1 Granite Dr · North Hampton, NH 03862

$369,000

3 bd · 2.0 ba · 1,399 sqft · Manufactured public records · 62 Days on market

Built 2026 Est $332k · 11% over

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.6/30.0
• DSCR +8.0/10.0
• Schools +6.7/10.0
• 1% rule +5.4/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.4/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Granite Post Green, one of North Hampton's most desirable manufactured home communities. This brand-new home offers stylish design, thoughtful upgrades, and comfortable single-level living just minutes from the Seacoast's beaches, shopping, and dining. This beautifully designed home features 2 bedrooms plus a versatile bonus room-perfect for a home office, guest room, or hobby space-and 2 full bathrooms across approximately 1,422 square feet of living space. The open-concept layout creates a bright and welcoming atmosphere, with a spacious living room flowing into the kitchen and dining area, ideal for everyday living and entertaining. The kitchen is designed to impress with upgraded appliances, abundant cabinetry, and a large center island, providing both functionality and style. The private primary suite offers a comfortable retreat with a walk-in closet and full bath, while the second bedroom and bonus room provide flexibility to fit your lifestyle. A separate laundry and utility area adds everyday convenience. This home includes numerous upgrades, including sheetrock walls, crown molding, and enhanced interior finishes that add a refined touch throughout the home. Located on a newly landscaped lot within the Granite Post Green community, the property will also include a brand-new storage shed, perfect for tools, outdoor gear, or seasonal storage. For added peace of mind, the home will come with a 1-year home warranty. Enjoy the convenience of Seacoast living with easy access to Route 1, Portsmouth, Hampton Beach, shopping, restaurants, and local services. Smile, you just found your new home!

Key facts

• Large center island
• Single level living
• Upgraded appliances

Tags

• SINGLE LEVEL LIVING
• VERSATILE BONUS ROOM
• OPEN CONCEPT LAYOUT
• UPGRADED APPLIANCES
• LARGE CENTER ISLAND
• PRIVATE PRIMARY SUITE

Property features AI

Finance

• Financial info: Property taxes to be determined

Exterior

• Parking: Paved driveway
• Utilities: Public water; Private sewer; 100 Amp service with circuit breakers; High-speed internet available; Cable available; Telephone available; LP/bottle gas
• Home design: Manufactured/mobile home; New construction (2026); Shingle (asphalt) roof
• Construction: Built in 2026; Other construction materials
• Exterior features: Landscaped lot; Leased lot; Near golf course; Near walking paths; Near shopping; Neighborhood setting; Near hospital; Near schools; Paved driveway; Private road frontage (paved)

Interior

• Kitchen: Dishwasher (Energy Star); Gas range; Refrigerator (Energy Star)
• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Five total rooms; Exhaust fan
• Laundry & utility: Washer (Energy Star); Dryer (Energy Star)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $369k.

Deal economics

• At list price, monthly cash flow is $765 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $369k).
• Recommended offer: $347k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• North Hampton School District (rural): math 66% / reading 82% proficiency, ranked #14 of 171 in NH (top 8%) — strong family-tenant draw, lease renewals of 3-5y typical; only 7% free/reduced lunch — higher-income household profile.
• Market conditions: 28 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,276 units permitted in Rockingham County in 2024 (593 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($347k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $346,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.78%
• Cash-on-cash: 8.89%
• DSCR: 1.40
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $331,563
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4 Limestone Way	0.13mi	3/2.0	1,512 (+8%)	1mo	$265,000	$175	80
3 Limestone Way	0.13mi	3/1.0	1,308 (-6%)	8mo	$249,900	$191	72
1 Stoneledge Rd	0.00mi	2/2.0 (-1)	1,458 (+4%)	22mo	$283,000	$194	69
41 Holly Cir	0.36mi	2/2.0 (-1)	1,457 (+4%)	7mo	$407,000	$279	66
16 Granite Dr	0.08mi	2/2.0 (-1)	1,220 (-13%)	12mo	$265,000	$217	60
7 Oak Dr	0.31mi	2/2.0 (-1)	1,480 (+6%)	15mo	$389,000	$263	58
16 Sycamore Ave	0.46mi	2/2.0 (-1)	1,480 (+6%)	14mo	$379,000	$256	53
12 Sycamore Ave	0.45mi	2/2.0 (-1)	1,480 (+6%)	19mo	$369,000	$249	49
6 Chestnut Rd	0.33mi	2/2.0 (-1)	1,580 (+13%)	11mo	$375,000	$237	48
39 Oak Dr	0.28mi	2/2.0 (-1)	1,216 (-13%)	23mo	$199,000	$164	41
40 Aspen Way	0.68mi	2/2.0 (-1)	1,328 (-5%)	21mo	$430,000	$324	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.9%
• Equity multiple: 0.89×
• Total profit: $-11,170
• Equity at exit: $55,019

