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Waterville Estates
Located just a few miles off of the Interstate 93 Waterville Valley exit (exit 28) is Waterville Estates. A 1400 acre planned development abutting the White Mountain National Forest, which is home to around 450 single family houses and a similar number of condominium units. Each home is surrounded by beautiful tall trees and thick forest. The development was started in the early 1970's as a ski vacation destination. Its unbeatable location and beautiful setting make the Estates a vary popular area for skiers and outdoor enthusiasts alike.
Being a planned development, Waterville Estates prides itself on the amenities it offers its home owners. There is a fantastic community recreational center with three pools ( 1 outdoor, 2 indoor), a fishing pond, tennis courts, an exercise facility, saunas, a game room a bar area open nightly and a larger lounge/banquet facility that serves food and drinks. The association also has its own small ski area and a network trails that cris cross the development. Waterville Estates cares for and maintains the majority of roads in the Estates and supplies water to the properties.
These amenities are available to all of the property owners in the Estates. There is a fee associated with the services provided. However, instead of there being a monthly fee, the association dues are bi annually and are included in each properties town tax bill. There are two other fees associated with buying a home in the Estates. The first is a one time charge of $2,000 due at the time of closing on an existing home or condominium, or $1000 on a piece of land. This fee goes towards the developments Capitol Improvement Fund (CIF). The other is an annual fee for the recreational center of $465.
The tax rate for Waterville Estates is currently $15.73 per thousand dollares of assessed value. Depending on whether a property is located in Campton or Thornton their towns corisponding tax rate is also added into the properties tax bill. At first glance this can be a very daunting number, tupically in the $5,000 range. However, a closer look, as seen in the example below, will reveal that it is a very small price to pay for the amenities associated with life in the Estates.
Home prices typically run less in the Estates than they do outside of
of the Estates. A $200,000 home in Waterville Estates might be
comprable to a $225,000 home outside of the Estates. Calculating
both mortgages at 6% for 30 years give you the following numbers.
WVE property (A) = $1,199.10 / month princaple and interest
Other property (B) = $1,348.99 / month princaple and interest
Monthly savings = $149.89 / month
Taxes property (A) = $5,275 / year =$439.58 / month
Taxes property (B) = $3,000 / year =$250.00 / month
Total (A) payments = $1,638.68
Total (B) payments = $1,598.99
Total difference per month = $39.68 This is a very small
monthly payment for everything included with life in the Estates!!!!
For more information regarding the particulars of Waterville Estates, please click on the link below to view the complete association bylaws and covenants.
Waterville Estate covenants
Waterville Estates Road Map
Below are my current listings in the Estates. If you do not fine a property that suits your needs, or if you have any questions about the Estates, please take some time to fill out the fields below. My family and I live in Waterville Estates, and I know the Estates very well. I look forward to helping you find the perfect home, or answer any of your questions as quickly as possible.
If you or someone you know wold like to be kept abreast of the real estate happenings in Waterville Estates please sign up on the questionaire below to receive my for a bimonthly report .
Homes and Condos in the Estates
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Pegwood Hill Condos Unit A-4 Beautifully maintained and upgraded two plus bedroom unit in the heart of ski country. Fully furnished and ready to go for this years ski season! CLOSING COST ASSISTACE!!!! click on the image to see details |
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