28 Back River Road, Dover, NH, 08320 | $675,000

Location is paramount for this well-maintained multifamily residence in the Garrison School District. Situated on 0. 51 acres, this converted Victorian home features apple tree, berry bushes, and ample space for gardening enthusiasts. Carefully divided into two rental units while preserving its old-world charm, including some original hardware and a butler’s pantry on the first floor, the 2188 sqft house can easily revert to a single-family home with minimal effort. Currently, the property includes two rented units, each offering two bedrooms and one bath. The main house roof was replaced three years ago, while the barn roof is brand new. City approval has been granted for a third unit, located in the spacious attached barn, which awaits completion. This property offers versatility: finish the third unit for additional rental income or owner occupancy. Alternatively, upon lease expiration, convert the property back to a single-family dwelling being able to expand in the attic and transform the barn into a garage or complete it for another rental unit. The possibilities are boundless and limited only by your imagination. Conveniently located for commuters, with easy access to Route 16 and Route 4, this property is an ideal investment opportunity.

Features

  • Rooms: 8
  • Bedrooms: 4
  • Baths: 1 full / 1 three-quarter
  • Style: Conversion,Victorian
  • Year Built: 1870
  • Heating: Baseboard,Steam
  • Cooling: None
  • Basement: Bulkhead,Concrete Floor,Dirt Floor,Unfinished
  • Approx Sq. Feet: 2,188
  • Acreage: 0.51
  • Est. Taxes: $8,894
  • Lot Desc: Level
  • Elem. School: Garrison School
  • School District: Dover School District SAU #11
  • MLS#: 5004459
  • Website: https://www.raveis.com
    /prop/5004459/28backriverroad_dover_nh?source=qrflyer
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Listing courtesy of KW Coastal and Lakes & Mountains Realty/Wolfeboro   Phone: 603-610-8500
Listing Agent: Adam Dow

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28 Back River Road, Dover, NH, 08320

$675,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $540,000 $540,000 $540,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $741 $741 $741
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,281 $3,281 $4,267
Total Monthly Payment $4,114 $4,114 $5,100

* 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.