10-year hold

• IRR: 6.8%
• Equity multiple: 1.51×
• Total profit: $52,579
• Equity at exit: $31,904

Cash invested: $103,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 56 Moderately Landlord-Leaning
• State New Hampshire: 56 Moderately Landlord-Leaning · D+1
• County: — inherits STATE
• City: — inherits STATE

Has just-cause statute; 30-day notice; landlord-leaning vs. neighbors.

Methodology + full state rankings →

ZIP-level market 03862

• Home prices YoY: -17.5%
• Active inventory: 28
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,850 medium
• Mortgage (P&I): −$1,935
• Tax from tax record: −$188 /mo · $2,250/yr
• Insurance: −$154
• HOA: −$0
• Vacancy / Maint / Mgmt: −$808
• Net cashflow: $765

Break-even live

Break-even rent $2,881

Max offer price $369,000

Occupancy floor 75%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $92,250
• Closing costs: $11,070
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
48 Dow Ln Rye, NH	3.0	2.0	1588	$3,850	$2.42	2d	1	0.74mi

Listing history 17 events

1. 2026-06-18
   days on market $369,000 Active 62 DOM
2. 2026-06-17
   days on market $369,000 Active 61 DOM
3. 2026-06-16
   days on market $369,000 Active 60 DOM
4. 2026-06-15
   days on market $369,000 Active 59 DOM
5. 2026-06-13
   days on market $369,000 Active 57 DOM
6. 2026-06-13
   days on market $369,000 Active 56 DOM
7. 2026-06-09
   days on market $369,000 Active 53 DOM
8. 2026-06-08
   days on market $369,000 Active 52 DOM
9. 2026-06-07
   days on market $369,000 Active 51 DOM
10. 2026-06-04
    days on market $369,000 Active 48 DOM
11. 2026-06-03
    days on market $369,000 Active 47 DOM
12. 2026-06-02
    days on market $369,000 Active 46 DOM
13. 2026-06-01
    days on market $369,000 Active 45 DOM
14. 2026-05-31
    days on market $369,000 Active 44 DOM
15. 2026-03-31
    listed $389,000 Active 1633-char remark

    Show marketing remark (1633 chars)

    Welcome to Granite Post Green, one of North Hampton's most desirable manufactured home communities. This brand-new home offers stylish design, thoughtful upgrades, and comfortable single-level living just minutes from the Seacoast's beaches, shopping, and dining. This beautifully designed home features 2 bedrooms plus a versatile bonus room-perfect for a home office, guest room, or hobby space-and 2 full bathrooms across approximately 1,422 square feet of living space. The open-concept layout creates a bright and welcoming atmosphere, with a spacious living room flowing into the kitchen and dining area, ideal for everyday living and entertaining. The kitchen is designed to impress with upgraded appliances, abundant cabinetry, and a large center island, providing both functionality and style. The private primary suite offers a comfortable retreat with a walk-in closet and full bath, while the second bedroom and bonus room provide flexibility to fit your lifestyle. A separate laundry and utility area adds everyday convenience. This home includes numerous upgrades, including sheetrock walls, crown molding, and enhanced interior finishes that add a refined touch throughout the home. Located on a newly landscaped lot within the Granite Post Green community, the property will also include a brand-new storage shed, perfect for tools, outdoor gear, or seasonal storage. For added peace of mind, the home will come with a 1-year home warranty. Enjoy the convenience of Seacoast living with easy access to Route 1, Portsmouth, Hampton Beach, shopping, restaurants, and local services. Smile, you just found your new home!

