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231 Smith Hill Road, Franklin, NH, 03235

4beds
5baths
3,935sqft
$1,450,000
$368price/sqft
$10,652/moest. monthly cost
$426,080/yrincome needed

About This Home

Set on 15.31 private acres with sweeping mountain views, this striking 2026 modern farmhouse blends timeless architecture with thoughtful luxury and exceptional functionality.A gated entrance welcomes you home, where a beautifully illuminated 1300 foot driveway lined with granite posts and carriage lights sets the tone for the property’s refined approach. The home’s inviting farmer’s porch offers the perfect place to relax and take in the peaceful surroundings.Inside, the heart of the home is an impressive open-concept kitchen and living area featuring soaring vaulted ceilings and a massive fireplace, creating a warm yet dramatic gathering space designed for both everyday living and entertaining.Above the garage, a fully independent apartment offers outstanding flexibility.....ideal for guests, extended family, an au pair, or potential rental income.The lower level is a car enthusiast’s dream, featuring a garage door designed to easily move collectible vehicles in and out, along with an incredible restaurant-style bar and entertainment space perfect for hosting unforgettable gatherings.Yet perhaps the home’s greatest advantage is its remarkably convenient location. Despite the privacy of its 15+ acre setting, the property is just 28 minutes from the New Hampshire State House in Concord and within easy reach of several respected schools including Tilton School, Proctor Academy, and St. Paul’s School.Outdoor recreation is also close at hand, with Franklin’s rapidly growing outdoor recreation district...including the new whitewater park on the Winnipesaukee River,just minutes away, offering kayaking, biking, hiking, and year-round adventure.Combining privacy, luxury, accessibility, and lifestyle, this exceptional modern farmhouse offers a rare opportunity to own a truly distinctive New Hampshire property.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

2/10
Paul A. Smith SchoolGrades PK-33.1 mi
3/10
Franklin Middle SchoolGrades 4-83.5 mi
3/10
Franklin High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 2026

Materials

  • Foundation: Concrete
  • Roof: Architectural Shingle
  • Construction materials: Vinyl Exterior

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Climate Controlled,Concrete,Concrete Floor,Daylight,Full,Interior Stairs,Storage Space,Walkout,Interior Access,Exterior Entry,Basement Stairs,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 3,935

Heating & Cooling

  • Heating features: Propane,Wood,Hot Water,Boiler
  • Cooling features: Mini Split

Interior Area

  • Total structure area: 7,870
  • Total interior livable area: 3,935 sqft

Property

Details

  • Parcel number: FRKNM060B404L1
  • Zoning description: C

Features

  • Levels: Two
  • Stories: 2
  • Frontage length: Road frontage: 404

Lot

  • Lot size: 15.40 Acres
  • Features: Country Setting,Secluded,Sloped,Rural

Parking

  • Total spaces: 6
  • Parking features: Gated,Gravel,Direct Entry,Heated Garage,RV Garage,Garage,RV Access/Parking,Attached
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
Ice Storm
Winter Weather

FEMA Declared Disasters Across New Hampshire Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,331$87,972
Home Insurance $441$5,292
Property Taxes $2,304$27,648
Electricity $576$6,915
Total$10,652$127,824

Income You'd Need if You Spent...

35% on housing$365,211/yr
40% on housing$319,560/yr
45% on housing$284,053/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.0%
14.0%
0%30.0%
Electricity Growth Rate10-year average: 8.6%
8.6%
0%15.0%
Property Taxes Growth Rate2-year average: -0.6%
-0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$368This listing

vs Other Active Listings

Avg $/sqft

ZIP 03235$227
Merrimack County$259

vs Homes Sold Last Month

Median $/sqft

ZIP 03235$273
Merrimack County$275

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-08Listed for sale$1,450,000
2026-04-14Listing removed$1,600,000
2026-03-11Listed for sale$1,600,000

For Sale by Agent

AgentAdam Dow
BrokerageKW Coastal and Lakes & Mountains Realty/Wolfeboro

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