80-Year-Old, 320 Sq Foot New Hampshire Shack Listed For $2 Million

Zero Hedge | 2/15/2019 | Staff
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A tiny, 80-year-old shack in Portsmouth’s South End is causing quite a stir after being listed for $2 million.

The 320-square-foot home is located on a .34-acre lot bordering Marcy, Pray, and Partridge streets is expected to sell at a premium well above its $681,100 assessed value because it offers a spacious yard, or can subdivide the land into three lots. The section of town is very sought after, making the property price even more inflated.

Attraction - Pieces - Land - South - End

“I think what the attraction is that those pieces of land just don’t exist in the desirable South End,” Mayor Jack Blalock said Tuesday. “It’s a beautiful little property very close to the water and is accessible to (Prescott) park and downtown. It’s unique.”

According to city records, the home is located at 445 Marcy St Portsmouth, NH, was constructed in 1940 and has a replacement cost of $57,785. It is listed as a residential home with asbestos roofing. The land is valued at $678,200.

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