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21-41 FOWNES MILL CourtRochester, NH 03867MLS Number 4692352

  • Price: $385,000The price has recently decreased
  • 38 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: 4.62% last updated on 2018-06-14

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

  • 5.25Acreage
  • 121Map
  • 11Units
  • 228690Lot Sqft

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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Basic Information

  • StatusACT
  • Date Listed2018-05-12T00:00:00
  • Modification Date05/12/2018
  • TypeDevelopment
  • List Price$385,000
  • Agent NameDuston
  • Broker NameBean Group / Portsmouth
  • Listing Agent NameJamieson Duston
  • Lister Office NameBean Group / Portsmouth
  • MLS Number4692352

Location

  • Building Number21-41
  • StreetFOWNES MILL
  • TownRochester
  • StateNH
  • Zip03867
  • CountyStrafford
  • Map121

Photos

  • Number of Photos16

Other

  • bloggingYes
  • Book3599
  • Page153
  • Delayed ShowingsNo

Building

  • Units11

Property

  • Acreage5.25
  • Property TypeCommercial Sale
  • AreaIn Town, Near Shopping, Near Public Transportatn
  • Lot Sqft228690

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Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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From Our Clients

I wanted to personally thank you for your efferts in helping Jane and I over the past several months during the process of purchasing our home on Rogers Street. You held in there for the duration and helped us through it. Thank you again for your time, effort, and professionalism. It has been a pleasure working with you.

Bill Hess and Jane Donovan, Portsmouth NH