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1005 Jordan Square
Carrabassett Valley, ME 04947
$696,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2340
Property Description
This four-season mountain home sits high above the Carrabassett River and is just 6 miles from Sugarloaf Mountain. Offering regular shuttle service and walking distance to the town hall, and fire station with swimming pool, tennis, basketball courts, ballfields and playground. Several hiking, biking, and cross-country trails surround the property including the Huts & Trails with one trailhead just yards away. Snowmobiling and ATVing are close by. The home's open-concept design seamlessly blends a large kitchen with the dining and living areas. A gas fireplace adds a touch of warmth and comfort, harmonizing with the natural cedar walls. Hardwood floors echo the essence of the surrounding forest and large windows that frame picturesque landscapes allow the interior to connect seamlessly with the natural outdoor beauty. An open staircase leads you to two inviting guest bedrooms, one with a private water view deck. The heart of the home extends beyond its walls onto a delightful wrap-around covered cedar porch that offers panoramic views of the glistening river and the mountains beyond. The allure of the house grows as you venture down to the finished basement, where hours of fun await. Enter the billiard room with a legendary Brunswick Centennial regulation table while a Vermont Castings woodstove radiates warmth to the leather sitting area surrounding it. A rough-cut wood bar top finishes off this versatile play space. Now venture outside of this lively space and you'll discover a third deck/patio with a bubbling hot tub perfectly positioned to unwind and absorb the natural surroundings. Adjacent to the home stands an oversized 2-car garage with a second level that could serve as either storage or more living space, offering endless possibilities. In this Carrabassett Valley home you'll find more than just a dwelling, it is an adventure, and a most unique property that is seldom found today.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1973
MLS Number
1567700
Location
Address
1005 Jordan Square
City
Carrabassett Valley
State
ME
Zip Code
04947
County
FRANKLIN
Listing
Provider
Keller Williams - Greater Portland, original listing
Name
Keller Williams - Greater Portland
Phone
(207) 879-9800
Office Name
Keller Williams - Greater Portland
Office Phone
(207) 879-9800
Agent Name
Elizabeth Walker-Feeney

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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.