Listed by Tyler Hall • BHHS Verani Upper Valley (Cell: 802-359-2687).
For sale
$295,000
Est. $1,798/mo —
3
bd
•
1 ba
•
—
sq ft
15 Payne Rd, Lebanon, NH 03766
About this home
Rare opportunity to own a 1.42-acre property in Lebanon, NH, ideally located along quiet Payne Road at the western tip of Mascoma Lake. Mostly cleared and level, the lot features mature trees that provide natural shade and privacy while offering ample space for your vision. The property abuts the Rail Trail, with direct access via a short path, making it easy to enjoy walking, biking, and outdoor recreation. An existing house with a poured concrete foundation is currently on site for new owners to consider, or to conduct their own due diligence regarding the condition. Conveniently located a short walk from Mascoma Lake and just minutes to Dartmouth Health, Dartmouth College, downtown Lebanon, and Hanover, this property offers an exceptional opportunity to create your ideal home in a highly desirable Upper Valley location.
Rare opportunity to own a 1.42-acre property in Lebanon, NH, ideally located along quiet Payne Road at the western tip of Mascoma Lake. Mostly cleared and level, the lot features mature trees that provide natural shade and privacy while offering ample space for your vision. The property abuts the Rail Trail, with direct access via a short path, making it easy to enjoy walking, biking, and outdoor recreation. An existing house with a poured concrete foundation is currently on site for new owners to consider, or to conduct their own due diligence regarding the condition. Conveniently located a short walk from Mascoma Lake and just minutes to Dartmouth Health, Dartmouth College, downtown Lebanon, and Hanover, this property offers an exceptional opportunity to create your ideal home in a highly desirable Upper Valley location.
PrimeMLS #5101403
Jul 23, 2026
Listed
$295,000
PrimeMLS #4243802
Oct 11, 2013
Sold
$62,000
Jun 4, 2013
Listed
$80,000
Gorgeous 1.42+/- acre lot and three-bedroom home in need of extensive work. Walk to Mascoma River and Mascoma Lake for fishing and recreation. Rail Trail runs behind home. You could build your new home on this picturesque lot. Easy drive to DHMC.
Year
Property tax
Land + Additions
Assessment*
2025
$2,233 (−5.7%)
$99,900 + $3,800
$103,700
2024
$2,368 (+8.2%)
$87,600 + $2,500
$90,100
2023
$2,188 (+5.1%)
$87,600 + $2,500
$90,100
2022
$2,081 (+37.3%)
$87,800 + $2,500
$90,300
2021
$1,516 (−10.6%)
$54,000 + $2,200
$56,200
2019
$1,695 (+2.2%)
$54,000 + $1,800
$55,800
2018
$1,658 (+2.2%)
$54,000 + $1,800
$55,800
2017
$1,623 (+3.4%)
$54,000 + $1,800
$55,800
2016
$1,570 (+1.9%)
$54,000 + $1,800
$55,800
2015
$1,541
$54,000 + $1,800
$55,800
Public record
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
1.42 Acres
Year renovated
—
Finished Sq. Ft.
1,176
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,176
Year built
1935
Style
Single Family Residential
County
Grafton County
APN
808409
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 5, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 18 days in 30 years
3/10 Wind Factor
5% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Lebanon, NH • 03766
Average low and high temperatures (°F)
27
11
30
11
45
25
56
36
64
46
77
56
82
62
78
57
73
50
60
39
45
31
31
16
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 15 Payne Rd
$287,526
$7,474 under list price of $295K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $238K to $699K.