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1 Square Lake Fraser Camps Road
T16 R5 Wels, ME 04779
$895,000
Conventional
Property
Bedroom
8
Bathroom
2
Property Type
Conventional
Square ft
3615
Property Description
Referred to by locals & historians as The Fraser Camps, this location offers so much history of fishing, hunting, & recreation. Near the Yerxa's Camps, these two sets of camps hosted many outdoor adventures. Sports like ''Fly Rod Crosby'' fished here! A blend of charm & comfort, now modernized with two cottages built in 2000 & 2004, made from 300+/- year-old cedar beams on over 6 acres of owned land! Step into warm, inviting lodges with open concept, take advantage of windows facing the lakefront. Each camp offers a cozy woodstove, perfect centerpieces for gatherings. Off-grid, easy solar power & individual generators, both buildings offer propane heat. Dish TV & Hughes Net (Internet) are provided in the main cottage. Fully-equipped kitchens include propane & electric appliances, granite counters in the main camp. Sit at the breakfast bars or spread out in the dining rooms. The bedroom count can manage large groups! 7 spacious bedrooms, 8 including the new ''Honeymoon Suite'' over the garage. Beautiful & sturdy Amish-built log furniture in both cottages. The true allure of this ONCE-IN-A-LIFETIME property lies beyond its doors. Step onto the decks or the expansive lawn & take in panoramic views of shimmering lakes & forests. Private, pristine Square Lake and Cross Lake access, part of the Fish River Chain of Lakes, embark on fishing expeditions at your leisure, enjoy the eagles often spotted here! The avid hunter has ample opportunity, as Irving allows hunting on surrounding lands. The property boasts a variety of recreation: dips in the lakes, yard games, snowmobiling, ice fishing, snowshoeing, and, as night falls, gather around the fire pit for stories & toasty s'mores under the dark sky of Northern Maine. Get lost in the Milky Way! Only 9 miles from RT #161 & 2 miles gated, an easy 37 minutes. Or boat in from Cross Lake. Or fly in! Grab the ''brass ring,'' make this extraordinary lakefront property yours & start creating memories of a lifetime!
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
2000
MLS Number
1563137
Location
Address
1 Square Lake Fraser Camps Road
City
T16 R5 WELS
State
ME
Zip Code
04779
County
AROOSTOOK
Listing
Provider
RE/MAX Central, original listing
Name
RE/MAX Central
Phone
(207) 498-2900
Office Name
Kieffer Real Estate
Office Phone
(207) 498-2900
Agent Name
Robert Kieffer

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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.