NOT LISTED FOR SALE

5 Cottonwood Ln Salem, NH 03079

Estimated Value: $937,000 - $1,301,000

4 Beds
3.5 Baths
3,839 Sq Ft
$307/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $1,002,500 $261 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,639/month

199 Days on Market

Highlights

  • New Construction
  • 3 Car Attached Garage
  • Level Lot
  • Colonial Architecture

About This Home

As of October 2022

Welcome to Cottonwood Estates in Salem NH. Tranquility is the word that comes to mind. These 20 wood lined lots are tastefully positioned to maintain personal space and nature preservation. All this yet convenient to highways, beaches, shopping etc. Come see see for yourself this hidden hidden gem. Built by one of the leading custom builders in the area (Dreamscape Builders).

Last Agent to Sell the Property

Mark McGinn

McGinn & Associates Realty, LLC License #046968 Listed on: 06/27/2021

Last Buyer's Agent

Delinda Robinson

Jill & Co. Realty Group - Real Broker NH, LLC License #077280

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,566

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.75 Acre Lot
  • Level Lot
  • Property is zoned Rural

Parking

  • 3 Car Attached Garage

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • Heating System Uses Gas
  • 200+ Amp Service
  • Liquid Propane Gas Water Heater
  • Private Sewer
  • Cable TV Available

Community Details

  • Cottonwood Estates Subdivision

Listing and Financial Details

  • Tax Lot 12614

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,566

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Development Subdivision: Cottonwood Estates
  • Construction: New Construction
  • Total Stories: 2
  • Price Per Sq Ft: 261.14
  • Property Class: Residential
  • Property Type: Single Family
  • Year Built: 2022
  • Remarks Public: Welcome to Cottonwood Estates in Salem NH. Tranquility is the word that comes to mind. These 20 wood lined lots are tastefully positioned to maintain personal space and nature preservation. All this yet convenient to highways, beaches, shopping etc. Come see see for yourself this hidden hidden gem. Built by one of the leading custom builders in the area (Dreamscape Builders).
  • List Agent: 19436
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Full
  • Sq Ft - Apx Finished AG: 3839
  • Sq Ft - Apx Total: 5483
  • Sq Ft - Apx Total Finished: 3839
  • Sq Ft - Apx Unfinished BG: 1644

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 3
  • Garage Type: Attached
  • Garage: Yes

Utilities

  • Electric: 200 Amp
  • Sewer: Private
  • Water: Public
  • Water Heater: Gas - LP/Bottle
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Hot Air
  • Cooling: Central AC
  • Utilities: Cable - At Site

Lot Info

  • Map: 49
  • Lot: 12614
  • Lot Sq Ft: 32801
  • Lot Acres: 0.753
  • Lot Description: Level
  • Surveyed: Yes
  • Zoning: Rural
  • Deed Book: 6288
  • Deed Page: 1328
  • Deed Recorded Type: Warranty

Tax Info

  • Taxes TBD: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2021
Sold by
Stonebrook Land Dev Llc
Bought by
Fortunato Christopher M and Belanger Heather L
Current Estimated Value
$1,179,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,000
Outstanding Balance
$740,463
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$438,688
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fortunato Christopher M $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fortunato Christopher M $802,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $1,002,500 +5.2% $261 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
06/27/2021 06/27/21 For Sale $953,000 -- $248 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,566 $827,600 $218,700 $608,900
2023 $15,040 $886,800 $218,700 $668,100
2022 $10,434 $650,100 $218,700 $431,400
2021 $2,688 $168,200 $168,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark McGinn

    Seller's Agent in 2022

    Mark McGinn

    McGinn & Associates Realty, LLC

    (603) 479-6192

    71 Total Sales

    Mark McGinn
    Section Image
  • Delinda Robinson

    Buyer's Agent in 2022

    Delinda Robinson

    Jill & Co. Realty Group - Real Broker NH, LLC

    (774) 644-6632

    77 Total Sales

    Delinda Robinson
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4869119

PrimeMLS

APN: SLEM M:49 B:12614 L:

New Hampshire Rockingham County Salem 03079

5 Cottonwood Ln, Salem, NH

This home is located at 5 Cottonwood Ln, Salem, NH 03079 since 27 June 2021 and is currently estimated at $1,179,151, approximately $307 per square foot. This property was built in 2022. 5 Cottonwood Ln is a home located in Rockingham County with nearby schools including North Salem Elementary School, Woodbury School, and Salem High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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