1555 King Hill Rd, New London, NH 03257

The first floor apartment is currently rented for $1650 per month which pays for: $310,000 of mortgage cost at 2.985%, 30 year mortgage loan, property tax of $4500/year and home insurance of $1200/year The 87120 sq.ft. of property includes an acre of field behind the garage with most of the land footage on Summit View Road. Land value estimate = $110,000 House and garage: 1) Exterior power washed, scraped, caulked, primed and finish coated last summer (cost $12,000) 2) Renovated ($25,000) downstairs apartment currently rented for $1650/month 3) Standing seam metal roof on main house with 40 year warranty when installed 5 years ago. No leaks, no ice dams (cost - $19,000) 4) New metal roof on garage - no leaks, no ice dams (cost = $3,000) 5) New state approved septic system will be installed in May 2021 (cost = $15,000+) 6) 2 high efficiency Rinnai hot air heating units installed in 2020. (cost = $9,000) 7) 2nd floor deck in the back rebuilt with plywood sheets and covered with "Deckrite" to protect against leak (cost $8,000) 8) Water source = deep well (no water or sewer bills from the town (value of a drilled well = $5,000) 9) All old windows replaced with 25 new dual pane, high efficiency Pella windows (cost = $10,000) 10) Electrical upgrades (cost = $9,000) 11) Detached garage includes electricity and water 12) House has blown in insulation 13) Newly installed aerobic septic system 14) Garage with installed electricity 15) 1+ acre field behind main house 16) View to Mt. Sunapee ski area - 10 miles from the property Convenient location: 1.6 miles to Rte 89, exit 11 2 miles to: the New London hospital, Hannaford shopping center, Colby Sawyer College fitness center with indoor track and swimming pool, town or college library; 35 miles to Concord, 30 miles to Lebanon/Hanover 2 miles to exit 12, Rte 89, Park and Ride with Dartmouth Coach 10 miles to Mount Sunapee ski area 2 miles to Lake Sunapee boat launch