Rivergreen Condominium – condotel style living.
One of the best quality construction highrise structures in Lincoln New Hampshire.
Each condo comes with a lock off suite that can be used as a hotel room for rental income.
This fact along with the front desk has made traditional FHA financing impossible. The Term Condo-hotel, was struck to indicate an on-site rental program was set up within the building. Port-folio lenders have offered financing all along at a slightly higher rate than the government backed loans. Condos sold for $185,000 to $210,000 just a few years ago…are now listed at $129,000. A combination of slightly less attractive financing and the slow economy has caused these beautiful places to decline by 35% in value over the past 5 years. During the same time the Home Owners association voted in the construction of an indoor pool and great room facility.
The South mountain slopes at Loon’s ski resort have been added,
making Rivergreen a nearly ski back location (a quick walk across the bridge and you are home). This site also offers something that many second home owners have put high on their wish list, and that is water frontage. The Rivergreen Resort, features direct frontage on the Pemigewasset River. This condominium is adjacent to the village shops, owners and guest can walk to a variety of shopping options, restaurants, and entertainment (4 screen movie and performing arts center) …walk to skiing, shopping, movies, and the river in just a few steps. The condominium fee includes all the hot water for the building, cable T.V., WiFi, indoor pool, hot tub, great room, and ski shuttle service, but delivers great bang for the buck in terms of all you get for the purchase price…this location and purchase price is the best deal going in the Loon Mountain resort area today.
picture taken at the bottom of the ski trail, over looking the bridge to Rivergreen resort.
Alpine Lakes Realty a call 800-926-5653 to schedule a showing, or email a request for more information or a listing sheet steve@alpinelakes.com
Your-White Mountain New Hampshire real Estate Expert
steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898
MLS search and Realtor web site: www.alpinelakes.com
My outside Blog: www.steveswhitemountainblog.com
Lincoln NH & Local interest site: www.localism.com/nh/lincoln
