Welcome to 3 Raccoon Alley in the charming Emerald Lake Village District of Hillsborough! This adorable and affordable year-round gambrel, set on a generous .85-acre corner lot, offers access to four shared beaches, a playground, and a boat launch on Emerald Lake (Gould Pond). Perfect for swimming, fishing, canoeing, and kayaking, this location is a water enthusiast's dream. Outdoor lovers will also appreciate the proximity to Fox State Forest for hiking and Pats Peak for skiing. Inside, the main level features an inviting open-concept living and dining area, a beautifully updated kitchen with granite countertops, a ¾ bath, and a versatile bonus room with a washer hook-up. Upstairs, you'll find four cozy bedrooms. The home has been updated over the years with a modern kitchen, a metal roof, on-demand hot water, and a standby generator. The expansive lot includes mature plantings, a patio area ready for rejuvenation, and ample space for outdoor gatherings and activities. This is a fantastic opportunity for buyers who are ready to tackle a few projects to create their ideal vacation retreat or primary residence! Enjoy the benefit of no HOA fees and the convenience of nearby shopping, dining, and town services. With easy access to Concord, Keene, and Manchester, this home offers the perfect blend of tranquility and convenience. Being sold AS-IS. Don't miss your chance to make this wonderful property your own!