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Carroll
28 Island
Listed by: Michael Erwin, Maxfield Real Estate/ Alton, 603-875-3128 Selling Office: KW Coastal and Lakes & Mountains Realty/N Conway, Listing Courtesy of Prime MLS
$450,000
● House - Off Market

28 Island

Madison, NH 03818
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,297 Ft²
$2,674
Est. Monthly

About This Property

Dreaming of lakeside living in the heart of the White Mountains? This waterfront property on beautiful Pea Porridge Pond offers a rare chance to create your perfect getaway. With a new roof, windows, and doors already in place, this home is a blank slate, ready for your ideas! Whether you're envisioning a cozy cabin retreat or a modern lakeside escape, this property gives you the flexibility to finish to your style and needs. Nestled in a peaceful corner of Madison, you'll enjoy year-round recreation-from swimming and kayaking in summer to skiing and snowmobiling in winter.  Don't miss this chance to own a piece of the lakes and mountains lifestyle. A unique opportunity to bring your vision to life right on the water!
Unit Size
2,297 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$196
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1970

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 10 months ago (Prime MLS #5046312)

Price History

Date / Event Date Event Price
Jul 24, 2025 Sold
Premium
Sold
Jun 13, 2025 Listed by Maxfield Real Estate/ Alton $450,000
Listed by Maxfield Real Estate/ Alton
Jan 26, 2022 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 2,699
  • Gross Building Area: 4,054
  • Building Area: 2,699
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,699
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Madison School District
  • School Tax School District: MADISON
  • Census Tract: 955500

Zoning

  • Zoning: RURAL

Geography

  • Parcel: MDSO M:00107 B:000040 L:000000
  • Block: 40
  • Municipality: MADISON
  • Latitude: 43.9366
  • Longitude: -71.1171

    Address

  • Full Address: 28 Island Dr
  • Address - House Number: 28
  • Address - Street Name: Island
  • Address - Suffix Type: Dr
  • State: NH
  • City Name: Madison
  • Zip Code: 03849

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $615,700

    Appraisal Valuation

  • Standard Deviation: 0.2505
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 64
  • Final Value: 603,235
  • High Value: 754,383
  • Low Value: 452,088

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $397,500
  • Assessed Land Value: $210,000
  • Assessed Improvements Value: $187,500

    Sales

  • Current Sale Contract Date: Jan 26, 2022
  • Current Sale Recording Date: Jan 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202200010170
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Carroll

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$255

Below Asking

0.03%

Average Days on Market

74

Average Home Size

2826 ft²

Average Home Age

60.2 years

Currently For Sale

384 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Prime

Listed by: Michael Erwin, Maxfield Real Estate/ Alton
Last Updated Date: 2025-07-24
Last Checked: 3 hours ago
Data Source: Prime MLS, MLS# 5046312
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 28 Island Drive built and last sold?
The property at 28 Island Drive was built in 1970 and last sold on Jan 26, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 28 Island Drive is $0.
What are some comparable homes to 28 Island Drive?
There are currently no comparable homes to 28 Island Drive.
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