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62 Grey Road
Greene, ME 04236
$879,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
4274
Property Description
Calling all horse enthusiasts, farmers, homesteaders, hobbyists, and creative entrepreneurs! Prepare to be captivated by this historical treasure nestled in the heart of Greene. Encompassing a sprawling 11.6 acres of pristine, level terrain, this distinguished estate boasts a grand 1915 farmhouse and two colossal 80' barns, epitomizing the essence of rural elegance and functionality. The farmhouse itself spans an impressive 4,274 square feet, offering 14 appointed rooms, including 5-6 bedrooms, 4 bathrooms, and an inviting in-law apartment above the garage. The residence exudes timeless charm while seamlessly integrating modern amenities, from the new roof and windows to the upgraded deck and septic system. Step inside the 22' x 41' in-law suite, complete with a full kitchen, bathroom, and private bedroom, ideal for accommodating guests or extended family members in comfort and style. Prepare to be awestruck by the sheer magnitude of the main barn, spanning 40' x 80', revitalized to accommodate various pursuits. From a spacious heated print shop to versatile workshop spaces, the possibilities are endless. Ascend the stairs to discover an expansive loft, previously used for wedding receptions, now awaiting your creative vision. Adjacent to the main barn, the smaller barn stands as a testament to equine excellence, offering 10 meticulously refurbished stalls, a spacious washbay with on-demand hot water, and a convenient tack room. Beyond the structures, the land itself is a sanctuary of pastoral beauty, encompassing fertile fields, verdant paddocks, and automatic waterers, providing an idyllic backdrop for equestrian endeavors or agricultural pursuits. Don't miss the opportunity to explore every facet of this extraordinary property. Be sure to peruse the accompanying attachments and videos, unveiling the countless updates and features that make this Horse Farm a truly remarkable investment opportunity.
Property Information
Lot Size
11 acre(s) square ft
Property Type
Residential
Year Built
1915
MLS Number
1584058
Location
Address
62 Grey Road
City
Greene
State
ME
Zip Code
04236
County
ANDROSCOGGIN
Listing
Provider
Tim Dunham Realty, original listing
Name
Tim Dunham Realty
Phone
(207) 729-7297
Office Name
Tim Dunham Realty
Office Phone
(207) 729-7297
Agent Name
Michelle Davis

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.