16. 2026-03-31
    listed $389,000 Active

    Show marketing remark (1633 chars)

    Welcome to Granite Post Green, one of North Hampton's most desirable manufactured home communities. This brand-new home offers stylish design, thoughtful upgrades, and comfortable single-level living just minutes from the Seacoast's beaches, shopping, and dining. This beautifully designed home features 2 bedrooms plus a versatile bonus room-perfect for a home office, guest room, or hobby space-and 2 full bathrooms across approximately 1,422 square feet of living space. The open-concept layout creates a bright and welcoming atmosphere, with a spacious living room flowing into the kitchen and dining area, ideal for everyday living and entertaining. The kitchen is designed to impress with upgraded appliances, abundant cabinetry, and a large center island, providing both functionality and style. The private primary suite offers a comfortable retreat with a walk-in closet and full bath, while the second bedroom and bonus room provide flexibility to fit your lifestyle. A separate laundry and utility area adds everyday convenience. This home includes numerous upgrades, including sheetrock walls, crown molding, and enhanced interior finishes that add a refined touch throughout the home. Located on a newly landscaped lot within the Granite Post Green community, the property will also include a brand-new storage shed, perfect for tools, outdoor gear, or seasonal storage. For added peace of mind, the home will come with a 1-year home warranty. Enjoy the convenience of Seacoast living with easy access to Route 1, Portsmouth, Hampton Beach, shopping, restaurants, and local services. Smile, you just found your new home!

17. 2026-03-21
    historical $389,000 1633-char remark

    Show marketing remark (1633 chars)

    Welcome to Granite Post Green, one of North Hampton's most desirable manufactured home communities. This brand-new home offers stylish design, thoughtful upgrades, and comfortable single-level living just minutes from the Seacoast's beaches, shopping, and dining. This beautifully designed home features 2 bedrooms plus a versatile bonus room-perfect for a home office, guest room, or hobby space-and 2 full bathrooms across approximately 1,422 square feet of living space. The open-concept layout creates a bright and welcoming atmosphere, with a spacious living room flowing into the kitchen and dining area, ideal for everyday living and entertaining. The kitchen is designed to impress with upgraded appliances, abundant cabinetry, and a large center island, providing both functionality and style. The private primary suite offers a comfortable retreat with a walk-in closet and full bath, while the second bedroom and bonus room provide flexibility to fit your lifestyle. A separate laundry and utility area adds everyday convenience. This home includes numerous upgrades, including sheetrock walls, crown molding, and enhanced interior finishes that add a refined touch throughout the home. Located on a newly landscaped lot within the Granite Post Green community, the property will also include a brand-new storage shed, perfect for tools, outdoor gear, or seasonal storage. For added peace of mind, the home will come with a 1-year home warranty. Enjoy the convenience of Seacoast living with easy access to Route 1, Portsmouth, Hampton Beach, shopping, restaurants, and local services. Smile, you just found your new home!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NH · Partial reset (capped growth)

• Current annual tax: $2,250 · $188/mo
• Projected year-2 tax: $5,147 · $429/mo
• Expected delta: +$2,897/yr (+$241/mo · 128.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $46,200
• − Mortgage interest: −$20,670
• − Property taxes: −$2,250
• − Insurance: −$1,845
• − Repairs & maintenance: −$3,696
• − Management: −$3,696
• − Depreciation: −$10,735
• Taxable income: $3,309
• Est. tax owed @ 24.0%: −$794
• After-tax cash flow: $8,388/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: North Hampton School District
• NCES district ID: 3305370
• Math proficiency: 66% ▲ 1.00%
• Reading proficiency: 82% ▲ 3.00%
• Median HH income: $83,171
• Composite: 66.85/100
• National rank: #883
• State rank: #14 of 171 in NH

Livability — North Hampton

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 4,563

Population outlook (Rockingham County) Hauer SSP2

• Today (2025): 316,118 people
• By 2030: 320,929 · +1.5%
• By 2040: 323,358 · +2.3%
• By 2050: 314,977 · -0.4%
• By 2075: 297,686 · -5.8%
• By 2100: 256,363 · -18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 4% Asian 4% Two or more races 3%
• Common ancestry: Lithuanian 8% Scotch-Irish 4% Slovak 4%
• Foreign-born: 5% · China, Canada
• Languages at home: 88% English-only · Spanish 6% Chinese 3% Other Indo-European 1%

Political lean MEDSL · Rockingham

• 2024 margin: Toss-up / Even · D 48.3% · R 50.8%
• 2008→2024 swing: -3.5pp toward R · 2008: 1.1pp · 2024: -2.4pp
• All cycles: 2024: R+2.4 2020: D+2.1 2016: R+5.8 2012: R+4.5 2008: D+1.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.37%
• Current HPI: 384.1561
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+0.0% since first listed

3 events — show timeline

• 2026-03-31 Listed $389,000 PrimeMLS
• 2026-03-31 Listed $389,000 PrimeMLS
• 2026-03-21 Coming Soon $389,000 PrimeMLS

Property tax history

+5.9%/yr

Latest (2025): $2,250 · +5.1% YoY. Source: county tax records.