$65,000
SOLD JUL 27, 2012

8 Layne Dr Lee, NH 03861

2 Beds
1 Bath
1,047 Sq Ft
0.29 Acres

Recently Sold

$62 Per Sq Ft

32% Below List Price

106 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Deck
  • Wood Flooring
  • Mast Way School Rated A-
  • Wooded Lot
  • Combination Kitchen and Living

About This Home

As of June 2025

You want waterfront for cheap? Fishing for a deal, here you go city folks want a place to getaway!! Relax, cool off, kayak, canoe, jet-ski & float around. Then bring your loot to this 2 bedroom ranch on the banks of Wheelwright pond. Suggest bring your hammer & nails before your fishing poles. Does this float your boat?

Last Agent to Sell the Property

Paul Mausteller

RE/MAX Shoreline License #055447 Listed on: 04/12/2012

RE/MAX Shoreline

Last Buyer's Agent

Kristy Morency

Erwin Real Estate License #057558

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1975

Lot Details

  • 0.29 Acre Lot
  • 75 Feet of Waterfront
  • Lot Sloped Up
  • Wooded Lot

Home Design

  • Bungalow
  • Repairs Needed
  • Wood Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,047 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Living
  • Water Views

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Partial Basement
  • Dirt Floor
  • Crawl Space

Parking

  • 2 Car Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Water Access
  • Deck

Schools

  • Mast Way Elementary School
  • Oyster River Middle School
  • Oyster River High School

Utilities

  • Heating System Uses Oil
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 001-25
  • 30% Total Tax Rate

Home Details

Home Type

Single Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Bungalow, Ranch, Rehab Needed
  • Directions: From Lee Traffic circle, south on Route 125, Layne Dr on left, property on right
  • Flood Zone: Unknown
  • Assessment Amount: 157100
  • Construction: Existing
  • Foreclosedbank Ownedreo: Yes
  • Total Stories: 1
  • Price Per Sq Ft: 62.08
  • Property Class: Residential
  • Property Type: Single Family
  • Year Built: 1975
  • Remarks Public: You want waterfront for cheap? Fishing for a deal, here you go city folks want a place to getaway!! Relax, cool off, kayak, canoe, jet-ski & float around. Then bring your loot to this 2 bedroom ranch on the banks of Wheelwright pond. Suggest bring your hammer & nails before your fishing poles. Does this float your boat?
  • List Agent: 22737
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Features Interior: Kitchen/Living, Wood Stove Hook-up
  • Total Bedrooms: 2
  • Flooring: Carpet, Hardwood
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Crawl Space, Dirt, Partial
  • Room 1: Kitchen, On Level: 1
  • Room 2: Dining Room
  • Room 3: Living Room, On Level: 1
  • Room 7: Primary Bedroom, On Level: 1
  • Room 8: Bedroom, On Level: 1
  • Room 16: Bath - Full, On Level: 1
  • Sq Ft - Apx Finished AG: 1047
  • Sq Ft - Apx Total Finished: 1047

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl, Wood
  • Foundation: Block, Wood
  • Road Frontage: Yes
  • Roads: Private
  • Roof: Shingle - Asphalt
  • Features Exterior: Deck
  • Water Body Access: Yes
  • Water Body Name: Wheelwright
  • Water Body Type: Pond
  • Water Frontage Length: 75
  • Water Body Access: Owned
  • Waterfront: Yes
  • Water View: Yes

Garage/Parking

  • Parking: Parking Spaces 2

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Private
  • Water: Private
  • Water Heater: Electric, Tank
  • Heating Fuel: Oil
  • Heating: Hot Air

Schools

  • School District: Oyster River Cooperative
  • Elementary School: Mast Way School
  • Middle School: Oyster River Middle School
  • High School: Oyster River High School
  • Elementary School: Mast Way School
  • High School: Oyster River High School

