Score
0Merrimack, NH
11 Cottonwood Ln
215K
3 beds
2 baths
1,069 sqft
3 bd • 2 ba • 1,069 sf
This analysis was generated on 2/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$215,300
Price/Sq.Ft
$201
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Affordable Price Point: At $215,300, this property offers an accessible entry point into the Merrimack housing market, which has a median household income of $114,562. This makes it attractive for first-time homebuyers or those on a budget.
• Competitive Price per Square Foot: With a price per square foot of $201.40, this property is competitively priced compared to other homes in the area. This could represent a good value for buyers.
• Three Bedrooms and Two Bathrooms: The property offers a functional layout with three bedrooms and two bathrooms, suitable for small families or individuals needing extra space for guests or a home office.
• Rental Potential: The property could be attractive to renters. Based on 2023 rental rates, a three-bedroom unit in Merrimack rents for approximately $2,750 per month. This suggests potential for positive cash flow if the property is used as a rental investment.
The Bad
• Lack of Property Details: The absence of a property description and feature list makes it difficult to assess the property's true condition and value. Buyers must rely heavily on inspections to uncover potential issues.
• Unknown Build Year: Without knowing the construction year, it's impossible to determine the age and potential lifespan of major systems (roof, HVAC, plumbing, electrical). Older systems may be nearing the end of their useful life and require replacement.
• Limited Size: At 1,069 sqft, the property may feel cramped for some buyers, especially families or those who prefer more living space. Consider whether the layout is functional and meets your needs.
• Unspecified Utilities and Systems: The lack of utility information makes it difficult to estimate monthly costs. Heating costs in New Hampshire can be significant during the winter months.
• Potential Challenges with Manufactured Home Financing: Lenders may have specific requirements for financing manufactured homes, such as higher down payments or stricter loan terms. Research financing options and understand the potential costs.
The Ugly
• Potential Depreciation of Manufactured Home: Manufactured homes, unlike traditional site-built homes, can depreciate in value over time. This is especially true if the home is located in a park or has a land lease. Research the historical depreciation rates of manufactured homes in the Merrimack area.
• Risk of Undisclosed Issues: The limited information about the property increases the risk of encountering undisclosed issues. Buyers should be prepared for potential surprises and budget accordingly.
• Higher Insurance Costs: Depending on the construction type (e.g., manufactured home), insurance costs may be higher than for a traditional site-built home. Obtain insurance quotes and compare rates.
• Land Lease Considerations (if applicable): If the property is located in a manufactured home park, there may be a land lease involved. Land leases can have restrictions on property use and resale, and the lease payments can increase over time. Review the lease terms carefully and understand the potential implications.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• First-time homebuyers seeking an affordable entry point into the Merrimack housing market. The price point of $215,300 is significantly lower than the median home price in the area, making it accessible for those with limited budgets.
• Individuals or small families prioritizing affordability over extensive space. The 1,069 sqft size is manageable and cost-effective, especially with three bedrooms and two bathrooms.
• Buyers comfortable with the potential unique characteristics of a manufactured home. These homes often offer affordability but may require specific maintenance and financing considerations.
• Renters looking to transition into homeownership and build equity. With estimated monthly rents for a three-bedroom unit around $2,750, owning this property could provide a more stable and potentially cheaper long-term housing solution.
Not For
• Buyers seeking modern or recently constructed homes. The unknown build year introduces uncertainty about the property's condition and potential need for updates.
• Individuals or families requiring ample living space. At 1,069 sqft, this property may feel cramped for larger households or those accustomed to more spacious homes.
• Buyers who are risk-averse and prefer detailed property information upfront. The lack of property features and description creates uncertainty about its overall condition and suitability.
• Those prioritizing high-end finishes or luxurious amenities. The affordable price point suggests that the property is unlikely to have premium features or recent upgrades.
Demographics
Area Median Income
$114,562
Property History
Price History
Ownership Timeline
$16,000Financed
Jan 1, 1970Renate RochaEric C Martel
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,430
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$215,300
Price/sqft
$201
Layout
3 bd•2 ba
Stats in the Area
Based on 4 comparable properties nearby
Average Price
$194,625
10.6%
Your price is 10.6% above average
Median Price
$215,000
0.1%
Based on 4 recent sales
Price per Sq.Ft
$181
11.3%
Your price is 11.3% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6 East Ridge Road #6, Merrimack, NH 03054 | $91,000 | 1,280 | 2 | 2 | $7164.7% | 2/11/2025 |
| 17 Cottonwood Lane, Merrimack, NH 03054 | $308,500 | 924 | 2 | 2 | $33465.8% | 11/1/2024 |
| 12 Stevens Ave, Merrimack, NH 03054 | $164,000 | 1,200 | 3 | 1 | $13732.1% | 2/11/2025 |
| 11,15,17 Northwood, Merrimack, NH 03054 | $215,000 | N/A | N/A | N/A | N/A | 2/11/2025 |
6 East Ridge Road #6, Merrimack, NH 03054
Price: $91,000
Sq.Ft: 1,280
Beds/Baths: 2/2
$/Sq.Ft:
$7164.7%
Sale Date: 2/11/2025
17 Cottonwood Lane, Merrimack, NH 03054
Price: $308,500
Sq.Ft: 924
Beds/Baths: 2/2
$/Sq.Ft:
$33465.8%
Sale Date: 11/1/2024
12 Stevens Ave, Merrimack, NH 03054
Price: $164,000
Sq.Ft: 1,200
Beds/Baths: 3/1
$/Sq.Ft:
$13732.1%
Sale Date: 2/11/2025
11,15,17 Northwood, Merrimack, NH 03054
Price: $215,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 2/11/2025
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