . . . . . . . . . . . . $4,929,333 B: YMCA Of Greater Nashua S: Land M Mgmt Co LLC Mtg: Bar Harbor Bk & Tr $1 Use: Health Spa, Lot: 377927sf
Seabrook
If Legislature Backs Bills, Landlords Could Face New Issues
OCEAN DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,800,000 B: Matthew T Carroll & Rebecca D Carroll S: David L Desrosiers Tr, Tr for Carolyn H Desrosiers RET
BY DIANE MCLAUGHLIN
Bedford
SPECIAL TO THE REGISTRY REVIEW
moking policies are just one of the topics landlords will need to consider as a bill legalizing recreational marijuana continues to move through the New Hampshire Legislature. The New Hampshire House of Representatives voted 209-147 in February in favor of House Bill 481. The bill would allow adults age 21 and older to use marijuana and grow cannabis plants at home. The bill would also legalize retail marijuana shops and other cannabis establishments. The House Ways and Means Committee approved an amended version of the bill on March 27, and as of this writing, the full House was scheduled to consider the new version on April 4, the final day to move bills to the Senate for the 2019 session. For the bill’s sponsor, Rep. Renny Cushing, D-Hampton, legalizing marijuana would treat it like other regulated business activities and create a system for licensing, testing and collecting tax revenues. “In the past year, particularly with the opening of stores in Massachusetts, I think there’s an acceptance in New Hampshire that the days of prohibition of adult-use marijuana are coming to an end,” Cushing said. Cushing expects support for the bill to grow, but it does not yet have enough votes to override a potential veto. Republican Gov. Chris Su-
Greenland WINNICUT RD L:8. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,195,000 B: Barry J Schiffman Tr, Tr for Barry J&W Schiffman LT S: Elizabeth A Hewson Tr, Tr for Elizabeth A Hewson RET
Dover BACK RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $880,000 B: 1 Home Builders 2 LLC S: Daniel W Ayer Tr, Tr for Daniel W Ayer RET Mtg: Bank of New England $1,237,500
Gilford 50 MARJORIES WALK. . . . . . . . . . . . . . . . . . . . . . . . . . . $797,000 B: Brian B Heapps & Amy J Heapps S: Kevin Boreen & Catherine Boreen Mtg: Bank of England Mtg $637,600 Use: Farm And Forest Use, Lot: 510959sf
Wolfeboro 33 SKY LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $745,000 B: Landon M Lavore & Sarah Lavore S: Arash R Ahmadi & Michelle A Nai Mtg: United Wholesale Mtg $670,500 Use: 4 Bdrm Cape Cod, Lot: 209088sf
Alton 269 POWDER MILL RD. . . . . . . . . . . . . . . . . . . . . . . . . . $720,000 B: Pascal Perrotey S: Rae P Trafton Tr, Tr for Lipshultz FT Mtg: Mortgage Networks Inc $564,000 Use: 4 Bdrm Cape Cod, Lot: 679536sf
Bedford 84 ROSEWELL RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $720,000 B: Mark J Aquilino & Alyssa M Aquilino S: Donald R Byrne Tr, Tr for Donald R Byrne RET Mtg: Residential Mtg Svcs $576,000 Use: 5 Bdrm Colonial, Lot: 163786sf
$800 800
INDEX REAL ESTATE RECORDS TRANSACTIONS THRU
Smoking, Home-Growing Pose Challenges When Massachusetts legalized recreational marijuana in 2016, tenants thought they could
use the drug in their apartments, not realizing a building’s no-smoking policy included marijuana. “Immediately after passage, we did have an uptick in complaints about the sudden weed smell in units,” said Doug Quattrochi, executive director of trade association MassLandlords.
TO OUR READERS
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nunu has said he opposes legalizing recreational marijuana. Cushing said he was optimistic that Sununu would read and consider the full bill before deciding whether to sign or veto it.
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Residential landlords will face a thicket of new issues through which they’ll have to find a path, from tenants who want to smoke marijuana in their units through ones who want to grow it.
Volume of Mortgages for Single-Family Homes
7 BARBARAS WAY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $699,933 B: Mark R Muscato & Lynne R Muscato S: Copley Properties LLC Mtg: Santander Bank NA $559,920 Use: Accessory Land Improved, Lot: 44431sf
3 Belknap ����������������������������� 3/26/19 3 Carroll ����������������������������� 3/26/19 4 Cheshire ������������������������� 3/26/19 4 Coos ��������������������������������� 3/26/19 4 Grafton ����������������������������� 3/26/19 5 Hillsborough ������������������� 3/26/19 6 Merrimack ����������������������� 3/26/19 7 Rockingham ������������������� 3/26/19 8 Strafford ������������������������� 3/26/19 9 Sullivan ��������������������������� 3/26/19 9 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
– State Rep. Renny Cushing, D-Hampton, sponsor of HB 481
New Hampshire Market Statistics
Stratham
PG COUNTY
“In the past year, particularly with the opening of stores in Massachusetts, I think there’s an acceptance in New Hampshire that the days of prohibition of adult-use marijuana are coming to an end.”
S
9 KNOLL CREST DR. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,350,000 B: Jean M Mcmanus S: Paul Hanna Mtg: Wells Fargo Bank $1,080,000 Use: 3 Bdrm Cape Cod, Lot: 73616sf
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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Sincerely, Cassidy Norton Associate Publisher The Warren Group