Lot Info

  • Map: 11
  • Lot: 001-25
  • Lot Sq Ft: 12632
  • Lot Acres: 0.29
  • Lot Description: Sloping, Water View, Waterfront, Wooded
  • Surveyed: Unknown
  • Zoning: RES
  • Deed Book: 3997
  • Deed Page: 111
  • Deed Recorded Type: Foreclosure

Tax Info

  • Tax Rate: 30.12
  • Tax Gross Amount: 4732
  • Tax Year: 2011

MLS Schools

  • School District: Oyster River Cooperative
  • School Middle Jr: Oyster River Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
Jun 12, 2025
Sold by
64 Hovey St Llc
Bought by
Borkush Matthew
Seller's Agent
Jason Saphire
www.HomeZu.com
Buyer's Agent
Mike Proulx
Cameron Real Estate Group
List Price
$575,000
Sold Price
$585,000
Premium/Discount to List
$10,000
1.74%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-28.79%
Original Mortgage
$300,000
Outstanding Balance
$299,742
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$265,727

Purchase Details

Listed on
Apr 12, 2012
Closed on
Jul 30, 2012
Sold by
Us Bank Na Tr
Bought by
Capistran Deborah
Seller's Agent
Paul Mausteller
RE/MAX Shoreline
Buyer's Agent
Kristy Morency
Erwin Real Estate
List Price
$94,900
Sold Price
$65,000
Premium/Discount to List
-$29,900
-31.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.58%

Purchase Details

Closed on
Mar 2, 2012
Sold by
Wessling 2Nd Ronald C
Bought by
Us Bank Na Tr

Purchase Details

Closed on
Oct 4, 2004
Sold by
Claire E Morgan T
Bought by
Wessling 2Nd Ronald C and Wessling Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $585,000 None Available
Warranty Deed $585,000 None Available
Not Resolvable $65,000 --
Foreclosure Deed $104,500 --
Foreclosure Deed $104,500 --
Deed $199,000 --
Deed $199,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Purchase Money Mortgage
Closed $300,000 Purchase Money Mortgage
Previous Owner $157,000 Credit Line Revolving
Previous Owner $159,200 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Sold $585,000 +1.7% $492 / Sq Ft
06/13/2025 06/13/25 For Sale $575,000 0.0% $484 / Sq Ft
04/12/2025 04/12/25 Off Market $575,000 -- --
04/11/2025 04/11/25 Pending -- -- --
04/05/2025 04/05/25 For Sale $575,000 0.0% $484 / Sq Ft
04/02/2025 04/02/25 Pending -- -- --
03/16/2025 03/16/25 For Sale $575,000 0.0% $484 / Sq Ft
03/15/2025 03/15/25 Off Market $575,000 -- --
03/14/2025 03/14/25 For Sale $575,000 +173.8% $484 / Sq Ft
04/14/2020 04/14/20 Sold $210,000 -12.5% $201 / Sq Ft
04/07/2020 04/07/20 Pending -- -- --
04/03/2020 04/03/20 For Sale $239,900 +269.1% $229 / Sq Ft
07/27/2012 07/27/12 Sold $65,000 -31.5% $62 / Sq Ft
07/27/2012 07/27/12 Pending -- -- --
04/12/2012 04/12/12 For Sale $94,900 -- $91 / 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 $5,906 $229,200 $143,500 $85,700
2023 $5,416 $229,200 $143,500 $85,700
2022 $4,978 $229,200 $143,500 $85,700
2021 $4,990 $229,200 $143,500 $85,700
2020 $4,199 $131,800 $66,700 $65,100
2019 $4,150 $131,800 $66,700 $65,100
2018 $4,026 $131,700 $66,700 $65,000
2017 $3,943 $131,700 $66,700 $65,000
2016 $3,852 $131,700 $66,700 $65,000
2015 $3,668 $125,400 $57,500 $67,900
2014 $3,724 $125,400 $57,500 $67,900
2012 $4,704 $157,100 $71,700 $85,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4148393

PrimeMLS

APN: LLEE-000011-000001-002100