1088 Salmon Falls Road, Rochester, NH, 03868 | $5,000,000

Nestled in the scenic city of Rochester, New Hampshire, lies a sprawling property that spans an impressive 297 acres along the banks of the Salmon Falls River. This vast tract of land offers a unique opportunity for those seeking a combination of natural beauty, recreational possibilities, and potential development. The property's most distinctive feature is its expansive size, covering nearly 300 acres of diverse landscapes. From lush green meadows to dense woodlands, the terrain offers a picturesque setting that captivates the imagination. The Salmon Falls River, a prominent waterway in the region, further enhances the property's allure. The river not only provides a scenic backdrop but also offers various opportunities for water-based activities, making it an ideal spot for nature enthusiasts and outdoor adventurers. One of the key attractions of this property is its potential for development. With such a substantial acreage, the possibilities are vast. Investors and developers may envision creating a harmonious blend of residential, commercial, and recreational spaces. The Current sellers have had a conceptual plan drawn for 152 house lots. The 297-acre property along the Salmon Falls River is a vast canvas of natural beauty and untapped potential. Whether envisioned as a development opportunity, a haven for outdoor enthusiasts, or a conservation initiative, this property stands as a testament to the possibilities that lie within the intersection of land & water.

Features

  • Zoning: AGR
  • Lot Desc: Agricultural,Country Setting,River Frontage,Waterfront
  • Water Front: Yes
  • Elem. School: Rochester School
  • Middle School: Rochester Middle School
  • High School: Spaulding High School
  • School District: Rochester
  • MLS#: 4983004
  • Website: https://www.raveis.com
    /prop/4983004/1088salmonfallsroad_rochester_nh?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/12/2024

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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1088 Salmon Falls Road, Rochester, NH, 03868

$5,000,000

Sheri Lasley Ruiz

Sales Associate

William Raveis Real Estate

Phone: 941.400.4186

Sheri.LasleyRuiz@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $4,000,000 $4,000,000 $4,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.375% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.229% 6.486% 6.307%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $23,026 $24,955 $34,025
Total Monthly Payment $23,151 $25,080 $34,150

* 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.