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550 Sagamore Avenue, Portsmouth, NH, 03801 | $1,387,500
Welcome to 550 Sagamore Ave, a rare gem nestled in the heart of Portsmouth, NH. This property presents an uncommon opportunity to own a sizable lot in this coveted area. Spanning 1. 44 acres (approximately 62, 754 sq ft) with 139 feet of frontage, this parcel is situated in the SRB (single residence B) zone, offering ample space & privacy for your dream home. Zoning regulations require 15, 000 sq ft per dwelling unit, 20% lot coverage, 10 ft side setbacks, 30 ft rear & front setbacks. What sets this property apart is its proximity to Downtown Portsmouth and its inclusion in the highly sought-after Little Harbor School District. Whether you envision subdividing, renovating the existing home, or constructing your expansive dream residence, this lot offers unparalleled potential. Immerse yourself in the tranquility of this picturesque setting, surrounded by lush greenery and mature trees. Perfect for those who crave open space yet desire the convenience of city living, this property provides the best of both worlds. The existing hip-roofed ranch boasts 1-level living and the potential to expand your living space with its partially-finished basement. Picture yourself hosting summer gatherings on the spacious 448 sq ft tiered deck, soaking in the serene ambiance of your private oasis. With its prime location, expansive lot, and many possibilities, don't miss this extraordinary opportunity to make 550 Sagamore Rd your own slice of paradise in Portsmouth.
Features
- Zoning: SRB
- Frontage: 139
- Lot Desc: Wooded
- Elem. School: Little Harbor School
- Middle School: Portsmouth Middle School
- High School: Portsmouth High School
- School District: Portsmouth
- MLS#: 4994486
- Website: https://www.raveis.com
/prop/4994486/550sagamoreavenue_portsmouth_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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. Data last updated 9/28/2024Listing courtesy of Great Island Realty LLC Phone: 603-433-3350
Listing Agent: Sharon Hartford
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance
978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
550 Sagamore Avenue, Portsmouth, NH, 03801
$1,387,500
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,110,000 | $1,110,000 | $1,110,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,216 | $6,744 | $9,143 |
| Total Monthly Payment | $6,341 | $6,869 | $9,268 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB