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Belknap
31 Area Road
Listed by: Peggy Naughton, Maxfield Real Estate/Wolfeboro, Selling Office: BHG Masiello Bedford, Listing Courtesy of Prime MLS
$430,000
● House - Off Market

31 Area Road

Gilford, NH 03249
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,380 Ft²
$2,303
Est. Monthly
6.45%
Cap Rate

About This Property

Nicely updated, year-round Chalet-style home on a quiet dead-end road at the base of Belknap Mountain in the quaint town of Gilford.  Inside is a comfy, cozy home where you'll find 3 bedrooms, 2 baths, beautiful hardwood floors, wood-burning fireplace, lower level rec room and exposed ceiling beams.  This inviting chalet is nestled on a low maintenance, private lot within walking distance to all the year-round activities offered at Gunstock Mountain Resort - skiing, ziplining, aerial adventures and more.  Plus only minutes to the residents only Gilford town beach, concerts at the Pavilion, hiking trails, FunSpot, an array of restaurants, shops and lake activities.  This home and location will not disappoint.
Unit Size
1,380 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$308
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1978

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: 3 years ago (Prime MLS #5002822)

Price History

Date / Event Date Event Price
Sep 5, 2024 Sold
Premium
Sold
Jul 6, 2024 In contract -
In contract
Jun 28, 2024 Listed by Maxfield Real Estate/Wolfeboro $425,000
Listed by Maxfield Real Estate/Wolfeboro
Feb 13, 2020 Sold
Premium
Sold
Dec 8, 2019 Listed by Maxfield Real Estate/Wolfeboro $185,000
Listed by Maxfield Real Estate/Wolfeboro
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 1,075
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: M:254 B:026 L:000; 1-FAM RES

Neighborhood

  • School District Name: Gilford School District
  • School Tax School District: GILFORD
  • Census Tract: 966404

Zoning

  • Zoning: LR

Geography

  • Account Number: 254-026-000
  • District: GIFL
  • Parcel: GIFL M:254 B:026 L:000
  • Block: 26
  • Municipality: GILFORD
  • Latitude: 43.5533
  • Longitude: -71.3651

    Address

  • Full Address: 31 Area Rd
  • Address - House Number: 31
  • Address - Street Name: Area
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Gilford
  • Carrier Code: R010
  • 4-Digit Zip Code: 7802
  • Zip Code: 03249

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $247,800

    Appraisal Valuation

  • Standard Deviation: 0.2326
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 312,733
  • High Value: 385,496
  • Low Value: 239,970

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $202,250
  • Assessed Land Value: $73,450
  • Assessed Improvements Value: $128,800

    Sales

  • Current Sale Contract Date: Feb 04, 2020
  • Current Sale Recording Date: Feb 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2001656
  • Previous Sale Recording Date: Dec 19, 2005
  • Previous Sale Amount: $218,000
  • Previous Sale Document Type: 71
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 Belknap

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$239

Below Asking

0.03%

Average Days on Market

69

Average Home Size

2773 ft²

Average Home Age

52.4 years

Currently For Sale

339 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

Click here to view more rentals in the neighborhood.
Prime

Listed by: Peggy Naughton, Maxfield Real Estate/Wolfeboro
Last Updated Date: 2024-09-05
Last Checked: 1 hour ago
Data Source: Prime MLS, MLS# 5002822
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 31 Area Road built and last sold?
The property at 31 Area Road was built in 1978 and last sold on Feb 4, 2020 for $175,000.
How much is this home worth?
The estimated value of the home located at 31 Area Road is $405,113.
What are some comparable homes to 31 Area Road?
There are currently no comparable homes to 31 Area Road.
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