40 Spring Street, Farmington, NH, 03835
About This Home
CONTRACTORS, FLIPPERS, AND REAL ESTATE INVESTORS — opportunity awaits in downtown Farmington! This 3-bedroom, 1.5-bath New England home offers 1,259 finished square feet with excellent potential for expansion, additional living space, or value-add improvements. Set on a 0.31-acre lot just steps from downtown amenities, the property features an attached barn, views of the Cocheco River, a newer water heater, and a durable metal roof with a 50-year warranty already in place. The attached barn provides additional possibilities for storage, workshop space, future finishing, or expanded living area. With easy access to Lake Winnipesaukee, Portsmouth, the Seacoast, and the Lakes Region, this property presents strong potential as a renovation project, investment property, fix-and-flip, or future starter home. Bring your ideas and unlock the possibilities. OPEN HOUSE Sunday June 7, from 10:00-12:00
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Stone
- Roof: Metal
- Construction materials: Wood Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Cape
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished,Interior Entry
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- Finished area below ground: 0
- Finished area above ground: 1,259
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 2,694
- Total interior livable area: 1,259 sqft
Property
Details
- Parcel number: FRMNMU05L198S00U0
- Zoning description: URB
- Exclusions: Buyer/buyer's agent to do their own due diligence.
Features
- Levels: Two
- Stories: 2
- Frontage length: Road frontage: 20
Lot
- Lot size: 0.31 Acres
- Features: Near School(s)
Parking
- Parking features: Concrete
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
- Inland Flooding
- Ice Storm
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Hampshire Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,213 | $14,556 |
| Home Insurance | $63 | $756 |
| Property Taxes | $264 | $3,168 |
| Electricity | $283 | $3,398 |
| Total | $1,823 | $21,876 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-28 | Listed for sale | $240,000 |
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