Stutzman Intelligence Report — May 05, 2026

MONADNOCK CYBER • INTELLIGENCE DIVISION MAY 05, 2026 PRIVATE • CONFIDENTIAL ICOD: May 04 2026 00:00 The Stutzman Report Off-Market Intelligence Properties that aren’t on the MLS. Auction reserves, withdrawn listings, owner-direct opportunities, and distressed inventory the typical buyer pool never sees — measured against our independent valuation model and flagged underpriced, fairly valued, or overpriced. If it’s on the MLS, you don’t need us to find it. Everything below is off-market — properties that won’t show up on Zillow, Redfin, or your agent’s search. We surface them through public-record analysis, distress signal monitoring, and direct off-market intelligence, then run each one through our independent valuation model so you know what it’s actually worth. Why this matters: Off-market deals trade quieter, with less competition, and almost always close at a different number than a public listing would. The properties below are sitting in those blind spots right now. Subscribers receive the full file — every address, every owner, every signal. One-off reports cover a single property in detail, and advisory engagements are available for specific decisions. Locations here are shown at city and ZIP so the broader pattern is visible without identifying individual properties. Want the file? — jstutzman@monadnockcyber.ai  |  (603) 930-2222 Information Cut-Off Date Monday, May 04, 2026 · 00:00 Every figure in this report — valuations, mispricing, confidence scores, the off-market pool itself — is locked to the moment above. Anything our valuation engine has revised since then is intentionally not reflected here. This is a snapshot, not a live feed. How We Got Here Every property below started in a pool of more than a million. Here’s how the funnel narrows from continent-wide to actionable. Properties valued (nationwide) 1,030,080 New Hampshire 20,049 Through revaluation pipeline 16,725 Off-market & mispriced this week 9 1 underpriced · 8 overpriced What’s on the Table Across the 9 off-market properties we surfaced this week, the combined asking total is $8,704,000. Our independent valuation puts the true value at $7,825,057 — an implied $44,771 of mispricing sitting in deals that don’t appear on the MLS, Zillow, or Redfin. Average asking price: $967,111 · Average AVM: $869,451 · Confidence floor: 70% (most clear 80%+). The properties span auction reserves, withdrawn listings, owner-direct opportunities, distressed commercial, and capital-gains-pressure sellers. Sources are protected; the value is in the access. Sample — Top 25 by Mispricing A representative slice; the full file lists every off-market property # TYPE LOCATION REFAX AVM ASK Δ ANALYTIC CONFIDENCE 1 OVER ROCHESTER, NH 🔒 $949,382 $1,100,000 +15.9% 92% 2 OVER ROCHESTER, NH 🔒 $949,382 $1,100,000 +15.9% 92% 3 OVER Andover, NH 03216 🔒 $410,511 $474,000 +15.5% 95% 4 UNDER Concord, NH 03301 🔒 $314,771 $270,000 −14.2% 95% 5 OVER MERRIMACK, NH 🔒 $989,312 $1,100,000 +11.2% 90% 6 OVER MANCHESTER, NH 🔒 $1,033,066 $1,145,000 +10.8% 84% 7 OVER MANCHESTER, NH 🔒 $880,426 $975,000 +10.7% 87% 8 OVER PEMBROKE, NH 🔒 $1,074,836 $1,190,000 +10.7% 91% 9 OVER MANCHESTER, NH 🔒 $1,223,371 $1,350,000 +10.4% 84% Want the full off-market file? Every off-market property — all 9 addresses, owners, and signals — delivered to your inbox every Monday before 7 AM. Get Full Access → Single report $39.99 • $149/mo unlimited Distress Signals by Market Active motivated-seller indicators SIGNAL TYPE MARKET COUNT High Equity Free Clear Derry, NH 170 Senior Owner Derry, NH 152 High Equity Free Clear Portsmouth, NH 104 High Equity Derry, NH 71 Expired Listing Amherst, NH 59 Death Laconia, NH 45 Absentee Owner Derry, NH 40 Senior Owner Portsmouth, NH 40 HOW WE VALUE PROPERTIES The REFAX AVM is an ensemble that runs each property through several established analytic models in parallel and reconciles the outputs into a single estimate. The components include: Sales Comparison Approach — matched comparable sales by bedroom count, lot size, age, location, and property characteristics (5-factor model). Assessment-Calibrated Equalization — municipal assessed value adjusted by current equalization ratio. Equity / Cost Approach — reconstruction cost less depreciation, cross-checked against owner equity history. Distress & Income Models — income-cap for multifamily and commercial, distress-discount overlays for auctions and pre-foreclosure inventory. Every estimate is then independently validated by our Fred & Ethel™ QA system. Fred re-values each property under tight comparable criteria; Ethel audits the underlying data integrity across multiple sources. Disagreements between models trigger analyst review before publication. Analytic Confidence reflects model agreement and comp quality: 90%+ strong   75-89% good   60-74% moderate   <60% limited GREEN = asking below estimate   YELLOW = fairly priced   RED = asking above estimate All valuations are independently validated by the Fred & Ethel™ verification system. Fred re-values each property using tight comparable criteria; Ethel audits data integrity across multiple sources. Each property receives a confidence grade (A–F) before publication. This process mitigates errors, data anomalies, and model limitations. Grades reflect analytic rigor, not investment advice. Unlock the Full Intelligence Feed You just saw 10 properties out of 31298 flagged this week. ReFax™ Pro subscribers get: ✓  Full street addresses on every property ✓  Owner names, phones & email when available ✓  4-method AVM breakdown with confidence scores ✓  AI-generated property assessments ✓  Distress signal overlays & motivated seller alerts ✓  Delivered to your inbox Mon & Wed before 7 AM Get Your Report → Single report $39.99 • $149/mo unlimited Questions? jstutzman@monadnockcyber.ai • (603) 930-2222 Monadnock Cyber, LLC 71 NH 101A Suite 11, Amherst, NH 03031 Jeff Stutzman • jstutzman@monadnockcyber.ai • (603) 930-2222 This report is prepared exclusively for qualified investors and industry professionals. Information is derived from public records, verified commercial sources, and proprietary intelligence models. Not an offer to sell or solicitation. All data believed reliable but not guaranteed. 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