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21-41 FOWNES MILL CourtRochester, NH 03867MLS Number 4692350

  • Price: $385,000The price has recently decreased
  • Est. Mortgage of $/month
  • 9 Days on Market
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.94% last updated on 2017-12-21

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 5.25Acreage
  • R2Zoning

Fownes Mill Condominiums is a three-phase project located on a 5.59± acre parcel in downtown Rochester, with roughly 1,000 feet of frontage on the Cocheco River. The project consists of 3 major phases. Phase I has been completed and sold off. This offering is for Phase II, which consists of eleven (11) 1,300± SF townhouse units to be built - each with a one car garage under and room for another car in the driveway. This Phase is to be built in two separate buildings situated between Gagne Street and the Cocheco River. The foundations and slabs for the 2 buildings have been poured, but no further construction activity has taken place. The project is served by public water and sewer. The initial approvals for the project were obtained in 2006, and the early focus was on getting Phase I built and sold. Appropriate condominium documents and plans have been recorded in the Strafford County Registry of Deeds, with amendments as needed as units have been completed and sold. Under the By-Laws, separate sub-associations have been created for each phase. Additional condo documentation will be required for Phase II. This is very attractive offering for an investor or developer looking for a signature waterfront property with the expansion potential of Phase III, which consists of 80 age restricted (55+) garden style units to be built in a single 4-story mill style building.

Listed by Jamieson Duston of Bean Group / Portsmouth

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Your Local Office

Berkshire Hathaway HomeServices | Verani Realty
111 Maplewood Avenue
Portsmouth NH, 03801

Office: 603.431.8977

More Info

Basic Information

  • MLS Number4692350
  • p mod date time2018-05-12T20:26:00
  • Modification Date05/12/2018
  • StatusACT
  • Date Listed05/12/2018
  • Block32
  • List Price$385,000

Location

  • Building Number21-41
  • Zip03867
  • TownRochester
  • StateNH
  • ZoningR2
  • Flood ZoneUnknown
  • CountyStrafford
  • TopographyCity Lot, Water View, Waterfront
  • StreetFOWNES MILL

Other

  • Broker NameBean Group / Portsmouth
  • RoadsPublic
  • AVMYes
  • Agent NameDuston
  • Delayed ShowingsNo

Property

  • Acreage5.25
  • Square Feet228690
  • Lot20
  • Property TypeLand

Utilities

  • WaterPublic Water - On-Site
  • ElectricUnderground
  • SewerPublic Sewer On-Site

Photos

  • Number of Photos12

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