291 Endicott Street North, Laconia, NH, 03246 | $4,475,000

The Grand View Resort continues to provide peace and quiet with sensational vistas of Lake Winnipesaukee, along with beautiful mountains in the background. A peaceful pastoral oasis in the middle of the Lakes Region, sharing the fantastic view of Lake Winnipesaukee and the Mount Washington Cruise Ship sailing to and from the port of Weirs Beach. Enjoy the stunning mountain top vistas of the Ossipee, Sandwich, and Belknap Mountains out across Lake Winnipesaukee's islands and the White Mountains beyond. The property offers 10 cottages, 12 motel units, owner's quarters, and hired help quarters. All cottages and motel units are either new, completely new, replaced new, or upgraded new, showing this property as a true turnkey operation. This property maintains repeat customers from Memorial Day to Columbus Day. Also, the pastoral grounds offer you the opportunity to enjoy the company of family and friends, from the oversized granite pool with partial or the multiple fire pit viewing areas to enjoying quiet time on the wraparound porch to enjoy the Alpen Glow along with your favorite beverage. The current owners continue the legacy to provide the traditional historic accommodations that would rival any and all historic innkeepers past and present. All of this and so much more, located in the heart of the Lakes Region, only minutes to Gunstock Ski Resort, Bank of New Hampshire Meadowbrook Concert Pavilion, Weirs Beach, shopping malls, and many assorted restaurants.

Features

  • Property Type: Business,Hospitality,Investment,Multi-Family,Opportunity
  • Construction: Wood Frame,Combination Exterior,Vinyl Siding,Wood Siding
  • Parking: Assigned,Driveway,Garage,On-Site,Parking Spaces 21+,Paved,RV Access/Parking,Visitor
  • Heating: Hot Water,Individual,Multi Zone
  • Cooling: Wall AC Units,Mini Split
  • Units: 24
  • Zoning: Commercial
  • Frontage: 394
  • Year Built: 1972
  • Acreage: 3
  • Est. Taxes: $16,963
  • MLS#: 5016060
  • Website: https://www.raveis.com
    /prop/5016060/291endicottstreetnorth_laconia_nh?source=qrflyer
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Listing courtesy of Roche Realty Group   Phone: 603-279-7046
Listing Agent: Thomas Drouin

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291 Endicott Street North, Laconia, NH, 03246

$4,475,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,580,000 $3,580,000 $3,580,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $1,414 $1,414 $1,414
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $20,327 $22,335 $29,969
Total Monthly Payment $21,866 $23,874 $31,508

* 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.