114 Mast Road, Lee, NH, 03861 | $850,000

Discover an exceptional opportunity with this 20+/-acre potential subdivision nestled in a picturesque rural setting in Oyster River School District, just minutes from UNH, and major commuting Routes. This conceptually planned project offers a professionally surveyed layout with drawings for an 8 lot subdivision, with the potential for additional lots. The property is enhanced by four poles of utilities already onsite, complemented by a modern building featuring electricity, mini splits, and a private septic system—ready to serve one of the developed lots as a valuable bonus. The level, open fields provide an ideal canvas for effortless site work, with a pre-existing curb cut facilitating easy access. The flexible seller welcomes innovative ideas from developers, making this an ideal investment opportunity. Alternatively, envision this expansive property as a single, sprawling lot for a large family compound, complete with ample space for walking trails, gardens, farming ventures, and recreational pursuits. Explore the endless possibilities and seize this rare chance to own a versatile piece of countryside paradise. Shown by appointment only, please do not enter the property unaccompanied. This subdivision will be part of a three lot lot-line adjustment to include Lot 13-11-0, Lot 13-11-03, and Lot 13-11-01.

Features

  • Zoning: 01-Res
  • Lot Desc: Rural,Alternative Lots Avail,Country Setting,Curbing,Field/Pasture,Level,Open,Subdivision
  • Middle School: Oyster River Middle School
  • High School: Oyster River High School
  • School District: Oyster River Cooperative
  • MLS#: 5005180
  • Website: https://www.raveis.com
    /prop/5005180/114mastroad_lee_nh?source=qrflyer
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Listing courtesy of Allen Family Real Estate   Phone: 603-868-1414
Listing Agent: Michael Allen

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114 Mast Road, Lee, NH, 03861

$850,000

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 $680,000 $680,000 $680,000
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 6.769% 6.270% 5.864%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,808 $4,132 $5,601
Total Monthly Payment $3,900 $4,224 $5,693

* 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.