Hobbs Farm, North Hampton, NH

Sold At Auction $909,500

Hobbs Farm
Saturday, June 16, 2012 11:00 a.m.




12PM-35

Auction Type Real Estate Auction
Date 6/16/2012 11:00 a.m.
Address Hobbs Farm
North Hampton NH


Real Estate Auction
Historic Hobbs Farm
US Route 1, North Hampton, NH
Saturday, June 16th at 11:00 a.m.

Offered In Multiple Parcels
Grand 19th Century Homestead
28.7± Total Acres
Commercial & Residential Zones

Located at the intersection of US Route 1 (Lafayette Road), Elm Road and Hobbs Road is the landmark Hobbs Farm.  The grand Victorian era home with 5,000± sq.ft. and 3-story approximately 42’ X 120’ barn with attaching carriage sheds presents an opportunity for numerous potential 21st century uses.  Many wonderful features are intact as the basis for future renovation.  The home and barn (Zoned IB/R) will be offered on 5.4± acres with the option to acquire an additional 6.4± or 23.3± acres.  Abutting parcels zoned R-1 with frontage on Hobbs Road and Birch Road total 23.3± acres of open fields and will be offered in two parcels of 6.4± and 16.9± acres.  The opportunity to own portions or the entire property is open to all prospective buyers with many varied interests.  Potential uses to name a few:  gentleman’s farm, horse farm, organic farm, vineyard, unique restaurant, B&B, retail or office uses and residential/commercial development.

Auctioneer’s Note:  The historic Hobbs family has owned this land since the 1700’s.  This property is well known and now, per order of one of the heirs of the Hobbs family, it will be offered on the market for the very first time.  All bidders will have an equal opportunity to compete for this property in multiple offerings. 

Inspection:  By appointment with the Auctioneer’s Office any day between May 29th and June 13th during normal business hours.

Ref. #12PM-35

 

 

TERMS

$25,000 Deposit per parcel or $75,000 deposit for the entirety at time and place of sale is required to bid (unsuccessful bidders’ deposits to be returned immediately following the sale).  Successful bidder(s) to increase deposit to a total of 10% of the purchase price at signing of contract immediately following auction.  Balance due at closing within 45 days. 7% Buyer’s Premium added to high bid to become the total purchase price.  Buyer to receive Warranty Deed with free and clear title.  Sale per order of Owner and subject to Owner Confirmation, as well as other terms and conditions outlined in the property information package and/or announced at sale.



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