Vol.41, No.29
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W E E K O F M O N D A Y, J U LY 2 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
S T I N K Y S I T U AT I O N
Hooksett
15 PRINCETON DR . . . . . . . . . . . . . . . . . . . . . . . . . . $29,600,000 B: Cwnh Granite LLC S: University Heights LP Use: Apartment Bldg - 9 + Units, Lot: 1161310sf
Milford
Housing Supply and Demand ‘Out of Balance’ in Lebanon
TOWN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $19,625,000 B: B33 Lordens Plaza LLC S: GCCFC 2006 GG7 Nashua St
Nearly 900 Proposed New Units Held Up By Sewer Upgrades
Meredith
BY JAY FITZGERALD
48 LITTLE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$4,031,333 B: Mya Meredith LLC S: Raymond L Thivierge Tr, Tr for Raymond L Thivierge RET
Portsmouth
449 COURT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,895,000 B: Mary H Pressman & Ronald R Pressman S: Deborah M Paul Tr, Tr for Deborah M Paul RET Use: 3 Bdrm Colonial, Lot: 2723sf
Claremont
74-78 PLEASANT ST. . . . . . . . . . . . . . . . . . . . . . . . . . $1,420,000 B: 74 Pleasant Street LLC S: Charles C Hajjar Tr, Tr for NH 6 RT Mtg: NBT Bank NA $1,136,000 Use: Bank Building, Lot: 34848sf
New London
WOODY POINT RD L:4-5. . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: May L Low & Martin I Sheerin S: Emily Baldwin
Moultonboro
33 HARBOURSIDE DR. . . . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: James W Kidd & Carol Kidd S: Kevin F Sullivan & Jean E Sullivan Mtg: UBS Bank USA $650,000 Use: 5 Bdrm Contemporary, Lot: 21344sf
Bedford
9 BURGUNDY TER. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,275,000 B: Meghna V Misra S: Scott E Sarro & Kyra P Kriegel-Sarro Mtg: Bank of America NA $1,147,500 Use: 4 Bdrm Conventional, Lot: 93654sf
Moultonboro
GRASSY POND RD L:7-8. . . . . . . . . . . . . . . . . . . . . . . $1,175,000 B: Peter Casey & Joelle Casey S: Charles H Green Tr, Tr for Theresa C Green 1994 T
Newmarket
26 SMITH GARRISON RD . . . . . . . . . . . . . . . . . . . . . . $1,150,000 B: John W Wetherbee Tr, Tr for John W Wetherbee LT S: Keith Y Mortensen Tr, Tr for Keith Y Mortensen RET Mtg: Peoples United Bank $690,000 Use: 2 Bdrm Cape Cod, Lot: 89298sf
SPECIAL TO THE REGISTRY REVIEW
T
he city of Lebanon is flush with four multifamily development proposals that could add nearly 900 badly needed housing units to the area, but there’s something holding three of the projects up: Lack of sewer capacity. Lebanon, which is next to Hanover – home of Dartmouth College – currently has a moratorium on most major development projects until it finishes sewer-system upgrades that are expected to vastly expand the system’s capacity to treat wastewater. If all goes well, the bulk of the sewer work should be completed by early 2020, more than doubling the system’s treatment capacity and theoretically opening the way for private developers and Dartmouth College to proceed with major multifamily housing projects in Lebanon. Shaun Mulholland, city manager in Lebanon, stressed that there’s “no guarantee” all the projects will be approved by the city, assuming the building moratorium is lifted after the sewer work is completed early next year. He noted that there are some in the city opposed to further development in general in Lebanon, a city of 13,500 residents. Still, Mulholland also noted there’s a feeling among many others that the city is in “dire need” of more housing for those working at the area’s largest employers, including
INDEX
Dartmouth College has signaled (though not officially filed) its desire to build 300 graduate-student housing units on Mount Support Road. Meanwhile, Braverman Co., run by businessman Ken Braverman, has proposed 98 new units on Mount Support Road; Saxon Partners of Massachusetts has proposed a 250-unit apartment complex; and developer Jay Campion has presented plans for a 250-
800
400
TRANSACTIONS THRU
200
3 Belknap ���������������������������� 07/09/19 3 Carroll ���������������������������� 07/09/19 4 Cheshire ������������������������ 07/09/19 4 Coos �������������������������������� 07/09/19 4 Grafton ���������������������������� 07/09/19 5 Hillsborough ������������������ 07/09/19 7 Merrimack ���������������������� 07/09/19 7 Rockingham ������������������ 07/09/19 9 Strafford ������������������������ 07/09/19 9 Sullivan �������������������������� 07/09/19 9 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
0
$800 800
T
Both Refinance
$600 600
Purchase
$400 400 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Jan Feb
$200 200 $0 0
Jun. Jul Jul. Aug Aug. Sept. Oct. Nov Nov. Dec. Dec. Jan Jan. Feb Feb. Mar Mar. Apr. Apr. May May Jun. Jun Sep Oct Jun ’18
800 $800
’19
500
Both Refinance
375
Purchase 250
600 $600
0
Feb. 14
Feb. 15
Feb. 16
Feb. 17
Feb. 18
400 $400 200 $200
$00
Month
Purchase
Refinance
Both
Both
June 2015
$351
$364
$715
June 2016 Purchase
$343
$376
$719
June 2017
$450
$320
$770
June 2018
$424
$249
$673
June 2019
$424
$325
$749
Refinance
125
Jun. 15 June
’15
Jun. 16 June
Jun. 17 June
Jun. 18 June
Jun. 19 June
’16
’17
’18
’19
Continued on Page 12
TO OUR READERS
Volume of Mortgages for Single-Family Homes 600
REAL ESTATE RECORDS PG COUNTY
Dartmouth College, Dartmouth-Hitchcock Medical Center, Hypertherm Inc. and other firms and institutions. “There’s certainly a recognition out there that we need more affordable housing,” Mulholland said. And developers are eager to provide more housing, all of it just south of the Dartmouth-Hitchcock Medical Center, the area’s largest employer that’s reportedly eyeing its own expansion of beds at its facility.
New Hampshire Market Statistics
Hanover
1 SAUSVILLE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,130,000 B: Sean Healey & Kelly A Healey S: Sarah Henley Tr, Tr for Dale P Breed LT Mtg: Ledyard Natl Bk $810,000 Use: 4 Bdrm Colonial, Lot: 305356sf
Lebanon’s housing supply is growing constrained as sewer system upgrades delay development and neighboring Dartmouth College looks to expand.
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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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 have complimentary access to the webPurchase site. 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