859 Kearsarge Road, Conway, NH, 03860 | $2,600,000

Cranmore Mountain Lodge offers some of the best hospitality in Mount Washington Valley. Close to some of the areas favorite attractions including Storyland and Cranmore Mountain, this property offers convenience and all the comforts of a large resort in a manageable package close to North Conway Village. Recently renovated and updated, the common areas feel cozy yet spacious and offer numerous places for gathering or taking in a good book. The private pool invites you take in the natural surroundings including a lovely pond and brook. Further out back are tennis courts (pickleball!) and an outbuilding for small gatherings. There are multiple guest rooms and space for staff and ownership. The owner's quarters consist of a three bedroom/two bathroom apartment in the inn. A separate building has two apartments-a one bedroom/one bathroom unit, and a two bedroom/two bathroom unit that could be used for guests or staff accommodations. The kitchen and dining spaces have been upgraded and the innkeeper quarters provide an excellent value. The current owners are seeing increasing returns each year and have identified other areas for growth. Come be an integral part of the community while growing into this attractive lifestyle.

Features

  • Property Type: Hospitality
  • Construction: Wood Frame
  • Parking: Driveway
  • Heating: Baseboard,Electric,Forced Air,Hot Air,Hot Water
  • Cooling: Wall AC Units
  • Zoning: Residential Nonconfoming
  • Frontage: 250
  • Year Built: 1860
  • Approx Sq. Feet: 10,409
  • Acreage: 5.7
  • Est. Taxes: $17,010
  • MLS#: 5018344
  • Website: https://www.raveis.com
    /prop/5018344/859kearsargeroad_conway_nh?source=qrflyer
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Listing courtesy of Pinkham Real Estate   Phone: 603-356-5425
Listing Agent: Greydon Turner

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859 Kearsarge Road, Conway, NH, 03860

$2,600,000

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 $2,080,000 $2,080,000 $2,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment $1,418 $1,418 $1,418
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,974 $13,147 $17,552
Total Monthly Payment $13,517 $14,690 $19,095

* 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.